Forensic Analysis · Trading Companies & Distributors · as of Aug 12, 2026
Aersale Corp (ASLE)
A forensic read on Aersale Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
4.3
Distress distance
Clean
Earnings quality
3
Forensic signals
26.8
P / E (ttm)
2.0%
ROE
$273M
Market cap
-2.8%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Aersale Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 4.3, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
2.3%
FY2025
Return on invested capital.Return on invested capital is 2.3% in the latest fiscal year and slipping from 13% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
42d DSO
FY2024→FY2025
Receivables vs revenue.Days sales outstanding moved from 35 to 42 days FY2024→FY2025 (receivables +23% vs revenue -3%). Receivables are creeping up relative to sales. Across FY2021–FY2025 the day count ran 43 → 26 → 32 → 35 → 42 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in. Deferred revenue was roughly flat (-70%) over the same period, which doesn't corroborate a benign upfront-billing explanation for the receivables build. Measured against the same quarter twelve months earlier — like-for-like on the calendar, so an ordinary seasonal build cannot produce it — receivables took longer to collect in 4 consecutive quarters (Sep 2025 +19, Dec 2025 +10, Mar 2026 +6, Jun 2026 +22 days). In the latest of them the receivable balance grew +4% against sales -34%, so more of a quarter's billings were still outstanding at the period end than a year earlier — money the company has recognized and not yet been paid.
342d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 305 to 342 FY2024→FY2025 (against cost of goods sold; inventory -9% vs -5% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
Key fundamentals
Latest Revenue$335.3M
Revenue Growth YoY-2.8%
Net Margin2.6%
Free Cash Flow-$29.1M
Return on Equity2.0%
Debt / Equity0.26x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Aersale Corp's actual 10-K/10-Q/8-K filings?