AeroVironment Inc (AVAV)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 503,698 | 451,805 | 467,711 | 505,507 | 501,250 | 516,300 | 482,644 | 443,572 | 455,747 | 406,757 | 439,774 | 411,924 | 409,573 | 395,490 | 378,400 | 376,706 | 330,073 | 353,388 | 330,327 | 357,542 |
| Inventory | US$ in thousands | 144,090 | 147,973 | 139,698 | 143,835 | 150,168 | 161,384 | 161,384 | 181,767 | 181,767 | 175,396 | 175,396 | 138,814 | 125,942 | 125,942 | 109,810 | 109,810 | 98,603 | 98,603 | 90,629 | 89,616 |
| 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 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $503,698K ÷ $144,090K
= 3.50
The inventory turnover ratio for AeroVironment Inc has experienced fluctuations over the period examined. Initially, at the end of January 2022, the ratio stood at 3.99, indicating that inventory was sold and replaced approximately four times within that period. Over the subsequent quarters, there was a gradual decline, reaching a low of 2.32 by the end of July 2023, which suggests a slowdown in inventory turnover relative to earlier periods.
Following this low point, there was a modest recovery in the ratio, reaching 3.20 at the start of 2024 and exceeding 3.50 by July 2024, indicating an improvement in inventory management and sales efficiency. As of the most recent data in April 2025, the ratio is recorded at 3.50, maintaining a relatively stable level comparable to the high points observed in mid-2024.
Overall, the trend reveals periods of decline and recovery in inventory turnover, reflecting potential seasonal variations, inventory management strategies, or shifts in sales performance. The ratio's recent upward movement suggests a renewed efficiency in inventory management, aligning it with levels observed in mid-2024. This pattern indicates that AeroVironment Inc has experienced periods of both inventory accumulation and improved turnover, which are critical in assessing operational efficiency and inventory management effectiveness.
Peer comparison
Apr 30, 2025
Apr 30, 2025