Howmet Aerospace (Howmet Aerospace) Change In Inventory : $-128.00 Mil (TTM As of Mar. 2024)

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What is Howmet Aerospace Change In Inventory?

Howmet Aerospace's change in inventory for the quarter that ended in Mar. 2024 was $-31.00 Mil. It means Howmet Aerospace's inventory increased by $31.00 Mil from Dec. 2023 to Mar. 2024 .

Howmet Aerospace's change in inventory for the fiscal year that ended in Dec. 2023 was $-142.00 Mil. It means Howmet Aerospace's inventory increased by $142.00 Mil from Dec. 2022 to Dec. 2023 .

Howmet Aerospace's Total Inventories for the quarter that ended in Mar. 2024 was $1,783.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Howmet Aerospace's Days Inventory for the quarter that ended in Mar. 2024 was 125.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Howmet Aerospace's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

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. Howmet Aerospace's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.97.

Howmet Aerospace Change In Inventory Historical Data

The historical data trend for Howmet Aerospace'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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Howmet Aerospace Change In Inventory Chart

Howmet Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.00

74.00

60.00

-234.00

-142.00

Howmet Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-45.00	-54.00	-49.00	6.00	-31.00

Howmet Aerospace 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-128.00 Mil.

Howmet Aerospace (NYSE:ARNCPRB.PFD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1774	/	1290	*	365 / 4
	=	125.49

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

Howmet Aerospace's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1290	/	1774
	=	0.73

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.

Howmet Aerospace's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1774	/	1824
	=	0.97

Howmet Aerospace Change In Inventory Related Terms

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Howmet Aerospace (Howmet Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Howmet Aerospace Inc (NYSE:ARNCPRB.PFD) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

HWM.PR.PFD:USA HWM:USA 48Z:Germany HWMCL:Chile HWM:Austria

Address

201 Isabella Street, Suite 200, Pittsburgh, PA, USA, 15212-5872

Website

https://www.howmet.com

Howmet Aerospace Inc produces products that are majorly used in aerospace, commercial transportation, and industrial and other markets. The company seeks to provide its customers with innovative solutions through offering differentiated products such as airfoils with advanced cooling and coatings for extreme temperature applications, specially designed fasteners for lightweight composite airframe construction, reduced assembly costs, and lightning strike protection and lightweight aluminum commercial wheels. It has four reportable segments namely, Engine Products, Fastening Systems, Engineered Structures and Forged Wheels.