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Pakistan International Airlines (KAR:PIAA) Days Inventory : 6.21 (As of Jun. 2023)


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What is Pakistan International Airlines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pakistan International Airlines's Average Total Inventories for the three months ended in Jun. 2023 was ₨3,772 Mil. Pakistan International Airlines's Cost of Goods Sold for the three months ended in Jun. 2023 was ₨55,396 Mil. Hence, Pakistan International Airlines's Days Inventory for the three months ended in Jun. 2023 was 6.21.

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

KAR:PIAA' s Days Inventory Range Over the Past 10 Years
Min: 6.37   Med: 10.53   Max: 12.22
Current: 6.37

During the past 13 years, Pakistan International Airlines's highest Days Inventory was 12.22. The lowest was 6.37. And the median was 10.53.

KAR:PIAA's Days Inventory is ranked better than
65.46% of 773 companies
in the Transportation industry
Industry Median: 11.42 vs KAR:PIAA: 6.37

Pakistan International Airlines's Days Inventory declined from Jun. 2022 (7.12) to Jun. 2023 (6.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pakistan International Airlines's Inventory Turnover for the three months ended in Jun. 2023 was 14.68.

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. Pakistan International Airlines's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.06.


Pakistan International Airlines Days Inventory Historical Data

The historical data trend for Pakistan International 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.

* Premium members only.

Pakistan International Airlines Days Inventory Chart

Pakistan International Airlines Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.85 9.14 12.22 11.20 6.64

Pakistan International Airlines Quarterly Data
Jun18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 7.12 6.98 6.31 5.98 6.21

Competitive Comparison of Pakistan International Airlines's Days Inventory

For the Airlines subindustry, Pakistan International 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.


Pakistan International Airlines's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where Pakistan International Airlines's Days Inventory falls into.



Pakistan International Airlines Days Inventory Calculation

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

Pakistan International Airlines's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (2949.352 + 3578.798) / 2 ) / 179307.128*365
=3264.075 / 179307.128*365
=6.64

Pakistan International Airlines's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (3593.786 + 3950.965) / 2 ) / 55395.938*365 / 4
=3772.3755 / 55395.938*365 / 4
=6.21

* 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.


Pakistan International Airlines  (KAR:PIAA) 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.

Pakistan International Airlines'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.

Pakistan International Airlines's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=3772.3755 / 65853.786
=0.06

* 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.


Pakistan International Airlines Days Inventory Related Terms

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


Pakistan International Airlines (KAR:PIAA) Business Description

Traded in Other Exchanges
Address
PIA Building, Jinnah International Airport, Karachi, PAK, 75200
Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

Pakistan International Airlines (KAR:PIAA) Headlines

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