Ningxia Orient Tantalum Industry Co (SZSE:000962) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Ningxia Orient Tantalum Industry Co Change In Inventory?

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

Ningxia Orient Tantalum Industry Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-12 Mil. It means Ningxia Orient Tantalum Industry Co's inventory increased by ¥12 Mil from Dec. 2022 to Dec. 2023 .

Ningxia Orient Tantalum Industry Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥465 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningxia Orient Tantalum Industry Co's Days Inventory for the quarter that ended in Mar. 2024 was 195.48.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningxia Orient Tantalum Industry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.47.

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. Ningxia Orient Tantalum Industry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.75.

Ningxia Orient Tantalum Industry Co Change In Inventory Historical Data

The historical data trend for Ningxia Orient Tantalum 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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Ningxia Orient Tantalum Industry Co Change In Inventory Chart

Ningxia Orient Tantalum Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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129.07

-28.02

-81.39

-56.54

-12.01

Ningxia Orient Tantalum 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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Ningxia Orient Tantalum 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.

Ningxia Orient Tantalum Industry Co (SZSE:000962) Change In Inventory Explanation

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

Ningxia Orient Tantalum 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
	=	452.897	/	211.417	*	365 / 4
	=	195.48

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

Ningxia Orient Tantalum 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
	=	211.417	/	452.897
	=	0.47

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.

Ningxia Orient Tantalum Industry Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	452.897	/	258.456
	=	1.75

Ningxia Orient Tantalum Industry Co Change In Inventory Related Terms

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Ningxia Orient Tantalum Industry Co (SZSE:000962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningxia Orient Tantalum Industry Co Ltd (SZSE:000962) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No.119 Yanjin Road, Ningxia, Shizuishan, CHN, 753000

Website

http://www.otic.com.cn

Ningxia Orient Tantalum Industry Co Ltd is specialized in research, development, and production of rare metals in China. It produces metals and alloys of tantalum, niobium, beryllium, and titanium, as well as SiC and PV abrasive materials, battery energy materials and others. These products are used in electronics, communication, aviation, airspace, metallurgy, oil chemicals, lighting, sports, medicals, atomic energy, solar energy and other fields. The company distributes its products in both Chinese and overseas markets.

Executives

Jiang Bin	Executives
Nie Quan Xin	Executives
Sun Hui Zhi	Executives
Zheng Ai Guo	Executives
Ma Yue Zhong	Supervisors
Zhong Jing Ming	Director
Ye Zhao Guan	Executives
Sun Ben Shuang	Executives
Zhang Hui Zhen	Executives

Ningxia Orient Tantalum Industry Co (SZSE:000962) Headlines

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