AeroVironment Inc (AVAV)
Inventory turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 565,163 | 713,065 | 427,488 | 304,304 | 276,506 |
| Inventory | US$ in thousands | 150,168 | 138,814 | 90,629 | 71,646 | 45,535 |
| Inventory turnover | 3.76 | 5.14 | 4.72 | 4.25 | 6.07 |
April 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $565,163K ÷ $150,168K
= 3.76
AeroVironment Inc's inventory turnover has shown fluctuations over the past five years. The inventory turnover ratio decreased from 6.07 in 2020 to 3.76 in 2024. This indicates that the company's ability to sell and replenish its inventory has decreased over this period. A lower inventory turnover may suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory.
It is important to further investigate the reasons behind the declining inventory turnover to identify potential issues within the company's operations. Additionally, comparing AeroVironment Inc's inventory turnover to industry benchmarks and peer companies can provide further insights into its inventory management performance.
Peer comparison
Apr 30, 2024