Analysis of Inventory
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- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Inventory Disclosure
Honeywell International Inc., balance sheet: inventory
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Work in process | |||||||||||
| Finished products | |||||||||||
| Inventories |
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).
The analysis of inventory-related financial items over the five-year period reveals notable trends and fluctuations across the different categories.
- Raw materials
- Raw materials values increased from 1,079 million USD in 2020 to a peak of 1,704 million USD in 2023. However, there was a decline in 2024 to 1,528 million USD. This indicates an overall growth in raw material holdings initially, followed by a reduction in the most recent year, which could suggest more efficient material usage or changes in procurement strategies.
- Work in process
- This category shows a consistent upward trend throughout the period, growing from 798 million USD in 2020 to 1,346 million USD in 2024. The steady increase indicates an expansion in production activities or longer processing times, reflecting possibly higher demand or capacity utilization.
- Finished products
- Finished goods inventory also displayed continuous growth from 2,612 million USD in 2020 to 3,568 million USD in 2024. The increment suggests accumulation of completed goods, which may point to either increased production outputs or slower sales turnover rates.
- Inventories (total)
- Total inventory values rose steadily over the period, moving from 4,489 million USD in 2020 to 6,442 million USD in 2024. This overall growth is consistent with the observed increases in all subcategories, highlighting an expanding inventory base that could impact working capital requirements and operational liquidity.
In summary, the inventory data portrays a trend of expansion in work in process and finished products, with raw materials exhibiting some volatility in the last reported year. The increasing inventory levels overall suggest scaling operations, yet the recent decrease in raw materials may indicate initial steps toward inventory optimization.