Controladora Vuela Compania de AviacionB de CV (Controladora Vuela Compania de AviacionB de CV) Total Inventories : $16 Mil (As of Dec. 2023)

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What is Controladora Vuela Compania de AviacionB de CV Total Inventories?

Controladora Vuela Compania de AviacionB de CV's total inventories for the quarter that ended in Dec. 2023 was $16 Mil. Controladora Vuela Compania de AviacionB de CV's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Controladora Vuela Compania de AviacionB de CV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-34.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Controladora Vuela Compania de AviacionB de CV's Days Inventory for the three months ended in Dec. 2023 was 2.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Controladora Vuela Compania de AviacionB de CV's Inventory Turnover for the quarter that ended in Dec. 2023 was 39.62.

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. Controladora Vuela Compania de AviacionB de CV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Controladora Vuela Compania de AviacionB de CV Total Inventories Historical Data

The historical data trend for Controladora Vuela Compania de AviacionB de CV'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.

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Controladora Vuela Compania de AviacionB de CV Total Inventories Chart

Controladora Vuela Compania de AviacionB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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15.94

13.98

14.40

15.76

16.12

Controladora Vuela Compania de AviacionB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															15.76	15.00	17.00	17.00	16.12

Controladora Vuela Compania de AviacionB de CV 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.

Controladora Vuela Compania de AviacionB de CV (NYSE:VLRS) 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.

Controladora Vuela Compania de AviacionB de CV'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)
=	(776.218	+	0.75 * 251	+	0.5 * 16.117	-	4918
-	0	-	0)	/	115.145
=	-34.27

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

Controladora Vuela Compania de AviacionB de CV'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
	=	16.5585	/	656	*	365 / 4
	=	2.30

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

Controladora Vuela Compania de AviacionB de CV'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 )
	=	656	/	16.5585
	=	39.62

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.

Controladora Vuela Compania de AviacionB de CV'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 )
	=	16.5585	/	899
	=	0.02

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.

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Controladora Vuela Compania de AviacionB de CV (Controladora Vuela Compania de AviacionB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Controladora Vuela Compania de Aviacion SAB de CV (NYSE:VLRS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

VOLARA:Mexico 2CDA:Germany

Address

Av. Antonio Dovali Jaime Number 70, 13th Floor, Tower B, Colonia Zedec Santa Fe, Mexico, DF, MEX, 01210

Website

https://www.volaris.com

Controladora Vuela Compania de Aviacion SAB de CV is a low-cost airline flying to Mexico, the United States, Central and South America. It currently operates up to 500 average daily flight segments on routes that connect 44 cities in Mexico as well as 22 cities in the United States, four in Central America and two in South America. It uses promotional fares to stimulate demand and the base fares are priced to compete with long-distance bus fares in Mexico. Revenues from the air transportation of passengers are recognized earlier when the service is provided or when the non-refundable ticket expires at the date of the scheduled travel. Non-passenger revenues include revenues generated from other non-passenger revenues and cargo services.