Air France-KLM (Air France-KLM) Inventory Turnover : 6.43 (As of Dec. 2023)

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What is Air France-KLM 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. Air France-KLM's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,734 Mil. Air France-KLM's Average Total Inventories for the quarter that ended in Dec. 2023 was $891 Mil. Air France-KLM's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air France-KLM's Days Inventory for the three months ended in Dec. 2023 was 14.19.

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. Air France-KLM's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Air France-KLM Inventory Turnover Historical Data

The historical data trend for Air France-KLM'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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Air France-KLM Inventory Turnover Chart

Air France-KLM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.71

18.23

19.48

27.75

26.02

Air France-KLM Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															7.20	6.58	7.82	5.51	6.43

Air France-KLM Inventory Turnover Calculation

Air France-KLM'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 )
=	22068.702	/ (	(765.89	+	930.207)	/	2 )
=	22068.702	/	848.0485
=	26.02

Air France-KLM'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5733.915	/ (	(852.721	+	930.207)	/	2 )
=	5733.915	/	891.464
=	6.43

Air France-KLM (OTCPK:AFLYY) 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.

Air France-KLM'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
	=	891.464	/	5733.915	*	365 / 4
	=	14.19

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.

Air France-KLM'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 )
	=	891.464	/	8077.426
	=	0.11

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.

Air France-KLM Inventory Turnover Related Terms

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Air France-KLM (Air France-KLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air France-KLM (OTCPK:AFLYY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

AFRAF:USA 1AF:Italy AFp:UK 0LN7:UK AF:France AFR0:Germany AFK:Austria

Address

2 Rue Robert Esnault-Pelterie, Paris, FRA, 75007

Website

https://www.airfranceklm.com

Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The Group has four segments which include Network, Maintenance, Transavia, and Other. The Network segment derives key revenue which includes the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. Its geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.

Air France-KLM (Air France-KLM) Headlines

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