Pakistan International Airlines (KAR:PIAA) Inventory Turnover : 14.68 (As of Jun. 2023)

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What is Pakistan International Airlines 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. Pakistan International Airlines's Cost of Goods Sold for the three months ended in Jun. 2023 was ₨55,396 Mil. Pakistan International Airlines's Average Total Inventories for the quarter that ended in Jun. 2023 was ₨3,772 Mil. Pakistan International Airlines's Inventory Turnover for the quarter that ended in Jun. 2023 was 14.68.

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 three months ended in Jun. 2023 was 6.21.

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 quarter that ended in Jun. 2023 was 0.06.

Pakistan International Airlines Inventory Turnover Historical Data

The historical data trend for Pakistan International Airlines'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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Pakistan International Airlines Inventory Turnover Chart

Pakistan International Airlines Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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37.05

39.92

29.86

32.58

54.93

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
Inventory Turnover	Get a 7-Day Free Trial															12.82	13.07	14.47	15.25	14.68

Pakistan International Airlines Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	179307.128	/ (	(2949.352	+	3578.798)	/	2 )
=	179307.128	/	3264.075
=	54.93

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	55395.938	/ (	(3593.786	+	3950.965)	/	2 )
=	55395.938	/	3772.3755
=	14.68

Pakistan International Airlines (KAR:PIAA) 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.

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

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

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 quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3772.3755	/	65853.786
	=	0.06

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.

Pakistan International Airlines Inventory Turnover Related Terms

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Pakistan International Airlines (KAR:PIAA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pakistan International Airlines Corp Ltd (KAR:PIAA) » Definitions » Inventory Turnover

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PIAB:Pakistan

Address

PIA Building, Jinnah International Airport, Karachi, PAK, 75200

Website

https://www.piac.com.pk

Pakistan International Airlines Corp Ltd provides commercial air transportation services. It includes passenger, cargo postal carriage, engineering, and other services.

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