AeroVironment Inc (AVAV)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 501,991 | 432,789 | 367,022 | 304,496 | 230,354 |
| Inventory | US$ in thousands | 144,090 | 150,168 | 138,814 | 90,629 | 71,646 |
| Inventory turnover | 3.48 | 2.88 | 2.64 | 3.36 | 3.22 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $501,991K ÷ $144,090K
= 3.48
The inventory turnover ratio for AeroVironment Inc has exhibited a pattern of fluctuation over the observed period from April 30, 2021, to April 30, 2025.
In the fiscal year ending April 30, 2021, the company recorded an inventory turnover ratio of 3.22, indicating a moderate level of inventory liquidity and efficiency in managing its inventory relative to sales. This ratio increased slightly to 3.36 by April 30, 2022, suggesting a marginal improvement in inventory management or sales efficiency.
However, in the subsequent year ending April 30, 2023, there was a notable decline to 2.64, implying a decrease in inventory turnover. This reduction could indicate slower inventory movement, potential overstocking, or a strategic buildup of inventory levels that may reflect changes in sales patterns or supply chain considerations.
Following this decline, the ratio recovered somewhat in the year ending April 30, 2024, reaching 2.88. This uptick suggests an improvement in inventory management or sales activity, but it remained below the peak levels observed in 2021 and 2022.
By April 30, 2025, the ratio rose further to 3.48, surpassing previous years' figures and indicating a higher efficiency in inventory utilization. This upward trend may reflect operational improvements, enhanced sales performance, or an adjustment in inventory strategies to optimize turnover.
Overall, the inventory turnover trend for AeroVironment Inc over this period reflects periods of fluctuation with an overall improvement towards the end of the analyzed timeframe. The ratio's rise to 3.48 in 2025 suggests the company's increased effectiveness in managing and converting its inventory into sales.
Peer comparison
Apr 30, 2025