Analysis of Inventory
Paying user area
Try for free
NVIDIA Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to NVIDIA Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Inventory Disclosure
NVIDIA Corp., balance sheet: inventory
US$ in millions
| Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||||
| Work in-process | |||||||||||||
| Finished goods | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
The financial data on inventory components over a six-year period reveals notable trends in the company's inventory management and valuation.
- Raw Materials
- The amount allocated to raw materials shows a marked increase overall. Starting at 249 million US dollars in early 2020, it peaked significantly at 2,430 million in 2023, before decreasing to 1,719 million in 2024 and then rising again to 3,408 million in 2025. This indicates substantial fluctuations with a strong upward trend between 2020 and 2025.
- Work in Process
- This category exhibits considerable variability. It began at 265 million US dollars in 2020, increased steadily to 692 million by 2022, then dropped to 466 million in 2023. Following this decline, there was a sharp rise to 1,505 million in 2024, continuing upward to 3,399 million in 2025. The data suggests fluctuating production stages with an overall upward trajectory in recent years.
- Finished Goods
- The finished goods inventory also showed significant growth but with different dynamics. It increased consistently from 465 million US dollars in 2020 to 1,122 million in 2022, then surged to 2,263 million in 2023. After a slight decrease to 2,058 million in 2024, it rose again to 3,273 million in 2025. This pattern indicates an overall expansion in stockpiled finished goods, albeit with minor short-term dips.
- Inventories (Total)
- Total inventory values have more than tenfold increase across the period. Starting at 979 million US dollars in 2020, the figure rose sharply over the years, reaching 5,159 million in 2023 and plateauing near that level at 5,282 million in 2024. In 2025, total inventories nearly doubled to 10,080 million. This substantial growth reflects either increased production scale, accumulation of inventory, or potentially shifts in supply chain strategies.
In summary, the data indicates that all components of inventory have grown significantly over the examined period, with raw materials and work in process showing the most pronounced increases in the latter years. The overall rise in total inventories is indicative of expanding operations or a strategic buildup of stock, which may have implications for working capital management and operational efficiency.