Stock Analysis on Net

Johnson & Johnson (NYSE:JNJ)

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Analysis of Inventory

Microsoft Excel

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Inventory Disclosure

Johnson & Johnson, balance sheet: inventory

US$ in millions

Microsoft Excel
Dec 29, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Raw materials and supplies
Goods in process
Finished goods
Inventories

Based on: 10-K (reporting date: 2024-12-29), 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 and supplies
The value of raw materials and supplies increased steadily from 1410 million US dollars in 2020 to a peak of 2355 million in 2023. However, in 2024, there was a slight decline to 2337 million, indicating a minor reduction but generally maintaining a high level compared to earlier years.
Goods in process
The inventory of goods in process showed fluctuations over the period. It rose from 2040 million in 2020 to 2287 million in 2021, followed by a significant drop to 1700 million in 2022. Subsequently, it increased again to 1952 million in 2023 and then sharply rose to 2815 million in 2024, suggesting variability in work-in-progress inventory, with a notable upward surge in the latest year.
Finished goods
Finished goods inventory witnessed an overall upward trend from 5894 million in 2020 to 8713 million in 2022. This increase was interrupted by a decrease to 6874 million in 2023, before rising again to 7292 million in 2024. This pattern indicates some inventory management adjustments or fluctuations in sales demand impacting finished goods levels.
Total inventories
Total inventories consolidated from the three categories increased from 9344 million in 2020 to a peak of 12483 million in 2022. This was followed by a reduction to 11181 million in 2023, and then a rebound to 12444 million in 2024. The data reflects overall growth in inventory levels with intermittent declines, possibly in response to market conditions or operational decisions.