Goertek (SZSE:002241) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Goertek Change In Inventory?

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

Goertek's change in inventory for the fiscal year that ended in Dec. 2023 was ¥7,430 Mil. It means Goertek's inventory declined by ¥7,430 Mil from Dec. 2022 to Dec. 2023 .

Goertek's Total Inventories for the quarter that ended in Mar. 2024 was ¥11,734 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goertek's Days Inventory for the quarter that ended in Mar. 2024 was 58.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goertek's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.56.

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. Goertek's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Goertek Change In Inventory Historical Data

The historical data trend for Goertek'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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Goertek Change In Inventory Chart

Goertek Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1,772.09

-4,052.81

-3,013.18

-6,108.03

7,430.25

Goertek 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															-	-	-	-	-

Goertek 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.

Goertek (SZSE:002241) Change In Inventory Explanation

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

Goertek's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	11264.2965	/	17536.144	*	365 / 4
	=	58.61

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17536.144	/	11264.2965
	=	1.56

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11264.2965	/	19311.868
	=	0.58

Goertek Change In Inventory Related Terms

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Goertek (SZSE:002241) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 268 Dongfang Road, New and High Technology Industrial Development Zone, Weifang, Shandong, CHN, 261031

Website

http://www.goertek.com

Goertek Inc is engaged in precision components like acoustics, sensors, optoelectronics, 3D package modules, augmented reality, smart wear, and intelligent audio.

Executives

Jia Jun An	Directors, executives
Jiang Bin	Director
Sun Hong Bin	Supervisors
Duan Hui Lu	Directors, executives
Liu Chun Fa	Executives
Jiang Long	Directors, executives
Yu Da Chao	Executives
Gong Jian Tang	Directors, executives
Jiang Hong Zhai	Executives
Xu Hai Zhong	Directors, executives
Xiao Ming Yu	Executives
Yao Rong Guo	Supervisors
Sun Wei Hua	Directors, executives
Song Qing Lin	Supervisors
Hu Shuang Mei	Executives

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