Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. AK Steel Holding's Cost of Goods Sold for the
three
months ended in Dec. 2019 was $1,326 Mil. AK Steel Holding's Average Total Inventories for the quarter that ended in Dec. 2019 was $1,354 Mil.
AK Steel Holding's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.98.
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-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 Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.94.
AK Steel Holding Inventory Turnover Historical Data
The historical data trend for AK Steel Holding's Inventory Turnover 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.
* 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.
AK Steel Holding (NYSE:AKS) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
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:
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.
AK Steel Holding's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as
* 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.
Be Aware
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
AK Steel Holding Inventory Turnover Related Terms
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AK Steel Holding (AK Steel Holding) Business Description
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.
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