Analysis of Inventory
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Inventory Disclosure
Micron Technology Inc., balance sheet: inventory
US$ in millions
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | Aug 29, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finished goods | |||||||||||||
| Work in process | |||||||||||||
| Raw materials and supplies | |||||||||||||
| Inventories |
Based on: 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), 10-K (reporting date: 2019-08-29).
The inventory levels of the company over the examined periods show a general upward trend, with fluctuations across different inventory categories.
- Finished Goods
- The value of finished goods inventory increased from 757 million USD in 2019 to a peak of 1616 million USD in 2023, representing significant growth. However, in 2024, there was a decline to 1308 million USD, indicating a reduction in finished goods on hand after the prior increase.
- Work in Process
- The largest component of inventory, work in process, displayed a mostly rising trend from 3825 million USD in 2019 to 6774 million USD in 2024. There was a slight decline in 2021 to 3469 million USD but was followed by consistent growth through 2024. This rising pattern suggests increasing investment in production activities or longer production cycles.
- Raw Materials and Supplies
- Raw materials and supplies fluctuated moderately, starting at 536 million USD in 2019 and reaching 793 million USD in 2024. The values varied year-to-year, with dips in 2021 and 2023, reflecting adjustments in procurement or consumption patterns.
- Total Inventories
- Total inventory values rose from 5118 million USD in 2019 to 8875 million USD in 2024, showing an overall growth of approximately 73%. The inventory buildup was especially pronounced after 2020, with a notable surge from 4487 million USD in 2021 to 8387 million USD in 2023, highlighting increased stockholding which may be related to operational scaling or supply chain considerations.