Rubber Leaf (Rubber Leaf) Change In Inventory : $0.88 Mil (TTM As of Mar. 2024)

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What is Rubber Leaf Change In Inventory?

Rubber Leaf's change in inventory for the quarter that ended in Mar. 2024 was $0.01 Mil. It means Rubber Leaf's inventory declined by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Rubber Leaf's change in inventory for the fiscal year that ended in Dec. 2023 was $0.54 Mil. It means Rubber Leaf's inventory declined by $0.54 Mil from Dec. 2022 to Dec. 2023 .

Rubber Leaf's Total Inventories for the quarter that ended in Mar. 2024 was $0.74 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rubber Leaf's Days Inventory for the quarter that ended in Mar. 2024 was 21.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rubber Leaf's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.20.

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. Rubber Leaf's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.25.

Rubber Leaf Change In Inventory Historical Data

The historical data trend for Rubber Leaf'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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Rubber Leaf Change In Inventory Chart

Rubber Leaf Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.95

-0.94

0.54

Rubber Leaf Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial						-0.34	-0.14	0.13	0.89	0.01

Rubber Leaf 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 $0.88 Mil.

Rubber Leaf (OTCPK:RLEA) Change In Inventory Explanation

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

Rubber Leaf's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.751	/	3.152	*	365 / 4
	=	21.74

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.152	/	0.751
	=	4.20

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.751	/	2.955
	=	0.25

Rubber Leaf Change In Inventory Related Terms

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Rubber Leaf (Rubber Leaf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rubber Leaf Inc (OTCPK:RLEA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qixing Road, Weng’ao Industrial Zone, Chunhu Subdistrict, Fenghua District Ningbo, Zhejiang, CHN

Website

http://www.rubberleaf.com.cn

Rubber Leaf Inc engages in the production and sales of synthetic rubber, rubber compound, car window seals, and auto parts. It derives revenue primarily through the sale of synthetic rubber, rubber compound, car window seals, and auto parts with two sales channels. The company managed and reviewed its business as two operating segments: direct supply and indirect supply models.

Executives

Hua Wang	director, officer: CFO	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Xingxiu Hua	director, 10 percent owner, officer: President	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701
Yongjun Hua	director	318 N. CARSON STREET, STE. 208, CARSON CITY NV 89701

Rubber Leaf (Rubber Leaf) Headlines

From GuruFocus

Insider Sell: President, 10% Owner Xingxiu Hua Sells 22,741 Shares of Rubber Leaf Inc (RLEA)

By GuruFocus Research • 09-09-2023