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GE Vernova (GE Vernova) Change In Inventory : $-717 Mil (TTM As of Mar. 2024)


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What is GE Vernova Change In Inventory?

GE Vernova's change in inventory for the quarter that ended in Mar. 2024 was $-717 Mil. It means GE Vernova's inventory increased by $717 Mil from Dec. 2023 to Mar. 2024 .

GE Vernova's change in inventory for the fiscal year that ended in Dec. 2023 was $-240 Mil. It means GE Vernova's inventory increased by $240 Mil from Dec. 2022 to Dec. 2023 .

GE Vernova's Total Inventories for the quarter that ended in Mar. 2024 was $8,859 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GE Vernova's Days Inventory for the quarter that ended in Mar. 2024 was 127.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. GE Vernova's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. GE Vernova's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.

GE Vernova Change In Inventory Historical Data

The historical data trend for GE Vernova's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GE Vernova Change In Inventory Chart

GE Vernova Annual Data
Trend Dec21 Dec22 Dec23
Change In Inventory
400.00 -949.00 -240.00

GE Vernova Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Change In Inventory - - -739.00 - -717.00

GE Vernova Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-717 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GE Vernova  (NYSE:GEV) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

GE Vernova's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=8556/6109*365 / 4
=127.80

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

GE Vernova's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6109 / 8556
=0.71

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

GE Vernova's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=8556 / 7259
=1.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

GE Vernova Change In Inventory Related Terms

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GE Vernova (GE Vernova) Business Description

Industry
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Y5C:Germany
Address
58 Charles Street, Cambridge, MA, USA
Website
https://www.gevernova.com
GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

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