Grupo Financiero BanorteB de CV (MEX:GFNORTEO) Change In Inventory : MXN225 Mil (TTM As of Sep. 2024)

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What is Grupo Financiero BanorteB de CV Change In Inventory?

Grupo Financiero BanorteB de CV's change in inventory for the quarter that ended in Sep. 2024 was MXN85 Mil. It means Grupo Financiero BanorteB de CV's inventory declined by MXN85 Mil from Jun. 2024 to Sep. 2024 .

Grupo Financiero BanorteB de CV's change in inventory for the fiscal year that ended in Dec. 2023 was MXN37 Mil. It means Grupo Financiero BanorteB de CV's inventory declined by MXN37 Mil from Dec. 2022 to Dec. 2023 .

Grupo Financiero BanorteB de CV's Total Inventories for the quarter that ended in Sep. 2024 was MXN0 Mil.

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

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

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. Grupo Financiero BanorteB de CV's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Grupo Financiero BanorteB de CV Change In Inventory Historical Data

The historical data trend for Grupo Financiero BanorteB de CV'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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Grupo Financiero BanorteB de CV Change In Inventory Chart

Grupo Financiero BanorteB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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51.00

37.00

Grupo Financiero BanorteB de CV 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															281.31	87.00	346.63	-293.63	85.25

Grupo Financiero BanorteB de CV 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 MXN225 Mil.

Grupo Financiero BanorteB de CV (MEX:GFNORTEO) Change In Inventory Explanation

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

Grupo Financiero BanorteB de CV's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	0	*	365 / 4
	=	N/A

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

Grupo Financiero BanorteB de CV's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0	/	0
	=	N/A

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.

Grupo Financiero BanorteB de CV's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	117460.231
	=	0.00

Grupo Financiero BanorteB de CV Change In Inventory Related Terms

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Grupo Financiero BanorteB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Financiero Banorte SAB de CV (MEX:GFNORTEO) » Definitions » Change In Inventory

Traded in Other Exchanges

GBOOY:USA GBOOF:USA XNOR:Spain 4FN:Germany

Address

14th Floor, Avenue Prolongacion Reforma 1230, Col. Cruz Manca Santa Fe, Delegacion Cuajimalpa, Mexico, MEX, MEX, 05349

Website

https://www.banorte.com

Grupo Financiero Banorte SAB de CV is a Mexican financial services company. The company offers a wide variety of products and services including banking services, brokerage, wholesale banking, leasing, factoring, insurance, pensions, and retirement savings. It operates locally in Mexico.

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