ING Groep NV (ING Groep NV) Change In Inventory

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

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

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

ING Groep NV'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. ING Groep NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

ING Groep NV Change In Inventory Historical Data

The historical data trend for ING Groep NV'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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ING Groep NV Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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ING Groep NV 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	Get a 7-Day Free Trial															-	-	-	-	-

ING Groep NV 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.

ING Groep NV (NYSE:ING) Change In Inventory Explanation

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

ING Groep NV'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.

ING Groep NV'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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	5898.582
	=	0.00

ING Groep NV Change In Inventory Related Terms

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ING Groep NV (ING Groep NV) Business Description

Industry

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Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.