Alphabet (GOOG) Inventory Average (2016 - 2023)
Alphabet (GOOG) posted quarterly Inventory Average of $2.6 billion for Q3 2023, up 1.01% year-over-year from $2.6 billion in Q3 2022, and up 14.12% quarter-over-quarter from $2.3 billion in Q2 2023.
Alphabet (GOOG) Inventory Average (2016 - 2023) Analysis & Trends
Alphabet (GOOG) has reported Inventory Average for 8 consecutive years, with $2.6 billion the latest figure, recorded in Q3 2023.
- In Q3 2023, Inventory Average rose 1.01% year-over-year to $2.6 billion; the TTM figure through Sep 2023 stood at $2.6 billion (up 1.01% YoY), while the FY2022 annual figure was $1.9 billion, up 102.32% from the prior year.
- Inventory Average climbed to $2.6 billion in Q3 2023 per GOOG's latest filing, from $2.3 billion in the prior quarter.
- Across five years, Inventory Average topped out at $2.9 billion in Q4 2022 and bottomed at $781.5 million in Q4 2020.
- Historically, Inventory Average has averaged $1.5 billion across 5 years, with a median of $1.2 billion in 2019.
- Annual changes were most pronounced in 2020 — Inventory Average plunged 34.88% — and 2022, when it surged 137.99%.
- Alphabet's Inventory Average stood at $1.2 billion in 2019, then slumped by 34.88% to $781.5 million in 2020, then surged by 56.62% to $1.2 billion in 2021, then soared by 137.99% to $2.9 billion in 2022, then decreased by 10.95% to $2.6 billion in 2023.
- Business Quant data shows GOOG's Inventory Average at $2.6 billion in Q3 2023, $2.3 billion in Q2 2023, and $2.5 billion in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | - |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | - |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | - |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | - |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | - | |
| 10 | Tencent Music Entertainment | 26.85 Bn | 24.15 Bn | 514.00 Mn | 6.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 2.59 Bn |
| Jun 30, 2023 | 2.27 Bn |
| Mar 31, 2023 | 2.49 Bn |
| Dec 31, 2022 | 2.91 Bn |
| Sep 30, 2022 | 2.57 Bn |
| Jun 30, 2022 | 1.67 Bn |
| Mar 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.22 Bn |
| Sep 30, 2021 | 1.09 Bn |
| Jun 30, 2021 | 897.50 Mn |
| Mar 31, 2021 | 808.00 Mn |
| Dec 31, 2020 | 781.50 Mn |
| Sep 30, 2020 | 825.00 Mn |
| Jun 30, 2020 | 852.00 Mn |
| Mar 31, 2020 | 944.00 Mn |
| Dec 31, 2019 | 1.20 Bn |
| Sep 30, 2019 | 1.18 Bn |
| Jun 30, 2019 | 1.01 Bn |
| Mar 31, 2019 | 1.08 Bn |
| Dec 31, 2018 | 1.16 Bn |