AeroVironment Inc (AVAV)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.48 | 2.88 | 2.64 | 3.36 | 3.22 | |
| DOH | days | 104.77 | 126.65 | 138.05 | 108.64 | 113.52 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.48
= 104.77
The days of inventory on hand (DOH) for AeroVironment Inc. over the period from April 2021 to April 2025 exhibits notable fluctuations. As of April 30, 2021, the company held an average of 113.52 days of inventory. This figure slightly decreased to 108.64 days by April 30, 2022, indicating a modest improvement in inventory management or a faster turnover rate during that year.
However, between April 2022 and April 2023, there was a significant increase in DOH, reaching 138.05 days. This upward movement suggests a lengthening of inventory holding periods, potentially reflecting slower inventory turnover, increased inventory levels, or strategic stockpiling. The subsequent period showed a reduction to 126.65 days by April 30, 2024, indicating a partial improvement in inventory efficiency, although levels remained elevated relative to the earlier years.
By April 2025, the DOH further decreased to 104.77 days, approaching closer to the early 2021 levels. This decline signifies an improvement in inventory management or a shift towards more efficient inventory turnover processes, reducing holding periods to a more optimal range.
Overall, the trend demonstrates variability in inventory management practices over the observed period, with a notable peak in inventory holding duration in 2023. The latter part of the analysis indicates efforts towards optimizing inventory levels, aligning more closely with initial levels observed in 2021.
Peer comparison
Apr 30, 2025