Analysis of Inventory
Paying user area
Try for free
ON Semiconductor Corp. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to ON Semiconductor Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Inventory Disclosure
ON Semiconductor Corp., balance sheet: inventory
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Work in process | |||||||||||
| Finished goods | |||||||||||
| Inventories |
Based on: 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), 10-K (reporting date: 2019-12-31).
- Inventory Components
- Raw materials exhibit a consistent upward trend over the five-year period, starting at $138.4 million in 2019 and increasing significantly to $469.3 million by the end of 2023. This indicates a substantial buildup of raw material stock, particularly noticeable between 2022 and 2023.
- Work in process (WIP) also shows a steady increase each year, rising from $772.9 million in 2019 to $1.2211 billion in 2023. The incremental growth suggests ongoing expansion in production activities or longer manufacturing cycles.
- Finished goods inventory fluctuates less dramatically but still increases from $321.1 million in 2019 to a peak of $429.0 million in 2022 before dipping slightly to $421.4 million in 2023. This indicates relatively stable sales or inventory turnover towards the end of the period.
- Total Inventories
- Total inventory levels, encompassing raw materials, WIP, and finished goods, show a clear ascending trajectory from $1.2324 billion in 2019 to $2.1118 billion in 2023. The most pronounced growth occurs between 2022 and 2023, driven primarily by the surge in raw materials and sustained increases in WIP.
- Insights
- The overall growth in inventory suggests increased production capacity or anticipation of higher product demand. However, the significant rise in raw materials could point toward potential overstocking or supply chain strategy adjustments. The relative stability in finished goods inventory towards recent years may suggest consistent sales volume or improved inventory management in that category.