Archer-Daniels Midland Co (WBO:ARDA) Change In Inventory : €2,679 Mil (TTM As of Dec. 2023)

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What is Archer-Daniels Midland Co Change In Inventory?

Archer-Daniels Midland Co's change in inventory for the quarter that ended in Dec. 2023 was €-561 Mil. It means Archer-Daniels Midland Co's inventory increased by €561 Mil from Sep. 2023 to Dec. 2023 .

Archer-Daniels Midland Co's change in inventory for the fiscal year that ended in Dec. 2023 was €2,649 Mil. It means Archer-Daniels Midland Co's inventory declined by €2,649 Mil from Dec. 2022 to Dec. 2023 .

Archer-Daniels Midland Co's Total Inventories for the quarter that ended in Dec. 2023 was €10,965 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Archer-Daniels Midland Co's Days Inventory for the quarter that ended in Dec. 2023 was 50.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Archer-Daniels Midland Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.81.

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. Archer-Daniels Midland Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Archer-Daniels Midland Co Change In Inventory Historical Data

The historical data trend for Archer-Daniels Midland Co'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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Archer-Daniels Midland Co Change In Inventory Chart

Archer-Daniels Midland Co Annual Data

Trend

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Dec23

Change In Inventory

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-18.90

-1,994.17

-2,512.52

-278.48

2,649.21

Archer-Daniels Midland Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-835.44	48.57	2,644.40	547.21	-561.20

Archer-Daniels Midland Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,679 Mil.

Archer-Daniels Midland Co (WBO:ARDA) Change In Inventory Explanation

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

Archer-Daniels Midland Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10740.7285	/	19475.246	*	365 / 4
	=	50.32

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

Archer-Daniels Midland Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	19475.246	/	10740.7285
	=	1.81

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.

Archer-Daniels Midland Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10740.7285	/	21070.826
	=	0.51

Archer-Daniels Midland Co Change In Inventory Related Terms

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Archer-Daniels Midland Co (WBO:ARDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Archer-Daniels Midland Co (WBO:ARDA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ADM:USA ADM:Mexico 1ADM:Italy ADM:Germany A1DM34:Brazil

Address

77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601

Website

https://www.adm.com

Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.

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