ITW (Illinois Tool Works) Change In Inventory : $147 Mil (TTM As of Sep. 2024)

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What is Illinois Tool Works Change In Inventory?

Illinois Tool Works's change in inventory for the quarter that ended in Sep. 2024 was $29 Mil. It means Illinois Tool Works's inventory declined by $29 Mil from Jun. 2024 to Sep. 2024 .

Illinois Tool Works's change in inventory for the fiscal year that ended in Dec. 2023 was $360 Mil. It means Illinois Tool Works's inventory declined by $360 Mil from Dec. 2022 to Dec. 2023 .

Illinois Tool Works's Total Inventories for the quarter that ended in Sep. 2024 was $1,817 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Illinois Tool Works's Days Inventory for the quarter that ended in Sep. 2024 was 74.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Illinois Tool Works's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.23.

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. Illinois Tool Works's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.46.

Illinois Tool Works Change In Inventory Historical Data

The historical data trend for Illinois Tool Works'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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Illinois Tool Works Change In Inventory Chart

Illinois Tool Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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98.00

43.00

-450.00

-455.00

360.00

Illinois Tool Works 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															95.00	125.00	-12.00	5.00	29.00

Illinois Tool Works 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 $147 Mil.

Illinois Tool Works (NYSE:ITW) Change In Inventory Explanation

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

Illinois Tool Works's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1818	/	2230	*	365 / 4
	=	74.39

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

Illinois Tool Works's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2230	/	1818
	=	1.23

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.

Illinois Tool Works's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1818	/	3966
	=	0.46

Illinois Tool Works Change In Inventory Related Terms

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Illinois Tool Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (NYSE:ITW) » Definitions » Change In Inventory

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Address

155 Harlem Avenue, Glenview, IL, USA, 60025

Website

https://www.itw.com

Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Executives

Mary Katherine Lawler	officer: SVP & Chief HR Officer	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE, GLENVIEW IL 60025
Smith David Byron Jr	director	155 HARLEM AVE., GLENVIEW IL 60025
Michael M Larsen	officer: SVP & CFO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Randall J Scheuneman	officer: VP & Chief Accounting Officer	155 HARLEM AVE., GLENVIEW IL 60025
Sharon Szafranski	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Ernest Scott Santi	director, officer: President & CEO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Christopher A O'herlihy	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Lei Zhang Schlitz	officer: Executive Vice President	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Patricia A. Hartzell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Javier Gracia Carbonell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Jennifer Kaplan Schott	officer: SVP, General Counsel & Secy.	155 HARLEM AVE., GLENVIEW IL 60025
Darrell L Ford	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Finch Norman D. Jr.	officer: Sr. VP, General Counsel & Secy	C/O ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025