Zhejiang Tongxing Technology Co (SZSE:301252) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Tongxing Technology Co Change In Inventory?

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

Zhejiang Tongxing Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-30 Mil. It means Zhejiang Tongxing Technology Co's inventory increased by ¥30 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Tongxing Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥126 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Tongxing Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 51.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Tongxing Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.76.

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 Tongxing Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Zhejiang Tongxing Technology Co Change In Inventory Historical Data

The historical data trend for Zhejiang Tongxing Technology 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 Tongxing Technology Co Change In Inventory Chart

Zhejiang Tongxing Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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1.14

-18.03

-37.10

23.91

-30.45

Zhejiang Tongxing Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Zhejiang Tongxing Technology 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 Tongxing Technology Co (SZSE:301252) Change In Inventory Explanation

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

Zhejiang Tongxing Technology 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
	=	120.5465	/	212.557	*	365 / 4
	=	51.75

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

Zhejiang Tongxing Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	212.557	/	120.5465
	=	1.76

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 Tongxing Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	120.5465	/	278.074
	=	0.43

Zhejiang Tongxing Technology Co Change In Inventory Related Terms

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Zhejiang Tongxing Technology Co (SZSE:301252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tongxing Technology Co Ltd (SZSE:301252) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 889, Xinchang Avenue East Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.zjtx.cn

Zhejiang Tongxing Technology Co Ltd is engaged in the Research and development, production and sales of refrigeration equipment-related products. Its products include AUTO AC Copper Tube Assembly, Aluminum Evaporator Top Type, Microchannel Evaporator Coil, heat exchangers for vehicle refrigerators, and Others.

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