Aerowash AB (XSAT:AERW B) Days Inventory : 172.14 (As of Mar. 2024)

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What is Aerowash AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aerowash AB's Average Total Inventories for the three months ended in Mar. 2024 was kr10.01 Mil. Aerowash AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr5.31 Mil. Hence, Aerowash AB's Days Inventory for the three months ended in Mar. 2024 was 172.14.

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

XSAT:AERW B' s Days Inventory Range Over the Past 10 Years
Min: 21.4 Med: 369.92 Max: 4557.9
Current: 405.69

During the past 7 years, Aerowash AB's highest Days Inventory was 4557.90. The lowest was 21.40. And the median was 369.92.

XSAT:AERW B's Days Inventory is ranked worse than
87.89% of 289 companies
in the Aerospace & Defense industry
Industry Median: 142.68 vs XSAT:AERW B: 405.69

Aerowash AB's Days Inventory increased from Dec. 2022 (0.00) to Mar. 2024 (172.14). It might indicate that Aerowash AB's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aerowash AB's Inventory Turnover for the three months ended in Mar. 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. Aerowash AB's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.65.

Aerowash AB Days Inventory Historical Data

The historical data trend for Aerowash AB'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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Aerowash AB Days Inventory Chart

Aerowash AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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21.40

369.92

4,557.90

Aerowash AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	16,387.47	578.54	388.66	172.14

Competitive Comparison of Aerowash AB's Days Inventory

For the Aerospace & Defense subindustry, Aerowash AB'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.

Aerowash AB's Days Inventory Distribution in the Aerospace & Defense Industry

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

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

Aerowash AB Days Inventory Calculation

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

Aerowash AB's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (9.159	+	10.671)	/	2 )	/	0.794	*	365
=	9.915					/	0.794	*	365
=	4,557.90

Aerowash AB'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11.143	+	8.872)	/	2 )	/	5.305	*	365 / 4
=	10.0075					/	5.305	*	365 / 4
=	172.14

Aerowash AB (XSAT:AERW B) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.305	/	10.0075
	=	0.53

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.0075	/	15.316
	=	0.65

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.

Aerowash AB Days Inventory Related Terms

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

Aerowash AB (XSAT:AERW B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerowash AB (XSAT:AERW B) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hammarby Fabriksvag 23, Stockholm, SWE, 120 30

Website

https://www.aerowash.com

Aerowash AB offers automated washing solutions and services for the aviation industry. It offers various semi-automated washing robots for external cleaning of narrow or wide body aircrafts. Its product portfolio includes AW 8, AW 12 and Aerowash Eco.

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