Air Products & Chemicals (MIL:1APD) Inventory Turnover : 2.68 (As of Mar. 2025)

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What is Air Products & Chemicals Inventory Turnover?

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 & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2025 was €1,900 Mil. Air Products & Chemicals's Average Total Inventories for the quarter that ended in Mar. 2025 was €709 Mil. Air Products & Chemicals's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Air Products & Chemicals's Days Inventory for the three months ended in Mar. 2025 was 34.05.

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 & Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.26.

Air Products & Chemicals Inventory Turnover Historical Data

The historical data trend for Air Products & 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.

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Air Products & Chemicals Inventory Turnover Chart

Air Products & Chemicals Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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14.29

16.75

20.84

14.65

11.32

Air Products & Chemicals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															2.79	2.73	2.72	2.76	2.68

Air Products & Chemicals Inventory Turnover Calculation

Air Products & Chemicals's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	7359.999	/ (	(610.737	+	690.166)	/	2 )
=	7359.999	/	650.4515
=	11.32

Air Products & Chemicals's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	1899.858	/ (	(705.745	+	711.972)	/	2 )
=	1899.858	/	708.8585
=	2.68

Air Products & Chemicals (MIL:1APD) 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 & Chemicals's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	708.8585	/	1899.858	*	365 / 4
	=	34.05

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 & Chemicals's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	708.8585	/	2697.485
	=	0.26

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 & Chemicals Inventory Turnover Related Terms

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Air Products & Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Air Products & Chemicals Inc (MIL:1APD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

APD:USA APD:Mexico 0HBH:UK AP3:Germany AP3:Germany AP3:Germany A1PD34:Brazil APCD:Austria

Address

1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500

Website

https://www.airproducts.com

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 largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.1 billion in revenue in fiscal 2024.

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