GE Aerospace (XPAR:GNE) Inventories, Work In Process : €0 Mil (As of Mar. 2024)

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What is GE Aerospace Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. GE Aerospace's work in process for the quarter that ended in Mar. 2024 was €0 Mil.

GE Aerospace Inventories, Work In Process Historical Data

The historical data trend for GE Aerospace's Inventories, Work In Process can be seen below:

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GE Aerospace Inventories, Work In Process Chart

GE Aerospace Annual Data

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Inventories, Work In Process

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GE Aerospace Quarterly Data
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GE Aerospace Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

GE Aerospace (XPAR:GNE) Business Description

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Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.