Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

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Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Eaton Corp. plc, balance sheet: inventory

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Raw materials
Work-in-process
Finished goods
Inventory

Based on: 10-K (reporting date: 2024-12-31), 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).


Raw materials
The value of raw materials shows a consistently rising trend over the five-year period. Starting at 803 million US dollars in 2020, it increased continuously each year, reaching 1613 million US dollars by the end of 2024. This represents a doubling of raw materials value, indicating increased procurement or stockpiling of these inputs.
Work-in-process
Work-in-process inventory also exhibits steady growth throughout the period. Beginning at 498 million US dollars in 2020, it rose each year, culminating at 1038 million US dollars in 2024. This consistent upward movement suggests increased production activity or accumulation of goods still in production.
Finished goods
The finished goods inventory generally increased over the analyzed timeframe. Starting at 808 million US dollars in 2020, it grew considerably to 1253 million in 2021 and further increased to 1374 million in 2022. There was a slight decrease in 2023 to 1354 million, but it rebounded to its highest point of 1576 million in 2024. The dip in 2023 might indicate a temporary change in sales or production strategies, but the overall trend remains upward.
Total inventory
Total inventory, as a sum of raw materials, work-in-process, and finished goods, reveals a clear increasing trend from 2109 million US dollars in 2020 to 4227 million in 2024. The inventory nearly doubled over five years, reflecting expanding scale of operations, possible stock accumulation, or supply chain adjustments. The steady increase aligns with the growth observed in each individual category of inventory.