Barnes Group Change in Inventories decreased by 109.3% to -$1.53M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 46.6%, from -$1.04M to -$1.53M. Over 2 years (FY 2021 to FY 2023), Change in Inventories shows a downward trend with a -70.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase might signal preparation for a major product launch or, conversely, slowing demand and potential future write-downs.
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Consumer hardware companies aim for high inventory turnover to minimize the risk of product obsolescence.
cf_change_in_inventories| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$11.00K | $5.67M | $1.77M | $15.15M | $11.52M | $13.76M | $8.16M | $7.06M | $2.68M | -$1.04M | -$9.32M | $6.50M | $16.51M | -$1.53M |
| QoQ Change | — | >999% | -68.8% | +757.1% | -24.0% | +19.4% | -40.7% | -13.5% | -62.0% | -138.9% | -792.8% | +169.7% | +154.0% | -109.3% |
| YoY Change | — | — | — | — | >999% | +142.6% | +361.7% | -53.4% | -76.7% | -107.6% | -214.2% | -8.0% | +515.9% | -46.6% |