Air Astana JSC (FRA:7YH) Inventory Turnover : 2.43 (As of Mar. 2024)

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What is Air Astana JSC 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. Air Astana JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was €157.8 Mil. Air Astana JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was €64.9 Mil. Air Astana JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Astana JSC's Days Inventory for the three months ended in Mar. 2024 was 37.54.

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. Air Astana JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Air Astana JSC Inventory Turnover Historical Data

The historical data trend for Air Astana JSC'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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Air Astana JSC Inventory Turnover Chart

Air Astana JSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.76

9.74

11.57

11.18

Air Astana JSC Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			3.01	3.05	3.28	2.23	2.43

Air Astana JSC Inventory Turnover Calculation

Air Astana JSC'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 )
=	603.41	/ (	(46.089	+	61.868)	/	2 )
=	603.41	/	53.9785
=	11.18

Air Astana JSC'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 )
=	157.789	/ (	(61.868	+	67.964)	/	2 )
=	157.789	/	64.916
=	2.43

Air Astana JSC (FRA:7YH) 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.

Air Astana JSC'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
	=	64.916	/	157.789	*	365 / 4
	=	37.54

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.

Air Astana JSC'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 )
	=	64.916	/	241.391
	=	0.27

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.

Air Astana JSC Inventory Turnover Related Terms

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Air Astana JSC (FRA:7YH) Business Description

Industry

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Traded in Other Exchanges

AIRA:Kazakhstan AIRAl:UK AIRA:UK

Address

4A Zakarpatskaya Street, Turksib District, Almaty, KAZ, 010000

Website

https://www.airastana.com

Air Astana JSC is an airline company. It provides scheduled, point-to-point and transit, short-haul and long-haul air travel and cargo on domestic, intra-regional, and international routes across Central Asia, the Caucasus, Europe (including Turkey), the Middle East and Asia (including India and China) and has a fleet of 47 aircraft. The company group has two operating segments, Air Astana and FlyArystan. Air Astana's activities consist of mainly domestic and international passenger and cargo air transportation as a full-service brand. Fly Arystan activities consist of mainly domestic and international passenger and cargo air transportation as a low-cost brand. Maximum revenue is generated from the Air Astana segment.

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