AerCap Holdings NV (AerCap Holdings NV) Total Inventories

: $86 Mil (As of Dec. 2023)

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AerCap Holdings NV's total inventories for the quarter that ended in Dec. 2023 was $86 Mil. AerCap Holdings NV's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $81 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. AerCap Holdings NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-261.54.

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 three months ended in Dec. 2023 was 5.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. AerCap Holdings NV's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.04.

AerCap Holdings NV Total Inventories Historical Data

The historical data trend for AerCap Holdings NV's Total Inventories 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

Total Inventories

48.58

55.87

85.67

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
Total Inventories																55.87	59.16	72.58	76.82	85.67

AerCap Holdings NV Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

AerCap Holdings NV (NYSE:AER) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

AerCap Holdings NV's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1627.181	+	0.75 * 73.667	+	0.5 * 85.668	-	54685.513
-	0	-	0.216)	/	202.493
=	-261.54

2. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	81.2425	/	1262.517	*	365 / 4
	=	5.87

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1262.517	/	81.2425
	=	15.54

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	81.2425	/	1895.807
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

AerCap Holdings NV Total Inventories Related Terms

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AerCap Holdings NV (AerCap Holdings NV) Business Description

Industry

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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