Analysis of Inventory
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- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
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Inventory Disclosure
Qualcomm Inc., balance sheet: inventory
US$ in millions
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||||
| Work-in-process | |||||||||||||
| Finished goods | |||||||||||||
| Inventories |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
- Inventory Trends Over the Period
- The total inventory levels showed a substantial increase from 1400 million US dollars in 2019 to 6423 million US dollars in 2024, indicating a more than fourfold growth over the six-year span.
- Raw Materials
- Raw materials values fluctuated across the periods, starting at 77 million in 2019 and reaching a peak of 340 million in 2024. Notably, there was a significant rise between 2023 and 2024, where the value almost doubled from 176 million to 340 million. Earlier years showed moderate increases with a substantial jump in 2021.
- Work-in-Process (WIP)
- The work-in-process category exhibited a consistent upward trajectory from 667 million in 2019 to a peak of 4096 million in 2023, followed by a slight decline to 3497 million in 2024. The increase is particularly pronounced between 2021 and 2023, where values nearly tripled from 1475 million to 4096 million.
- Finished Goods
- Finished goods values increased from 656 million in 2019 to a peak of 2791 million in 2022. However, there was a notable decline in 2023 to 2150 million, followed by a recovery to 2586 million in 2024. The trend suggests variability in finished goods levels with a peak in 2022 and subsequent adjustment.
- Insights on Inventory Composition
- The composition of inventory reveals that work-in-process and finished goods constitute the larger share of the total inventories and exhibit greater volatility compared to raw materials. The significant growth in work-in-process inventories suggests expanded production activities or potential buildup in intermediate goods. Meanwhile, fluctuations in finished goods may reflect changes in sales, demand, or inventory management strategies.