Mosaic Co. (NYSE:MOS)

Total inventory levels exhibited significant volatility between 2017 and 2021, characterized by a general upward trajectory that culminated in a substantial increase by the end of the period. The total inventory value rose from US$ 1,547,200 thousand in 2017 to US$ 2,741,400 thousand in 2021, representing an overall increase of approximately 76.5%.

Total Inventory Fluctuations

A peak in total inventories was first observed in 2018 at US$ 2,270,200 thousand, followed by a two-year contraction that reached a period low of US$ 1,739,200 thousand in 2020. A sharp reversal occurred in 2021, with inventory levels surging to their highest point in the analyzed period.

Raw Materials and Operating Supplies

Raw materials experienced the most aggressive growth in proportional terms, increasing from US$ 37,800 thousand in 2017 to US$ 296,600 thousand in 2021. This category saw a particularly steep increase between 2020 and 2021. Operating materials and supplies maintained a more consistent growth pattern, rising gradually from US$ 85,800 thousand to US$ 138,000 thousand.

Work in Process and Finished Goods

Finished goods constituted the largest share of the inventory portfolio throughout the period. Although levels fluctuated—dropping to US$ 868,200 thousand in 2020—they recovered strongly to reach US$ 1,534,300 thousand by 2021. Work in process showed a steadier upward trend, growing from US$ 349,900 thousand in 2017 to US$ 741,100 thousand in 2021, effectively doubling over the five-year span.

Final Price Deferred

The final price deferred component remained the smallest element of the inventory disclosure. Values remained relatively stable and immaterial compared to other categories, fluctuating within a narrow range between a low of US$ 23,000 thousand in 2020 and a peak of US$ 47,900 thousand in 2019.