Astronics (Astronics) Days Inventory

: 116.24 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Astronics's Average Total Inventories for the three months ended in Dec. 2023 was $197.9 Mil. Astronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $155.3 Mil. Hence, Astronics's Days Inventory for the three months ended in Dec. 2023 was 116.24.

The historical rank and industry rank for Astronics's Days Inventory or its related term are showing as below:

ATRO' s Days Inventory Range Over the Past 10 Years
Min: 74.01 Med: 94.66 Max: 151.29
Current: 127.28

During the past 13 years, Astronics's highest Days Inventory was 151.29. The lowest was 74.01. And the median was 94.66.

ATRO's Days Inventory is ranked better than
54.86% of 288 companies
in the Aerospace & Defense industry
Industry Median: 138.735 vs ATRO: 127.28

Astronics's Days Inventory declined from Dec. 2022 (126.27) to Dec. 2023 (116.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Astronics's Inventory Turnover for the three months ended in Dec. 2023 was 0.79.

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. Astronics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

Astronics Days Inventory Historical Data

The historical data trend for Astronics's Days 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.

* Premium members only.

Astronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

84.20

136.22

151.29

136.10

121.94

Astronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																126.27	137.17	131.12	131.88	116.24

Competitive Comparison

For the Aerospace & Defense subindustry, Astronics's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Astronics Days Inventory Distribution

For the Aerospace & Defense industry and Industrials sector, Astronics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Astronics's Days Inventory falls into.

Astronics Days Inventory Calculation

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

Astronics's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (187.983	+	191.801)	/	2 )	/	568.41	*	365
=	189.892					/	568.41	*	365
=	121.94

Astronics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (203.9	+	191.801)	/	2 )	/	155.319	*	365 / 4
=	197.8505					/	155.319	*	365 / 4
=	116.24

Astronics (NAS:ATRO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Astronics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	155.319	/	197.8505
	=	0.79

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.

Astronics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	197.8505	/	195.292
	=	1.01

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Astronics Days Inventory Related Terms

Thank you for viewing the detailed overview of Astronics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Astronics (Astronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astronics Corp (NAS:ATRO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ATROB:USA AC1:Germany AC1:Germany

Address

130 Commerce Way, East Aurora, NY, USA, 14052

Website

https://www.astronics.com

Astronics Corp supplies products to the aerospace, defense, and other industries. The company has two reportable segments namely Aerospace and Test Systems. The aerospace segment serves three primary markets: military, commercial transport and business jet markets. Test Systems segment serves the aerospace, defense, and semiconductor markets. The company generates a majority of its revenue from the Aerospace segment. Geographically, it generates a majority of its revenue from the United States.

Executives

Robert S Keane	director, 10 percent owner	CIMPRESS PLC, 275 WYMAN STREET, WALTHAM MA 02451
Linda O'brien	director	6124 FOREST HIGHLANDS DR., FORT WORTH TX 76132
Warren C Johnson	director	P.O. BOX 189, 13133 BEAR ROAD, WALES CENTER NY 14169
Nancy L Hedges	officer: Principal Accounting Officer	130 COMMERCE WAY, EAST AURORA NY 14052
Jeffry D Frisby	director	C/O QUAKER CHEMICAL CORPORATION, ONE QUAKER PARK, 901 HECTOR STREET, CONSHOHOCKEN PA 19428
James Mulato	other: Pres Astronics Test Systems	4 GOODYEAR, IRVINE CA 92677
Mark Peabody	officer: VP Astronics Advanced Electron	130 COMMERCE WAY, EAST AURORA NY 14052
Tonit M Calaway	director	HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
David C Burney	officer: VP-Finance, Treasurer	130 COMMERCE WAY, EAST AURORA NY 14052
Michael C Kuehn	officer: Executive Vice President	130 COMMERCE WAY, EAST AURORA NY 14052
Mark J Moran	director	1600 SMITH STREET, HQSEO, HOUSTON TX 77002
James S Kramer	officer: VP Luminescent Systems, Inc.	130 COMMERCE WAY, EAST AURORA NY 14052
Peter J Gundermann	director	130 COMMERCE WAY, EAST AURORA NY 14052
Robert J Mckenna	director	38 QUARTERMASTER DRIVE, SALEM SC 29676
5096 Saranac Llc	10 percent owner	1801 ELMWOOD AVENUE, SUITE 1, BUFFALO NY 14207-2463