AK Steel Holding (AK Steel Holding) Inventory-to-Revenue : 0.94 (As of Dec. 2019)

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What is AK Steel Holding Inventory-to-Revenue?

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. AK Steel Holding's Average Total Inventories for the quarter that ended in Dec. 2019 was $1,354 Mil. AK Steel Holding's Revenue for the three months ended in Dec. 2019 was $1,446 Mil. AK Steel Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.94.

AK Steel Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2019 increased from Sep. 2019 (0.89) to Sep. 2019 (0.94)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AK Steel Holding's Days Inventory for the three months ended in Dec. 2019 was 93.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. AK Steel Holding's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.98.

AK Steel Holding Inventory-to-Revenue Historical Data

The historical data trend for AK Steel Holding's Inventory-to-Revenue 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.

AK Steel Holding Inventory-to-Revenue Chart

AK Steel Holding Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory-to-Revenue

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0.18

0.20

0.21

0.22

AK Steel Holding Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Inventory-to-Revenue	Get a 7-Day Free Trial															0.82	0.82	0.81	0.89	0.94

Competitive Comparison of AK Steel Holding's Inventory-to-Revenue

For the Steel subindustry, AK Steel Holding's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AK Steel Holding's Inventory-to-Revenue Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, AK Steel Holding's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where AK Steel Holding's Inventory-to-Revenue falls into.

AK Steel Holding Inventory-to-Revenue Calculation

AK Steel Holding's Inventory-to-Revenue for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory-to-Revenue (A: Dec. 2019 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Revenue (A: Dec. 2019 )
=	( (1419.9	+	1346.2)	/	2 )	/	6359.4
=	1383.05					/	6359.4
=	0.22

AK Steel Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2019 is calculated as

	Inventory-to-Revenue (Q: Dec. 2019 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Revenue (Q: Dec. 2019 )
=	( (1362.7	+	1346.2)	/	2 )	/	1445.7
=	1354.45					/	1445.7
=	0.94

AK Steel Holding (NYSE:AKS) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

AK Steel Holding's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	1354.45	/	1325.9	*	365 / 4
	=	93.21

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

AK Steel Holding's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	1325.9	/	1354.45
	=	0.98

AK Steel Holding Inventory-to-Revenue Related Terms

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AK Steel Holding (AK Steel Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » AK Steel Holding Corp (NYSE:AKS) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

9227 Centre Pointe Drive, West Chester, OH, USA, 45069

Website

http://www.aksteel.com

AK Steel's operations consist of steelmaking and finishing plants in Indiana, Kentucky, Michigan, Ohio, and Pennsylvania, in the United States. The company manufactures flat-rolled, carbon, electrical, and stainless steel, as well as tubular products for the automotive, construction, appliance, and machinery end markets.

Executives

Dennis C Cuneo	director	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Sheri H. Edison	director	1069 STATE ROUTE 46 EAST, BATESVILLE IN 47006
Gregory B Kenny	director	4 TESSENEER DR, HIGHLAND HEIGHTS KY 41076
Roger K Newport	director, officer: Chief Executive Officer	703 CURTIS STREET, MIDDLETOWN OH 45043
Arlene M Yocum	director	99 PINE STREET, ALBANY NY 12207
Michael Ralph S Iii	director, other: Chairman of the Board
Dwayne Andree Wilson	director	6700 LAS COLINAS BOULEVARD, IRVING TX 75039
William K Gerber	director	999 WEST BIG BEAVER ROAD, TROY MI 48084
Jaime Vasquez	officer: VP Finance and CFO	9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Robert H Jenkins	director	PO BOX 7003, ROCKFORD IL 61125-7003
John S Brinzo	director	1100 SUPERIOR AVE, CLEVELAND OH 44114
Richard A Abdoo	director	N93 W14475 WHITTAKER WAY, MENOMONEE FALLS WI 53051
James L Wainscott	director, other: Chairman of the Board	C/O AK STEEL HOLDING CORP, 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Shirley D Peterson	director	C/O AK STEEL HOLDING CORP., 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069
Bonnie Guiton Hill	director	1721 FIRST STREET, SAN JOSE CA 95112