International Consolidated Airlines Group (LSE:IAG) Inventory Turnover : 11.46 (As of Sep. 2024)

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What is International Consolidated Airlines Group 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. International Consolidated Airlines Group's Cost of Goods Sold for the three months ended in Sep. 2024 was £5,701 Mil. International Consolidated Airlines Group's Average Total Inventories for the quarter that ended in Sep. 2024 was £497 Mil. International Consolidated Airlines Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 11.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. International Consolidated Airlines Group's Days Inventory for the three months ended in Sep. 2024 was 7.96.

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. International Consolidated Airlines Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.06.

International Consolidated Airlines Group Inventory Turnover Historical Data

The historical data trend for International Consolidated Airlines Group'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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International Consolidated Airlines Group Inventory Turnover Chart

International Consolidated Airlines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.35

30.31

26.78

55.85

53.52

International Consolidated Airlines Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															15.61	10.46	11.62	11.04	11.46

International Consolidated Airlines Group Inventory Turnover Calculation

International Consolidated Airlines Group'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 )
=	19604.406	/ (	(307.005	+	425.583)	/	2 )
=	19604.406	/	366.294
=	53.52

International Consolidated Airlines Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	5701.465	/ (	(497.49	+	0)	/	1 )
=	5701.465	/	497.49
=	11.46

International Consolidated Airlines Group (LSE:IAG) 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.

International Consolidated Airlines Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	497.49	/	5701.465	*	365 / 4
	=	7.96

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.

International Consolidated Airlines Group's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	497.49	/	7827.663
	=	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.

International Consolidated Airlines Group Inventory Turnover Related Terms

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International Consolidated Airlines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Consolidated Airlines Group SA (LSE:IAG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

ICAGY:USA BABWF:USA 1IAG:Italy IAGl:UK IAG:Spain INR:Germany IAG:Austria

Address

El Caserio, Iberia Zona Industrial No. 2, Camino de La Munoza, s/n, Madrid, ESP, 28042

Website

https://www.iairgroup.com

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom. The group has determined its operating segments as British Airways, Iberia, Vueling, Aer Lingus and IAG Loyalty.