GLUX (Great Lakes Aviation) Days Inventory: 171.56 (As of Sep. 2015)


What is Great Lakes Aviation Days Inventory?

Great Lakes Aviation GLUX Days Inventory is 171.56 as of Sep. 2015.

Days Inventory is also known as Days Sales of Inventory (DSI). Great Lakes Aviation's Average Total Inventories for the three months ended in Sep. 2015 was $6.31 Mil. Great Lakes Aviation's Cost of Goods Sold for the three months ended in Sep. 2015 was $3.35 Mil. Hence, Great Lakes Aviation's Days Inventory for the three months ended in Sep. 2015 was 171.56.

The historical rank and industry rank for Great Lakes Aviation's Days Inventory or its related term are showing as below:

GLUX's Days Inventory is not ranked *
in the Transportation industry.
Industry Median: 12.455
* Ranked among companies with meaningful Days Inventory only.

Great Lakes Aviation's Days Inventory increased from Sep. 2014 (115.05) to Sep. 2015 (171.56). It might indicate that Great Lakes Aviation's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Lakes Aviation's Inventory Turnover for the three months ended in Sep. 2015 was 0.53.

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. Great Lakes Aviation's Inventory-to-Revenue for the three months ended in Sep. 2015 was 0.65.

Great Lakes Aviation  (OTCPK:GLUX) 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.

Great Lakes Aviation's Inventory Turnover for the three months ended in Sep. 2015 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=3.354 / 6.306
=0.53

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.

Great Lakes Aviation's Inventory to Revenue for the three months ended in Sep. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=6.306 / 9.691
=0.65

* 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.

Great Lakes Aviation Days Inventory Related Terms

Great Lakes Aviation Days Inventory Historical Data

* Premium members only.

The historical data trend for Great Lakes Aviation'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.

Great Lakes Aviation Days Inventory Chart

Great Lakes Aviation Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.67 42.87 45.01 56.58 108.95

Great Lakes Aviation Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.05 105.06 132.41 105.80 171.56

GLUX vs MESA: Days Inventory Comparison

For the Airlines subindustry, Great Lakes Aviation'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.

Great Lakes Aviation Days Inventory vs Transportation Industry

For the Transportation industry and Industrials sector, Great Lakes Aviation's Days Inventory distribution charts can be found below:

* The bar in red indicates where Great Lakes Aviation's Days Inventory falls into.


Great Lakes Aviation Days Inventory Calculation

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

Great Lakes Aviation's Days Inventory for the fiscal year that ended in Dec. 2014 is calculated as

Days Inventory (A: Dec. 2014 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2013 ) + Total Inventories (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (8.668 + 6.578) / 2 ) / 25.539*365
=7.623 / 25.539*365
=108.95

Great Lakes Aviation's Days Inventory for the quarter that ended in Sep. 2015 is calculated as:

Days Inventory (Q: Sep. 2015 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2015 ) + Total Inventories (Q: Sep. 2015 )) / count ) / Cost of Goods Sold (Q: Sep. 2015 )*Days in Period
=( (6.229 + 6.383) / 2 ) / 3.354*365 / 4
=6.306 / 3.354*365 / 4
=171.56

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 171.56 mean?
Great Lakes Aviation (GLUX) has a Days Inventory of 171.56 as of Sep. 2015. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Great Lakes Aviation and its competitors.
Is Great Lakes Aviation's Days Inventory too high?
Great Lakes Aviation's current Days Inventory is 171.56. The Transportation industry median Days Inventory is 12.46. Great Lakes Aviation's value of 171.56 is 1277.4% above this industry median.
How does Great Lakes Aviation's Days Inventory compare to MESA?
Great Lakes Aviation's Days Inventory of 171.56 can be compared against companies in the Transportation industry. The industry median Days Inventory is 12.46. Great Lakes Aviation's value of 171.56 is 1277.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Transportation company?
The median Days Inventory among Transportation companies is 12.46, based on 798 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Great Lakes Aviation's current Days Inventory of 171.56 is 1277.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Great Lakes Aviation and its competitors. For the Transportation industry, the median Days Inventory is 12.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Lakes Aviation's current Days Inventory is 171.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Lakes Aviation stock overvalued right now?
Great Lakes Aviation (GLUX) has a current Days Inventory of 171.56. The current Days Inventory is 171.56 and 1277.4% above the Transportation industry median of 12.46. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Great Lakes Aviation (GLUX), the current Days Inventory is 171.56 as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Great Lakes Aviation Business Description

Address 1022 Airport Parkway, Cheyenne, WY, USA, 82001
Great Lakes Aviation Ltd is the United States based regional airline operating as an independent carrier.