AAIRF (American Aires) Days Inventory : 101.31 (As of Sep. 2024)

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What is American Aires Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). American Aires's Average Total Inventories for the three months ended in Sep. 2024 was $1.38 Mil. American Aires's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.25 Mil. Hence, American Aires's Days Inventory for the three months ended in Sep. 2024 was 101.31.

The historical rank and industry rank for American Aires's Days Inventory or its related term are showing as below:

AAIRF' s Days Inventory Range Over the Past 10 Years
Min: 73.37 Med: 89.93 Max: 731.98
Current: 152.44

During the past 6 years, American Aires's highest Days Inventory was 731.98. The lowest was 73.37. And the median was 89.93.

AAIRF's Days Inventory is ranked worse than
71.47% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs AAIRF: 152.44

American Aires's Days Inventory increased from Sep. 2023 (38.07) to Sep. 2024 (101.31). It might indicate that American Aires's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Aires's Inventory Turnover for the three months ended in Sep. 2024 was 0.90.

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. American Aires's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.41.

American Aires Days Inventory Historical Data

The historical data trend for American Aires's Days 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.

* Premium members only.

American Aires Days Inventory Chart

American Aires Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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428.08

91.32

86.79

75.36

82.36

American Aires Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															38.07	-	102.68	103.09	101.31

Competitive Comparison of American Aires's Days Inventory

For the Electronic Components subindustry, American Aires's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

American Aires's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, American Aires's Days Inventory distribution charts can be found below:

* The bar in red indicates where American Aires's Days Inventory falls into.

American Aires Days Inventory Calculation

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

American Aires's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.375	+	0)	/	1 )	/	1.662	*	365
=	0.375					/	1.662	*	365
=	82.36

American Aires's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.12	+	1.649)	/	2 )	/	1.247	*	365 / 4
=	1.3845					/	1.247	*	365 / 4
=	101.31

American Aires (OTCPK:AAIRF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

American Aires's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.247	/	1.3845
	=	0.90

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.

American Aires's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.3845	/	3.392
	=	0.41

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

American Aires Days Inventory Related Terms

Thank you for viewing the detailed overview of American Aires's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

American Aires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » American Aires Inc (OTCPK:AAIRF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

A5A0:Germany WIFI:Canada

Address

400 Applewood Crescent, Suite 100, Vaughan, ON, CAN, L4K 0C3

Website

https://www.airestech.com

American Aires Inc is engaged in the production, distribution, and sales of electromagnetic protection devices. The company has three products: Air Shield Pro, Aires Defender Pro, Aires Guardian, and other products in the development phase.