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American Axle and Manufacturing Holdings Inc  (AXL)
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American Axle And Manufacturing Holdings Inc's Working Capital Ratio

AXL's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


American Axle And Manufacturing Holdings Inc's Current Assets grew by 4.32 % in the I Quarter 2024 sequentially, faster than Current Liabilities, this led to improvement in American Axle And Manufacturing Holdings Inc's Working Capital Ratio to 1.73, Working Capital Ratio remained below American Axle and Manufacturing Holdings Inc average.

Within Auto & Truck Parts industry 22 other companies have achieved higher Working Capital Ratio than American Axle And Manufacturing Holdings Inc in first quarter 2024. While Working Capital Ratio total ranking has improved so far during the I Quarter 2024 to 1546, from total ranking in the forth quarter 2023 at 1950.

Explain Working Capital Ratio
How much in Current Assets AXL´s has?
What is the value of AXL´s Current Liabilities?


AXL Working Capital 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 Current Liabilities Change 3.1 % 0.13 % 3.03 % 1.96 % 4.21 %
Y / Y Current Assets Change 4.43 % 0.66 % 4.07 % 2.62 % -1.78 %
Working Capital Ratio MRQ 1.73 1.7 1.74 1.74 1.7
AXL's Total Ranking # 1546 # 1950 # 2686 # 2850 # 3041
Seq. Current Liabilities Change 2.85 % -3.87 % 1.19 % 3.06 % -0.12 %
Seq. Current Assets Change 4.32 % -6.2 % 1.4 % 5.24 % 0.56 %



Working Capital Ratio first quarter 2024 Company Ranking
Within: No.
Auto & Truck Parts Industry # 23
Consumer Discretionary Sector # 74
Overall Market # 1546


Working Capital Ratio Statistics
High Average Low
3.33 1.75 1.47
(Mar 31 2017)   (Mar 31 2019)




Financial Statements
American Axle And Manufacturing Holdings Inc's Current Liabilities $ 1,213 Millions Visit AXL's Balance sheet
American Axle And Manufacturing Holdings Inc's Current Assets $ 2,093 Millions Visit AXL's Balance sheet
Source of AXL's Sales Visit AXL's Sales by Geography


Cumulative American Axle And Manufacturing Holdings Inc's Working Capital Ratio

AXL's Working Capital Ratio for the trailling 12 Months

AXL Working Capital 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 Current Liabilities TTM Growth 3.1 % 0.13 % 3.03 % 1.96 % 4.21 %
Y / Y Current Assets TTM Growth 4.43 % 0.66 % 4.07 % 2.62 % -1.78 %
Working Capital Ratio TTM 1.73 1.72 1.72 1.72 1.71
Total Ranking TTM # 1900 # 1548 # 1991 # 4048 # 1359
Seq. Current Liabilities TTM Growth 2.85 % -3.87 % 1.19 % 3.06 % -0.12 %
Seq. Current Assets TTM Growth 4.32 % -6.2 % 1.4 % 5.24 % 0.56 %


On the trailing twelve months basis AXL Current Assets improved by 4.43 % in I Quarter 2024 year on year, faster than Current Liabilities, this led to increase in in American Axle And Manufacturing Holdings Inc's Working Capital Ratio to 1.73, Working Capital Ratio remained below AXL average.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 29 other companies have achieved higher Working Capital Ratio than American Axle And Manufacturing Holdings Inc. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the forth quarter 2023 from 1548 to 1900.

Explain Working Capital Ratio
How much in Current Assets AXL´s has?
What is the value of AXL´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 30
Consumer Discretionary Sector # 96
Within the Market # 1900


trailing twelve months Working Capital Ratio Statistics
High Average Low
2.26 1.76 1.54
(Mar 31 2017)   (Jun 30 2019)




Companies with similar Working Capital Ratio in the quarter ending Mar 31 2024, within Auto & Truck Parts Industry Working Capital RatioMar 31 2024 MRQ Current AssetsMar 31 2024 MRQ Current Liabilities
China Automotive Systems inc   4.73 $ 570.432  Millions$ 120.719  Millions
Livewire Group Inc   4.13 $ 182.404  Millions$ 44.133  Millions
Luminar Technologies Inc   3.86 $ 306.637  Millions$ 79.495  Millions
Gentex Corporation  3.52 $ 1,072.595  Millions$ 304.411  Millions
Aeye Inc   3.48 $ 31.278  Millions$ 8.990  Millions
Fox Factory Holding Corp   3.43 $ 765.463  Millions$ 223.025  Millions
Lci Industries  3.15 $ 1,169.459  Millions$ 371.718  Millions
Holley Inc   2.85 $ 289.808  Millions$ 101.724  Millions
Envirotech Vehicles Inc   2.81 $ 12.643  Millions$ 4.495  Millions
Standard Motor Products Inc   2.66 $ 796.436  Millions$ 299.212  Millions
Dorman Products Inc   2.50 $ 1,162.819  Millions$ 465.620  Millions
Stoneridge Inc  2.39 $ 431.343  Millions$ 180.246  Millions
Patrick Industries Inc   2.38 $ 859.374  Millions$ 360.542  Millions
Commercial Vehicle Group Inc   2.30 $ 356.196  Millions$ 154.965  Millions
Bwx Technologies Inc   2.24 $ 864.663  Millions$ 386.825  Millions
Atmus Filtration Technologies Inc   2.00 $ 699.400  Millions$ 349.400  Millions
Phinia Inc   1.86 $ 1,917.000  Millions$ 1,032.000  Millions
Visteon Corp  1.80 $ 1,630.000  Millions$ 907.000  Millions
American Axle and Manufacturing Holdings Inc  1.73 $ 2,093.200  Millions$ 1,213.300  Millions
Lkq Corporation  1.70 $ 5,202.000  Millions$ 3,059.000  Millions
Dana Inc   1.63 $ 4,102.000  Millions$ 2,524.000  Millions
Harley davidson Inc   1.54 $ 5,385.905  Millions$ 3,491.324  Millions
Borgwarner Inc   1.54 $ 5,957.000  Millions$ 3,869.000  Millions
Cooper standard Holdings Inc   1.39 $ 892.837  Millions$ 640.045  Millions
Worksport Ltd  1.37 $ 10.745  Millions$ 7.844  Millions
Lear Corp  1.33 $ 7,907.700  Millions$ 5,943.000  Millions
Aptiv Plc  1.29 $ 7,691.000  Millions$ 5,956.000  Millions
Genuine Parts Co  1.14 $ 9,806.305  Millions$ 8,639.486  Millions
Adient Plc  1.13 $ 4,125.000  Millions$ 3,658.000  Millions
Cummins Inc   1.12 $ 13,079.000  Millions$ 11,686.000  Millions

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



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