Azul Azul (XSGO:AZUL AZUL) Inventory Turnover : 10.16 (As of Mar. 2024)

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What is Azul Azul 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. Azul Azul's Cost of Goods Sold for the three months ended in Mar. 2024 was CLP3,754 Mil. Azul Azul's Average Total Inventories for the quarter that ended in Mar. 2024 was CLP370 Mil. Azul Azul's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Azul Azul's Days Inventory for the three months ended in Mar. 2024 was 8.98.

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. Azul Azul's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Azul Azul Inventory Turnover Historical Data

The historical data trend for Azul Azul'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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Azul Azul Inventory Turnover Chart

Azul Azul Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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141.37

138.88

145.70

41.00

30.60

Azul Azul Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															6.36	5.18	5.99	6.61	10.16

Azul Azul Inventory Turnover Calculation

Azul Azul's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	13380.725	/ (	(522.926	+	351.697)	/	2 )
=	13380.725	/	437.3115
=	30.60

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3754.313	/ (	(351.697	+	387.564)	/	2 )
=	3754.313	/	369.6305
=	10.16

Azul Azul (XSGO:AZUL AZUL) 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.

Azul Azul'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
	=	369.6305	/	3754.313	*	365 / 4
	=	8.98

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.

Azul Azul's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	369.6305	/	4763.951
	=	0.08

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.

Azul Azul Inventory Turnover Related Terms

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Azul Azul (XSGO:AZUL AZUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Azul Azul SA (XSGO:AZUL AZUL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Avenida El Parron 0939, La Cisterna, Santiago, CHL

Website

http://www.udechile.cl

Azul Azul SA owns the Universidad de Chile soccer club. It organizes, produces, markets and participates in professional activities of entertainment and recreation sporting. It also provides counseling services, support, equipment and event management. It has three segments: Collection by Bordero, Income from Advertising and Other Income.

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