Willis Lease Finance (FRA:WIJ) Inventory Turnover : 0.49 (As of Mar. 2024)

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What is Willis Lease Finance 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. Willis Lease Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was €28.3 Mil. Willis Lease Finance's Average Total Inventories for the quarter that ended in Mar. 2024 was €58.0 Mil. Willis Lease Finance's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Willis Lease Finance's Days Inventory for the three months ended in Mar. 2024 was 186.84.

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. Willis Lease Finance's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Willis Lease Finance Inventory Turnover Historical Data

The historical data trend for Willis Lease Finance'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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Willis Lease Finance Inventory Turnover Chart

Willis Lease Finance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.33

2.12

1.99

2.53

2.63

Willis Lease Finance 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															0.81	0.64	0.58	0.65	0.49

Willis Lease Finance Inventory Turnover Calculation

Willis Lease Finance'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 )
=	97.323	/ (	(36.417	+	37.555)	/	2 )
=	97.323	/	36.986
=	2.63

Willis Lease Finance'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 )
=	28.303	/ (	(37.555	+	78.352)	/	2 )
=	28.303	/	57.9535
=	0.49

Willis Lease Finance (FRA:WIJ) 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.

Willis Lease Finance'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
	=	57.9535	/	28.303	*	365 / 4
	=	186.84

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.

Willis Lease Finance'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 )
	=	57.9535	/	109.556
	=	0.53

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.

Willis Lease Finance Inventory Turnover Related Terms

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Willis Lease Finance (FRA:WIJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Willis Lease Finance Corp (FRA:WIJ) » Definitions » Inventory Turnover

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WLFC:USA

Address

4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073

Website

https://www.willislease.com

Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.

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