Signature Aviation (LSE:77GE.PFD) Inventory Turnover : 16.77 (As of Dec. 2020)

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What is Signature Aviation Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Signature Aviation's Cost of Goods Sold for the six months ended in Dec. 2020 was £414.63 Mil. Signature Aviation's Average Total Inventories for the quarter that ended in Dec. 2020 was £24.72 Mil. Signature Aviation's Inventory Turnover for the quarter that ended in Dec. 2020 was 16.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Signature Aviation's Days Inventory for the six months ended in Dec. 2020 was 10.88.

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. Signature Aviation's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.05.

Signature Aviation Inventory Turnover Historical Data

The historical data trend for Signature Aviation's Inventory Turnover 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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Signature Aviation Inventory Turnover Chart

Signature Aviation Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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7.87

5.82

10.05

22.32

29.31

Signature Aviation Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Inventory Turnover	Get a 7-Day Free Trial															8.66	7.36	9.99	17.43	16.77

Signature Aviation Inventory Turnover Calculation

Signature Aviation's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	875.688	/ (	(33.572	+	26.189)	/	2 )
=	875.688	/	29.8805
=	29.31

Signature Aviation's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	414.631	/ (	(23.251	+	26.189)	/	2 )
=	414.631	/	24.72
=	16.77

Signature Aviation (LSE:77GE.PFD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Signature Aviation's Days Inventory for the six months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	24.72	/	414.631	*	365 / 2
	=	10.88

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.

Signature Aviation's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	24.72	/	529.133
	=	0.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Signature Aviation Inventory Turnover Related Terms

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Signature Aviation (LSE:77GE.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Signature Aviation PLC (LSE:77GE.PFD) » Definitions » Inventory Turnover

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Address

105 Wigmore Street, London, GBR, W1U 1QY

Website

https://www.signatureaviation.com

Signature Aviation is a United Kingdom-based global aviation support and aftermarket services provider that focuses on servicing the business and general aviation market. The group, including Signature FBO, TechnicAir, and Epic fuels, provides full-service flight and home-base support through the fixed-base operation network for business and general aviation users. The company operates through three segments: owner operators, fractional owner operators, and charter operators. Epic provides fuel and fuel-related services at fixed-base networks across North America, including fuel purchasing cards and transaction processing. The company generates most of its revenue in North America.

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