International Flavors & Fragrances (FRA:IFF) Inventories, Work In Process : €372 Mil (As of Dec. 2023)

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What is International Flavors & Fragrances Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. International Flavors & Fragrances's work in process for the quarter that ended in Dec. 2023 was €372 Mil.

International Flavors & Fragrances Inventories, Work In Process Historical Data

The historical data trend for International Flavors & Fragrances's Inventories, Work In Process 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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International Flavors & Fragrances Inventories, Work In Process Chart

International Flavors & Fragrances Annual Data

Trend

Dec14

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Dec23

Inventories, Work In Process

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40.08

31.24

254.00

417.25

372.30

International Flavors & Fragrances Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventories, Work In Process	Get a 7-Day Free Trial															417.25	441.78	437.50	403.85	372.30

International Flavors & Fragrances Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

International Flavors & Fragrances (FRA:IFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Flavors & Fragrances Inc (FRA:IFF) » Definitions » Inventories, Work In Process

Comparable Companies

Traded in Other Exchanges

IFF:USA I1FF34:Brazil I1CE34:Brazil IFF:Austria IFF:Argentina

Address

521 West 57th Street, New York, NY, USA, 10019-2960

Website

https://www.iff.com

International Flavors & Fragrances is the largest specialty ingredients producer globally. The company sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries. The company makes proprietary formulations, partnering with customers to deliver custom solutions. The nourish segment, which generates roughly half of revenue, is a leading flavor producer and also sell texturants, plant-based proteins, and other ingredients. The health and biosciences business, which generates around one fourth of revenue, is a global leader in probiotics and enzymes. IFF is also one of the leading fragrance producers in the world. The firm also sells pharmaceutical ingredients such as excipients and time-release polymers.