Nokia (NOK) Change in Inventory (2009 - 2024)
Nokia (NOK) posted quarterly Change in Inventory of -$58.0 million for Q2 2024, up 58.87% on a QoQ basis from -$141.1 million in Q1 2024.
Nokia (NOK) Change in Inventory (2009 - 2024) Analysis & Trends
Nokia (NOK) has reported Change in Inventory for 14 consecutive years, with -$58.0 million the latest figure, recorded in Q2 2024.
- Quarterly Change in Inventory changed N/A year-over-year to -$58.0 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was -$378.9 million (changed N/A YoY) and the FY2025 annual result came in at $169.6 million, down 63.12% from the prior year.
- Change in Inventory advanced to -$58.0 million in Q2 2024 per NOK's latest filing, from -$141.1 million in the prior quarter.
- Over the last five years, Change in Inventory for NOK reached as high as $308.4 million in Q4 2020 and fell as low as -$204.8 million in Q3 2021.
- A 3-year average of $31.3 million and a median of $51.2 million in 2020 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2020 — Change in Inventory jumped 118.57% — and 2021, when it sank 364.71%.
- Year by year, Change in Inventory stood at $308.4 million in 2020, then plunged by 166.42% to -$204.8 million in 2021, then soared by 71.67% to -$58.0 million in 2024.
- According to Business Quant data, Change in Inventory over the past three periods registered -$58.0 million, -$141.1 million, and -$204.8 million for Q2 2024, Q1 2024, and Q3 2021 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 449.01 Bn | 432.37 Bn | 10.08 Bn | 788.00 Mn |
| 2 | Motorola Solutions | 69.69 Bn | 68.80 Bn | 1.36 Bn | 199.00 Mn |
| 3 | Hewlett Packard Enterprise | 63.43 Bn | 58.59 Bn | 9.10 Bn | 458.00 Mn |
| 4 | Ciena | 52.47 Bn | 51.17 Bn | 625.52 Mn | 41.23 Mn |
| 5 | Lumentum Holdings | 51.32 Bn | 48.15 Bn | 357.00 Mn | 62.70 Mn |
| 6 | Nokia | 49.07 Bn | 41.76 Bn | 9.86 Bn | - |
| 7 | Ubiquiti | 32.09 Bn | 31.72 Bn | 370.71 Mn | -19.24 Mn |
| 8 | Ericsson Lm Telephone | 31.82 Bn | 26.14 Bn | 2.53 Bn | -485.14 Mn |
| 9 | AST SpaceMobile | 16.70 Bn | 16.70 Bn | 3.67 Mn | 4.75 Mn |
| 10 | Zebra Technologies | 13.04 Bn | 12.92 Bn | 742.00 Mn | -34.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -58.04 Mn |
| Jun 30, 2024 | -58.04 Mn |
| Mar 31, 2024 | -141.11 Mn |
| Mar 31, 2024 | -141.11 Mn |
| Sep 30, 2021 | -204.83 Mn |
| Sep 30, 2021 | -204.83 Mn |
| Mar 31, 2021 | 25.03 Mn |
| Mar 31, 2021 | 25.03 Mn |
| Dec 31, 2020 | 308.39 Mn |
| Dec 31, 2020 | 308.39 Mn |
| Sep 30, 2020 | 77.38 Mn |
| Sep 30, 2020 | 77.38 Mn |
| Jun 30, 2020 | 128.59 Mn |
| Jun 30, 2020 | 128.59 Mn |
| Mar 31, 2020 | 114.93 Mn |
| Mar 31, 2020 | 114.93 Mn |
| Dec 31, 2019 | 768.12 Mn |
| Dec 31, 2019 | 768.12 Mn |
| Sep 30, 2019 | -443.80 Mn |
| Sep 30, 2019 | -443.80 Mn |