Glencore (LTS:0IVW) Change In Inventory : $1,488 Mil (TTM As of Jun. 2024)

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What is Glencore Change In Inventory?

Glencore's change in inventory for the quarter that ended in Jun. 2024 was $1,280 Mil. It means Glencore's inventory declined by $1,280 Mil from Dec. 2023 to Jun. 2024 .

Glencore's change in inventory for the fiscal year that ended in Dec. 2023 was $1,978 Mil. It means Glencore's inventory declined by $1,978 Mil from Dec. 2022 to Dec. 2023 .

Glencore's Total Inventories for the quarter that ended in Jun. 2024 was $30,177 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glencore's Days Inventory for the quarter that ended in Jun. 2024 was 49.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Glencore's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.70.

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. Glencore's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.26.

Glencore Change In Inventory Historical Data

The historical data trend for Glencore'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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Glencore Change In Inventory Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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678.00

-3,189.00

-5,660.00

-5,035.00

1,978.00

Glencore Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial															-1,684.00	-3,351.00	1,770.00	208.00	1,280.00

Glencore 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1,488 Mil.

Glencore (LTS:0IVW) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	30873	/	114261	*	365 / 2
	=	49.31

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

Glencore's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	114261	/	30873
	=	3.70

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.

Glencore's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30873	/	117091
	=	0.26

Glencore Change In Inventory Related Terms

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Glencore Business Description

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GLN:South Africa GLNCY:USA GLCNF:USA GLENl:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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