China Best Group Holding (HKSE:00370) Change In Inventory : HK$0.0 Mil (TTM As of Sep. 2023)

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What is China Best Group Holding Change In Inventory?

China Best Group Holding's change in inventory for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means China Best Group Holding's inventory stayed the same from Mar. 2023 to Sep. 2023 .

China Best Group Holding's change in inventory for the fiscal year that ended in Mar. 2023 was HK$-2.3 Mil. It means China Best Group Holding's inventory increased by HK$2.3 Mil from Mar. 2022 to Mar. 2023 .

China Best Group Holding's Total Inventories for the quarter that ended in Sep. 2023 was HK$3.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Best Group Holding's Days Inventory for the quarter that ended in Sep. 2023 was 11.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Best Group Holding's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.79.

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. China Best Group Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.05.

China Best Group Holding Change In Inventory Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Change In Inventory Chart

China Best Group Holding Annual Data

Trend

Dec12

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Dec19

Mar22

Mar23

Change In Inventory

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-0.35

-2.32

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

China Best Group Holding 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 semi-annually data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

China Best Group Holding (HKSE:00370) Change In Inventory Explanation

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

China Best Group Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	5.1725	/	81.68	*	365 / 2
	=	11.56

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

China Best Group Holding's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	81.68	/	5.1725
	=	15.79

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.

China Best Group Holding's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1725	/	106.686
	=	0.05

China Best Group Holding Change In Inventory Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

Executives

Ping Pacific Limited	2101 Beneficial owner
Yeung Yat Ping	2101 Beneficial owner
South Leader Limited	2101 Beneficial owner
Li Meng Zhe	2101 Beneficial owner
Max Kensho Capital Group Limited	2101 Beneficial owner
Sunbow Int'l Enterprise Limited	2101 Beneficial owner
Wang Baoning	2101 Beneficial owner
Li Meng Zhe	2201 Interest of corporation controlled by you
Wang Yicheng	2201 Interest of corporation controlled by you

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