Nucor (NUE) Change In Inventory

: $-75 Mil (TTM As of Dec. 2023)

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Nucor's change in inventory for the quarter that ended in Dec. 2023 was $-284 Mil. It means Nucor's inventory increased by $284 Mil from Sep. 2023 to Dec. 2023 .

Nucor's change in inventory for the fiscal year that ended in Dec. 2023 was $-75 Mil. It means Nucor's inventory increased by $75 Mil from Dec. 2022 to Dec. 2023 .

Nucor's Total Inventories for the quarter that ended in Dec. 2023 was $5,578 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nucor's Days Inventory for the quarter that ended in Dec. 2023 was 78.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nucor's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Nucor's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Nucor Change In Inventory Historical Data

The historical data trend for Nucor's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nucor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

712.65

284.08

-2,307.34

962.42

-75.04

Nucor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																591.36	-138.69	-35.74	383.49	-284.10

Nucor Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-75 Mil.

Nucor (NYSE:NUE) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nucor's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5412.0615	/	6310.813	*	365 / 4
	=	78.25

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nucor's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6310.813	/	5412.0615
	=	1.17

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Nucor's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5412.0615	/	7704.531
	=	0.70

Nucor Change In Inventory Related Terms

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Nucor (NUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Nucor Corp (NYSE:NUE) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

1915 Rexford Road, Charlotte, NC, USA, 28211

Website

https://www.nucor.com

Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products, and raw materials, the steel mills segment derives maximum revenue. The steel mills segment includes carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments in NuMit and NJSM.

Executives

Douglas J Jellison	officer: Executive Vice President	1915 REXFORD RD, CHARLOTTE NC 28211
Nicholas C Gangestad	director	3M CENTER-OFFICE OF GENERAL COUNSEL, ST. PAUL MN 55144-1000
D. Chad Utermark	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Michael D Keller	officer: General Mgr. and Corp. Contro	1915 REXFORD ROAD, CHARLOTTE NC 28211
Allen C Behr	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
David A Sumoski	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Gregory J Murphy	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Leon J Topalian	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Daniel R. Needham	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
State Farm Mutual Automobile Insurance Co	10 percent owner	ONE STATE FARM PLAZA, BLOOMINGTON IL 61710
Noah C Hanners	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Kenneth Rex Query	officer: Executive Vice President	2100 REXFORD RD, CHARLOTTE NC 28211
John J Hollatz	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211
Stephen D Laxton	officer: CFO, Treasurer and EVP	1915 REXFORD ROAD, CHARLOTTE NC 28211
Bradley Ford	officer: Executive Vice President	1915 REXFORD ROAD, CHARLOTTE NC 28211