Cathay Pacific Airways (Cathay Pacific Airways) Inventory Turnover : 42.65 (As of Dec. 2023)

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What is Cathay Pacific Airways Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Cathay Pacific Airways's Cost of Goods Sold for the six months ended in Dec. 2023 was $5,202 Mil. Cathay Pacific Airways's Average Total Inventories for the quarter that ended in Dec. 2023 was $122 Mil. Cathay Pacific Airways's Inventory Turnover for the quarter that ended in Dec. 2023 was 42.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cathay Pacific Airways's Days Inventory for the six months ended in Dec. 2023 was 4.28.

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. Cathay Pacific Airways's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Cathay Pacific Airways Inventory Turnover Historical Data

The historical data trend for Cathay Pacific Airways's Inventory Turnover 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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Cathay Pacific Airways Inventory Turnover Chart

Cathay Pacific Airways Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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53.83

31.55

28.29

35.82

70.02

Cathay Pacific Airways Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															16.50	13.40	20.24	31.81	42.65

Cathay Pacific Airways Inventory Turnover Calculation

Cathay Pacific Airways's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9447.745	/ (	(146.043	+	123.819)	/	2 )
=	9447.745	/	134.931
=	70.02

Cathay Pacific Airways's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5202.054	/ (	(120.133	+	123.819)	/	2 )
=	5202.054	/	121.976
=	42.65

Cathay Pacific Airways (OTCPK:CPCAF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Cathay Pacific Airways's Days Inventory for the six 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
	=	121.976	/	5202.054	*	365 / 2
	=	4.28

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.

Cathay Pacific Airways'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 )
	=	121.976	/	6516.428
	=	0.02

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Cathay Pacific Airways Inventory Turnover Related Terms

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Cathay Pacific Airways (Cathay Pacific Airways) Business Description

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CPCAY:USA 00293:Hong Kong CTY:Germany

Address

88 Queensway, 33rd Floor, One Pacific Place, Hong Kong, HKG

Website

https://www.cathaypacific.com

Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.

Cathay Pacific Airways (Cathay Pacific Airways) Headlines

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