Angang Steel Co (SZSE:000898) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Angang Steel Co Change In Inventory?

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

Angang Steel Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-3,127 Mil. It means Angang Steel Co's inventory increased by ¥3,127 Mil from Dec. 2022 to Dec. 2023 .

Angang Steel Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥15,467 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Angang Steel Co's Days Inventory for the quarter that ended in Mar. 2024 was 51.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Angang Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.77.

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. Angang Steel Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.

Angang Steel Co Change In Inventory Historical Data

The historical data trend for Angang Steel 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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Angang Steel Co Change In Inventory Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3,357.00

-996.00

-8,383.00

5,833.00

-3,127.00

Angang Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Angang Steel 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.

Angang Steel Co (SZSE:000898) Change In Inventory Explanation

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

Angang Steel 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
	=	16016	/	28287	*	365 / 4
	=	51.67

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

Angang Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	28287	/	16016
	=	1.77

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.

Angang Steel Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16016	/	27343
	=	0.59

Angang Steel Co Change In Inventory Related Terms

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Angang Steel Co (SZSE:000898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (SZSE:000898) » Definitions » Change In Inventory

Traded in Other Exchanges

ANGGF:USA 00347:Hong Kong GNV:Germany

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Executives

Tian Yong	Executives, directors
Zhang Hong Jun	Executives, directors
Meng Jin Song	Executives
Wang Bao Jun	Executives, directors, directors
Wang Yi Dong	Directors, executives
Zhang Xiao Gang	Director
Liu Jie	Executives
Zhang Li Fen	Executives
Su Wen Sheng	Supervisors
Ren Zi Ping	Executives
Chen Ming	Directors, executives
Yang Hua	Director
Ma Lian Yong	Executives
Dan Ming Yi	Supervisors
Liu Bao Shan	Executives

Angang Steel Co (SZSE:000898) Headlines

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