Nokia Oyj (Nokia Oyj) Change In Inventory : $597 Mil (TTM As of Mar. 2024)

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What is Nokia Oyj Change In Inventory?

Nokia Oyj's change in inventory for the quarter that ended in Mar. 2024 was $35 Mil. It means Nokia Oyj's inventory declined by $35 Mil from Dec. 2023 to Mar. 2024 .

Nokia Oyj's change in inventory for the fiscal year that ended in Dec. 2023 was $483 Mil. It means Nokia Oyj's inventory declined by $483 Mil from Dec. 2022 to Dec. 2023 .

Nokia Oyj's Total Inventories for the quarter that ended in Mar. 2024 was $2,920 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nokia Oyj's Days Inventory for the quarter that ended in Mar. 2024 was 101.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nokia Oyj's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

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. Nokia Oyj's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Nokia Oyj Change In Inventory Historical Data

The historical data trend for Nokia Oyj'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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Nokia Oyj Change In Inventory Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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316.67

672.75

-54.24

-1,049.79

483.10

Nokia Oyj 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															-78.16	-55.26	39.49	577.97	34.78

Nokia Oyj 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 $597 Mil.

Nokia Oyj (NYSE:NOK) Change In Inventory Explanation

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

Nokia Oyj's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2942.3345	/	2643.478	*	365 / 4
	=	101.57

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2643.478	/	2942.3345
	=	0.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2942.3345	/	5072.826
	=	0.58

Nokia Oyj Change In Inventory Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

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Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.