AeroVironment Inc (AVAV)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.50 | 3.05 | 3.35 | 3.51 | 3.34 | 3.20 | 2.99 | 2.44 | 2.51 | 2.32 | 2.51 | 2.97 | 3.25 | 3.14 | 3.45 | 3.43 | 3.35 | 3.58 | 3.64 | 3.99 | |
| DOH | days | 104.41 | 119.54 | 109.02 | 103.86 | 109.35 | 114.09 | 122.05 | 149.57 | 145.57 | 157.39 | 145.57 | 123.00 | 112.24 | 116.23 | 105.92 | 106.40 | 109.04 | 101.84 | 100.14 | 91.49 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.50
= 104.41
AeroVironment Inc’s days of inventory on hand (DOH) has exhibited notable fluctuations over the analyzed period from January 2022 to April 2025. At the beginning of this period, the DOH stood at approximately 91.49 days as of January 31, 2022, indicating a relatively efficient inventory management. Over the subsequent months, the DOH experienced an upward trend, reaching a peak of approximately 157.39 days by July 31, 2023. This represents a significant increase, suggesting a lengthening of the inventory cycle and potentially higher levels of unsold or slow-moving inventory.
Throughout 2022, there was a gradual increase in DOH, with measurements such as 100.14 days in April and broadly moving into the 105–110 days range by late October. The upward trend continued into 2023, with July seeing the DOH at approximately 145.57 days, which persisted into October at 149.57 days. The elevated levels during this period indicate potential challenges in inventory turnover, possibly due to supply chain issues, product mix changes, or strategic inventory build-up.
Post-October 2023, the DOH demonstrated signs of reduction, decreasing to around 122.05 days in January 2024, following which it continued to decline gradually. By April 2024, the DOH stood at approximately 109.35 days, and further decline was observed into mid-2024, reaching about 103.86 days in July, suggesting an improvement in inventory efficiency. Nonetheless, the DOH slightly increased again to approximately 109.02 days by October 2024, before moving to 119.54 days in January 2025, and subsequently decreasing to approximately 104.41 days by April 2025.
Overall, the trend indicates periods of inventory accumulation followed by phases of stabilization and improvement, reflecting dynamic inventory management strategies in response to operational or market factors. The significant peaks and subsequent declines suggest that AeroVironment Inc has experienced cycles of inventory buildup and clearance, which influence the company’s working capital and operational efficiency metrics.
Peer comparison
Apr 30, 2025