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Shanghai Longcheer Technology Co (SHSE:603341) Change In Inventory : ¥-903 Mil (TTM As of Mar. 2024)


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What is Shanghai Longcheer Technology Co Change In Inventory?

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

Shanghai Longcheer Technology Co's change in inventory for the fiscal year that ended in Dec. 2022 was ¥586 Mil. It means Shanghai Longcheer Technology Co's inventory declined by ¥586 Mil from Dec. 2021 to Dec. 2022 .

Shanghai Longcheer Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥2,811 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Longcheer Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 21.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Longcheer Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.25.

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. Shanghai Longcheer Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.


Shanghai Longcheer Technology Co Change In Inventory Historical Data

The historical data trend for Shanghai Longcheer Technology 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.

* Premium members only.

Shanghai Longcheer Technology Co Change In Inventory Chart

Shanghai Longcheer Technology Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22
Change In Inventory
Get a 7-Day Free Trial Premium Member Only 79.43 71.37 -1,131.97 -58.94 586.16

Shanghai Longcheer Technology Co Quarterly Data
Dec12 Dec13 Dec14 Jun15 Dec15 Dec16 Jun17 Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - -506.58 -396.88 -

Shanghai Longcheer Technology 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 ¥-903 Mil.

* 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.


Shanghai Longcheer Technology Co  (SHSE:603341) Change In Inventory Explanation

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

Shanghai Longcheer Technology 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
=2263.1045/9612.151*365 / 4
=21.48

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

Shanghai Longcheer Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

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.

Shanghai Longcheer Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=2263.1045 / 10336.615
=0.22

* 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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Shanghai Longcheer Technology Co (SHSE:603341) Business Description

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