Ningxia Baofeng Energy Group Co (SHSE:600989) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Ningxia Baofeng Energy Group Co Change In Inventory?

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

Ningxia Baofeng Energy Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-185 Mil. It means Ningxia Baofeng Energy Group Co's inventory increased by ¥185 Mil from Dec. 2022 to Dec. 2023 .

Ningxia Baofeng Energy Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,024 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningxia Baofeng Energy Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 18.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningxia Baofeng Energy Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.06.

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. Ningxia Baofeng Energy Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

Ningxia Baofeng Energy Group Co Change In Inventory Historical Data

The historical data trend for Ningxia Baofeng Energy Group Co'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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Ningxia Baofeng Energy Group Co Change In Inventory Chart

Ningxia Baofeng Energy Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-247.39

-48.58

-280.11

-701.72

-184.67

Ningxia Baofeng Energy Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Ningxia Baofeng Energy Group Co 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.

Ningxia Baofeng Energy Group Co (SHSE:600989) Change In Inventory Explanation

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

Ningxia Baofeng Energy Group Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1157.919	/	5863.919	*	365 / 4
	=	18.02

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

Ningxia Baofeng Energy Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5863.919	/	1157.919
	=	5.06

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.

Ningxia Baofeng Energy Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1157.919	/	8226.862
	=	0.14

Ningxia Baofeng Energy Group Co Change In Inventory Related Terms

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Ningxia Baofeng Energy Group Co (SHSE:600989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ningxia Baofeng Energy Group Co Ltd (SHSE:600989) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Baofeng Circular Economy Industrial Park, Ningdong Energy and Chemical Industry Base, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750411

Website

http://www.baofengenergy.com

Ningxia Baofeng Energy Group Co Ltd is engaged in the manufacturing of chemicals and raw chemical materials. Its product includes Polythylene, Coke, MTBE, Pure Benzene, and Modified Asphalt.

Executives

Li Zhi Bin	senior management
Liu Shi Cheng	senior management
Yong Wu	Director
Wang Min	senior management
Liu Huai Bao	Supervisors
Lu Jun	Director
Liu Yuan Guan	Director
Xia Yun	Supervisors
He Xu	Supervisors
Gao Jian Jun	Director
Ji Yong Feng	senior management
Zheng Cun Xiao	senior management
Lin Wei Guo	Director
Chen Zhao Yuan	senior management

Ningxia Baofeng Energy Group Co (SHSE:600989) Headlines

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