Axalta Coating Systems (LTS:0U6C) Change In Inventory : $103 Mil (TTM As of Dec. 2023)

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What is Axalta Coating Systems Change In Inventory?

Axalta Coating Systems's change in inventory for the quarter that ended in Dec. 2023 was $37 Mil. It means Axalta Coating Systems's inventory declined by $37 Mil from Sep. 2023 to Dec. 2023 .

Axalta Coating Systems's change in inventory for the fiscal year that ended in Dec. 2023 was $103 Mil. It means Axalta Coating Systems's inventory declined by $103 Mil from Dec. 2022 to Dec. 2023 .

Axalta Coating Systems's Total Inventories for the quarter that ended in Dec. 2023 was $741 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Axalta Coating Systems's Days Inventory for the quarter that ended in Dec. 2023 was 77.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axalta Coating Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

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. Axalta Coating Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Axalta Coating Systems Change In Inventory Historical Data

The historical data trend for Axalta Coating Systems'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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Axalta Coating Systems Change In Inventory Chart

Axalta Coating Systems Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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10.80

39.60

-111.60

-195.40

103.10

Axalta Coating Systems 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															25.40	38.60	30.90	-3.70	37.30

Axalta Coating Systems 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 $103 Mil.

Axalta Coating Systems (LTS:0U6C) Change In Inventory Explanation

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

Axalta Coating Systems's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	745.55	/	873.8	*	365 / 4
	=	77.86

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	873.8	/	745.55
	=	1.17

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	745.55	/	1297.3
	=	0.57

Axalta Coating Systems Change In Inventory Related Terms

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Axalta Coating Systems (LTS:0U6C) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axalta Coating Systems Ltd (LTS:0U6C) » Definitions » Change In Inventory

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Traded in Other Exchanges

AXTA:USA 9AX:Germany

Address

50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, USA, 19342

Website

https://www.axalta.com

Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

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