Ryanair Holdings (Ryanair Holdings) Days Inventory

: 0.21 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Ryanair Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $6 Mil. Ryanair Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,795 Mil. Hence, Ryanair Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.21.

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

RYAAY' s Days Inventory Range Over the Past 10 Years
Min: 0.17 Med: 0.23 Max: 0.56
Current: 0.28

During the past 13 years, Ryanair Holdings's highest Days Inventory was 0.56. The lowest was 0.17. And the median was 0.23.

RYAAY's Days Inventory is ranked better than
97.95% of 781 companies
in the Transportation industry
Industry Median: 11.52 vs RYAAY: 0.28

Ryanair Holdings's Days Inventory increased from Sep. 2022 (0.17) to Dec. 2023 (0.21). It might indicate that Ryanair Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ryanair Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 435.22.

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. Ryanair Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Ryanair Holdings Days Inventory Historical Data

The historical data trend for Ryanair Holdings'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.

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Ryanair Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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0.21

0.17

0.54

0.32

0.22

Ryanair Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															0.17	0.20	0.26	0.18	0.21

Competitive Comparison

For the Airlines subindustry, Ryanair Holdings'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.

Ryanair Holdings Days Inventory Distribution

For the Transportation industry and Industrials sector, Ryanair Holdings's Days Inventory distribution charts can be found below:

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

Ryanair Holdings Days Inventory Calculation

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

Ryanair Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.736	+	6.424)	/	2 )	/	9156.531	*	365
=	5.58					/	9156.531	*	365
=	0.22

Ryanair Holdings'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
=	( (6.083	+	6.761)	/	2 )	/	2794.983	*	365 / 4
=	6.422					/	2794.983	*	365 / 4
=	0.21

Ryanair Holdings (NAS:RYAAY) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2794.983	/	6.422
	=	435.22

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.422	/	2942.966
	=	0.00

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.

Ryanair Holdings Days Inventory Related Terms

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

Ryanair Holdings (Ryanair Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ryanair Holdings PLC (NAS:RYAAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RYAOF:USA RYAAY:Mexico RYA:Ireland 0RYAl:UK 0RYA:UK RY4C:Germany RY4D:Germany RY4C:Germany RY4D:Germany RY4C:Germany R1YA34:Brazil

Address

Airside Business Park, Swords, Dublin, IRL, K67 NY94

Website

https://www.ryanair.com

Ryanair Holdings PLC is the leading airline group by passenger numbers in Europe. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul intra-European routes. In 2020, the most recent pre-pandemic fiscal year, the company carried 149 million passengers, utilizing a fleet of 467 Boeing 737 aircraft across its 1,800 routes. To keep costs low the company serves predominantly lower-cost secondary airports. The company generated sales of EUR 8.5 billion in fiscal 2020.