Tonking New Energy Group Holdings (HKSE:08326) Change In Inventory : HK$0.0 Mil (TTM As of Sep. 2023)

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What is Tonking New Energy Group Holdings Change In Inventory?

Tonking New Energy Group Holdings's change in inventory for the quarter that ended in Sep. 2023 was HK$0.0 Mil. It means Tonking New Energy Group Holdings's inventory stayed the same from Jun. 2023 to Sep. 2023 .

Tonking New Energy Group Holdings's change in inventory for the fiscal year that ended in Mar. 2023 was HK$-4.1 Mil. It means Tonking New Energy Group Holdings's inventory increased by HK$4.1 Mil from Mar. 2022 to Mar. 2023 .

Tonking New Energy Group Holdings's Total Inventories for the quarter that ended in Sep. 2023 was HK$14.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tonking New Energy Group Holdings's Days Inventory for the quarter that ended in Sep. 2023 was 7.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tonking New Energy Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 12.08.

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. Tonking New Energy Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

Tonking New Energy Group Holdings Change In Inventory Historical Data

The historical data trend for Tonking New Energy Group 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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Tonking New Energy Group Holdings Change In Inventory Chart

Tonking New Energy Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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5.82

21.79

-3.24

-2.14

-4.13

Tonking New Energy Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Tonking New Energy Group 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 quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Tonking New Energy Group Holdings (HKSE:08326) Change In Inventory Explanation

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

Tonking New Energy Group 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
	=	7.121	/	86.001	*	365 / 4
	=	7.56

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

Tonking New Energy Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	86.001	/	7.121
	=	12.08

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.

Tonking New Energy Group Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.121	/	92.32
	=	0.08

Tonking New Energy Group Holdings Change In Inventory Related Terms

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Tonking New Energy Group Holdings (HKSE:08326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments includes Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value added solution for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The business of the group is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Executives

Wu Jiannong	2201 Interest of corporation controlled by you
Rise Triumph Limited	2101 Beneficial owner
Xu Jun	2101 Beneficial owner
Victory Stand International Limited	2101 Beneficial owner
Wu Kai Char	2201 Interest of corporation controlled by you

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