Aegean Airlines (LTS:0OHY) Inventory Turnover : 22.39 (As of Dec. 2023)

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What is Aegean 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. Aegean Airlines's Cost of Goods Sold for the six months ended in Dec. 2023 was €851 Mil. Aegean Airlines's Average Total Inventories for the quarter that ended in Dec. 2023 was €38 Mil. Aegean Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aegean Airlines's Days Inventory for the six months ended in Dec. 2023 was 8.15.

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. Aegean Airlines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Aegean Airlines Inventory Turnover Historical Data

The historical data trend for Aegean 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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Aegean Airlines Inventory Turnover Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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67.61

33.88

35.08

43.67

39.90

Aegean Airlines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															24.22	21.23	26.43	17.98	22.39

Aegean Airlines Inventory Turnover Calculation

Aegean Airlines'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 )
=	1476.039	/ (	(33.717	+	40.277)	/	2 )
=	1476.039	/	36.997
=	39.90

Aegean Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	851.251	/ (	(35.766	+	40.277)	/	2 )
=	851.251	/	38.0215
=	22.39

Aegean Airlines (LTS:0OHY) 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.

Aegean Airlines's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	38.0215	/	851.251	*	365 / 2
	=	8.15

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.

Aegean Airlines's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	38.0215	/	1015.012
	=	0.04

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.

Aegean Airlines Inventory Turnover Related Terms

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Aegean Airlines (LTS:0OHY) Business Description

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AGZNF:USA AEGN:Greece 32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.

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