CNH Industrial NV (MIL:1CNHI) Change In Inventory : €102 Mil (TTM As of Mar. 2024)

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What is CNH Industrial NV Change In Inventory?

CNH Industrial NV's change in inventory for the quarter that ended in Mar. 2024 was €-627 Mil. It means CNH Industrial NV's inventory increased by €627 Mil from Dec. 2023 to Mar. 2024 .

CNH Industrial NV's change in inventory for the fiscal year that ended in Dec. 2023 was €-238 Mil. It means CNH Industrial NV's inventory increased by €238 Mil from Dec. 2022 to Dec. 2023 .

CNH Industrial NV's Total Inventories for the quarter that ended in Mar. 2024 was €5,694 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CNH Industrial NV's Days Inventory for the quarter that ended in Mar. 2024 was 167.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. CNH Industrial NV's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

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. CNH Industrial NV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.22.

CNH Industrial NV Change In Inventory Historical Data

The historical data trend for CNH Industrial NV'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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CNH Industrial NV Change In Inventory Chart

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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396.00

1,006.13

-491.18

-142.54

-237.50

CNH Industrial NV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-987.24	-297.21	-59.97	1,085.73	-626.52

CNH Industrial NV 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €102 Mil.

CNH Industrial NV (MIL:1CNHI) Change In Inventory Explanation

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

CNH Industrial NV's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5389.3225	/	2939.4	*	365 / 4
	=	167.30

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

CNH Industrial NV's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2939.4	/	5389.3225
	=	0.55

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.

CNH Industrial NV's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5389.3225	/	4432.56
	=	1.22

CNH Industrial NV Change In Inventory Related Terms

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CNH Industrial NV (MIL:1CNHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (MIL:1CNHI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CNHI:USA 1CNHIm:UK 0QGU:UK 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.

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