APD (Air Products and Chemicals) Inventory Turnover: 2.81 (As of Mar. 2026)


APD Air Products and Chemicals Inc APD
79 GF Score
Price $279.93
GF Value $283.79
Valuation Fairly Valued
! 5 Warning Signs
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What is Air Products and Chemicals Inventory Turnover?

Air Products and Chemicals APD +0.43% 79 Inventory Turnover is 2.81 as of Mar. 2026. GuruFocus rates APD with a GF Score™ of 79/100 and a GF Value™ of $283.79 (Fairly Valued). The stock has 5 warning signs investors should review.

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. Air Products and Chemicals's Cost of Goods Sold for the three months ended in Mar. 2026 was $2,184 Mil. Air Products and Chemicals's Average Total Inventories for the quarter that ended in Mar. 2026 was $778 Mil. Air Products and Chemicals's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Products and Chemicals's Days Inventory for the three months ended in Mar. 2026 was 32.50.

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. Air Products and Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.25.

Air Products and Chemicals  (NYSE:APD) 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.

Air Products and Chemicals's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=778/2184.4*365 / 4
=32.50

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.

Air Products and Chemicals's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=778 / 3171.8
=0.25

* 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.

Air Products and Chemicals Inventory Turnover Related Terms

Air Products and Chemicals Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Air Products and Chemicals'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.

Air Products and Chemicals Inventory Turnover Chart

Air Products and Chemicals Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.74 19.29 15.15 11.52 10.70

Air Products and Chemicals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.72 2.60 2.73 2.69 2.81
APD
79GF Score
Air Products and Chemicals Inc APD
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Air Products and Chemicals Inventory Turnover Calculation

Air Products and Chemicals's Inventory Turnover for the fiscal year that ended in Sep. 2025 is calculated as

Inventory Turnover (A: Sep. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2025 ) / ((Total Inventories (A: Sep. 2024 ) + Total Inventories (A: Sep. 2025 )) / count )
=8256 / ((766 + 776.5) / 2 )
=8256 / 771.25
=10.70

Air Products and Chemicals's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=2184.4 / ((788.1 + 767.9) / 2 )
=2184.4 / 778
=2.81

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.81 mean?
Air Products and Chemicals (APD) has a Inventory Turnover of 2.81 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Air Products and Chemicals and its competitors.
Is Air Products and Chemicals' Inventory Turnover too high?
Air Products and Chemicals' current Inventory Turnover is 2.81. Overall, Air Products and Chemicals has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Products and Chemicals' Inventory Turnover compare to ECL and SHW?
Air Products and Chemicals' Inventory Turnover of 2.81 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Chemicals company?
A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Air Products and Chemicals and its competitors. Air Products and Chemicals's current Inventory Turnover is 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Products and Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Air Products and Chemicals (APD) is currently considered Fairly Valued. The stock's GF Value™ is $283.79, compared to a current price of $279.93 — trading 1.4% below its estimated fair value. The current Inventory Turnover is 2.81. Air Products and Chemicals' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current Inventory Turnover is 2.81 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Products and Chemicals (APD) Overvalued in 2026?

Based on GuruFocus' analysis, Air Products and Chemicals stock appears to be undervalued. The current stock price of $279.93 is trading 1.4% below its estimated GF Value™ of $283.79. GuruFocus considers Air Products and Chemicals to be Fairly Valued.

Key valuation signals for APD:

  • Inventory Turnover: 2.81
  • GF Value™: $283.79 vs. price of $279.93 (1.4% below fair value)
  • GF Score™: 79/100 with 5 warning signs

No single metric tells the full story. See the APD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Air Products and Chemicals Business Description

Address 1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.
79GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$279.93
Price
$283.79
GF Value