Analysis of Inventory
Inventory Disclosure
HCA Healthcare Inc., balance sheet: inventory
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventories | 1,986) | 2,025) | 1,849) | 1,732) | 1,573) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
An analysis of inventory levels between 2017 and 2021 reveals a period of sustained growth followed by a slight correction in the final year. Total inventory values increased from US$ 1,573 million in 2017 to a peak of US$ 2,025 million in 2020, representing a cumulative increase of approximately 28.7% over that four-year period.
- Growth Trajectory (2017–2020)
- A consistent upward trend is observed from 2017 through 2020. The most pronounced annual increase occurred between 2017 and 2018, where inventory rose by approximately 10.1%. This growth continued through 2019 and 2020, indicating a steady expansion of held assets.
- Peak and Contraction (2020–2021)
- Inventory reached its maximum valuation of US$ 2,025 million at the end of 2020. In 2021, a marginal decline of approximately 1.9% was recorded, resulting in a year-end balance of US$ 1,986 million. This suggests a stabilization or slight optimization of inventory levels following the 2020 peak.
- Five-Year Net Change
- Despite the slight decrease in the final year, the overall trajectory remains positive. The inventory balance at the end of 2021 was 26.2% higher than the balance reported at the end of 2017, reflecting a significant long-term increase in the scale of inventory holdings.
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