American Axle & Mfg Holdings (American Axle & Mfg Holdings) Change In Inventory : $-13 Mil (TTM As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is American Axle & Mfg Holdings Change In Inventory?

American Axle & Mfg Holdings's change in inventory for the quarter that ended in Dec. 2023 was $-16 Mil. It means American Axle & Mfg Holdings's inventory increased by $16 Mil from Sep. 2023 to Dec. 2023 .

American Axle & Mfg Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was $-13 Mil. It means American Axle & Mfg Holdings's inventory increased by $13 Mil from Dec. 2022 to Dec. 2023 .

American Axle & Mfg Holdings's Total Inventories for the quarter that ended in Dec. 2023 was $483 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. American Axle & Mfg Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 32.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. American Axle & Mfg Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.77.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. American Axle & Mfg Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

American Axle & Mfg Holdings Change In Inventory Historical Data

The historical data trend for American Axle & Mfg Holdings's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Axle & Mfg Holdings Change In Inventory Chart

American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

56.10

53.70

-87.70

-16.20

-13.20

American Axle & Mfg Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-4.30	2.90	-10.80	10.60	-15.90

American Axle & Mfg Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-13 Mil.

American Axle & Mfg Holdings (NYSE:AXL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

American Axle & Mfg Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	471.65	/	1308.1	*	365 / 4
	=	32.90

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

American Axle & Mfg Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1308.1	/	471.65
	=	2.77

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

American Axle & Mfg Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	471.65	/	1463
	=	0.32

American Axle & Mfg Holdings Change In Inventory Related Terms

Thank you for viewing the detailed overview of American Axle & Mfg Holdings's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

American Axle & Mfg Holdings (American Axle & Mfg Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » American Axle & Mfg Holdings Inc (NYSE:AXL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

AYA:Germany

Address

One Dauch Drive, Detroit, MI, USA, 48211-1198

Website

https://www.aam.com

American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars, and commercial vehicles. The company's segment includes Driveline and Metal Forming. It generates maximum revenue from the Driveline segment.

Executives

Terri M. Kemp	officer: Senior VP Human Resources	ONE DAUCH DRIVE, DETROIT MI 48211
Matthew K. Paroly	officer: VP & General Counsel	ONE DAUCH DRIVE, DETROIT MI 48211
Norman Willemse	officer: VP, Metal Form Prod. Bus. Unit	ONE DAUCH DRIVE, DETROIT MI 48211-1198
James A Mccaslin	director
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
John F. Smith	director	ONE DAUCH DR., DETROIT MI 48211
Tolga I Oal	officer: President, AAM North America	201 ISABELLA STREET, PITTSTBURGH PA 15212
Alberto L Satine	officer: VP-Procurement	ONE DAUCH DRIVE, DETROIT MI 48211
Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Miller William P Ii	director	20 S. WACKER DR., CHICAGO IL 60606
Michael Joseph Lynch	officer: VP Finance & Controller	ONE DAUCH DRIVE, DETROIT MI 48211
Michael K Simonte	officer: VP & Treasurer	ONE DAUCH DRIVE, DETROIT MI 48211-1198
Bowes Timothy Earl Joseph	officer: Senior VP Corporate Planning	2135 WEST MAPLE ROAD, TROY MI 48084
Elizabeth Anne Chappell	director	ONE DAUCH DRIVE, DETROIT MI 48211
Christopher John May	officer: VP & CFO	ONE DAUCH DRIVE, DETROIT MI 48211