Yantai Jereh Oilfield Services Group Co (SZSE:002353) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Yantai Jereh Oilfield Services Group Co Change In Inventory?

Yantai Jereh Oilfield Services Group Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Yantai Jereh Oilfield Services Group Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Yantai Jereh Oilfield Services Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-174 Mil. It means Yantai Jereh Oilfield Services Group Co's inventory increased by ¥174 Mil from Dec. 2022 to Dec. 2023 .

Yantai Jereh Oilfield Services Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥5,563 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yantai Jereh Oilfield Services Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 355.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yantai Jereh Oilfield Services Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

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. Yantai Jereh Oilfield Services Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.51.

Yantai Jereh Oilfield Services Group Co Change In Inventory Historical Data

The historical data trend for Yantai Jereh Oilfield Services Group 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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Yantai Jereh Oilfield Services Group Co Change In Inventory Chart

Yantai Jereh Oilfield Services Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1,879.11

-926.11

366.12

-1,357.48

-174.01

Yantai Jereh Oilfield Services Group 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															-	-	-	-	-

Yantai Jereh Oilfield Services Group 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.

Yantai Jereh Oilfield Services Group Co (SZSE:002353) Change In Inventory Explanation

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

Yantai Jereh Oilfield Services Group 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
	=	5343.544	/	1369.827	*	365 / 4
	=	355.96

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

Yantai Jereh Oilfield Services Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1369.827	/	5343.544
	=	0.26

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.

Yantai Jereh Oilfield Services Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5343.544	/	2131.107
	=	2.51

Yantai Jereh Oilfield Services Group Co Change In Inventory Related Terms

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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Yantai Jereh Oilfield Services Group Co Ltd (SZSE:002353) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003

Website

http://www.jereh.com

Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

Executives

Lu Wei	Executives
Li Zhi Yong	Executives
Li Hui Tao	Director
Liu Zhen Feng	Director
Sun Wei Jie	Director
Wang Kun Xiao	Director
Dong Ting Ting	Supervisors
Wang Ji Li	Director
Liu Dong	Director
Li Xue Feng	Executives
Liu Yu Qiao	Supervisors
Cheng Yong Feng	Secretary Dong
Hu Wen Guo	Supervisors
Yu Xi Mao	Independent director
Yan Yu Li	Executives

Yantai Jereh Oilfield Services Group Co (SZSE:002353) Headlines

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