Sumec (SHSE:600710) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Sumec Change In Inventory?

Sumec's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Sumec's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Sumec's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-990 Mil. It means Sumec's inventory increased by ¥990 Mil from Dec. 2022 to Dec. 2023 .

Sumec's Total Inventories for the quarter that ended in Mar. 2024 was ¥14,559 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumec's Days Inventory for the quarter that ended in Mar. 2024 was 51.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sumec's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.78.

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. Sumec's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Sumec Change In Inventory Historical Data

The historical data trend for Sumec'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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Sumec Change In Inventory Chart

Sumec Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-235.80

-2,659.01

-1,434.66

-924.05

-990.31

Sumec Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Sumec 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Sumec (SHSE:600710) Change In Inventory Explanation

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

Sumec's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12526.8245	/	22296.392	*	365 / 4
	=	51.27

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

Sumec's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	22296.392	/	12526.8245
	=	1.78

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.

Sumec's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12526.8245	/	23744.86
	=	0.53

Sumec Change In Inventory Related Terms

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Sumec (SHSE:600710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

Executives

Zhao Jian Guo	senior management
Cai Ji Bo	Director
Yang Guo Feng	Supervisors
Peng Yuan Pu	senior management
Jin Yong Chuan	senior management
Yang Yong Qing	Director
Gu Jian Su	senior management
Chen Wei	senior management
Wu Jian Ping	Supervisors
Wang Wei Yan	Director
Zou Jian Mao	senior management
Jin Rong Hua	Supervisors

Sumec (SHSE:600710) Headlines

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