American Axle & Mfg Holdings (American Axle & Mfg Holdings) Days Inventory

: 32.90 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). American Axle & Mfg Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $472 Mil. American Axle & Mfg Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,308 Mil. Hence, American Axle & Mfg Holdings's Days Inventory for the three months ended in Dec. 2023 was 32.90.

The historical rank and industry rank for American Axle & Mfg Holdings's Days Inventory or its related term are showing as below:

AXL' s Days Inventory Range Over the Past 10 Years
Min: 20.36 Med: 28.2 Max: 31.67
Current: 31.43

During the past 13 years, American Axle & Mfg Holdings's highest Days Inventory was 31.67. The lowest was 20.36. And the median was 28.20.

AXL's Days Inventory is ranked better than
90.37% of 1256 companies
in the Vehicles & Parts industry
Industry Median: 81.885 vs AXL: 31.43

American Axle & Mfg Holdings's Days Inventory declined from Dec. 2022 (33.91) to Dec. 2023 (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 three months 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 three months ended in Dec. 2023 was 0.32.

American Axle & Mfg Holdings Days Inventory Historical Data

The historical data trend for American Axle & Mfg Holdings's Days 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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American Axle & Mfg Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

27.02

30.80

30.20

31.30

31.67

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
Days Inventory	Get a 7-Day Free Trial															33.91	31.77	30.85	30.09	32.90

Competitive Comparison

For the Auto Parts subindustry, American Axle & Mfg Holdings's Days Inventory, along with its competitors' market caps and Days Inventory 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.

American Axle & Mfg Holdings Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, American Axle & Mfg Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where American Axle & Mfg Holdings's Days Inventory falls into.

American Axle & Mfg Holdings Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (463.9	+	482.9)	/	2 )	/	5455.2	*	365
=	473.4					/	5455.2	*	365
=	31.67

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

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (460.4	+	482.9)	/	2 )	/	1308.1	*	365 / 4
=	471.65					/	1308.1	*	365 / 4
=	32.90

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

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

2. 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 three months ended in Dec. 2023 is calculated as

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

American Axle & Mfg Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of American Axle & Mfg Holdings's Days 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 » Days 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