SKFRY (SKF AB) Change In Inventory : $-136 Mil (TTM As of Sep. 2024)

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What is SKF AB Change In Inventory?

SKF AB's change in inventory for the quarter that ended in Sep. 2024 was $-145 Mil. It means SKF AB's inventory increased by $145 Mil from Jun. 2024 to Sep. 2024 .

SKF AB's change in inventory for the fiscal year that ended in Dec. 2023 was $167 Mil. It means SKF AB's inventory declined by $167 Mil from Dec. 2022 to Dec. 2023 .

SKF AB's Total Inventories for the quarter that ended in Sep. 2024 was $2,489 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SKF AB's Days Inventory for the quarter that ended in Sep. 2024 was 131.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. SKF AB's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.69.

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. SKF AB's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.04.

SKF AB Change In Inventory Historical Data

The historical data trend for SKF AB'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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SKF AB Change In Inventory Chart

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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29.37

184.38

-473.95

-311.52

166.61

SKF AB 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															84.44	58.59	-20.75	-29.66	-144.59

SKF AB 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 $-136 Mil.

SKF AB (OTCPK:SKFRY) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2415.087	/	1676.117	*	365 / 4
	=	131.48

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

SKF AB's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1676.117	/	2415.087
	=	0.69

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.

SKF AB's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2415.087	/	2316.16
	=	1.04

SKF AB Change In Inventory Related Terms

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SKF AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Change In Inventory

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Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFBs:UK 0NWX:UK 0NWW:UK SKFB:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.