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Ashland Inc   (ASH)
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Ashland Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Ashland Inc 's inventory turnover ratio, the ratio that measures Ashland Inc 's ability to manage its supply chain, sequentially decreased to 2.18 in the fourth quarter 2023, which does not come as a surprise, as the Ashland Inc continue to experience headwinds, which also impact its supply chain. Ashland Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 167 days, from 164 days, in the Jun 30 2023 quarter.

Within Basic Materials sector 195 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 226 in the third quarter 2023, to 1196.

ASH Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Ashland Inc Market Share?

What is Inventory Turnover Ratio?


ASH Inventory Turnover Ratio (Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
(Sep 30 2022)
IV. Quarter
Y / Y Inventory Growth -0.48 % 16.91 % 27.4 % 36.6 % 32.98 %
Y / Y Cost of Sales Growth -7.82 % -8.91 % 5.73 % 2.56 % 90.95 %
Inventory Turnover Ratio (TTM) 2.18 2.23 2.37 2.48 2.67
ASH's Total Ranking # 1196 # 226 # 1095 # 1441 # 1286
Average inventory processing period 167 164 154 147 137
Seq. Inventory Growth -12.08 % -2.47 % 0.83 % 15.1 % 3.28 %
Seq. Cost of Sales Growth 5.71 % -9.36 % 12.78 % -14.69 % 4.46 %



Inventory Turnover Ratio Company Ranking
Within: No.
Chemical Manufacturing Industry # 55
Basic Materials Sector # 196
Overall Market # 1196

Inventory Turnover Ratio Statistics
High Average Low
13.42 6.82 2.18
(Sep. 30, 2006)   (Sep 30 2023)




Financial Statements
Ashland Inc 's Inventories $ 626 Millions Visit ASH's Balance sheet
Ashland Inc 's Cost of Revenues TTM $ 1,523 Millions Visit ASH's Income Statement
What are ASH's Sales? Visit ASH's Sales by Segment

Other Inventory Turnover Ratios
Ashland Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Chemical Manufacturing Industry Inventory Turnover Trends and Statistics
Basic Materials Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
ASH's Inventory Turnover Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for ASH's Competitors
Inventory Turnover Ratio for ASH's Suppliers
Inventory Turnover Ratio for ASH's Customers

You may also want to know
ASH's Sales Growth Rates ASH's Pe Price to earnings ratio ASH's Receivables Turnover Ratio ASH's Stock Quote
ASH's Net Income Growth Rates ASH's Ps Price to Sales ratio ASH's Sales per Employee ASH's Asset Turnover Ratio
ASH's Net Margin ASH's Pb Price to Book ratio ASH's Financial Strength Ratios ASH's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Basic Materials Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Westrock Company  6.69 $ 16,725.000  Millions$ 2,500  Millions
Bluelinx Holdings Inc   6.63 $ 2,712.000  Millions$ 409  Millions
United States Steel Corp  6.52 $ 15,886.000  Millions$ 2,436  Millions
Jeld wen Holding Inc   6.46 $ 3,829.744  Millions$ 593  Millions
Trex Co Inc  6.37 $ 642.982  Millions$ 101  Millions
Commercial Metals Company  6.35 $ 7,033.260  Millions$ 1,107  Millions
Worthington Industries Inc  6.32 $ 4,009.556  Millions$ 634  Millions
Gibraltar Industries Inc   6.32 $ 1,014.711  Millions$ 161  Millions
Gms inc   6.31 $ 3,632.996  Millions$ 576  Millions
Kimberly clark Corporation  6.25 $ 13,503.000  Millions$ 2,161  Millions
Sylvamo Corporation  6.17 $ 2,795.000  Millions$ 453  Millions
Packaging Corp Of America  6.17 $ 6,103.800  Millions$ 990  Millions
Dow Inc   6.15 $ 40,752.000  Millions$ 6,628  Millions
Stepan Company  6.14 $ 2,140.870  Millions$ 349  Millions
Avery Dennison Corporation  6.12 $ 6,098.000  Millions$ 997  Millions
Tredegar Corporation  6.08 $ 619.443  Millions$ 102  Millions
Advansix Inc   5.99 $ 1,339.878  Millions$ 224  Millions
Fathom Digital Manufacturing Corporation  5.94 $ 98.694  Millions$ 17  Millions
Westlake Corporation  5.92 $ 10,434.000  Millions$ 1,763  Millions
Ryerson Holding Corporation  5.87 $ 4,346.600  Millions$ 740  Millions
The Clorox Company  5.86 $ 4,221.000  Millions$ 721  Millions
Aspen Aerogels Inc   5.83 $ 170.801  Millions$ 29  Millions
Myers Industries Inc   5.82 $ 567.440  Millions$ 97  Millions
Ball Corp  5.81 $ 11,685.000  Millions$ 2,010  Millions
Procter and Gamble Co  5.81 $ 42,415.000  Millions$ 7,304  Millions
Mueller Industries Inc   5.73 $ 2,517.928  Millions$ 440  Millions
Olin Corporation  5.70 $ 5,831.100  Millions$ 1,023  Millions
O i Glass Inc   5.63 $ 5,634.000  Millions$ 1,001  Millions
Masonite International Corporation  5.58 $ 2,188.000  Millions$ 392  Millions
Kaiser Aluminum Corporation  5.53 $ 2,835.700  Millions$ 512  Millions

Date modified: 2023-11-21T23:35:29+00:00



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