Cummins (Cummins) Change In Inventory

: USD0 Mil (TTM As of Dec. 2023)

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Cummins's change in inventory for the quarter that ended in Dec. 2023 was USD318 Mil. It means Cummins's inventory declined by USD318 Mil from Sep. 2023 to Dec. 2023 .

Cummins's change in inventory for the fiscal year that ended in Dec. 2023 was USD0 Mil. It means Cummins's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Cummins's Total Inventories for the quarter that ended in Dec. 2023 was USD5,677 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cummins's Days Inventory for the quarter that ended in Dec. 2023 was 80.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cummins's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.13.

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. Cummins's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.68.

Cummins Change In Inventory Historical Data

The historical data trend for Cummins'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.

Cummins Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

291.00

46.00

-945.00

-567.00

Cummins 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																30.00	-263.00	-140.00	85.00	318.00

Cummins 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 USD0 Mil.

Cummins (NYSE:CMI) Change In Inventory Explanation

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

Cummins's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5791.5	/	6542	*	365 / 4
	=	80.78

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6542	/	5791.5
	=	1.13

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5791.5	/	8543
	=	0.68

Cummins Change In Inventory Related Terms

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Cummins (Cummins) Business Description

Industry

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Address

500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005

Website

https://www.cummins.com

Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway equipment, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.

Executives

Jennifer Rumsey	officer: Chief Technical Officer	500 JACKSON STREET, COLUMBUS IN 47201
Daniel William Fisher	director	2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Jonathan David Wood	officer: Vice President & CTO	500 JACKSON STREET, COLUMBUS IN 47201
Sharon R Barner	officer: VP - General Counsel	500 JACKSON STREET, COLUMBUS IN 47201
Georgia R Nelson	director	C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626
Di Leo Allen Bruno V	director	INTERNATIONAL BUSINESS MACHINES CORP., C/O SEC'Y'S OFFICE, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Franklin R Changdiaz	director	500 JACKSON ST., M/C 60701, COLUMBUS IN 47201
Tony Satterthwaite	officer: President - Distribution	1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Norman Thomas Linebarger	officer: President-Power Gen.
Tracy A Embree	officer: VP & Pres. - Components Group	500 JACKSON STREET, COLUMBUS IN 47201
Mahesh Narang	officer: VP & President - Components	500 JACKSON STREET, COLUMBUS IN 47201
Mark Andrew Smith	officer: VP - Operations Finance	500 JACKSON STREET, COLUMBUS IN 47201
Marvin Boakye	officer: VP - Chief Human Resources Off	PO BOX 99900, LOUISVILLE KY 40269
Srikanth Padmanabhan	officer: President - Engine Busines	500 JACKSON STREET, COLUMBUS IN 47201
Jennifer Mary Bush	officer: VP & Pres. - Power Systems	CENTURY ALUMINUM COMPANY, 1 S. WACKER DRIVE, SUITE 1000, CHICAGO IL 60606