Aegean Airlines (LTS:0OHY) Total Inventories : €40 Mil (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Aegean Airlines Total Inventories?

Aegean Airlines's total inventories for the quarter that ended in Dec. 2023 was €40 Mil. Aegean Airlines's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €38 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 Dec. 2023 was €-13.62.

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 Turnover measures how fast the company turns over its inventory within a year. Aegean Airlines's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.39.

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 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.

* Premium members only.

Aegean Airlines Total Inventories Chart

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

18.03

19.97

22.76

33.72

40.28

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
Total Inventories	Get a 7-Day Free Trial															22.76	22.91	33.72	35.77	40.28

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 (LTS:0OHY) 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 Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(698.183	+	0.75 * 60.624	+	0.5 * 40.277	-	1993.835
-	0	-	-1.937)	/	90.1571
=	-13.62

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 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

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 Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	851.251	/	38.0215
	=	22.39

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 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

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

Thank you for viewing the detailed overview of Aegean Airlines's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Aegean Airlines (LTS:0OHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Aegean Airlines SA (LTS:0OHY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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.

Aegean Airlines (LTS:0OHY) Headlines

No Headlines