ACDVF (Air Canada) Days Inventory : 8.68 (As of Sep. 2024)

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What is Air Canada Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Air Canada's Average Total Inventories for the three months ended in Sep. 2024 was $279 Mil. Air Canada's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,937 Mil. Hence, Air Canada's Days Inventory for the three months ended in Sep. 2024 was 8.68.

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

ACDVF' s Days Inventory Range Over the Past 10 Years
Min: 5.1 Med: 6.2 Max: 9.33
Current: 7.74

During the past 13 years, Air Canada's highest Days Inventory was 9.33. The lowest was 5.10. And the median was 6.20.

ACDVF's Days Inventory is ranked better than
61.75% of 766 companies
in the Transportation industry
Industry Median: 11.98 vs ACDVF: 7.74

Air Canada's Days Inventory increased from Sep. 2023 (7.29) to Sep. 2024 (8.68). It might indicate that Air Canada's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Air Canada's Inventory Turnover for the three months ended in Sep. 2024 was 10.52.

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 Canada's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.06.

Air Canada Days Inventory Historical Data

The historical data trend for Air Canada'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.

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Air Canada Days Inventory Chart

Air Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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5.37

8.34

9.32

7.37

7.58

Air Canada 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															7.29	7.23	7.16	8.03	8.68

Competitive Comparison of Air Canada's Days Inventory

For the Airlines subindustry, Air Canada'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.

Air Canada's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Canada's Days Inventory distribution charts can be found below:

* The bar in red indicates where Air Canada's Days Inventory falls into.

Air Canada Days Inventory Calculation

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

Air Canada'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
=	( (234.082	+	251.193)	/	2 )	/	11689.773	*	365
=	242.6375					/	11689.773	*	365
=	7.58

Air Canada'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
=	( (290.405	+	267.976)	/	2 )	/	2936.661	*	365 / 4
=	279.1905					/	2936.661	*	365 / 4
=	8.68

Air Canada (OTCPK:ACDVF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2936.661	/	279.1905
	=	10.52

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	279.1905	/	4507.604
	=	0.06

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.

Air Canada Days Inventory Related Terms

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

Air Canada Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

0SE9:UK ADH2:Germany AC:Canada ADH2:Bulgaria

Address

7373 Cote Vertu Boulevard West, Air Canada Centre, Saint-Laurent, QC, CAN, H4S 1Z3

Website

https://www.aircanada.com

Air Canada is Canada's largest airline, serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth-freedom airline, which flies many US-based passengers on long-haul trips with a layover in Canada.