GE Vernova (GE Vernova) Total Inventories : $8,859 Mil (As of Mar. 2024)

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What is GE Vernova Total Inventories?

GE Vernova's total inventories for the quarter that ended in Mar. 2024 was $8,859 Mil. GE Vernova's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $8,556 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GE Vernova's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-98.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GE Vernova's Days Inventory for the three months ended in Mar. 2024 was 127.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. GE Vernova's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

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. GE Vernova's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.

GE Vernova Total Inventories Historical Data

The historical data trend for GE Vernova's Total Inventories 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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GE Vernova Total Inventories Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Total Inventories

7,893.00

8,253.00

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Total Inventories	-	7,893.00	-	8,253.00	8,859.00

GE Vernova Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

GE Vernova (NYSE:GEV) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

GE Vernova's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3255	+	0.75 * 5590	+	0.5 * 8859	-	37891
-	0	-	1007)	/	274.086
=	-98.59

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

GE Vernova's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	8556	/	6109	*	365 / 4
	=	127.80

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

GE Vernova's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	6109	/	8556
	=	0.71

4. 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.

GE Vernova's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	8556	/	7259
	=	1.18

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

GE Vernova Total Inventories Related Terms

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GE Vernova (GE Vernova) Business Description

Industry

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Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

By Business Wire • 04-18-2024