Ovctek China (SZSE:300595) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Ovctek China Change In Inventory?

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

Ovctek China's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-27 Mil. It means Ovctek China's inventory increased by ¥27 Mil from Dec. 2022 to Dec. 2023 .

Ovctek China's Total Inventories for the quarter that ended in Mar. 2024 was ¥163 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ovctek China's Days Inventory for the quarter that ended in Mar. 2024 was 132.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ovctek China's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

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. Ovctek China's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

Ovctek China Change In Inventory Historical Data

The historical data trend for Ovctek China'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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Ovctek China Change In Inventory Chart

Ovctek China Annual Data

Trend

Dec14

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Dec16

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Dec22

Dec23

Change In Inventory

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1.23

-8.17

-27.86

-17.33

-27.44

Ovctek China 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															-	-	-	-	-

Ovctek China 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.

Ovctek China (SZSE:300595) Change In Inventory Explanation

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

Ovctek China's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	161.3915	/	111.509	*	365 / 4
	=	132.07

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

Ovctek China's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	111.509	/	161.3915
	=	0.69

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.

Ovctek China's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	161.3915	/	464.529
	=	0.35

Ovctek China Change In Inventory Related Terms

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Ovctek China (SZSE:300595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Ovctek China Inc (SZSE:300595) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4899 Wangjiang West Road, High-tech Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.orthok.cn

Ovctek China Inc is a China-based company engaged in the research and development, production, and sales of rigid gas permeable contact lens products. Its products include Hard Mirror, Mirror Teshu family, High-end ophthalmic products, and Security products. The company-owned trademarks are DreamVision, DreamDawei, Ri Dawei, Hua Cone, Jing Teshu, openvision, and Mengshiqing among others.

Executives

Tao Yue Qun	Directors, executives
	Directors, executives
Yin Yin	Director

Ovctek China (SZSE:300595) Headlines

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