Switch to:
GuruFocus has detected 5 Warning Signs with AeroVironment Inc $AVAV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
AeroVironment Inc (NAS:AVAV)
Days Inventory
167.29 (As of Jan. 2017)

AeroVironment Inc's average inventory for the three months ended in Jan. 2017 was $62.0 Mil. AeroVironment Inc's cost of goods sold for the three months ended in Jan. 2017 was $33.8 Mil. Hence, AeroVironment Inc's days inventory for the three months ended in Jan. 2017 was 167.29.

AVAV' s Days Inventory Range Over the Past 10 Years
Min: 31.58   Max: 131.17
Current: 128.75

31.58
131.17

During the past 13 years, AeroVironment Inc's highest Days Inventory was 131.17. The lowest was 31.58. And the median was 68.83.

AVAV's Days Inventory is ranked lower than
55% of the 183 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 116.43 vs. AVAV: 128.75 )

AeroVironment Inc's days inventory increased from Jan. 2016 (105.63) to Jan. 2017 (167.29). It might indicate that AeroVironment Inc's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). AeroVironment Inc's days sales of inventory (DSI) for the three months ended in Jan. 2017 was 106.40.

Inventory turnover measures how fast the company turns over its inventory within a year. AeroVironment Inc's inventory turnover for the three months ended in Jan. 2017 was 0.55.

Inventory to revenue ratio 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. AeroVironment Inc's inventory to revenue ratio for the three months ended in Jan. 2017 was 1.17.


Definition

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

AeroVironment Inc's Days Inventory for the fiscal year that ended in Apr. 2016 is calculated as

Days Inventory (A: Apr. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Apr. 2015 ) + Inventory (A: Apr. 2016 )) / 2 ) / COGS (A: Apr. 2016 )*Days in Period
=( (39.414 + 37.486) / 2 ) / 151.995*365
=38.45 / 151.995*365
=92.33

AeroVironment Inc's Days Inventory for the quarter that ended in Jan. 2017 is calculated as:

Days Inventory (Q: Jan. 2017 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Oct. 2016 ) + Inventory (Q: Jan. 2017 )) / 2 ) / COGS (Q: Jan. 2017 )*Days in Period
=( (55.168 + 68.806) / 2 ) / 33.812*365 / 4
=61.987 / 33.812*365 / 4
=167.29

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

AeroVironment Inc's Days Sales of Inventory for the three months ended in Jan. 2017 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=61.987/53.163*365 / 4
=106.40

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

AeroVironment Inc's Inventory Turnover for the three months ended in Jan. 2017 is calculated as

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.

AeroVironment Inc's Inventory to Revenue for the three months ended in Jan. 2017 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

AeroVironment Inc Annual Data

Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14Apr15Apr16
DaysInventory 44.1739.8231.5838.8861.4776.18131.17130.75106.0192.33

AeroVironment Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
DaysInventory 128.83110.8697.88122.54126.79105.6381.75126.04138.52167.29
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK