Chorus Aviation (FRA:1H0) Inventory Turnover : 1.96 (As of Mar. 2024)

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What is Chorus Aviation Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Chorus Aviation's Cost of Goods Sold for the three months ended in Mar. 2024 was €220 Mil. Chorus Aviation's Average Total Inventories for the quarter that ended in Mar. 2024 was €112 Mil. Chorus Aviation's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chorus Aviation's Days Inventory for the three months ended in Mar. 2024 was 46.67.

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. Chorus Aviation's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Chorus Aviation Inventory Turnover Historical Data

The historical data trend for Chorus Aviation's Inventory Turnover 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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Chorus Aviation Inventory Turnover Chart

Chorus Aviation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.48

9.77

10.79

12.36

7.69

Chorus Aviation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.56	2.54	2.77	1.99	1.96

Chorus Aviation Inventory Turnover Calculation

Chorus Aviation's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	847.195	/ (	(79.092	+	141.168)	/	2 )
=	847.195	/	110.13
=	7.69

Chorus Aviation's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	219.919	/ (	(141.168	+	83.764)	/	2 )
=	219.919	/	112.466
=	1.96

Chorus Aviation (FRA:1H0) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Chorus Aviation's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	112.466	/	219.919	*	365 / 4
	=	46.67

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.

Chorus Aviation's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	112.466	/	289.664
	=	0.39

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Chorus Aviation Inventory Turnover Related Terms

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Chorus Aviation (FRA:1H0) Business Description

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CHRRF:USA CHR:Canada

Address

3 Spectacle Lake Drive, Suite 380, Dartmouth, NS, CAN, B3B 1W8

Website

https://www.chorusaviation.com

Chorus Aviation Inc is a Canadian holding company. It aims to deliver regional aviation to the world through its businesses. It specializes in contract flying, maintenance, repair and overhaul, and aircraft leasing solutions. The company operates in two segments namely, the Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair, and overhaul services that are carried on by both Jazz and Voyageur, and the Regional Aircraft Leasing segment leases aircraft to third parties through its wholly-owned subsidiary Chorus Aviation Capital Corp. It generates maximum revenue from the Regional Aviation Services segment.

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