Mesa Air Group (Mesa Air Group) Change In Inventory : $-2.5 Mil (TTM As of Sep. 2023)

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What is Mesa Air Group Change In Inventory?

Mesa Air Group's change in inventory for the quarter that ended in Sep. 2023 was $-0.5 Mil. It means Mesa Air Group's inventory increased by $0.5 Mil from Jun. 2023 to Sep. 2023 .

Mesa Air Group's change in inventory for the fiscal year that ended in Sep. 2023 was $-2.5 Mil. It means Mesa Air Group's inventory increased by $2.5 Mil from Sep. 2022 to Sep. 2023 .

Mesa Air Group's Total Inventories for the quarter that ended in Sep. 2023 was $29.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mesa Air Group's Days Inventory for the quarter that ended in Sep. 2023 was 22.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mesa Air Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.14.

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. Mesa Air Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.25.

Mesa Air Group Change In Inventory Historical Data

The historical data trend for Mesa Air Group'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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Mesa Air Group Change In Inventory Chart

Mesa Air Group Annual Data

Trend

Sep07

Sep08

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-6.31

-1.53

-1.87

-2.88

-2.53

Mesa Air Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-0.46	1.15	-1.38	-1.79	-0.51

Mesa Air Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.5 Mil.

Mesa Air Group (NAS:MESA) Change In Inventory Explanation

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

Mesa Air Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	28.988	/	120.062	*	365 / 4
	=	22.03

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

Mesa Air Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	120.062	/	28.988
	=	4.14

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.

Mesa Air Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.988	/	114.366
	=	0.25

Mesa Air Group Change In Inventory Related Terms

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Mesa Air Group (Mesa Air Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mesa Air Group Inc (NAS:MESA) » Definitions » Change In Inventory

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M2A:Germany

Address

410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008

Website

https://www.mesa-air.com

Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.

Executives

Jonathan Ireland	director	410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh	director	410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck	officer: CFO & Treasurer	16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein	director, officer: Chairman & CEO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon	director	C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman	officer: General Counsel	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz	officer: President and COO	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich	officer: EVP & Chief Operating Officer	MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda	officer: President, Freedom Airlines	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon	director	410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello	director	6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817