Zhejiang Weixing New Building Materials Co (SZSE:002372) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Weixing New Building Materials Co Change In Inventory?

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

Zhejiang Weixing New Building Materials Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-131 Mil. It means Zhejiang Weixing New Building Materials Co's inventory increased by ¥131 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Weixing New Building Materials Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,097 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Weixing New Building Materials Co's Days Inventory for the quarter that ended in Mar. 2024 was 165.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Weixing New Building Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

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 Weixing New Building Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.06.

Zhejiang Weixing New Building Materials Co Change In Inventory Historical Data

The historical data trend for Zhejiang Weixing New Building Materials 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 Weixing New Building Materials Co Change In Inventory Chart

Zhejiang Weixing New Building Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-76.99

-40.45

-304.21

158.98

-130.68

Zhejiang Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials Co (SZSE:002372) Change In Inventory Explanation

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

Zhejiang Weixing New Building Materials 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
	=	1056.4175	/	583.207	*	365 / 4
	=	165.29

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

Zhejiang Weixing New Building Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	583.207	/	1056.4175
	=	0.55

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 Weixing New Building Materials Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1056.4175	/	996.663
	=	1.06

Zhejiang Weixing New Building Materials Co Change In Inventory Related Terms

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Zhejiang Weixing New Building Materials Co (SZSE:002372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Weixing New Building Materials Co Ltd (SZSE:002372) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linhai Economic Development Zone, Zhejiang, Taizhou, CHN, 317000

Website

https://www.vasen.com

Zhejiang Weixing New Building Materials Co Ltd is a China-based company engaged in manufacturing and processing plastic pipe, new building materials, raw and auxiliary accessories, sanitary ware, water meters and valves. Its brands consist of Weixing, annette, and KALE.

Executives

Jin Hong Yang	Directors, executives
Qi Jin Xiu	Executives
Xie Jin Kun	Director
Chen An Men	Executives
Zhang San Yun	Director
Li Xiao Ming	Securities Affairs Representative
Zhang Ka Peng	Director
Chen Guo Gui	Supervisors
Shi Guo Jun	Executives
Qu San Lu	Executives

Zhejiang Weixing New Building Materials Co (SZSE:002372) Headlines

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