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Axalta Coating Systems (LTS:0U6C) Inventory-to-Revenue : 0.58 (As of Dec. 2023)


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What is Axalta Coating Systems Inventory-to-Revenue?

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. Axalta Coating Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $746 Mil. Axalta Coating Systems's Revenue for the three months ended in Dec. 2023 was $1,297 Mil. Axalta Coating Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Axalta Coating Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (0.58) to Sep. 2023 (0.58)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Axalta Coating Systems's Days Inventory for the three months ended in Dec. 2023 was 77.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axalta Coating Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.


Axalta Coating Systems Inventory-to-Revenue Historical Data

The historical data trend for Axalta Coating Systems's Inventory-to-Revenue 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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Axalta Coating Systems Inventory-to-Revenue Chart

Axalta Coating Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.15 0.14 0.15 0.15

Axalta Coating Systems Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory-to-Revenue 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 0.67 0.63 0.61 0.58 0.58

Competitive Comparison of Axalta Coating Systems's Inventory-to-Revenue

For the Specialty Chemicals subindustry, Axalta Coating Systems's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Axalta Coating Systems's Inventory-to-Revenue Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Axalta Coating Systems's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Axalta Coating Systems's Inventory-to-Revenue falls into.



Axalta Coating Systems Inventory-to-Revenue Calculation

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.

Axalta Coating Systems's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (829.6 + 741.1) / 2 ) / 5184.1
=785.35 / 5184.1
=0.15

Axalta Coating Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (750 + 741.1) / 2 ) / 1297.3
=745.55 / 1297.3
=0.57

* 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.


Axalta Coating Systems  (LTS:0U6C) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Axalta Coating Systems's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=745.55/873.8*365 / 4
=77.86

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

Axalta Coating Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=873.8 / 745.55
=1.17

* 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.


Axalta Coating Systems Inventory-to-Revenue Related Terms

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Axalta Coating Systems (LTS:0U6C) Business Description

Traded in Other Exchanges
Address
50 Applied Bank Boulevard, Suite 300, Glen Mills, PA, USA, 19342
Axalta Coating Systems Ltd is a manufacturer, marketer and distributor of high-performance coatings systems. It operates in two segments, The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. Its end markets include refinish and industrial. The Mobility Coatings segment relates to the provision of coating technologies to original equipment manufacturers of light and commercial vehicles. The company operates in the geographic areas of North America, EMEA countries, Asia-Pacific and Latin America.

Axalta Coating Systems (LTS:0U6C) Headlines

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