American Axle & Manufacturing (AXL)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		12.29	12.68	12.11	12.15	11.97	12.20	10.93	12.06	12.03	2.80	3.20	2.28	3.82	17.68	17.02	17.36	17.55	15.36	12.98	13.45
DOH	days	29.70	28.79	30.14	30.05	30.50	29.92	33.40	30.28	30.34	130.31	114.11	159.81	95.67	20.65	21.45	21.03	20.80	23.76	28.11	27.14

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.29
= 29.70

American Axle & Manufacturing Holdings Inc's days of inventory on hand (DOH) has shown relatively stable performance over the past eight quarters, ranging from a low of 31.28 days to a high of 36.90 days. The company has managed to keep its inventory levels in check, with a slight increase in DOH observed in the second quarter of 2022. Overall, the average DOH for the company during this period is approximately 33 days, indicating that, on average, the company holds its inventory for about a month before selling it. It would be beneficial for the company to monitor and manage inventory levels effectively to optimize working capital and minimize the risk of inventory obsolescence.