Analysis of Inventory
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Eaton Corp. plc pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Current Ratio since 2005
- Analysis of Debt
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Inventory Disclosure
Eaton Corp. plc, balance sheet: inventory
US$ in millions
| 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.