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Redwire (Redwire) Days Inventory : 1.96 (As of Mar. 2024)


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What is Redwire Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Redwire's Average Total Inventories for the three months ended in Mar. 2024 was $1.6 Mil. Redwire's Cost of Goods Sold for the three months ended in Mar. 2024 was $73.0 Mil. Hence, Redwire's Days Inventory for the three months ended in Mar. 2024 was 1.96.

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

RDW' s Days Inventory Range Over the Past 10 Years
Min: 1.72   Med: 2.93   Max: 2.99
Current: 2.56

During the past 4 years, Redwire's highest Days Inventory was 2.99. The lowest was 1.72. And the median was 2.93.

RDW's Days Inventory is ranked better than
99.31% of 289 companies
in the Aerospace & Defense industry
Industry Median: 141.95 vs RDW: 2.56

Redwire's Days Inventory declined from Mar. 2023 (3.07) to Mar. 2024 (1.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. Redwire's Inventory Turnover for the three months ended in Mar. 2024 was 46.65.

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. Redwire's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.02.


Redwire Days Inventory Historical Data

The historical data trend for Redwire'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.

Redwire Days Inventory Chart

Redwire Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
- 1.72 2.99 2.93

Redwire Quarterly Data
Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.07 2.82 2.98 2.77 1.96

Competitive Comparison of Redwire's Days Inventory

For the Aerospace & Defense subindustry, Redwire'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.


Redwire's Days Inventory Distribution in the Aerospace & Defense Industry

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

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



Redwire Days Inventory Calculation

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

Redwire'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
=( (1.469 + 1.516) / 2 ) / 185.831*365
=1.4925 / 185.831*365
=2.93

Redwire's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1.516 + 1.612) / 2 ) / 72.967*365 / 4
=1.564 / 72.967*365 / 4
=1.96

* 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.


Redwire  (NYSE:RDW) 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.

Redwire's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Redwire's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Redwire Days Inventory Related Terms

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


Redwire (Redwire) Business Description

Traded in Other Exchanges
N/A
Address
8226 Philips Highway, Suite 101, Jacksonville, FL, USA, 32256
Redwire Corp is engaged in mission-critical space solutions and reliable components for the next generation space economy, with IP for solar power generation and in-space 3D printing and manufacturing. It assists its customers in solving the complex challenges of future space missions. Its operating units are organized into broad business areas focusing on space commercialization, digitally engineered spacecraft, on-orbit servicing, assembly, and manufacturing, advanced sensors and components, and space domain awareness and resiliency.
Executives
Chris Edmunds officer: Chief Accounting Officer C/O REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Jonathan Baliff director, officer: President and CFO 211 CARNEGIE CENTER, PRINCETON NJ 08540
Ae Industrial Partners Fund Ii Gp, Lp 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
M. David Kornblatt director 1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Leslie B Daniels director 540 MADISON, 22ND FLOOR, NEW YORK NY 10022
John S Bolton director GENESIS PARK HOLDINGS, 2000 EDWARDS STREET, SUITE B, HOUSTON TX 77007
Michael J Bevacqua director SANKATY ADVISORS, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Credit Member, Llc 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Bcc Redwire Aggregator, L.p. 10 percent owner 200 CLARENDON STREET, BOSTON MA 02116
Ae Industrial Partners Structured Solutions I Gp, Lp director, 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Ae Industrial Partners Structured Solutions I, Lp director, 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Michael Robert Greene 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Ae Red Holdings, Llc 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431
Andrew Rush officer: President and COO REDWIRE CORPORATION, 8226 PHILIPS HIGHWAY, SUITE 101, JACKSONVILLE FL 32256
Aeroequity Gp, Llc 10 percent owner 2500 N. MILITARY TRAIL, SUITE 470, BOCA RATON FL 33431