Spirit AeroSystems Holdings (FRA:S9Q) Change In Inventory : €-235 Mil (TTM As of Mar. 2024)

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What is Spirit AeroSystems Holdings Change In Inventory?

Spirit AeroSystems Holdings's change in inventory for the quarter that ended in Mar. 2024 was €-32 Mil. It means Spirit AeroSystems Holdings's inventory increased by €32 Mil from Dec. 2023 to Mar. 2024 .

Spirit AeroSystems Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was €-271 Mil. It means Spirit AeroSystems Holdings's inventory increased by €271 Mil from Dec. 2022 to Dec. 2023 .

Spirit AeroSystems Holdings's Total Inventories for the quarter that ended in Mar. 2024 was €1,654 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spirit AeroSystems Holdings's Days Inventory for the quarter that ended in Mar. 2024 was 75.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spirit AeroSystems Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.20.

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. Spirit AeroSystems Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Spirit AeroSystems Holdings Change In Inventory Historical Data

The historical data trend for Spirit AeroSystems Holdings's Change In 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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Spirit AeroSystems Holdings Change In Inventory Chart

Spirit AeroSystems Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-85.86

-32.47

27.35

-111.58

-270.61

Spirit AeroSystems Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-70.80	-79.01	-61.47	-62.45	-32.02

Spirit AeroSystems Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-235 Mil.

Spirit AeroSystems Holdings (FRA:S9Q) Change In Inventory Explanation

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

Spirit AeroSystems Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1637.157	/	1967.236	*	365 / 4
	=	75.94

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

Spirit AeroSystems Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1967.236	/	1637.157
	=	1.20

3. 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.

Spirit AeroSystems Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1637.157	/	1566.576
	=	1.05

Spirit AeroSystems Holdings Change In Inventory Related Terms

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Spirit AeroSystems Holdings (FRA:S9Q) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (FRA:S9Q) » Definitions » Change In Inventory

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SPR:USA S9Q:Germany

Address

3801 South Oliver Street, Wichita, KS, USA, 67210

Website

https://www.spiritaero.com

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

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