Current Assets
Work in process
Trane Technologies Work in process decreased by 4.8% to $401.40M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.9%, from $431.20M to $401.40M. Over 4 years (FY 2020 to FY 2024), Work in process shows an upward trend with a 22.9% 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 reportedQ3 2025
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
18 periods
| 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $200.10M | $204.80M | $215.90M | $270.70M | $304.40M | $316.00M | $333.80M | $424.90M | $434.20M | $408.10M | $385.10M | $427.00M | $429.30M | $431.20M | $374.40M | $422.80M | $421.70M | $401.40M |
| QoQ Change | — | +2.3% | +5.4% | +25.4% | +12.4% | +3.8% | +5.6% | +27.3% | +2.2% | -6.0% | -5.6% | +10.9% | +0.5% | +0.4% | -13.2% | +12.9% | -0.3% | -4.8% |
| YoY Change | — | — | — | — | +52.1% | +54.3% | +54.6% | +57.0% | +42.6% | +29.1% | +15.4% | +0.5% | -1.1% | +5.7% | -2.8% | -1.0% | -1.8% | -6.9% |
| % of Inventories | 14.0% | 13.3% | 14.1% | 13.8% | 15.4% | 15.3% | 16.7% | 17.1% | 17.4% | 17.4% | 17.9% | 16.7% | 18.0% | 19.5% | 19.0% | 17.7% | 16.5% | 15.6% |
| Share Change | — | -0.7pp | +0.8pp | -0.3pp | +1.5pp | -0.0pp | +1.4pp | +0.4pp | +0.2pp | +0.0pp | +0.5pp | -1.2pp | +1.3pp | +1.4pp | -0.5pp | -1.3pp | -1.2pp | -0.9pp |
Range$200.10M – $434.20M
CAGR+17.8%
Avg YoY Growth+21.3%
Median YoY Growth+10.5%
Current Streak2 quarters decline
Work in process at Other Companies
Frequently Asked Questions
- What is Trane Technologies's work in process?
- Trane Technologies (TT) reported work in process of $401.40M in Q3 2025.
- How has Trane Technologies's work in process changed year-over-year?
- Trane Technologies's work in process decreased by 6.9% year-over-year, from $431.20M to $401.40M.
- What is the long-term trend for Trane Technologies's work in process?
- Over 4 years (2020 to 2024), Trane Technologies's work in process has grown at a 22.9% compound annual growth rate (CAGR), from $163.90M to $374.40M.
- What does work in process mean?
- The value of goods currently in the middle of the manufacturing process.