AerCap Holdings NV (AerCap Holdings NV) Days Inventory

: 5.87 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). AerCap Holdings NV's Average Total Inventories for the three months ended in Dec. 2023 was $81 Mil. AerCap Holdings NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,263 Mil. Hence, AerCap Holdings NV's Days Inventory for the three months ended in Dec. 2023 was 5.87.

The historical rank and industry rank for AerCap Holdings NV's Days Inventory or its related term are showing as below:

AER' s Days Inventory Range Over the Past 10 Years
Min: 3.47 Med: 5.12 Max: 52.25
Current: 5.07

During the past 13 years, AerCap Holdings NV's highest Days Inventory was 52.25. The lowest was 3.47. And the median was 5.12.

AER's Days Inventory is ranked better than
76.69% of 682 companies
in the Business Services industry
Industry Median: 29.72 vs AER: 5.07

AerCap Holdings NV's Days Inventory increased from Dec. 2022 (3.54) to Dec. 2023 (5.87). It might indicate that AerCap Holdings NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. AerCap Holdings NV's Inventory Turnover for the three months ended in Dec. 2023 was 15.54.

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. AerCap Holdings NV's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

AerCap Holdings NV Days Inventory Historical Data

The historical data trend for AerCap Holdings NV'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.

* Premium members only.

AerCap Holdings NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

3.47

5.39

3.97

5.12

AerCap Holdings NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																3.54	4.12	4.72	5.52	5.87

Competitive Comparison

For the Rental & Leasing Services subindustry, AerCap Holdings NV'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.

AerCap Holdings NV Days Inventory Distribution

For the Business Services industry and Industrials sector, AerCap Holdings NV's Days Inventory distribution charts can be found below:

* The bar in red indicates where AerCap Holdings NV's Days Inventory falls into.

AerCap Holdings NV Days Inventory Calculation

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

AerCap Holdings NV'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
=	( (55.868	+	85.668)	/	2 )	/	5043.458	*	365
=	70.768					/	5043.458	*	365
=	5.12

AerCap Holdings NV'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
=	( (76.817	+	85.668)	/	2 )	/	1262.517	*	365 / 4
=	81.2425					/	1262.517	*	365 / 4
=	5.87

AerCap Holdings NV (NYSE:AER) 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.

AerCap Holdings NV's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1262.517	/	81.2425
	=	15.54

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.

AerCap Holdings NV's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	81.2425	/	1895.807
	=	0.04

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.

AerCap Holdings NV Days Inventory Related Terms

Thank you for viewing the detailed overview of AerCap Holdings NV's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

AerCap Holdings NV (AerCap Holdings NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » AerCap Holdings NV (NYSE:AER) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

R1D:Germany R1D:Germany

Address

65 St. Stephen's Green, AerCap House, Dublin, IRL, D02 YX20

Website

https://www.aercap.com

AerCap Holdings NV is an aircraft leasing company. Its major activities include leasing, financing, sales, and management of commercial aircraft and engines. It also provides aircraft asset management and corporate services to securitization vehicles, joint ventures, and other third parties. Through its subsidiary, the group also provides engine leasing, certified aircraft engines, airframes, and engine parts. Its geographical segments include China, United States, and Other countries.

Executives

Michael George Walsh	director	65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James A Lawrence	director	2211 S 47TH ST, PHOENIX AZ 85034
Michael Gradon	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Aengus Kelly	officer: Chief Executive Officer	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Den Dikken Wouter Marinus	officer: Chief Operating Officer	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
James N Chapman	director	14 ALPINE ROAD, GREENWICH CT 06830
Peter Juhas	officer: Chief Financial Officer	65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Philip Gene Scruggs	officer: Chief Comm. Off. and President	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Robert G Warden	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Marius Jonkhart	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Al Noaimi Salem Rashed Abdulla Ali	director	AERCAP HOUSE, 65 ST. STEPHEN'S GREEN, DUBLIN L2 2
Walter Field Mclallen	director	1225 17TH AVE SOUTH, NASHVILLE TN 37212
Paul T Dacier	director	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Pieter Korteweg	director	C/O CERBERUS CAPITAL MANAGEMENT L.P., 299 PARK AVENUE - 22ND FLOOR, NEW YORK NY 10171
Robert H Benmosche	director	180 MAIDEN LANE, NEW YORK NY 10038