Analysis of Inventory
Inventory Disclosure
Apache Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventories | 570) | 708) | 891) | 908) | 655) |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
The inventory levels from 2011 to 2015 exhibit a cyclical pattern characterized by an initial sharp increase followed by a sustained three-year decline.
- Growth Phase (2011-2012)
- A significant increase in inventory is observed between December 31, 2011, and December 31, 2012, where values rose from 655 million USD to 908 million USD. This represents a growth of approximately 38.6% within a single fiscal year.
- Peak and Stabilization (2012-2013)
- Inventory levels reached a peak in 2012. A period of relative stability followed, with a marginal decrease to 891 million USD by December 31, 2013, indicating a plateau in inventory accumulation.
- Contraction Phase (2013-2015)
- A consistent downward trend is evident starting in 2014. Inventory decreased to 708 million USD in 2014 and continued to fall to 570 million USD by December 31, 2015. This trajectory indicates a reduction of approximately 36.6% from the 2012 peak to the 2015 year-end balance.
The overall trend indicates that by the end of the analyzed period, inventory levels had fallen below the baseline established in 2011. The transition from expansion to a steady contraction suggests a strategic shift in asset management or a response to changing operational requirements.
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