J-Long Group (J-Long Group) Change In Inventory : $-3.28 Mil (TTM As of Mar. 2023)

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What is J-Long Group Change In Inventory?

J-Long Group's change in inventory for the quarter that ended in Mar. 2023 was $-3.28 Mil. It means J-Long Group's inventory increased by $3.28 Mil from Mar. 2022 to Mar. 2023 .

J-Long Group's change in inventory for the fiscal year that ended in Mar. 2023 was $-3.28 Mil. It means J-Long Group's inventory increased by $3.28 Mil from Mar. 2022 to Mar. 2023 .

J-Long Group's Total Inventories for the quarter that ended in Mar. 2023 was $5.79 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. J-Long Group's Days Inventory for the quarter that ended in Mar. 2023 was 26.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. J-Long Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 6.81.

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. J-Long Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.11.

J-Long Group Change In Inventory Historical Data

The historical data trend for J-Long Group'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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J-Long Group Change In Inventory Chart

J-Long Group Annual Data

Trend

Mar21

Mar22

Mar23

Change In Inventory

1.78

-0.59

-3.28

J-Long Group Semi-Annual Data
	Mar21	Mar22	Mar23
Change In Inventory	1.78	-0.59	-3.28

J-Long Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2023 was $-3.28 Mil.

J-Long Group (NAS:JL) Change In Inventory Explanation

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

J-Long Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.147	/	28.253	*	365 / 2
	=	26.79

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

J-Long Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28.253	/	4.147
	=	6.81

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.

J-Long Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.147	/	38.292
	=	0.11

J-Long Group Change In Inventory Related Terms

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J-Long Group (J-Long Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » J-Long Group Ltd (NAS:JL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

32-40 Wang Lung Street, Flat F, 8th Floor, Houston Industrial Building, Tsuen Wan New Territories, Hong Kong, HKG

Website

https://www.j-long.com

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control.

J-Long Group (J-Long Group) Headlines

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