Weihai Guangwei Composites Co (SZSE:300699) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Weihai Guangwei Composites Co Change In Inventory?

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

Weihai Guangwei Composites Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥150 Mil. It means Weihai Guangwei Composites Co's inventory declined by ¥150 Mil from Dec. 2022 to Dec. 2023 .

Weihai Guangwei Composites Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥497 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weihai Guangwei Composites Co's Days Inventory for the quarter that ended in Mar. 2024 was 160.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weihai Guangwei Composites Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

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. Weihai Guangwei Composites Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Weihai Guangwei Composites Co Change In Inventory Historical Data

The historical data trend for Weihai Guangwei Composites 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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Weihai Guangwei Composites Co Change In Inventory Chart

Weihai Guangwei Composites Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-102.30

10.87

-126.48

-224.93

150.22

Weihai Guangwei Composites 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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Weihai Guangwei Composites 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.

Weihai Guangwei Composites Co (SZSE:300699) Change In Inventory Explanation

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

Weihai Guangwei Composites 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
	=	476.72	/	271.257	*	365 / 4
	=	160.37

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

Weihai Guangwei Composites Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	271.257	/	476.72
	=	0.57

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.

Weihai Guangwei Composites Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	476.72	/	511.597
	=	0.93

Weihai Guangwei Composites Co Change In Inventory Related Terms

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Weihai Guangwei Composites Co (SZSE:300699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Weihai Guangwei Composites Co Ltd (SZSE:300699) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Tianjin High Road - 130, Hi-Tech District, Shandong Province, Weihai, CHN, 264202

Website

http://www.gwcfc.com

Weihai Guangwei Composites Co Ltd is engaged in research, development, and production of advanced composites. It offers carbon, reinforced fiber fabric, prepregs and composite products. It is also engaged in equipment manufacturing. The company's composites and products are widely applied in various industries which include wind power, shipbuilding, sports industry, transportation industry, medical apparatus and instrument, textile machinery, industrial machinery, musical equipment, photographic equipment and the building.

Executives

Lin Feng Sen	Executives
Zhang Yue Yi	Directors, executives
Wang Zhuang Zhi	Executives
Gao Zhang Xing	Executives
Lu Zhao Jun	Director
Wang Wen Yi	Directors, executives
Li Shu Xiang	Director
Tan Xian Cai	Independent director

Weihai Guangwei Composites Co (SZSE:300699) Headlines

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