GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Spirit AeroSystems Holdings Inc (STU:S9Q) » Definitions » Inventory-to-Revenue

Spirit AeroSystems Holdings (STU:S9Q) Inventory-to-Revenue : 1.05 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is Spirit AeroSystems Holdings Inventory-to-Revenue?

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. Spirit AeroSystems Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €1,637 Mil. Spirit AeroSystems Holdings's Revenue for the three months ended in Mar. 2024 was €1,567 Mil. Spirit AeroSystems Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Spirit AeroSystems Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.96) to Dec. 2023 (1.05)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spirit AeroSystems Holdings's Days Inventory for the three months ended in Mar. 2024 was 75.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spirit AeroSystems Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.20.


Spirit AeroSystems Holdings Inventory-to-Revenue Historical Data

The historical data trend for Spirit AeroSystems Holdings's Inventory-to-Revenue 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.

Spirit AeroSystems Holdings Inventory-to-Revenue Chart

Spirit AeroSystems Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.39 0.34 0.28 0.27

Spirit AeroSystems Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.17 1.15 0.96 1.05

Competitive Comparison of Spirit AeroSystems Holdings's Inventory-to-Revenue

For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Spirit AeroSystems Holdings's Inventory-to-Revenue Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Spirit AeroSystems Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Spirit AeroSystems Holdings's Inventory-to-Revenue falls into.



Spirit AeroSystems Holdings Inventory-to-Revenue Calculation

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.

Spirit AeroSystems Holdings's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (1388.341 + 1620.614) / 2 ) / 5545.924
=1504.4775 / 5545.924
=0.27

Spirit AeroSystems Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue (Q: Mar. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Revenue (Q: Mar. 2024 )
=( (1620.614 + 1653.7) / 2 ) / 1566.576
=1637.157 / 1566.576
=1.05

* 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.


Spirit AeroSystems Holdings  (STU:S9Q) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Spirit AeroSystems Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=1637.157/1967.236*365 / 4
=75.94

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

Spirit AeroSystems Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=1967.236 / 1637.157
=1.20

* 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.


Spirit AeroSystems Holdings Inventory-to-Revenue Related Terms

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


Spirit AeroSystems Holdings (STU:S9Q) Business Description

Traded in Other Exchanges
Address
3801 South Oliver Street, Wichita, KS, USA, 67210
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Spirit AeroSystems Holdings (STU:S9Q) Headlines

No Headlines