Stock Analysis on Net

Dell Technologies Inc. (NYSE:DELL)

$24.99

Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Dell Technologies Inc., balance sheet: inventory

US$ in millions

Microsoft Excel
Jan 31, 2025 Feb 2, 2024 Feb 3, 2023 Jan 28, 2022 Jan 29, 2021 Jan 31, 2020
Production materials
Work-in-process
Finished goods
Inventories

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).


The financial data exhibit significant fluctuations and notable trends in inventory components over the six-year period analyzed.

Production materials
This category shows an overall increasing trend, with a marked rise from $1,590 million in early 2020 to $4,432 million in early 2025. Despite some volatility, including a peak in 2022 at $3,653 million followed by a dip in 2024, the value nearly triples over the entire period, indicating heightened investment in raw material stocks.
Work-in-process
Work-in-process inventories display a generally upward trajectory, increasing from $563 million in 2020 to $1,128 million in 2025. Minor declines occur in 2023 and 2024, but the overall growth suggests an expansion or intensification in production activities or longer processing times.
Finished goods
This category experiences more volatility. Starting at $1,128 million in 2020, it decreases to $843 million in 2023 and $694 million in 2024 before rising again to $1,156 million in 2025. This pattern may reflect changes in sales cycles, inventory management strategies, or market demand fluctuations.
Inventories (total)
The sum of inventories parallels the trends observed in its components, growing from $3,281 million in 2020 to a peak of $6,716 million in 2025. Despite interim declines in 2023 and 2024, the total inventory value nearly doubles across the timeframe, indicative of increased stockholding or potentially slower inventory turnover in recent years.