Qilian International Holding Group (Qilian International Holding Group) Change In Inventory : $3.40 Mil (TTM As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Qilian International Holding Group Change In Inventory?

Qilian International Holding Group's change in inventory for the quarter that ended in Sep. 2023 was $5.47 Mil. It means Qilian International Holding Group's inventory declined by $5.47 Mil from Mar. 2023 to Sep. 2023 .

Qilian International Holding Group's change in inventory for the fiscal year that ended in Sep. 2023 was $3.40 Mil. It means Qilian International Holding Group's inventory declined by $3.40 Mil from Sep. 2022 to Sep. 2023 .

Qilian International Holding Group's Total Inventories for the quarter that ended in Sep. 2023 was $4.99 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qilian International Holding Group's Days Inventory for the quarter that ended in Sep. 2023 was 81.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qilian International Holding Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.25.

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. Qilian International Holding Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.46.

Qilian International Holding Group Change In Inventory Historical Data

The historical data trend for Qilian International Holding 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.

* Premium members only.

Qilian International Holding Group Change In Inventory Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

Get a 7-Day Free Trial

-3.49

1.40

0.05

2.23

3.40

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial								0.76	-0.54	2.77	-2.07	5.47

Qilian International Holding Group 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 $3.40 Mil.

Qilian International Holding Group (NAS:QLI) Change In Inventory Explanation

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

Qilian International Holding 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
	=	7.9435	/	17.851	*	365 / 2
	=	81.21

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.851	/	7.9435
	=	2.25

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.9435	/	17.308
	=	0.46

Qilian International Holding Group Change In Inventory Related Terms

Thank you for viewing the detailed overview of Qilian International Holding Group's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.