Eastman Chemical Co (Eastman Chemical Co) Change In Inventory

: $201 Mil (TTM As of Dec. 2023)

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Eastman Chemical Co's change in inventory for the quarter that ended in Dec. 2023 was $54 Mil. It means Eastman Chemical Co's inventory declined by $54 Mil from Sep. 2023 to Dec. 2023 .

Eastman Chemical Co's change in inventory for the fiscal year that ended in Dec. 2023 was $201 Mil. It means Eastman Chemical Co's inventory declined by $201 Mil from Dec. 2022 to Dec. 2023 .

Eastman Chemical Co's Total Inventories for the quarter that ended in Dec. 2023 was $1,683 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastman Chemical Co's Days Inventory for the quarter that ended in Dec. 2023 was 89.10.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eastman Chemical Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

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. Eastman Chemical Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Eastman Chemical Co Change In Inventory Historical Data

The historical data trend for Eastman Chemical Co'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.

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Eastman Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-80.00

291.00

-389.00

-430.00

201.00

Eastman Chemical Co 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																119.00	-44.00	-29.00	220.00	54.00

Eastman Chemical Co 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 $201 Mil.

Eastman Chemical Co (NYSE:EMN) Change In Inventory Explanation

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

Eastman Chemical Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1702	/	1743	*	365 / 4
	=	89.10

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

Eastman Chemical Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1743	/	1702
	=	1.02

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.

Eastman Chemical Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1702	/	2207
	=	0.77

Eastman Chemical Co Change In Inventory Related Terms

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Eastman Chemical Co (Eastman Chemical Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (NYSE:EMN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

EMN:Mexico EAC:Germany

Address

200 South Wilcox Drive, Kingsport, TN, USA, 37662

Website

https://www.eastman.com

Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Executives

Adrian James Holt	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Julie A. Mcalindon	officer: SVP SupChn,Regions&Transform	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Brian Travis Smith	officer: SVP, Add & Funct Prod	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Eric L Butler	director	1400 DOUGLAS STREET, STOP 1210, OMAHA NE 68179
Mark K Cox	officer: Senior Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Christopher Moore Killian	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Stephen Glenn Crawford	officer: SVP & CTO	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Michelle Renee Stewart	officer: CAO & Controller	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Brad A Lich	officer: Executive Vice President	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Mark J Costa	director, officer: Chief Executive Officer	200 SOUTH WILCOX DRIVE, P.O. BOX 431, KINGSPORT TN 37660
Perry Stuckey	officer: SVP, Chf HR Ofcr	200 SOUTH WILCOX DRIVE, KINGSPORT TN 37660
Scott V. King	officer: VP, Finance & CAO	100 N. EASTMAN ROAD, B54, KINGSPORT TN 37660
Lucian Boldea	officer: Senior Vice President	855 S. MINT STREET, CHARLOTTE NC 28202
Vanessa Allen Sutherland	director	650 W PEACHTREE ST NW, ATLANTA GA 30308