Magellan Aerospace (TSX:MAL) Days Inventory : 118.02 (As of Dec. 2023)

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What is Magellan Aerospace Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Magellan Aerospace's Average Total Inventories for the three months ended in Dec. 2023 was C$258.4 Mil. Magellan Aerospace's Cost of Goods Sold for the three months ended in Dec. 2023 was C$199.8 Mil. Hence, Magellan Aerospace's Days Inventory for the three months ended in Dec. 2023 was 118.02.

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

TSX:MAL' s Days Inventory Range Over the Past 10 Years
Min: 78.62 Med: 88.85 Max: 120.24
Current: 113.32

During the past 13 years, Magellan Aerospace's highest Days Inventory was 120.24. The lowest was 78.62. And the median was 88.85.

TSX:MAL's Days Inventory is ranked better than
61.46% of 288 companies
in the Aerospace & Defense industry
Industry Median: 141.995 vs TSX:MAL: 113.32

Magellan Aerospace's Days Inventory increased from Dec. 2022 (104.52) to Dec. 2023 (118.02). It might indicate that Magellan Aerospace's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Magellan Aerospace's Inventory Turnover for the three months ended in Dec. 2023 was 0.77.

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. Magellan Aerospace's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.16.

Magellan Aerospace Days Inventory Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Days Inventory Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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78.99

115.47

120.24

108.81

111.91

Magellan Aerospace 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															104.52	105.80	112.32	118.74	118.02

Competitive Comparison of Magellan Aerospace's Days Inventory

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace's Days Inventory Distribution in the Aerospace & Defense Industry

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

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

Magellan Aerospace Days Inventory Calculation

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

Magellan Aerospace'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
=	( (226.359	+	258.448)	/	2 )	/	790.626	*	365
=	242.4035					/	790.626	*	365
=	111.91

Magellan Aerospace'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
=	( (258.381	+	258.448)	/	2 )	/	199.805	*	365 / 4
=	258.4145					/	199.805	*	365 / 4
=	118.02

Magellan Aerospace (TSX:MAL) 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.

Magellan Aerospace's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	199.805	/	258.4145
	=	0.77

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.

Magellan Aerospace's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	258.4145	/	223.581
	=	1.16

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.

Magellan Aerospace Days Inventory Related Terms

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

Magellan Aerospace (TSX:MAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (TSX:MAL) » Definitions » Days Inventory

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MALJF:USA 4M7A:Germany

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.

Magellan Aerospace (TSX:MAL) Headlines

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