Analysis of Inventory
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- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
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Inventory Disclosure
GE Aerospace, balance sheet: inventory
US$ in millions
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials and work in process | |||||||||||
| Finished goods | |||||||||||
| Deferred inventory costs | |||||||||||
| Inventories, including deferred inventory costs |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The composition of inventories exhibits fluctuating trends over the five-year period. Significant shifts are observed across the different inventory classifications, impacting the overall inventory value.
- Raw Materials and Work in Process
- Raw materials and work in process increased from US$8.71 billion in 2021 to US$11.209 billion in 2023, representing a cumulative increase of approximately 28.6%. A substantial decrease is then noted in 2024, falling to US$7.372 billion, before partially recovering to US$9.354 billion in 2025. This suggests potential volatility in production levels or supply chain dynamics.
- Finished Goods
- Finished goods remained relatively stable between 2021 and 2023, fluctuating around the US$5 billion mark. However, a marked decline occurred in 2024, decreasing to US$1.459 billion, and a slight increase to US$1.542 billion in 2025. This reduction could indicate increased sales, improved inventory management, or a shift in production strategy towards prioritizing raw materials and work in process.
- Deferred Inventory Costs
- Deferred inventory costs consistently decreased throughout the period, from US$2.21 billion in 2021 to US$0.972 billion in 2025. This represents a reduction of approximately 56.1%. The consistent decline suggests a change in cost accounting practices, a reduction in capitalized inventory costs, or amortization of previously deferred costs.
- Total Inventories
- Total inventories, inclusive of deferred costs, peaked at US$17.403 billion in 2022. A significant decrease is then observed in 2024, dropping to US$9.763 billion, followed by a partial recovery to US$11.868 billion in 2025. The overall trend suggests a period of inventory build-up followed by a deliberate reduction, potentially in response to market conditions or internal efficiency initiatives. The 2024 decrease is largely driven by the reduction in finished goods and deferred inventory costs.
The interplay between these inventory components indicates a dynamic inventory management approach. The fluctuations warrant further investigation to understand the underlying operational and strategic drivers.