Qinghailt Lake Industry Co (SZSE:000792) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Qinghailt Lake Industry Co Change In Inventory?

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

Qinghailt Lake Industry Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥513 Mil. It means Qinghailt Lake Industry Co's inventory declined by ¥513 Mil from Dec. 2022 to Dec. 2023 .

Qinghailt Lake Industry Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,349 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qinghailt Lake Industry Co's Days Inventory for the quarter that ended in Mar. 2024 was 84.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qinghailt Lake Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.

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. Qinghailt Lake Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Qinghailt Lake Industry Co Change In Inventory Historical Data

The historical data trend for Qinghailt Lake Industry 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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Qinghailt Lake Industry Co Change In Inventory Chart

Qinghailt Lake Industry Co Annual Data

Trend

Dec14

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Dec16

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Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-50.02

988.50

100.14

-597.94

512.57

Qinghailt Lake Industry 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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Qinghailt Lake Industry 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.

Qinghailt Lake Industry Co (SZSE:000792) Change In Inventory Explanation

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

Qinghailt Lake Industry 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
	=	1290.8835	/	1397.334	*	365 / 4
	=	84.30

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

Qinghailt Lake Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1397.334	/	1290.8835
	=	1.08

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.

Qinghailt Lake Industry Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1290.8835	/	2723.899
	=	0.47

Qinghailt Lake Industry Co Change In Inventory Related Terms

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Qinghailt Lake Industry Co (SZSE:000792) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Qinghai Salt Lake Industry Co Ltd (SZSE:000792) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qinghai Yellow River Road on the 28th, Golmud, CHN, 816000

Website

http://www.qhyhgf.com

Qinghai Salt Lake Industry Co Ltd operates in the dry inland Qarhan Salt Lake in Qinghai province. It is engaged in salt lake resource extraction and potash production. The company is engaged in the manufacture of chemical raw materials and chemical products. The company is located in Golmud City, Qinghai Province and is the largest potash fertilizer industrial production base in China.

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