AAR Corp

NYSE AIR

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AAR Corp Accounts Payable Turnover Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending February 29, 2024: -0.70%

AAR Corp Accounts Payable Turnover Ratio 5 year CAGR is -0.70% for the Trailing 12 Months (TTM) ending February 29, 2024, a -125.49% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

AAR Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2023 was 2.91, a -12.73% change year over year.
AAR Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2022 was 3.33, a 53.37% change year over year.
AAR Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 28, 2021 was 2.17, a -11.73% change year over year.
AAR Corp Accounts Payable Turnover Ratio for the Trailing 12 Months (TTM) ending February 29, 2020 was 2.46, a -3.61% change year over year.

NYSE: AIR

AAR Corp

CEO	Mr. John McClain Holmes III
IPO Date	Jan. 1, 1988
Location	United States
Headquarters	One AAR Place, Wood Dale, IL, United States, 60191
Employees	5,000
Sector	Industrials
Industry	Aerospace & defense

Description

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components. This segment also provides fleet management and operations of customer-owned aircraft for the U.S. Department of State; customized performance-based supply chain logistics programs, which includes material planning, sourcing, logistics, information and program management, airframe and maintenance planning, and component repair, and overhaul services for U.S. Department of Defense and foreign governments. Further, it offers airframe inspection, maintenance, repair and overhaul, painting services, line maintenance, modifications, structural repairs, avionics service and installation, exterior and interior refurbishment, and engineering services and support; and repair and overhaul components including landing gears, wheels, and brakes for commercial and military aircraft; and operates six airframe maintenance facilities and one landing gear overhaul facility. The Expeditionary Services segment designs, manufactures, and repairs transportation pallets and containers and shelters for military and humanitarian tactical deployment activities, including armories, supply and parts storage, refrigeration systems, tactical operation centers, briefing rooms, laundry and kitchen facilities, water treatment, and sleeping quarters, as well as engages in provision of engineering, design, and system integration services for specialized command and control systems. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.

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