Northrop Grumman (LTS:0K92) Change In Inventory : $-345 Mil (TTM As of Mar. 2024)

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What is Northrop Grumman Change In Inventory?

Northrop Grumman's change in inventory for the quarter that ended in Mar. 2024 was $-262 Mil. It means Northrop Grumman's inventory increased by $262 Mil from Dec. 2023 to Mar. 2024 .

Northrop Grumman's change in inventory for the fiscal year that ended in Dec. 2023 was $-220 Mil. It means Northrop Grumman's inventory increased by $220 Mil from Dec. 2022 to Dec. 2023 .

Northrop Grumman's Total Inventories for the quarter that ended in Mar. 2024 was $1,370 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northrop Grumman's Days Inventory for the quarter that ended in Mar. 2024 was 14.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. Northrop Grumman's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.45.

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. Northrop Grumman's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Northrop Grumman Change In Inventory Historical Data

The historical data trend for Northrop Grumman'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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Northrop Grumman Change In Inventory Chart

Northrop Grumman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-135.00

18.00

-52.00

-205.00

-220.00

Northrop Grumman 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	Get a 7-Day Free Trial															-137.00	-194.00	-65.00	176.00	-262.00

Northrop Grumman 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-345 Mil.

Northrop Grumman (LTS:0K92) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1239.5	/	8000	*	365 / 4
	=	14.14

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

Northrop Grumman's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8000	/	1239.5
	=	6.45

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.

Northrop Grumman's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1239.5	/	10133
	=	0.12

Northrop Grumman Change In Inventory Related Terms

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Northrop Grumman (LTS:0K92) Business Description

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Address

2980 Fairview Park Drive, Falls Church, VA, USA, 22042

Website

https://www.northropgrumman.com

Northrop Grumman is a diversified defense contractor providing aeronautics, defense, mission, and space systems. The company's aerospace segment creates the fuselage for the massive F-35 program and produces autonomous and piloted aircraft such as Global Hawk drones and the new B-21 bomber. Defense systems makes artillery and missile ammunition and guidance systems, missile defense systems, and conducts maintenance and upgrades on numerous military aircraft. Mission systems creates and integrates a variety of radar, navigation, and communication systems for avionics, weapons control, and countermeasures on a range of platforms from helicopters to destroyers. Finally, space systems produces satellites, sensors, space structures, and manufactures long-range missiles and rocket motors.

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