Northrop Grumman Corp. (NYSE:NOC)

The overall trajectory of inventoried costs exhibits a significant upward trend over the five-year period from 2018 to 2022, increasing from 654 million US dollars to 978 million US dollars. This growth represents an approximate 49% increase in total inventory valuation, with the most substantial expansion occurring between 2021 and 2022.

Contracts in Process

This component demonstrates a general increase from 377 million US dollars in 2018 to 574 million US dollars in 2022. While the overall trend is positive, a period of volatility is observed between 2019 and 2020, where values declined from 466 million US dollars to 430 million US dollars before resuming growth. The sharpest increase occurred in the final year of the sequence, with a rise of approximately 20%.

Product Inventory

Product inventory reflects a consistent and steady growth pattern, rising from 277 million US dollars in 2018 to 404 million US dollars in 2022. Growth was relatively incremental between 2019 and 2021, followed by a notable acceleration in 2022, where the valuation increased by over 21% compared to the previous year.

Aggregate Inventoried Costs, Net

Total inventoried costs experienced a peak growth rate in 2019 and 2022. A minor contraction is noted in 2020, where total costs fell from 783 million US dollars to 759 million US dollars, correlating with the dip seen in contracts in process. Recovery began in 2021, culminating in a high of 978 million US dollars by the end of 2022, indicating a substantial increase in the capital tied up in inventory assets.