Analysis of Inventory
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Inventory Disclosure
Stryker Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Materials and supplies | |||||||||||
| Work in process | |||||||||||
| Finished goods | |||||||||||
| Inventories |
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).
- Inventories
- The inventories showed a general upward trend from 2017 to 2020, increasing from 2,465 million USD to 3,494 million USD. However, in 2021, the inventories decreased slightly to 3,314 million USD, indicating a potential improvement in inventory management or changes in demand.
- Materials and supplies
- Materials and supplies consistently increased over the analyzed period. Starting at 528 million USD in 2017, the value rose steadily each year to reach 691 million USD in 2021. This trend indicates ongoing procurement activity and possibly preparation for production growth.
- Work in process
- Work in process inventories remained relatively stable between 2017 and 2018 (148 to 149 million USD), but saw a marked increase starting in 2019. The values rose to 178 million USD in 2019, 251 million USD in 2020, and further to 264 million USD in 2021. This increase may reflect longer production cycles or higher levels of products in manufacturing stages.
- Finished goods
- Finished goods inventories expanded steadily from 1,789 million USD in 2017 to 2,565 million USD in 2020, indicating accumulation of completed products. However, in 2021, finished goods declined to 2,359 million USD, suggesting increased sales, improved turnover, or adjustments in stock levels.