AGZNF (Aegean Airlines) Total Inventories : $48 Mil (As of Jun. 2024)

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What is Aegean Airlines Total Inventories?

Aegean Airlines's total inventories for the quarter that ended in Jun. 2024 was $48 Mil. Aegean Airlines's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $46 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Aegean Airlines's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-18.36.

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 Jun. 2024 was 11.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aegean Airlines's Inventory Turnover for the quarter that ended in Jun. 2024 was 16.40.

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 Jun. 2024 was 0.06.

Aegean Airlines Total Inventories Historical Data

The historical data trend for Aegean Airlines's Total Inventories 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 Total Inventories Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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20.03

24.30

25.72

35.72

43.92

Aegean Airlines Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															24.22	35.72	38.75	43.92	47.89

Aegean Airlines Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Aegean Airlines (OTCPK:AGZNF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Aegean Airlines's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(845.587	+	0.75 * 105.773	+	0.5 * 47.888	-	2594.114
-	0	-	0)	/	89.601
=	-18.36

2. 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 Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	45.9055	/	752.682	*	365 / 2
	=	11.13

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Aegean Airlines's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	752.682	/	45.9055
	=	16.40

4. 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 Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	45.9055	/	806.353
	=	0.06

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Aegean Airlines Total Inventories Related Terms

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Aegean Airlines Business Description

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AEGN:Greece 0OHY:UK 32A:Germany

Address

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

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.