Alabama Aircraft Industries (Alabama Aircraft Industries) Inventory Turnover : 2.71 (As of Dec. 2008)

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What is Alabama Aircraft Industries 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. Alabama Aircraft Industries's Cost of Goods Sold for the three months ended in Dec. 2008 was $12.80 Mil. Alabama Aircraft Industries's Average Total Inventories for the quarter that ended in Dec. 2008 was $4.72 Mil. Alabama Aircraft Industries's Inventory Turnover for the quarter that ended in Dec. 2008 was 2.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alabama Aircraft Industries's Days Inventory for the three months ended in Dec. 2008 was 33.62.

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. Alabama Aircraft Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2008 was 0.32.

Alabama Aircraft Industries Inventory Turnover Historical Data

The historical data trend for Alabama Aircraft Industries'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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Alabama Aircraft Industries Inventory Turnover Chart

Alabama Aircraft Industries Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Inventory Turnover

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7.22

6.04

6.10

8.24

8.03

Alabama Aircraft Industries Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08
Inventory Turnover	Get a 7-Day Free Trial															1.94	2.30	1.71	1.47	2.71

Alabama Aircraft Industries Inventory Turnover Calculation

Alabama Aircraft Industries's Inventory Turnover for the fiscal year that ended in Dec. 2008 is calculated as

	Inventory Turnover (A: Dec. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2008 )	/ (	(Total Inventories (A: Dec. 2007 )	+	Total Inventories (A: Dec. 2008 ))	/	count )
=	45.81	/ (	(6.317	+	5.092)	/	2 )
=	45.81	/	5.7045
=	8.03

Alabama Aircraft Industries's Inventory Turnover for the quarter that ended in Dec. 2008 is calculated as

	Inventory Turnover (Q: Dec. 2008 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2008 )	/ (	(Total Inventories (Q: Sep. 2008 )	+	Total Inventories (Q: Dec. 2008 ))	/	count )
=	12.797	/ (	(4.339	+	5.092)	/	2 )
=	12.797	/	4.7155
=	2.71

Alabama Aircraft Industries (OTCPK:AAIIQ) 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.

Alabama Aircraft Industries's Days Inventory for the three months ended in Dec. 2008 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2008 )	/	Cost of Goods Sold (Q: Dec. 2008 )	*	Days in Period
	=	4.7155	/	12.797	*	365 / 4
	=	33.62

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.

Alabama Aircraft Industries's Inventory to Revenue for the quarter that ended in Dec. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2008 )	/	Revenue (Q: Dec. 2008 )
	=	4.7155	/	14.607
	=	0.32

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.

Alabama Aircraft Industries Inventory Turnover Related Terms

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Alabama Aircraft Industries (Alabama Aircraft Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Alabama Aircraft Industries Inc (OTCPK:AAIIQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1943 North 50th Street, Birmingham, AL, USA, 35212

Website

http://www.pemcoair.com

Alabama Aircraft Industries Inc is an aerospace & defense company, which provides aircraft maintenance & modification services to the U.S. Government, including complete airframe inspection, maintenance, repair & custom airframe design & modification.

Executives

Hugh Steven Wilson	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Michael E Tennenbaum	director	C/O TENNENBAUM CAPITAL PARTNERS, LLC, 2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Robert Eugene Joyal	director	352 WARDNER ROAD, WEST WINDSOR VT 05089
Tennenbaum Capital Partners Llc	10 percent owner	2951 28TH STREET, SUITE 1000, SANTA MONICA CA 90405
Mark Holdsworth	director	140 S. LAKE AVE., STE. 304, PASADENA CA 91101
Tennenbaum & Co Llc	10 percent owner	1999 AVENUE OF THE STARS, LOS ANGELES CA 90067-6100
Peter Thiel	other: See Footnote (1)	9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069

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