Analysis of Inventory
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Inventory Disclosure
Micron Technology Inc., balance sheet: inventory
US$ in millions
| Aug 28, 2025 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||||
| Work in process | |||||||||||||
| Raw materials and supplies | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03).
- Inventory Levels
- Over the examined period, total inventories exhibited a notable upward trend from 5,607 million US dollars in the earliest year to a peak of 8,875 million in the penultimate year, before a slight decline to 8,355 million in the final year.
- Finished Goods
- Finished goods inventory showed considerable fluctuation, initially decreasing sharply from 1,001 million to 513 million in the second year, then rebounding to 1,028 million. Subsequently, there was a significant increase reaching 1,616 million, followed by gradual declines to 1,308 million and then 1,094 million, indicating variability possibly related to sales cycles or production adjustments.
- Work in Process
- Work in process inventory consistently increased from 3,854 million in the first year to a peak of 6,774 million in the fifth year, slightly contracting to 6,401 million in the last year. This upward trend suggests an expansion in production activity or longer production cycles over time.
- Raw Materials and Supplies
- Raw materials and supplies showed some variation, declining from 752 million to 505 million in the second year, then rising gradually to 860 million by the final year with minor fluctuations. This pattern may reflect procurement strategies or demand forecasts impacting raw material holdings.
- Overall Insights
- The overall increase in inventory levels, especially driven by work in process and finished goods, may imply increased production capacity or inventory buildup in anticipation of future sales. The fluctuations in finished goods inventories suggest variability in market demand or inventory management policies. The trends observed indicate an active adjustment process in inventory management responding to operational and market conditions.