Manufacturers' Inventories to Shipments Ratios: Leather and Allied Products : 2.38 (As of 2024-11-01)
Basic Info
This measures the ratio of unsold inventories of leather goods and related products to the value of products shipped during a given period. This ratio is used to assess how efficiently manufacturers are managing their inventories relative to sales. A rising ratio indicates a buildup in inventories, potentially due to weaker demand or overproduction, while a declining ratio suggests stronger demand and more efficient inventory turnover.
Monthly , seasonally adjusted .
Manufacturers' Inventories to Shipments Ratios: Leather and Allied Products was 2.38 as of 2024-11-01, according to United States Census Bureau. Historically, Manufacturers' Inventories to Shipments Ratios: Leather and Allied Products reached a record high of 3.47 and a record low of 1.46, the median value is 1.96. Typical value range is from 1.9 to 2.54. The Year-Over-Year growth is -0.42%. GuruFocus provides the current actual value, an historical data chart and related indicators for Manufacturers' Inventories to Shipments Ratios: Leather and Allied Products - last updated on 2024-11-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | United States Census Bureau |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 2.38 | ||
| Latest Period | 2024-11-01 | ||
| Long Term Average | 2.22 | ||
| Average Annualized Growth Rate | +0.7% | ||
| Value from 1 year ago | 2.39 | ||
| Change from 1 year ago | -0.42% | ||
| Frequency | Daily | ||
| Unit | Ratio | ||
| Download Source | source link |
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