PJET (Priority Aviation) Days Inventory: (As of Dec. 2022)

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What is Priority Aviation Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Priority Aviation's Average Total Inventories for the three months ended in Dec. 2022 was $0.00 Mil. Priority Aviation's Cost of Goods Sold for the three months ended in Dec. 2022 was $0.01 Mil. Hence, Priority Aviation's Days Inventory for the three months ended in Dec. 2022 was 0.00.

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

PJET's Days Inventory is not ranked *
in the Drug Manufacturers industry.
Industry Median: 165.34
* Ranked among companies with meaningful Days Inventory only.

Priority Aviation's Days Inventory stayed the same from Dec. 2021 () to Dec. 2022 ().

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Priority Aviation  (OTCPK:PJET) 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.

Priority Aviation's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=0.007898 / 0
=

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.

Priority Aviation's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 0
=

* 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.

Priority Aviation Days Inventory Related Terms

Priority Aviation Days Inventory Historical Data

* Premium members only.

The historical data trend for Priority 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.

Priority Aviation Days Inventory Chart

Priority Aviation Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Days Inventory
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Priority Aviation Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 - - - - -

PJET vs PHIIQ, SKAS: Days Inventory Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Priority 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.

Priority Aviation Days Inventory vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Priority Aviation's Days Inventory distribution charts can be found below:

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


Priority Aviation Days Inventory Calculation

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

Priority Aviation'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
=( (0 + 0) / 1 ) / 0.031592*365
=0 / 0.031592*365
=0.00

Priority Aviation's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (0 + 0) / 1 ) / 0.007898*365 / 4
=0 / 0.007898*365 / 4
=0.00

* 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.

Priority Aviation Business Description

Address 14333 Preston Road, Suite 904, Dallas, TX, USA, 75254
Priority Aviation Inc is working to develop the business model acquired from THC - designer bong waters. The Company is also marketing the waters to a variety of wholesale and retail outlets.