Muliang Viagoo Technology (Muliang Viagoo Technology) Change In Inventory : $1.21 Mil (TTM As of Sep. 2023)

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What is Muliang Viagoo Technology Change In Inventory?

Muliang Viagoo Technology's change in inventory for the quarter that ended in Sep. 2023 was $-0.05 Mil. It means Muliang Viagoo Technology's inventory increased by $0.05 Mil from Jun. 2023 to Sep. 2023 .

Muliang Viagoo Technology's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.07 Mil. It means Muliang Viagoo Technology's inventory increased by $0.07 Mil from Dec. 2021 to Dec. 2022 .

Muliang Viagoo Technology's Total Inventories for the quarter that ended in Sep. 2023 was $0.34 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Muliang Viagoo Technology's Days Inventory for the quarter that ended in Sep. 2023 was 12.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Muliang Viagoo Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 7.32.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Muliang Viagoo Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

Muliang Viagoo Technology Change In Inventory Historical Data

The historical data trend for Muliang Viagoo Technology's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Muliang Viagoo Technology Change In Inventory Chart

Muliang Viagoo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.06

0.18

0.13

0.02

-0.07

Muliang Viagoo Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.47	1.37	-0.10	-0.01	-0.05

Muliang Viagoo Technology Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.21 Mil.

Muliang Viagoo Technology (OTCPK:MULG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Muliang Viagoo Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.317	/	2.322	*	365 / 4
	=	12.46

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Muliang Viagoo Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.322	/	0.317
	=	7.32

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Muliang Viagoo Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.317	/	3.837
	=	0.08

Muliang Viagoo Technology Change In Inventory Related Terms

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Muliang Viagoo Technology (Muliang Viagoo Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Muliang Viagoo Technology Inc (OTCPK:MULG) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website

http://www.cmuliang.com

Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China.

Muliang Viagoo Technology (Muliang Viagoo Technology) Headlines

From GuruFocus

Muliang Agritech, Inc. Announces Acquisition of Viagoo Pte Ltd.

By Marketwired Marketwired • 06-26-2020