American Axle & Manufacturing (AXL)

Inventory turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cost of revenue (ttm) US$ in thousands 5,433,500 5,543,000 5,630,700 5,584,700 5,483,100 5,372,600 5,309,100 5,181,400 5,097,500 4,967,100 4,656,800 4,485,300 4,433,900 4,540,200 4,657,000 4,177,900 4,128,100 4,173,300 4,437,700 5,279,500
Inventory US$ in thousands 442,500 465,600 469,200 476,800 482,900 460,400 477,100 464,600 463,900 446,800 470,800 412,700 410,400 417,900 395,000 338,100 323,200 315,800 358,500 394,500
Inventory turnover 12.28 11.91 12.00 11.71 11.35 11.67 11.13 11.15 10.99 11.12 9.89 10.87 10.80 10.86 11.79 12.36 12.77 13.22 12.38 13.38

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,433,500K ÷ $442,500K
= 12.28

The inventory turnover of American Axle & Manufacturing has exhibited a fluctuating trend over the reported periods. Starting from a high of 13.38 in March 2020, the turnover decreased gradually to 9.89 in June 2022 before showing signs of recovery. The turnover ratio improved to 12.00 in June 2024, indicating a more efficient management of inventory during that period. Overall, the company's inventory turnover has hovered between 9.89 and 13.38, with the most recent data showing a turnover of 12.28 as of December 31, 2024. This suggests that American Axle & Manufacturing is effectively managing its inventory levels to meet demand or production requirements in a timely manner.