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American Axle and Manufacturing Holdings Inc  (AXL)
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American Axle And Manufacturing Holdings Inc Inventory Turnover Ratio (COS)

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

American Axle And Manufacturing Holdings Inc inventory turnover ratio, the American Axle And Manufacturing Holdings Inc's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 11.66 in the first quarter 2024, yet the ratio remained below the average, as AXL's market remain challenging.Average inventory processing period, for the American Axle And Manufacturing Holdings Inc in Mar 31 2024 quarter, has decreased to 31 days, compare to 32 days, in the Dec 31 2023 quarter.

Within Consumer Discretionary sector 3 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the I Quarter 2024, to 110, from total ranking in the forth quarter 2023 at 146.

AXL Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is American Axle And Manufacturing Holdings Inc Market Share?

What is Inventory Turnover Ratio?


AXL Inventory Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Inventory Growth 2.63 % 4.1 % 3.04 % 1.34 % 12.58 %
Y / Y Cost of Sales Growth 5.6 % 6.79 % 4.65 % 10.06 % 6.72 %
Inventory Turnover Ratio (TTM) 11.66 11.58 11.52 11.46 11.23
AXL's Total Ranking # 110 # 146 # 146 # 177 # 278
Average inventory processing period 31 32 32 32 33
Seq. Inventory Growth -1.26 % 4.89 % -3.5 % 2.69 % 0.15 %
Seq. Cost of Sales Growth 7.59 % -7.9 % 2.08 % 4.4 % 8.8 %



Inventory Turnover Ratio Company Ranking
Within: No.
Auto & Truck Parts Industry # 4
Consumer Discretionary Sector # 4
Overall Market # 110

Inventory Turnover Ratio Statistics
High Average Low
14.84 12.88 10.88
(Mar 31 2018)   (Jun 30 2022)




Financial Statements
American Axle And Manufacturing Holdings Inc's Inventories $ 477 Millions Visit AXL's Balance sheet
American Axle And Manufacturing Holdings Inc's Cost of Revenues TTM $ 5,530 Millions Visit AXL's Income Statement
What are AXL's Sales? Visit AXL's Sales by Segment

Other Inventory Turnover Ratios
American Axle And Manufacturing Holdings Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Auto & Truck Parts Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
AXL's Inventory Turnover Ratio versus Auto & Truck Parts Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for AXL's Competitors
Inventory Turnover Ratio for AXL's Suppliers
Inventory Turnover Ratio for AXL's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Mar 31 2024 Inventories at quarter ending Mar 31 2024
Adient Plc  16.96 $ 14,166.000  Millions$ 836  Millions
Cooper standard Holdings Inc   14.84 $ 2,499.000  Millions$ 168  Millions
Lear Corp  12.56 $ 21,937.500  Millions$ 1,746  Millions
American Axle and Manufacturing Holdings Inc  11.66 $ 5,529.700  Millions$ 474  Millions
Garrett Motion Inc   10.84 $ 3,092.000  Millions$ 285  Millions
Visteon Corp  10.64 $ 3,424.000  Millions$ 322  Millions
Graybar Electric Company Inc   9.90 $ 8,877.600  Millions$ 897  Millions
Cheetah Net Supply Chain Service inc   9.48 $ 33.228  Millions$ 4  Millions
Luminar Technologies Inc   8.77 $ 143.867  Millions$ 16  Millions
Masterbrand Inc   8.31 $ 2,258.200  Millions$ 272  Millions
Jakks Pacific Inc   8.26 $ 480.953  Millions$ 58  Millions
General Motors Company  8.22 $ 143,079.000  Millions$ 17,412  Millions
Cintas Corporation  7.89 $ 3,808.711  Millions$ 483  Millions
Otis Worldwide Corporation  7.80 $ 4,812.000  Millions$ 617  Millions
Borgwarner Inc   7.65 $ 11,151.000  Millions$ 1,459  Millions
Aptiv Plc  6.94 $ 16,577.000  Millions$ 2,387  Millions
Whirlpool Corp  6.84 $ 16,247.000  Millions$ 2,375  Millions
Sleep Number Corporation  6.84 $ 776.000  Millions$ 114  Millions
Phinia Inc   6.82 $ 3,447.000  Millions$ 506  Millions
Shyft Group Inc   6.52 $ 683.485  Millions$ 105  Millions
Commercial Vehicle Group Inc   6.50 $ 837.500  Millions$ 129  Millions
Atmus Filtration Technologies Inc   5.97 $ 1,498.500  Millions$ 251  Millions
Dana Inc   5.77 $ 9,731.000  Millions$ 1,686  Millions
Steven Madden Ltd   5.72 $ 1,207.992  Millions$ 211  Millions
Acuity Brands Inc   5.61 $ 2,119.700  Millions$ 378  Millions
Tempur Sealy International Inc   5.56 $ 2,763.800  Millions$ 497  Millions
Tesla Inc   5.40 $ 77,900.000  Millions$ 14,434  Millions
Lsi Industries Inc   5.29 $ 326.772  Millions$ 62  Millions
Carter s Inc   5.22 $ 3,019.096  Millions$ 578  Millions
Patrick Industries Inc   5.16 $ 2,707.144  Millions$ 524  Millions

Date modified: 2024-05-04T06:38:00+00:00



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