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Days Inventory is also known as Days Sales of Inventory (DSI). Willis Lease Finance's Average Total Inventories for the three months ended in Dec. 2023 was $43.2 Mil. Willis Lease Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was $28.4 Mil. Hence, Willis Lease Finance's Days Inventory for the three months ended in Dec. 2023 was 138.75.
The historical rank and industry rank for Willis Lease Finance's Days Inventory or its related term are showing as below:
During the past 13 years, Willis Lease Finance's highest Days Inventory was 191.09. The lowest was 54.84. And the median was 108.61.
Willis Lease Finance's Days Inventory increased from Dec. 2022 (133.36) to Dec. 2023 (138.75). It might indicate that Willis Lease Finance's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Willis Lease Finance's Inventory Turnover for the three months ended in Dec. 2023 was 0.66.
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. Willis Lease Finance's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.38.
The historical data trend for Willis Lease Finance'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.
Willis Lease Finance Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 111.10 | 165.92 | 191.09 | 149.78 | 136.76 |
Willis Lease Finance Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 127.76 | 140.93 | 158.50 | 138.75 | 187.04 |
For the Rental & Leasing Services subindustry, Willis Lease Finance'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.
For the Business Services industry and Industrials sector, Willis Lease Finance's Days Inventory distribution charts can be found below:
* The bar in red indicates where Willis Lease Finance's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Willis Lease Finance'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 |
= | ( (38.577 | + | 40.954) | / | 2 ) | / | 106.132 | * | 365 |
= | 39.7655 | / | 106.132 | * | 365 | ||||
= | 136.76 |
Willis Lease Finance'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 |
= | ( (45.476 | + | 40.954) | / | 2 ) | / | 28.42 | * | 365 / 4 |
= | 43.215 | / | 28.42 | * | 365 / 4 | ||||
= | 138.75 |
* 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.
Willis Lease Finance (NAS:WLFC) 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.
Willis Lease Finance's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 28.42 | / | 43.215 | |
= | 0.66 |
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.
Willis Lease Finance's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 43.215 | / | 114.28 | |
= | 0.38 |
* 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.
Thank you for viewing the detailed overview of Willis Lease Finance's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Willis Charles F Iv | director, 10 percent owner, officer: Executive Chairman | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Scott B. Flaherty | officer: SVP, CFO | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Brian Richard Hole | officer: President | 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073 |
Hans Jorg Hunziker | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Austin Chandler Willis | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Rae Ann Mckeating | director | PO BOX 593, MCCALL ID 83638 |
Robert J. Keady | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Robert T Morris | director | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Dean Michael Poulakidas | officer: SVP, Gen. Counsel, Secretary | 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073 |
Anthony R. Spaulding | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Donald A Nunemaker | officer: EVP, General Mgr. Leasing | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Bradley Stewart Forsyth | officer: SVP, CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Ernest J. Furtado | officer: Interim CFO | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Coon W William Jr | director | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
Judith M Webber | officer: SVP, Technical Services | 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998 |
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