Cirrus Aircraft (HKSE:02507) Days Inventory : 71.39 (As of Dec. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Cirrus Aircraft Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cirrus Aircraft's Average Total Inventories for the six months ended in Dec. 2024 was HK$1,434 Mil. Cirrus Aircraft's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$3,666 Mil. Hence, Cirrus Aircraft's Days Inventory for the six months ended in Dec. 2024 was 71.39.

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

HKSE:02507' s Days Inventory Range Over the Past 10 Years
Min: 64.18 Med: 67.99 Max: 78.14
Current: 78.14

During the past 4 years, Cirrus Aircraft's highest Days Inventory was 78.14. The lowest was 64.18. And the median was 67.99.

HKSE:02507's Days Inventory is ranked better than
73.97% of 292 companies
in the Aerospace & Defense industry
Industry Median: 139.595 vs HKSE:02507: 78.14

Cirrus Aircraft's Days Inventory increased from Dec. 2023 (57.70) to Dec. 2024 (71.39). It might indicate that Cirrus Aircraft's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cirrus Aircraft's Inventory Turnover for the six months ended in Dec. 2024 was 2.56.

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. Cirrus Aircraft's Inventory-to-Revenue for the six months ended in Dec. 2024 was 0.26.

Cirrus Aircraft Days Inventory Historical Data

The historical data trend for Cirrus Aircraft'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.

Cirrus Aircraft Days Inventory Chart

Cirrus Aircraft Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Inventory

74.13

65.50

64.18

70.47

Cirrus Aircraft Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Days Inventory	Get a 7-Day Free Trial			-	73.91	57.70	98.07	71.39

Competitive Comparison of Cirrus Aircraft's Days Inventory

For the Aerospace & Defense subindustry, Cirrus Aircraft'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.

Cirrus Aircraft's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cirrus Aircraft's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cirrus Aircraft's Days Inventory falls into.

Save Embed

;

Save Embed

;

Cirrus Aircraft Days Inventory Calculation

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

Cirrus Aircraft's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1050.934	+	1300.902)	/	2 )	/	6091.104	*	365
=	1175.918					/	6091.104	*	365
=	70.47

Cirrus Aircraft's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1567.42	+	1300.902)	/	2 )	/	3666.231	*	365 / 2
=	1434.161					/	3666.231	*	365 / 2
=	71.39

Cirrus Aircraft (HKSE:02507) 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.

Cirrus Aircraft's Inventory Turnover for the six months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3666.231	/	1434.161
	=	2.56

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.

Cirrus Aircraft's Inventory to Revenue for the six months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1434.161	/	5610.428
	=	0.26

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.

Cirrus Aircraft Days Inventory Related Terms

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

Cirrus Aircraft Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cirrus Aircraft Ltd (HKSE:02507) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4515 Taylor Circle, Duluth, MN, USA, 55811

Website

Cirrus Aircraft Ltd is engaged in aviation industry. It design, develop, manufacture, and sell premium aircraft such as SR2X Series ( SR20, SR22, SR22T) and the Vision Jet. The company generate maximum revenue from North America, Europe and Others (Africa, Asia, Australia, and Latin America).

Executives

Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Caiga (hong Kong) Limited	2101 Beneficial owner
China Aviation Industry General Aircraft Co., Ltd.	2201 Interest of corporation controlled by you

Cirrus Aircraft Headlines

No Headlines