Heico (HEI.A) Change In Inventory : $-123 Mil (TTM As of Jan. 2024)

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What is Heico Change In Inventory?

Heico's change in inventory for the quarter that ended in Jan. 2024 was $-50 Mil. It means Heico's inventory increased by $50 Mil from Oct. 2023 to Jan. 2024 .

Heico's change in inventory for the fiscal year that ended in Oct. 2023 was $-125 Mil. It means Heico's inventory increased by $125 Mil from Oct. 2022 to Oct. 2023 .

Heico's Total Inventories for the quarter that ended in Jan. 2024 was $1,069 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heico's Days Inventory for the quarter that ended in Jan. 2024 was 172.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Heico's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.53.

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. Heico's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.16.

Heico Change In Inventory Historical Data

The historical data trend for Heico's Change In Inventory 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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Heico Change In Inventory Chart

Heico Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

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-30.08

-28.32

-10.12

-89.19

-124.78

Heico Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															-52.04	-23.21	-11.43	-38.10	-49.85

Heico Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-123 Mil.

Heico (NYSE:HEI.A) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Heico's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1041.2075	/	549.594	*	365 / 4
	=	172.87

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

Heico's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	549.594	/	1041.2075
	=	0.53

3. 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.

Heico's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1041.2075	/	896.363
	=	1.16

Heico Change In Inventory Related Terms

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Heico (HEI.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Heico Corp (NYSE:HEI.A) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

HEI:USA HC1A:Germany HC1:Germany HC1:Germany

Address

3000 Taft Street, Hollywood, FL, USA, 33021

Website

https://www.heico.com

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.