ADD Industry (Zhejiang) (SHSE:603089) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is ADD Industry (Zhejiang) Change In Inventory?

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

ADD Industry (Zhejiang)'s change in inventory for the fiscal year that ended in Dec. 2023 was ¥-45 Mil. It means ADD Industry (Zhejiang)'s inventory increased by ¥45 Mil from Dec. 2022 to Dec. 2023 .

ADD Industry (Zhejiang)'s Total Inventories for the quarter that ended in Mar. 2024 was ¥494 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ADD Industry (Zhejiang)'s Days Inventory for the quarter that ended in Mar. 2024 was 140.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. ADD Industry (Zhejiang)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. ADD Industry (Zhejiang)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

ADD Industry (Zhejiang) Change In Inventory Historical Data

The historical data trend for ADD Industry (Zhejiang)'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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ADD Industry (Zhejiang) Change In Inventory Chart

ADD Industry (Zhejiang) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-71.40

-91.02

-216.71

41.89

-44.64

ADD Industry (Zhejiang) 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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ADD Industry (Zhejiang) 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.

ADD Industry (Zhejiang) (SHSE:603089) Change In Inventory Explanation

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

ADD Industry (Zhejiang)'s Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	475.492	/	308.624	*	365 / 4
	=	140.59

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

ADD Industry (Zhejiang)'s Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	308.624	/	475.492
	=	0.65

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.

ADD Industry (Zhejiang)'s Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	475.492	/	421.461
	=	1.13

ADD Industry (Zhejiang) Change In Inventory Related Terms

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ADD Industry (Zhejiang) (SHSE:603089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ADD Industry (Zhejiang) Corp Ltd (SHSE:603089) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

38-88 shuanggang road, Zhejiang Province, Yuhuan County, CHN, 317600

Website

http://www.addchina.com

ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.

Executives

Zheng Lian Ping	Director
Liu Yong	Director
Ye Wei Ming	Supervisors
Chen Ling Hui	Directors, senior managers
Zheng Nian Hui	Director

ADD Industry (Zhejiang) (SHSE:603089) Headlines

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