Days Inventory is also known as Days Sales of Inventory (DSI). AIRO Group's Average Total Inventories for the
three
months ended in Jun. 2023 was $2.38 Mil. AIRO Group's Cost of Goods Sold for the
three
months ended in Jun. 2023 was $4.12 Mil.
Hence, AIRO Group's Days Inventory for the
three
months ended in Jun. 2023 was 52.83.
The historical rank and industry rank for AIRO Group's Days Inventory or its related term are showing as below:
AIRO's Days Inventory is not ranked *
in the Aerospace & Defense industry.
Industry Median: 148.84 * Ranked among companies with meaningful Days Inventory only.
AIRO Group's Days Inventory
increased
from Jun. 2022 (0.00) to Jun. 2023 (52.83).
It might indicate that AIRO Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
AIRO Group's Inventory Turnover for the
three
months ended in Jun. 2023 was 1.73.
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.
AIRO Group's Inventory-to-Revenue for the
three
months ended in Jun. 2023 was 0.22.
AIRO Group Days Inventory Historical Data
The historical data trend for AIRO Group'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.
Competitive Comparison of AIRO Group's Days Inventory
For the Aerospace & Defense subindustry, AIRO Group'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.
AIRO Group's Days Inventory Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, AIRO Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where AIRO Group's Days Inventory falls into.
AIRO Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AIRO Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
AIRO Group (NAS:AIRO) 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.
AIRO Group's Inventory Turnover for the
three
months ended in Jun. 2023 is calculated as
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.
AIRO Group's Inventory to Revenue for the
three
months ended in Jun. 2023 is calculated as
* 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.
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.
AIRO Group Days Inventory Related Terms
Thank you for viewing the detailed overview of AIRO Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
AIRO Group Holdings Inc is a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities dynamically addressing high-growth market trends across the entire Drone Ecosystem with a compelling range of drone technologies & services, avionics and defense training. AIRO provides a diversified product portfolio, ranging from established and mature product offerings to innovative drone and eVTOL solutions, with a balanced customer mix, both military and civil. Its wholly-owned subsidiaries are organized across four complimentary strategic divisions, each with a diverse set of partners and customers and each representing a large and fast-growing market segment: Advanced Avionics; Training; Uncrewed Air Systems; and Electric Air Mobility.
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