Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Days Inventory

: 9.77 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Gol Linhas Aereas Inteligentes's Average Total Inventories for the three months ended in Dec. 2023 was $73 Mil. Gol Linhas Aereas Inteligentes's Cost of Goods Sold for the three months ended in Dec. 2023 was $683 Mil. Hence, Gol Linhas Aereas Inteligentes's Days Inventory for the three months ended in Dec. 2023 was 9.77.

The historical rank and industry rank for Gol Linhas Aereas Inteligentes's Days Inventory or its related term are showing as below:

GOLLQ' s Days Inventory Range Over the Past 10 Years
Min: 5.53 Med: 8.33 Max: 10.54
Current: 10.35

During the past 13 years, Gol Linhas Aereas Inteligentes's highest Days Inventory was 10.54. The lowest was 5.53. And the median was 8.33.

GOLLQ's Days Inventory is ranked better than
53.52% of 781 companies
in the Transportation industry
Industry Median: 11.49 vs GOLLQ: 10.35

Gol Linhas Aereas Inteligentes's Days Inventory declined from Dec. 2022 (9.86) to Dec. 2023 (9.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gol Linhas Aereas Inteligentes's Inventory Turnover for the three months ended in Dec. 2023 was 9.34.

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. Gol Linhas Aereas Inteligentes's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Gol Linhas Aereas Inteligentes Days Inventory Historical Data

The historical data trend for Gol Linhas Aereas Inteligentes's Days 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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Gol Linhas Aereas Inteligentes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.61

10.80

10.29

9.73

10.18

Gol Linhas Aereas Inteligentes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															9.86	9.86	10.69	10.64	9.77

Competitive Comparison

For the Airlines subindustry, Gol Linhas Aereas Inteligentes's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gol Linhas Aereas Inteligentes Days Inventory Distribution

For the Transportation industry and Industrials sector, Gol Linhas Aereas Inteligentes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gol Linhas Aereas Inteligentes's Days Inventory falls into.

Gol Linhas Aereas Inteligentes Days Inventory Calculation

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

Gol Linhas Aereas Inteligentes's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (74.761	+	72.92)	/	2 )	/	2648.813	*	365
=	73.8405					/	2648.813	*	365
=	10.18

Gol Linhas Aereas Inteligentes's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (73.355	+	72.92)	/	2 )	/	683.06	*	365 / 4
=	73.1375					/	683.06	*	365 / 4
=	9.77

Gol Linhas Aereas Inteligentes (OTCPK:GOLLQ) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Gol Linhas Aereas Inteligentes's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	683.06	/	73.1375
	=	9.34

2. 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.

Gol Linhas Aereas Inteligentes's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	73.1375	/	1029.115
	=	0.07

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.

Gol Linhas Aereas Inteligentes Days Inventory Related Terms

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Gol Linhas Aereas Inteligentes (Gol Linhas Aereas Inteligentes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gol Linhas Aereas Inteligentes SA (OTCPK:GOLLQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GOQN:Germany GOLL4:Brazil

Address

S/N, Portaria 3, Jardim Aeroporto, Praca Comandante Linneu Gomes, Sao Paulo, SP, BRA, 04626-020

Website

https://www.voegol.com.br

Gol Intelligent Airlines Inc is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operate both domestic and international flights from which the majority of revenues come in from domestic operations.