Vale (VALE) Change In Inventory : $-214 Mil (TTM As of Dec. 2023)

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What is Vale Change In Inventory?

Vale's change in inventory for the quarter that ended in Dec. 2023 was $403 Mil. It means Vale's inventory declined by $403 Mil from Sep. 2023 to Dec. 2023 .

Vale's change in inventory for the fiscal year that ended in Dec. 2023 was $-214 Mil. It means Vale's inventory increased by $214 Mil from Dec. 2022 to Dec. 2023 .

Vale's Total Inventories for the quarter that ended in Dec. 2023 was $4,684 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vale's Days Inventory for the quarter that ended in Dec. 2023 was 64.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vale's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.41.

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. Vale's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Vale Change In Inventory Historical Data

The historical data trend for Vale'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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Vale Change In Inventory Chart

Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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88.00

-183.00

-503.00

45.00

-214.00

Vale Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															941.00	-363.00	-157.00	-97.00	403.00

Vale 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-214 Mil.

Vale (NYSE:VALE) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4899	/	6891	*	365 / 4
	=	64.87

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

Vale's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6891	/	4899
	=	1.41

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.

Vale's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4899	/	13054
	=	0.38

Vale Change In Inventory Related Terms

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Vale (VALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (NYSE:VALE) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

VALE:Mexico 0LBF:UK XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.