Avcorp Industries (Avcorp Industries) Days Inventory : 45.93 (As of Jun. 2022)

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What is Avcorp Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Avcorp Industries's Average Total Inventories for the three months ended in Jun. 2022 was $10.38 Mil. Avcorp Industries's Cost of Goods Sold for the three months ended in Jun. 2022 was $20.63 Mil. Hence, Avcorp Industries's Days Inventory for the three months ended in Jun. 2022 was 45.93.

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

AVPFF' s Days Inventory Range Over the Past 10 Years
Min: 28.88 Med: 83.61 Max: 124.33
Current: 46.56

During the past 13 years, Avcorp Industries's highest Days Inventory was 124.33. The lowest was 28.88. And the median was 83.61.

AVPFF's Days Inventory is not ranked
in the Aerospace & Defense industry.
Industry Median: 139.24 vs AVPFF: 46.56

Avcorp Industries's Days Inventory increased from Jun. 2021 (43.68) to Jun. 2022 (45.93). It might indicate that Avcorp Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avcorp Industries's Inventory Turnover for the three months ended in Jun. 2022 was 1.99.

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. Avcorp Industries's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.45.

Avcorp Industries Days Inventory Historical Data

The historical data trend for Avcorp Industries'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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Avcorp Industries Days Inventory Chart

Avcorp Industries Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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85.75

71.03

32.00

28.43

41.17

Avcorp Industries Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Days Inventory	Get a 7-Day Free Trial															43.68	47.49	45.74	48.71	45.93

Competitive Comparison of Avcorp Industries's Days Inventory

For the Aerospace & Defense subindustry, Avcorp Industries'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.

Avcorp Industries's Days Inventory Distribution in the Aerospace & Defense Industry

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

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

Avcorp Industries Days Inventory Calculation

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

Avcorp Industries's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (7.539	+	10.007)	/	2 )	/	77.771	*	365
=	8.773					/	77.771	*	365
=	41.17

Avcorp Industries's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

	Days Inventory (Q: Jun. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
=	( (10.336	+	10.43)	/	2 )	/	20.63	*	365 / 4
=	10.383					/	20.63	*	365 / 4
=	45.93

Avcorp Industries (OTCPK:AVPFF) 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.

Avcorp Industries's Inventory Turnover for the three months ended in Jun. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	20.63	/	10.383
	=	1.99

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.

Avcorp Industries's Inventory to Revenue for the three months ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.383	/	22.85
	=	0.45

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.

Avcorp Industries Days Inventory Related Terms

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

Avcorp Industries (Avcorp Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Avcorp Industries Inc (OTCPK:AVPFF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10025 River Way, Delta, BC, CAN, V4G 1M7

Website

https://www.avcorp.com

Avcorp Industries Inc is a Canada based manufacturer within the aerospace industry. It designs and builds structures for aircraft manufacturers. The reportable segments of the company are The Avcorp Structures and Integration segment, which offers metallic and composite aerostructures assembly and integration; The Comtek advanced Structures segment dedicated to aircraft structural component repair services, and design and manufacture of composite aerostructures; and The Avcorp Composite Fabrication segment which offers advanced composite aerostructures fabrication. The group makes sales internationally and generates a majority of the revenue from the Europe.