Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Qingdao Huicheng Environmental Technology Group Co Change In Inventory?

Qingdao Huicheng Environmental Technology Group Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Qingdao Huicheng Environmental Technology Group Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Qingdao Huicheng Environmental Technology Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-87 Mil. It means Qingdao Huicheng Environmental Technology Group Co's inventory increased by ¥87 Mil from Dec. 2022 to Dec. 2023 .

Qingdao Huicheng Environmental Technology Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥188 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qingdao Huicheng Environmental Technology Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 76.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qingdao Huicheng Environmental Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

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. Qingdao Huicheng Environmental Technology Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Qingdao Huicheng Environmental Technology Group Co Change In Inventory Historical Data

The historical data trend for Qingdao Huicheng Environmental Technology Group 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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Qingdao Huicheng Environmental Technology Group Co Change In Inventory Chart

Qingdao Huicheng Environmental Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-18.56

-16.05

-22.80

-21.72

-86.79

Qingdao Huicheng Environmental Technology Group 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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Qingdao Huicheng Environmental Technology Group 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.

Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Change In Inventory Explanation

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

Qingdao Huicheng Environmental Technology Group 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
	=	191.0085	/	226.735	*	365 / 4
	=	76.87

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

Qingdao Huicheng Environmental Technology Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	226.735	/	191.0085
	=	1.19

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.

Qingdao Huicheng Environmental Technology Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	191.0085	/	297.942
	=	0.64

Qingdao Huicheng Environmental Technology Group Co Change In Inventory Related Terms

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Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Qingdao Huicheng Environmental Technology Group Co Ltd (SZSE:300779) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 57, Huaihe East Road, Economic and Technological Development Zone, Shandong Province, Qingdao, CHN, 266000

Website

http://hcpect.com

Qingdao Huicheng Environmental Technology Group Co Ltd is a China based company engaged in providing waste catalyst treatment and disposal services for refining enterprises, research and development, production and sales of waste catalyst resources for comprehensive utilization of products.

Executives

Xu Gui Shan	Executives
Li Zheng	Executives
Ru Fan	Securities Affairs Representative

Qingdao Huicheng Environmental Technology Group Co (SZSE:300779) Headlines

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