Bank of America (Bank of America) Change In Inventory

: $0 Mil (TTM As of Dec. 2023)

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Bank of America's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Bank of America's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Bank of America's change in inventory for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Bank of America's inventory stayed the same from Dec. 2022 to Dec. 2023 .

Bank of America's Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

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

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

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. Bank of America's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Bank of America Change In Inventory Historical Data

The historical data trend for Bank of America'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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Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Bank of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory																-	-	-	-	-

Bank of America 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 $0 Mil.

Bank of America (NYSE:BAC) Change In Inventory Explanation

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

Bank of America's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0	*	365 / 4
	=	N/A

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=	N/A

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	21959
	=	0.00

Bank of America Change In Inventory Related Terms

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Bank of America (Bank of America) Business Description

Industry

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Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Executives

Thomas D Woods	director	100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare	officer: President, Global Markets	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia	officer: Pres Prf & Sm Bs Bk & Co-Hd CB	100 FEDERAL STREET, BOSTON MA 02110
Lindsay D. Hans	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Eric A. Schimpf	officer: Pres, Merrill Wealth Mgmt	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder	officer: Pres, Gl Corp & Invest Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida	director	ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg	officer: Pres, Merill Lynch Wlth Mgmt	100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble	director
Bruce R. Thompson	officer: Vice Chair, Head Ent Credit	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick	officer: Pres, Global Com Banking	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin	officer: Chief Tech & Info Officer	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen	officer: Global Compl & Op Risk Exec	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas M Scrivener	officer: Chief Operations Executive	100 NORTH TRYON STREET, CHARLOTTE NC 28255
Bernard A Mensah	officer: President, International	100 NORTH TRYON STREET, CHARLOTTE NC 28255