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AAR Days Inventory

: 128.23 (As of May. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). AAR's Average Total Inventories for the three months ended in May. 2022 was $543 Mil. AAR's Cost of Goods Sold for the three months ended in May. 2022 was $386 Mil. Hence, AAR's Days Inventory for the three months ended in May. 2022 was 128.23.

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

AIR' s Days Inventory Range Over the Past 10 Years
Min: 104.33   Med: 119.1   Max: 154.3
Current: 130.02

During the past 13 years, AAR's highest Days Inventory was 154.30. The lowest was 104.33. And the median was 119.10.

AIR's Days Inventory is ranked better than
50.97% of 257 companies
in the Aerospace & Defense industry
Industry Median: 133.73 vs AIR: 130.02

AAR's Days Inventory declined from May. 2021 (137.80) to May. 2022 (128.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. AAR's Inventory Turnover for the three months ended in May. 2022 was 0.71.

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. AAR's Inventory-to-Revenue for the three months ended in May. 2022 was 1.14.


AAR Days Inventory Historical Data

The historical data trend for AAR'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.

AAR Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 112.21 104.33 116.09 154.30 132.15

AAR Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.80 124.60 134.70 130.92 128.23

Competitive Comparison

For the Aerospace & Defense subindustry, AAR'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.

   

AAR Days Inventory Distribution

For the Aerospace & Defense industry and Industrials sector, AAR's Days Inventory distribution charts can be found below:

* The bar in red indicates where AAR's Days Inventory falls into.



AAR Days Inventory Calculation

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

AAR's Days Inventory for the fiscal year that ended in May. 2022 is calculated as

Days Inventory (A: May. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: May. 2021 ) + Total Inventories (A: May. 2022 )) / count ) / Cost of Goods Sold (A: May. 2022 )*Days in Period
=( (540.6 + 550.5) / 2 ) / 1506.8*365
=545.55 / 1506.8*365
=132.15

AAR's Days Inventory for the quarter that ended in May. 2022 is calculated as:

Days Inventory (Q: May. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2022 ) + Total Inventories (Q: May. 2022 )) / count ) / Cost of Goods Sold (Q: May. 2022 )*Days in Period
=( (535.2 + 550.5) / 2 ) / 386.3*365 / 4
=542.85 / 386.3*365 / 4
=128.23

* 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.


AAR  (NYSE:AIR) 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.

AAR's Inventory Turnover for the three months ended in May. 2022 is calculated as

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.

AAR's Inventory to Revenue for the three months ended in May. 2022 is calculated as

* 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.


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.


AAR Days Inventory Related Terms

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


AAR Business Description

AAR logo
Traded in Other Exchanges
Address
1100 North Wood Dale Road, One AAR Place, Wood Dale, IL, USA, 60191
AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in two segments namely Aviation Services and Expeditionary Services. The Aviation Services segment consists of aftermarket support and services businesses that provide spares and maintenance support for aircraft operated by it's commercial and government/defense customers. The Expeditionary Services segment consists of businesses that provide products and services supporting the movement of equipment and personnel by the U.S. Department of Defense, foreign governments, and non-governmental organizations. It generates a majority of its revenue from the Aviation Services Segment.
Executives
Lord Ellen M. director 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Leduc Robert F director UNITED TECHNOLOGIES CORP 10 FARM SPRINGS ROAD FARMINGTON CT 06032
Gilbertson H John Jr director 3005 HIGHLAND PARKWAY SUITE 200 DOWNERS GROVE IL 60515
Mcnabb Duncan J. director C/O ATLAS AIR WORLDWIDE HOLDINGS, INC. 2000 WESTCHESTER AVENUE PURCHASE NY 10577
Garascia Jessica A. officer: Vice President and Secretary 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Jessup Christopher A. officer: Vice President-CCO 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Gillen Sean M. officer: VP-CFO 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Milligan Michael D officer: Chief Financial Officer 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Pachapa Eric officer: VP, Controller and CAO 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Vogel Jennifer L director C/O AAR CORP. 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Fortson John C. officer: VP, CFO & Treasurer 5255 VIRGINIA AVE NORTH CHARLESTON SC 29406
Anderson Anthony director 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Holmes John Mcclain Iii officer: Group Vice President 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Pace Peter director C/O AAR CORP. 1100 N. WOOD DALE ROAD WOOD DALE IL 60191
Martinez Randy J officer: Group Vice President HLH BUILDING 101 WORLD DRIVE PEACHTREE CITY GA 30269

AAR Headlines

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