El AL Israel Airlines (El AL Israel Airlines) Change In Inventory : $-0 Mil (TTM As of Dec. 2023)

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What is El AL Israel Airlines Change In Inventory?

El AL Israel Airlines's change in inventory for the quarter that ended in Dec. 2023 was $6 Mil. It means El AL Israel Airlines's inventory declined by $6 Mil from Sep. 2023 to Dec. 2023 .

El AL Israel Airlines's change in inventory for the fiscal year that ended in Dec. 2023 was $-0 Mil. It means El AL Israel Airlines's inventory increased by $0 Mil from Dec. 2022 to Dec. 2023 .

El AL Israel Airlines's Total Inventories for the quarter that ended in Dec. 2023 was $16 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. El AL Israel Airlines's Days Inventory for the quarter that ended in Dec. 2023 was 1.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. El AL Israel Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 was 52.17.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. El AL Israel Airlines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

El AL Israel Airlines Change In Inventory Historical Data

The historical data trend for El AL Israel Airlines's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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El AL Israel Airlines Change In Inventory Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.24

3.70

-7.10

-0.20

El AL Israel Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-8.09	-1.00	1.97	-7.51	6.34

El AL Israel Airlines Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0 Mil.

El AL Israel Airlines (OTCPK:ELALF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

El AL Israel Airlines's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.512	/	965.743	*	365 / 4
	=	1.75

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

El AL Israel Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	965.743	/	18.512
	=	52.17

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

El AL Israel Airlines's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.512	/	677.781
	=	0.03

El AL Israel Airlines Change In Inventory Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Change In Inventory

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ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.