Volcano Spring International Holdings (HKSE:01715) Change In Inventory : HK$0.00 Mil (TTM As of Jun. 2023)

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What is Volcano Spring International Holdings Change In Inventory?

Volcano Spring International Holdings's change in inventory for the quarter that ended in Jun. 2023 was HK$0.00 Mil. It means Volcano Spring International Holdings's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Volcano Spring International Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$33.75 Mil. It means Volcano Spring International Holdings's inventory declined by HK$33.75 Mil from Dec. 2022 to Dec. 2023 .

Volcano Spring International Holdings's Total Inventories for the quarter that ended in Jun. 2023 was HK$73.94 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Volcano Spring International Holdings's Days Inventory for the quarter that ended in Jun. 2023 was 400.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. Volcano Spring International Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.46.

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. Volcano Spring International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.48.

Volcano Spring International Holdings Change In Inventory Historical Data

The historical data trend for Volcano Spring International Holdings'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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Volcano Spring International Holdings Change In Inventory Chart

Volcano Spring International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.10

-12.61

2.44

-20.52

33.75

Volcano Spring International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Volcano Spring International Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.00 Mil.

Volcano Spring International Holdings (HKSE:01715) Change In Inventory Explanation

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

Volcano Spring International Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	83.942	/	38.266	*	365 / 2
	=	400.34

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

Volcano Spring International Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.266	/	83.942
	=	0.46

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.

Volcano Spring International Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	83.942	/	56.559
	=	1.48

Volcano Spring International Holdings Change In Inventory Related Terms

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Volcano Spring International Holdings (HKSE:01715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Volcano Spring International Holdings Ltd (HKSE:01715) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114

Website

http://www.mijiholdings.com

Volcano Spring International Holdings Ltd Formerly Miji International Holdings Ltd is engaged in developing, manufacturing, and selling premium kitchen appliances. Its products are Hobs and Stoves including radiant stoves and induction stoves, pots, and pans. It sells its products under the brand name Miji Design, Miji Home, and Miju Pro. It generates a majority of its revenue from the sale of Hobs and stoves (Radiant). Geographically, it generates its revenue from the People's Republic of China.

Executives

Seashore Global Enterprises Limited	2101 Beneficial owner
Wu Huizhang	2201 Interest of corporation controlled by you
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng	2101 Beneficial owner
Maeck Can Yue	2201 Interest of corporation controlled by you
Wide Big Investment Limited	2101 Beneficial owner

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