AeroVironment Inc (AVAV)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 566,945 | 779,492 | 746,580 | 723,995 | 713,065 | 449,618 | 428,031 | 423,956 | 427,729 | 421,303 | 375,000 | 315,824 | 308,556 | 248,611 | 272,736 | 265,277 | 211,612 | 209,827 | 177,237 | 175,484 |
| Inventory | US$ in thousands | 150,168 | 161,384 | 181,767 | 175,396 | 138,814 | 125,942 | 109,810 | 98,603 | 90,629 | 89,616 | 81,944 | 84,852 | 71,646 | 51,779 | 45,530 | 45,535 | 56,336 | 54,056 | 46,096 | 42,244 |
| 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 |
April 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $566,945K ÷ $150,168K
= 3.78
AeroVironment Inc's inventory turnover ratio has shown some fluctuations over the past several quarters. The inventory turnover ratio indicates how many times a company sells and replaces its inventory within a specific period.
Looking at the data provided, the inventory turnover ratio has ranged from a low of 3.57 to a high of 5.99 over the past few years. Generally, a higher inventory turnover ratio is favorable as it suggests that the company is selling its inventory more efficiently.
In the most recent quarter, the inventory turnover ratio was 3.78, indicating that the company's inventory turnover has decreased compared to the previous quarter. This decrease may suggest that the company is holding onto its inventory for a longer period, which could tie up valuable resources and lead to higher carrying costs.
It is important for AeroVironment Inc to closely monitor its inventory turnover ratio and implement strategies to optimize inventory management, such as improving demand forecasting, streamlining procurement processes, and reducing excess inventory levels. This can help the company enhance its operational efficiency and profitability in the long run.
Peer comparison
Apr 30, 2024
Apr 30, 2024