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Air T Inc   (AIRT)
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Air T Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Air T Inc inventory turnover ratio, the Air T Inc 's ability to sell and replace its inventory in the third quarter 2024, sequentially increased to 2.11 in the third quarter 2023, yet the ratio remained below the average, as AIRT's market remain challenging.Average inventory processing period, for the Air T Inc in Dec 31 2023 quarter, has decreased to 173 days, compare to 205 days, in the Sep 30 2023 quarter.

Within Transportation sector 19 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 264, from total ranking in the second quarter 2024 at 1309.

AIRT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Air T Inc Market Share?

What is Inventory Turnover Ratio?


AIRT Inventory Turnover Ratio (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Inventory Growth -37.5 % -37.84 % -25.22 % -5.38 % 12.78 %
Y / Y Cost of Sales Growth 27.8 % 21.46 % 31.22 % 250.23 % 18.29 %
Inventory Turnover Ratio (TTM) 2.11 1.78 1.54 1.37 0.87
AIRT's Total Ranking # 264 # 1309 # 1309 # 1778 # 1922
Average inventory processing period 173 205 237 266 420
Seq. Inventory Growth -1.04 % -15.45 % -9.45 % -17.51 % -1.58 %
Seq. Cost of Sales Growth 3.72 % -0.37 % -58.18 % 195.69 % -1.42 %



Inventory Turnover Ratio Company Ranking
Within: No.
Transport & Logistics Industry # 2
Transportation Sector # 20
Overall Market # 264

Inventory Turnover Ratio Statistics
High Average Low
10.98 2.74 0.23
(Mar 31 2019)   (Sep 30 2020)




Financial Statements
Air T Inc 's Inventories $ 54 Millions Visit AIRT's Balance sheet
Air T Inc 's Cost of Revenues TTM $ 129 Millions Visit AIRT's Income Statement
What are AIRT's Sales? Visit AIRT's Sales by Segment

Other Inventory Turnover Ratios
Air T Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Transport & Logistics Industry Inventory Turnover Trends and Statistics
Transportation Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AIRT's Inventory Turnover Ratio versus Transport & Logistics Industry, Transportation Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AIRT's Competitors
Inventory Turnover Ratio for AIRT's Suppliers
Inventory Turnover Ratio for AIRT's Customers

You may also want to know
AIRT's Sales Growth Rates AIRT's Pe Price to earnings ratio AIRT's Receivables Turnover Ratio AIRT's Stock Quote
AIRT's Net Income Growth Rates AIRT's Ps Price to Sales ratio AIRT's Sales per Employee AIRT's Asset Turnover Ratio
AIRT's Net Margin AIRT's Pb Price to Book ratio AIRT's Financial Strength Ratios AIRT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Transportation Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
American Airlines Group Inc   6.43 $ 15,185.000  Millions$ 2,362  Millions
Star Bulk Carriers Corp   4.07 $ 253.843  Millions$ 62  Millions
The Greenbrier Companies Inc   3.98 $ 3,492.000  Millions$ 876  Millions
Trinity Industries Inc  3.82 $ 2,456.200  Millions$ 643  Millions
Genco Shipping and Trading Limited  3.80 $ 97.093  Millions$ 26  Millions
Polaris Inc   3.59 $ 6,891.800  Millions$ 1,920  Millions
Safe Bulkers Inc   3.25 $ 54.129  Millions$ 17  Millions
Westinghouse Air Brake Technologies Corporation  2.97 $ 6,733.000  Millions$ 2,269  Millions
Southwest Airlines Co   2.34 $ 1,789.000  Millions$ 764  Millions
Air T Inc   2.11 $ 128.537  Millions$ 61  Millions
Schneider National Inc   1.22 $ 114.300  Millions$ 94  Millions

Date modified: 2024-02-13T09:25:24+00:00



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