AeroVironment Inc (AVAV)
Days of inventory on hand (DOH)
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.78 | 4.83 | 4.11 | 4.13 | 5.14 | 3.57 | 3.90 | 4.30 | 4.72 | 4.70 | 4.58 | 3.72 | 4.31 | 4.80 | 5.99 | 5.83 | 3.76 | 3.88 | 3.84 | 4.15 | |
| DOH | days | 96.68 | 75.57 | 88.87 | 88.43 | 71.06 | 102.24 | 93.64 | 84.89 | 77.34 | 77.64 | 79.76 | 98.06 | 84.75 | 76.02 | 60.93 | 62.65 | 97.17 | 94.03 | 94.93 | 87.87 |
April 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.78
= 96.68
Days of Inventory on Hand (DOH) is a financial ratio that measures how many days, on average, a company holds its inventory before selling it. A lower DOH indicates that the company is efficient in managing its inventory, while a higher DOH can indicate slower inventory turnover or potentially obsolete inventory.
Analyzing AeroVironment Inc's historical DOH data reveals some fluctuations over time. The trend shows variability in the number of days the company holds its inventory. For example, DOH ranged from a low of 60.93 days on Aug 1, 2020, to a high of 102.24 days on Jan 28, 2023.
The average DOH over the periods analyzed appears to be around 80 days, suggesting that AeroVironment typically holds inventory for approximately this duration before realizing sales. However, it is important to consider industry norms and comparable companies for a more thorough benchmarking analysis.
In terms of trend analysis, it seems that AeroVironment has shown some volatility in its inventory management efficiency over the periods examined. This could be due to changing demand patterns, production disruptions, or other operational factors impacting inventory levels.
Further investigation into the reasons behind the fluctuations in AeroVironment's DOH would be necessary to determine if improvements can be made in inventory management practices to optimize working capital and operational efficiency.
Peer comparison
Apr 30, 2024