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Porto Aviation Group SpA (MIL:PAG) Days Inventory : 252.74 (As of Dec. 2023)


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What is Porto Aviation Group SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Porto Aviation Group SpA's Average Total Inventories for the six months ended in Dec. 2023 was €1.49 Mil. Porto Aviation Group SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €2.15 Mil. Hence, Porto Aviation Group SpA's Days Inventory for the six months ended in Dec. 2023 was 126.37.

The historical rank and industry rank for Porto Aviation Group SpA's Days Inventory or its related term are showing as below:

MIL:PAG' s Days Inventory Range Over the Past 10 Years
Min: 252.74   Med: 297.06   Max: 757.86
Current: 252.74

During the past 3 years, Porto Aviation Group SpA's highest Days Inventory was 757.86. The lowest was 252.74. And the median was 297.06.

MIL:PAG's Days Inventory is ranked worse than
75.09% of 289 companies
in the Aerospace & Defense industry
Industry Median: 139.54 vs MIL:PAG: 252.74

Porto Aviation Group SpA's Days Inventory declined from Dec. 2021 (757.86) to Dec. 2023 (252.74).

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. Porto Aviation Group SpA's Inventory Turnover for the six months ended in Dec. 2023 was 1.44.

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. Porto Aviation Group SpA's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.50.

Porto Aviation Group SpA Days Inventory Historical Data

The historical data trend for Porto Aviation Group SpA'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.

* Premium members only.

Porto Aviation Group SpA Days Inventory Chart

Porto Aviation Group SpA Annual Data
Trend Dec21 Dec22 Dec23
Days Inventory
757.86 297.06 252.74

Porto Aviation Group SpA Semi-Annual Data
Dec21 Dec22 Dec23
Days Inventory 757.86 297.06 252.74

Competitive Comparison of Porto Aviation Group SpA's Days Inventory

For the Aerospace & Defense subindustry, Porto Aviation Group SpA'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.

Porto Aviation Group SpA's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Porto Aviation Group SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Porto Aviation Group SpA's Days Inventory falls into.


Porto Aviation Group SpA Days Inventory Calculation

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

Porto Aviation Group SpA'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
=( (1.403 + 1.58) / 2 ) / 2.154*365
=1.4915 / 2.154*365
=252.74

Porto Aviation Group SpA'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.403 + 1.58) / 2 ) / 2.154*365 / 2
=1.4915 / 2.154*365 / 2
=126.37

* 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.

Porto Aviation Group SpA  (MIL:PAG) 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.

Porto Aviation Group SpA's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2.154 / 1.4915
=1.44

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.

Porto Aviation Group SpA's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.4915 / 3.009
=0.50

* 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.

Porto Aviation Group SpA Days Inventory Related Terms

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Porto Aviation Group SpA (MIL:PAG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Porto Aviation Group SpA (MIL:PAG) » Definitions » Days Inventory
Comparable Companies
MIL:OS RTX BA LMT XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150 XPAR:AM AXON TXT
Traded in Other Exchanges
M2N:Germany
Address
Via Confalonieri 22, Cremella, Lecco, ITA, 23894
Website
https://www.portoaviationgroup.com
Porto Aviation Group SpA designs, constructs, and markets single-engine aircraft. The group develops an activity of manufacturing aeronautical components, particularly propellers, propeller systems, control systems, wheels, braking systems, hydraulic components, fuel systems, aluminum alloy sections, and tubes.