BKR (Baker Hughes Co) Change In Inventory : $-201 Mil (TTM As of Sep. 2024)

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What is Baker Hughes Co Change In Inventory?

Baker Hughes Co's change in inventory for the quarter that ended in Sep. 2024 was $-26 Mil. It means Baker Hughes Co's inventory increased by $26 Mil from Jun. 2024 to Sep. 2024 .

Baker Hughes Co's change in inventory for the fiscal year that ended in Dec. 2023 was $-461 Mil. It means Baker Hughes Co's inventory increased by $461 Mil from Dec. 2022 to Dec. 2023 .

Baker Hughes Co's Total Inventories for the quarter that ended in Sep. 2024 was $5,254 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Baker Hughes Co's Days Inventory for the quarter that ended in Sep. 2024 was 88.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Baker Hughes Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.03.

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. Baker Hughes Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.75.

Baker Hughes Co Change In Inventory Historical Data

The historical data trend for Baker Hughes Co'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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Baker Hughes Co Change In Inventory Chart

Baker Hughes Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-200.00

-80.00

170.00

-885.00

-461.00

Baker Hughes Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-78.00	-51.00	-265.00	141.00	-26.00

Baker Hughes Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-201 Mil.

Baker Hughes Co (NAS:BKR) Change In Inventory Explanation

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

Baker Hughes Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5190	/	5366	*	365 / 4
	=	88.26

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

Baker Hughes Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5366	/	5190
	=	1.03

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.

Baker Hughes Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5190	/	6908
	=	0.75

Baker Hughes Co Change In Inventory Related Terms

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Baker Hughes Co Business Description

Industry

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Address

575 North Dairy Ashford Road, Suite 100, Houston, TX, USA, 77079-1121

Website

https://www.bakerhughes.com

Baker Hughes is a global leader in oilfield services and oilfield equipment, with particularly strong presences in the artificial lift, specialty chemicals, and completions markets. It maintains modest exposure to offshore oil and gas production. The other half of its business focuses on industrial power generation, process solutions, and industrial asset management, with a high exposure to the liquid natural gas market specifically, as well as broader industrials end markets.

Executives

Nancy Buese	officer: Chief Financial Officer	1515 ARAPAHOE STREET, DENVER CO 80202-2126
Lorenzo Simonelli	director, officer: Chairman, President and CEO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Maria C Borras	officer: EVP, Oilfield Services & Equip	2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019
James E Apostolides	officer: SVP, Enterprise Op Excellence	17021 ALDINE WESTFIELD RD, HOUSTON TX 77073
Regina Jones	officer: Chief Legal Officer	7102 COMMERCE WAY, BRENTWOOD TN 37027
Rebecca L Charlton	officer: SVP, Controller & CAO	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073
Gregory D Brenneman	director
Cynthia B Carroll	director	C/O ALCAN INC., 1188 SHERBROOKE STREET WEST, MONTREAL A8 H3A 3G2
Lynn Laverty Elsenhans	director	6400 POPLAR AVENUE, MEMPHIS TN 38197
John G Rice	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
William G Beattie	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Michael R Dumais	director	870 WINTER STREET, WALTHAM MA 02451
Mohsen Sohi	director	C/O STERIS CORPORATION, 5960 HEISLEY ROAD, MENTOR OH 44060
Nelda J Connors	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
Kurt Camilleri	officer: SVP/Controller/Chief Acctg Off	17021 ALDINE WESTFIELD ROAD, HOUSTON TX 77073