Able Engineering Holdings (HKSE:01627) Change In Inventory : HK$0 Mil (TTM As of Sep. 2023)

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What is Able Engineering Holdings Change In Inventory?

Able Engineering Holdings's change in inventory for the quarter that ended in Sep. 2023 was HK$0 Mil. It means Able Engineering Holdings's inventory stayed the same from Mar. 2023 to Sep. 2023 .

Able Engineering Holdings's change in inventory for the fiscal year that ended in Mar. 2023 was HK$-3 Mil. It means Able Engineering Holdings's inventory increased by HK$3 Mil from Mar. 2022 to Mar. 2023 .

Able Engineering Holdings's Total Inventories for the quarter that ended in Sep. 2023 was HK$2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Able Engineering Holdings's Days Inventory for the quarter that ended in Sep. 2023 was 0.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Able Engineering Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 1,039.45.

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. Able Engineering Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Able Engineering Holdings Change In Inventory Historical Data

The historical data trend for Able Engineering Holdings'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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Able Engineering Holdings Change In Inventory Chart

Able Engineering Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-3.37

Able Engineering Holdings Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial													-	-	-	-	-

Able Engineering Holdings 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 Mil.

Able Engineering Holdings (HKSE:01627) Change In Inventory Explanation

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

Able Engineering Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.8025	/	2913.047	*	365 / 2
	=	0.18

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

Able Engineering Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2913.047	/	2.8025
	=	1,039.45

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.

Able Engineering Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.8025	/	3032.016
	=	0.00

Able Engineering Holdings Change In Inventory Related Terms

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Able Engineering Holdings (HKSE:01627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG

Website

https://www.ableeng.com.hk

Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.

Executives

Golden Lux Holdings Limited	2101 Beneficial owner
Golden More Limited	2201 Interest of corporation controlled by you
Cheng Wai Chun	2202 Interest of your spouse
Ngai Chun Hung	2201 Interest of corporation controlled by you
Fame Yield International Limited	2201 Interest of corporation controlled by you

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