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
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
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
* 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 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.
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