Copa Holdings (Copa Holdings) Inventory Turnover : 4.78 (As of Mar. 2024)

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What is Copa Holdings 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. Copa Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $559 Mil. Copa Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $117 Mil. Copa Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Copa Holdings's Days Inventory for the three months ended in Mar. 2024 was 19.07.

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. Copa Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

Copa Holdings Inventory Turnover Historical Data

The historical data trend for Copa Holdings'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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Copa Holdings Inventory Turnover Chart

Copa Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.65

11.80

14.63

24.60

20.79

Copa Holdings 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															5.66	4.87	5.17	5.14	4.78

Copa Holdings Inventory Turnover Calculation

Copa Holdings'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 )
=	2182.057	/ (	(93.332	+	116.604)	/	2 )
=	2182.057	/	104.968
=	20.79

Copa Holdings'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 )
=	558.689	/ (	(116.604	+	116.919)	/	2 )
=	558.689	/	116.7615
=	4.78

Copa Holdings (NYSE:CPA) 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.

Copa Holdings'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
	=	116.7615	/	558.689	*	365 / 4
	=	19.07

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.

Copa Holdings'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 )
	=	116.7615	/	893.466
	=	0.13

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.

Copa Holdings Inventory Turnover Related Terms

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Copa Holdings (Copa Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CPAN:Mexico C2H:Germany C2H:Germany

Address

Costa del Este, Complejo Business Park, Avenida Principal y Avenida de la Rotonda, Torre Norte Parque Lefevre, Panama, PAN

Website

https://www.copaair.com

Copa Holdings SA is a provider of airline passenger and cargo service through its subsidiaries. The company operates through the air transportation segment. It offers international air transportation for passengers, cargo, and mail, operating from its Panama City hub in the Republic of Panama and domestic and international air transportation for passengers, cargo and mail with a point-to-point route network through Copa Colombia a Colombian air carrier. The company's geographical segments are North America, South America, Central America, and Caribbean. It derives a majority of revenue from South America.