nVent Electric (nVent Electric) Change In Inventory : $20 Mil (TTM As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is nVent Electric Change In Inventory?

nVent Electric's change in inventory for the quarter that ended in Dec. 2023 was $31 Mil. It means nVent Electric's inventory declined by $31 Mil from Sep. 2023 to Dec. 2023 .

nVent Electric's change in inventory for the fiscal year that ended in Dec. 2023 was $20 Mil. It means nVent Electric's inventory declined by $20 Mil from Dec. 2022 to Dec. 2023 .

nVent Electric's Total Inventories for the quarter that ended in Dec. 2023 was $441 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. nVent Electric's Days Inventory for the quarter that ended in Dec. 2023 was 81.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. nVent Electric's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

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. nVent Electric's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

nVent Electric Change In Inventory Historical Data

The historical data trend for nVent Electric'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.

* Premium members only.

nVent Electric Change In Inventory Chart

nVent Electric Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

0.90

18.30

-74.00

-34.70

20.10

nVent Electric 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															36.90	-17.30	-1.20	7.70	30.90

nVent Electric 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 $20 Mil.

nVent Electric (NYSE:NVT) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	453.1	/	507.4	*	365 / 4
	=	81.48

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	507.4	/	453.1
	=	1.12

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	453.1	/	861.2
	=	0.53

nVent Electric Change In Inventory Related Terms

Thank you for viewing the detailed overview of nVent Electric's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

nVent Electric (nVent Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » nVent Electric PLC (NYSE:NVT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Great West Road, 8th Floor (East), The Mille, London, GBR, TW8 9DW

Website

https://www.nvent.com

nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.

Executives

Michael B Faulconer	officer: President - Thermal Management	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Randolph A. Wacker	officer: SVP & Chief Accounting Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Joseph A. Ruzynski	officer: President of Enclosures	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sara E Zawoyski	officer: EVP & Chief Financial Officer	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Lynnette R Heath	officer: EVP & Chief HR Officer	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Beth Wozniak	officer: Chief Executive Officer	555 WAYZATA BLVD. SUITE 600, MINNEAPOLIS MN 55419
Jon D. Lammers	officer: EVP, Gen. Counsel & Secretary	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Greg Scheu	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Michael L Ducker	director	P O BOX 813, LIBERTY CORNER NJ 07938
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Danita K Ostling	director	1665 UTICA AVENUE, ST. LOUIS PARK MN 55416
Sherry A Aaholm	director	500 JACKSON STREET, COLUMBUS IN 47201
Susan M. Cameron	director	C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353
Jacqueline Wright	director	1665 UTICA AVENUE, SUITE 700, ST. LOUIS PARK MN 55416
Nicola Palmer	director	1665 UTICA AVENUE, ST. LOUS PARK MN 55416