Current Assets
Work in process
Credo Technology Group Holding Ltd Work in process decreased by 10.7% to $23.59M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 36.3%, from $17.31M to $23.59M. Over 3 years (FY 2022 to FY 2025), Work in process shows an upward trend with a 33.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2015
Last reportedQ1 2026
Parent metricInventories
How to read this metric
An increase may indicate production bottlenecks or scaling efforts, while a decrease suggests efficient throughput or reduced manufacturing activity.
Detailed definition
Represents the value of goods that have entered the production process but are not yet finished. For a manufacturer like...
Peer comparison
Peers in medical device manufacturing typically maintain lean WIP levels to optimize cash conversion cycles.
Metric ID:
inv_work_in_progressHistorical Data
13 periods
| Q1 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.35M | $10.34M | $7.20M | $6.32M | $8.26M | $7.47M | $9.56M | $12.31M | $17.31M | $24.58M | $28.75M | $26.42M | $23.59M |
| QoQ Change | — | -0.1% | -30.3% | -12.2% | +30.7% | -9.6% | +28.0% | +28.7% | +40.6% | +42.0% | +16.9% | -8.1% | -10.7% |
| YoY Change | — | — | -30.4% | — | -20.1% | +3.8% | +51.3% | — | +109.4% | +229.1% | +200.7% | +114.7% | +36.3% |
| % of Inventories | 37.9% | 20.5% | 15.6% | 15.5% | 26.2% | 28.8% | 30.3% | 33.9% | 32.5% | 27.3% | 24.6% | 17.6% | 11.3% |
| Share Change | — | -17.3pp | -4.9pp | -0.1pp | +10.7pp | +2.6pp | +1.5pp | +3.6pp | -1.4pp | -5.2pp | -2.7pp | -7.0pp | -6.2pp |
Range$6.32M – $28.75M
CAGR+31.6%
Avg YoY Growth+77.2%
Median YoY Growth+51.3%
Current Streak2 quarters decline
Work in process at Other Companies
Frequently Asked Questions
- What is Credo Technology Group Holding Ltd's work in process?
- Credo Technology Group Holding Ltd (CRDO) reported work in process of $23.59M in Q4 2025.
- How has Credo Technology Group Holding Ltd's work in process changed year-over-year?
- Credo Technology Group Holding Ltd's work in process increased by 36.3% year-over-year, from $17.31M to $23.59M.
- What is the long-term trend for Credo Technology Group Holding Ltd's work in process?
- Over 3 years (2022 to 2025), Credo Technology Group Holding Ltd's work in process has grown at a 33.4% compound annual growth rate (CAGR), from $10.35M to $24.58M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.