Inventory Disclosure
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Inventories | 34,214) | 33,318) | 34,405) | 32,640) | 23,795) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Inventories
- The inventory levels have shown an overall increasing trend from 2020 to 2024, starting at 23,795 million USD in 2020 and reaching 34,214 million USD by 2024. This represents a significant increase of approximately 44% over the five-year period.
- Specifically, inventories rose sharply from 23,795 million USD in 2020 to 32,640 million USD in 2021, an increase of around 37%. The upward trajectory continued in 2022, though at a slower pace, reaching 34,405 million USD. A slight decline was observed in 2023 when inventories decreased to 33,318 million USD but rebounded in 2024 to 34,214 million USD.
- This pattern suggests that the company has been generally expanding its inventory holdings over time, with a minor reduction in 2023 that was corrected in the subsequent year. The increase in inventories could indicate growing business activity or a strategic buildup in stock, but the dip in 2023 may reflect adjustments to demand or supply chain management strategies.