GLOBALFOUNDRIES (GLOBALFOUNDRIES) Change In Inventory : $-244 Mil (TTM As of Mar. 2024)

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What is GLOBALFOUNDRIES Change In Inventory?

GLOBALFOUNDRIES's change in inventory for the quarter that ended in Mar. 2024 was $-180 Mil. It means GLOBALFOUNDRIES's inventory increased by $180 Mil from Dec. 2023 to Mar. 2024 .

GLOBALFOUNDRIES's change in inventory for the fiscal year that ended in Dec. 2023 was $-148 Mil. It means GLOBALFOUNDRIES's inventory increased by $148 Mil from Dec. 2022 to Dec. 2023 .

GLOBALFOUNDRIES's Total Inventories for the quarter that ended in Mar. 2024 was $1,667 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GLOBALFOUNDRIES's Days Inventory for the quarter that ended in Mar. 2024 was 124.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. GLOBALFOUNDRIES's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.73.

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. GLOBALFOUNDRIES's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.02.

GLOBALFOUNDRIES Change In Inventory Historical Data

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

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-42.33

-560.00

-202.00

-261.00

-148.00

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial													-84.00	-81.00	-5.00	22.00	-180.00

GLOBALFOUNDRIES 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 $-244 Mil.

GLOBALFOUNDRIES (NAS:GFS) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1577	/	1156	*	365 / 4
	=	124.48

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1156	/	1577
	=	0.73

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1577	/	1549
	=	1.02

GLOBALFOUNDRIES Change In Inventory Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Change In Inventory

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Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.