Zhejiang XCC Group Co (SHSE:603667) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang XCC Group Co Change In Inventory?

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

Zhejiang XCC Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥75 Mil. It means Zhejiang XCC Group Co's inventory declined by ¥75 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang XCC Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥945 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang XCC Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 122.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang XCC Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

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. Zhejiang XCC Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.12.

Zhejiang XCC Group Co Change In Inventory Historical Data

The historical data trend for Zhejiang XCC 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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Zhejiang XCC Group Co Change In Inventory Chart

Zhejiang XCC Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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20.01

52.32

-233.06

-77.93

74.61

Zhejiang XCC 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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Zhejiang XCC 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.

Zhejiang XCC Group Co (SHSE:603667) Change In Inventory Explanation

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

Zhejiang XCC 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
	=	868.2805	/	646.903	*	365 / 4
	=	122.48

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

Zhejiang XCC 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
	=	646.903	/	868.2805
	=	0.75

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.

Zhejiang XCC Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	868.2805	/	772.831
	=	1.12

Zhejiang XCC Group Co Change In Inventory Related Terms

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Zhejiang XCC Group Co (SHSE:603667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang XCC Group Co Ltd (SHSE:603667) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No.199, Taitan Main Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.xcc-zxz.com

Zhejiang XCC Group Co Ltd is operating in the bearing industry. The company mainly produces high-precision, low-noise deep groove ball bearing, auto hub bearing, the precision bearing of numerical control machine, high-speed and precision bearing of thread spinner, shaft bearing and motor bearing. The company also deals with auto parts and technical equipment. Its products are mainly sold to the United States of America, Japan, Korea, Brazil and other regions.

Executives

Yu Ru Wen	senior management
Wu Hong Ying	senior management
Song Chao Jiang	senior management
Xu Rong Bin	senior management
Qin Yi	senior management
Zhang Xun Lei	senior management
Cui Cui Ping	senior management

Zhejiang XCC Group Co (SHSE:603667) Headlines

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