Western Mining Co (SHSE:601168) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Western Mining Co Change In Inventory?

Western Mining Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Western Mining Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Western Mining Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥307 Mil. It means Western Mining Co's inventory declined by ¥307 Mil from Dec. 2022 to Dec. 2023 .

Western Mining Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥4,246 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Western Mining Co's Days Inventory for the quarter that ended in Mar. 2024 was 37.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Western Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.42.

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. Western Mining Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Western Mining Co Change In Inventory Historical Data

The historical data trend for Western Mining Co'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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Western Mining Co Change In Inventory Chart

Western Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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579.05

352.84

16.41

-317.51

306.77

Western Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Western Mining Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Western Mining Co (SHSE:601168) Change In Inventory Explanation

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

Western Mining Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3704.23	/	8947.452	*	365 / 4
	=	37.78

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

Western Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8947.452	/	3704.23
	=	2.42

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.

Western Mining Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3704.23	/	10973.913
	=	0.34

Western Mining Co Change In Inventory Related Terms

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Western Mining Co (SHSE:601168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mining Co Ltd (SHSE:601168) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No.52, No.54 Avenue, Qinghai Province, Xining, CHN, 810001

Website

http://www.westmining.com

Western Mining Co Ltd is a mining company mainly engaged in the comprehensive development of mineral resources in the western region of China. The company's business operations include mining, smelting, and trading of basic non-ferrous metals and ferrous metals such as copper, lead, zinc, and iron. It is divided into four major trading sectors: mining, smelting, trade, and finance.

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