AAR Corp (AIR)
Days of inventory on hand (DOH)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.78 | 2.81 | 2.64 | 2.64 | 2.56 | 2.67 | 2.73 | 2.77 | 2.82 | 2.74 | 2.53 | 2.57 | 2.74 | 2.78 | 2.71 | 2.69 | 2.55 | 2.46 | 2.66 | 2.84 | |
| DOH | days | 131.11 | 130.01 | 138.09 | 138.44 | 142.59 | 136.73 | 133.77 | 131.53 | 129.32 | 133.40 | 144.16 | 141.94 | 133.35 | 131.43 | 134.88 | 135.66 | 143.36 | 148.08 | 137.39 | 128.70 |
May 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.78
= 131.11
The analysis of AAR Corp’s days of inventory on hand (DOH) over the specified periods reveals a generally stable inventory management pattern with moderate fluctuations across the nearly five-year time frame. Initially, at the end of August 2020, the DOH was approximately 128.70 days, reflecting the duration inventory remained on hand before sale or usage. This figure increased progressively over the subsequent quarters, reaching a peak of 148.08 days as of February 28, 2021, indicating an accumulation of inventory or a slowdown in inventory turnover during that period.
Following this peak, a gradual decline in DOH is observed, with figures tapering down to approximately 129.32 days as of May 31, 2023. This decrease may suggest an improvement in inventory management efficiency or changes in operational strategies, leading to faster inventory turnover. The trend from mid-2023 through early 2024 shows a slight uptick, with DOH rising to around 138.44 days by August 2024 and remaining near this level through November 2024.
More recent data indicates a slight decrease again, with DOH reaching approximately 130.01 days at the end of February 2025. Throughout this period, the DOH generally remains within the range of approximately 128 to 149 days, reflecting a relatively stable operational environment with cyclical variations. These fluctuations can be attributed to seasonal demand patterns, supply chain dynamics, or strategic inventory adjustments.
Overall, the pattern demonstrates that AAR Corp has maintained an inventory cycle consistent with industry standards for this type of business, balancing stock levels with operational needs. The noted fluctuations suggest periods of inventory buildup and clearance, with recent data indicating a slight normalization of inventory levels around the early 2024 figures.
Peer comparison
May 31, 2025