Cummins's change in inventory for the quarter that ended in Dec. 2024 was $324 Mil. It means Cummins's inventory
declined by $324 Mil
from Sep. 2024 to Dec. 2024 .
Cummins's change in inventory for the fiscal year that ended in Dec. 2024 was $-402 Mil. It means Cummins's inventory
increased by $402 Mil
from Dec. 2023 to Dec. 2024 .
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. 2024 was 84.49.
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. 2024 was 1.08.
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. 2024 was 0.70.
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.
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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-402 Mil.
* 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.
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:
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. 2024 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.
Cummins Change In Inventory Related Terms
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Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, 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.
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