Fly Leasing (Fly Leasing) Days Inventory : 0.00 (As of Mar. 2021)

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What is Fly Leasing Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fly Leasing's Average Total Inventories for the three months ended in Mar. 2021 was $0.0 Mil. Fly Leasing's Cost of Goods Sold for the three months ended in Mar. 2021 was $31.1 Mil. Hence, Fly Leasing's Days Inventory for the three months ended in Mar. 2021 was 0.00.

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

FLY's Days Inventory is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 141.995
* Ranked among companies with meaningful Days Inventory only.

Fly Leasing's Days Inventory stayed the same from Mar. 2020 (0.00) to Mar. 2021 (0.00).

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

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. Fly Leasing's Inventory-to-Revenue for the three months ended in Mar. 2021 was 0.00.

Fly Leasing Days Inventory Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Days Inventory Chart

Fly Leasing Annual Data

Trend

Dec11

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Dec20

Days Inventory

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Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Fly Leasing's Days Inventory

For the Aerospace & Defense subindustry, Fly Leasing'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.

Fly Leasing's Days Inventory Distribution in the Aerospace & Defense Industry

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

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

Fly Leasing Days Inventory Calculation

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

Fly Leasing's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	136.183	*	365
=	0					/	136.183	*	365
=	0.00

Fly Leasing's Days Inventory for the quarter that ended in Mar. 2021 is calculated as:

	Days Inventory (Q: Mar. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	31.071	*	365 / 4
=	0					/	31.071	*	365 / 4
=	0.00

Fly Leasing (NYSE:FLY) 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.

Fly Leasing's Inventory Turnover for the three months ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.071	/	0
	=

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.

Fly Leasing's Inventory to Revenue for the three months ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	79.973
	=	0.00

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.

Fly Leasing Days Inventory Related Terms

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Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.