Weir Group (Weir Group) Change In Inventory : $53 Mil (TTM As of Dec. 2023)

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What is Weir Group Change In Inventory?

Weir Group's change in inventory for the quarter that ended in Dec. 2023 was $96 Mil. It means Weir Group's inventory declined by $96 Mil from Jun. 2023 to Dec. 2023 .

Weir Group's change in inventory for the fiscal year that ended in Dec. 2023 was $53 Mil. It means Weir Group's inventory declined by $53 Mil from Dec. 2022 to Dec. 2023 .

Weir Group's Total Inventories for the quarter that ended in Dec. 2023 was $770 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weir Group's Days Inventory for the quarter that ended in Dec. 2023 was 142.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weir Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

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. Weir Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Weir Group Change In Inventory Historical Data

The historical data trend for Weir Group'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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Weir Group Change In Inventory Chart

Weir Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-48.23

59.41

-112.90

-156.64

53.17

Weir Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-52.53	-128.57	-29.48	-42.80	96.08

Weir Group 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 semi-annually data reported by the company within the most recent 12 months, which was $53 Mil.

Weir Group (OTCPK:WEGRY) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	817.1335	/	1048.101	*	365 / 2
	=	142.28

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

Weir Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1048.101	/	817.1335
	=	1.28

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.

Weir Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	817.1335	/	1691.392
	=	0.48

Weir Group Change In Inventory Related Terms

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Weir Group (Weir Group) Business Description

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WEIGF:USA WEIRl:UK WEIR:UK

Address

1 West Regent Street, Glasgow, GBR, G2 1RW

Website

https://www.global.weir

Weir Group PLC manufactures equipment for minerals and other industrial end markets. The company's operating segment includes Minerals and ESCO. The Minerals segment is into engineering, manufacturing and service processing technology used in abrasive, high-wear mining applications. It is also used in infrastructure and general industrial markets. The ESCO segment is into the provision of Ground Engaging Tools (G.E.T.) for large mining machines. It operates predominantly in mining and infrastructure markets where its technology improves productivity through extended wear life, increased safety and reduced energy consumption. The company generates maximum revenue from the Minerals segment. Geographically, the company derives a majority of its revenue from South America.

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