El AL Israel Airlines (El AL Israel Airlines) Days Inventory : 1.75 (As of Dec. 2023)

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What is El AL Israel Airlines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). El AL Israel Airlines's Average Total Inventories for the three months ended in Dec. 2023 was $19 Mil. El AL Israel Airlines's Cost of Goods Sold for the three months ended in Dec. 2023 was $966 Mil. Hence, El AL Israel Airlines's Days Inventory for the three months ended in Dec. 2023 was 1.75.

The historical rank and industry rank for El AL Israel Airlines's Days Inventory or its related term are showing as below:

ELALF' s Days Inventory Range Over the Past 10 Years
Min: 2.64 Med: 3.68 Max: 6.44
Current: 2.84

During the past 13 years, El AL Israel Airlines's highest Days Inventory was 6.44. The lowest was 2.64. And the median was 3.68.

ELALF's Days Inventory is ranked better than
80.08% of 778 companies
in the Transportation industry
Industry Median: 11.545 vs ELALF: 2.84

El AL Israel Airlines's Days Inventory increased from Dec. 2022 (1.66) to Dec. 2023 (1.75). It might indicate that El AL Israel Airlines's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. El AL Israel Airlines's Inventory Turnover for the three months ended in Dec. 2023 was 52.17.

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. El AL Israel Airlines's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

El AL Israel Airlines Days Inventory Historical Data

The historical data trend for El AL Israel Airlines'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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El AL Israel Airlines Days Inventory Chart

El AL Israel Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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3.20

6.44

4.61

3.02

2.64

El AL Israel Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1.66	4.08	3.68	3.84	1.75

Competitive Comparison of El AL Israel Airlines's Days Inventory

For the Airlines subindustry, El AL Israel Airlines'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.

El AL Israel Airlines's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, El AL Israel Airlines's Days Inventory distribution charts can be found below:

* The bar in red indicates where El AL Israel Airlines's Days Inventory falls into.

El AL Israel Airlines Days Inventory Calculation

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

El AL Israel Airlines'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
=	( (15	+	15.5)	/	2 )	/	2107.1	*	365
=	15.25					/	2107.1	*	365
=	2.64

El AL Israel Airlines's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.524	+	15.5)	/	2 )	/	965.743	*	365 / 4
=	18.512					/	965.743	*	365 / 4
=	1.75

El AL Israel Airlines (OTCPK:ELALF) 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.

El AL Israel Airlines's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	965.743	/	18.512
	=	52.17

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.

El AL Israel Airlines's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.512	/	677.781
	=	0.03

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.

El AL Israel Airlines Days Inventory Related Terms

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El AL Israel Airlines (El AL Israel Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » El AL Israel Airlines Ltd (OTCPK:ELALF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ELAL:Israel

Address

PO Box 41, Ben Gurion Airport, Lod, ISR, 7015001

Website

http://www.elal.co.il

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.