Work in process
Air Products and Chemicals Work in process increased by 9.8% to $42.40M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 14.2%, from $49.40M to $42.40M. Over 5 years (FY 2020 to FY 2025), Work in process shows an upward trend with a 14.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
inv_work_in_progressHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $25.60M | $24.00M | $25.70M | $22.30M | $23.00M | $22.00M | $25.10M | $27.20M | $25.70M | $28.40M | $32.30M | $33.30M | $35.10M | $42.20M | $47.90M | $49.40M | $49.40M | $42.40M | $38.60M | $42.40M |
| QoQ Change | — | -6.3% | +7.1% | -13.2% | +3.1% | -4.3% | +14.1% | +8.4% | -5.5% | +10.5% | +13.7% | +3.1% | +5.4% | +20.2% | +13.5% | +3.1% | +0.0% | -14.2% | -9.0% | +9.8% |
| YoY Change | — | — | — | — | -10.2% | -8.3% | -2.3% | +22.0% | +11.7% | +29.1% | +28.7% | +22.4% | +36.6% | +48.6% | +48.3% | +48.3% | +40.7% | +0.5% | -19.4% | -14.2% |
| % of Inventories | 5.7% | 5.3% | 5.3% | 4.4% | 4.5% | 4.3% | 4.0% | 4.2% | 3.9% | 4.4% | 4.6% | 4.6% | 4.6% | 5.5% | 6.5% | 6.4% | 6.2% | 5.5% | 4.9% | 5.5% |
| Share Change | — | -0.4pp | -0.0pp | -0.9pp | +0.1pp | -0.2pp | -0.3pp | +0.3pp | -0.3pp | +0.5pp | +0.2pp | +0.1pp | +0.0pp | +0.9pp | +1.0pp | -0.1pp | -0.2pp | -0.7pp | -0.6pp | +0.6pp |
Work in process at Other Companies
Frequently Asked Questions
- What is Air Products and Chemicals's work in process?
- Air Products and Chemicals (APD) reported work in process of $42.40M in Q1 2026.
- How has Air Products and Chemicals's work in process changed year-over-year?
- Air Products and Chemicals's work in process decreased by 14.2% year-over-year, from $49.40M to $42.40M.
- What is the long-term trend for Air Products and Chemicals's work in process?
- Over 5 years (2020 to 2025), Air Products and Chemicals's work in process has grown at a 14.8% compound annual growth rate (CAGR), from $21.30M to $42.40M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.