Volvo Group (XBRU:VLV) Change In Inventory : €-526 Mil (TTM As of Mar. 2024)

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What is Volvo Group Change In Inventory?

Volvo Group's change in inventory for the quarter that ended in Mar. 2024 was €-553 Mil. It means Volvo Group's inventory increased by €553 Mil from Dec. 2023 to Mar. 2024 .

Volvo Group's change in inventory for the fiscal year that ended in Dec. 2023 was €-848 Mil. It means Volvo Group's inventory increased by €848 Mil from Dec. 2022 to Dec. 2023 .

Volvo Group's Total Inventories for the quarter that ended in Mar. 2024 was €7,710 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Volvo Group's Days Inventory for the quarter that ended in Mar. 2024 was 79.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Volvo Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.14.

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. Volvo Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

Volvo Group Change In Inventory Historical Data

The historical data trend for Volvo 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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Volvo Group Change In Inventory Chart

Volvo Group Annual Data

Trend

Dec14

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Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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476.51

242.28

-1,196.31

-537.67

-848.02

Volvo Group 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															-815.93	-464.80	-183.94	675.40	-552.73

Volvo 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-526 Mil.

Volvo Group (XBRU:VLV) Change In Inventory Explanation

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

Volvo 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
	=	7290.789	/	8341.264	*	365 / 4
	=	79.76

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8341.264	/	7290.789
	=	1.14

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7290.789	/	11591.525
	=	0.63

Volvo Group Change In Inventory Related Terms

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Volvo Group (XBRU:VLV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Volvo Group (XBRU:VLV) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

VOLVF:USA VOLAF:USA VLVLY:USA VOLV B:Sweden VOLV A:Sweden VOLVBs:UK 0MHW:UK 0HTP:UK VOL1:Germany VOLVB:Czech Republic

Address

Gropegardsgatan 2, Gothenburg, SWE, 417 15

Website

https://www.volvogroup.com

Volvo AB drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase the customers' uptime and productivity.

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