Harbin VITI Electronic Co (SHSE:603023) Change In Inventory : ¥0.00 Mil (TTM As of Mar. 2024)

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What is Harbin VITI Electronic Co Change In Inventory?

Harbin VITI Electronic Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.00 Mil. It means Harbin VITI Electronic Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Harbin VITI Electronic Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥16.11 Mil. It means Harbin VITI Electronic Co's inventory declined by ¥16.11 Mil from Dec. 2022 to Dec. 2023 .

Harbin VITI Electronic Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥77.63 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbin VITI Electronic Co's Days Inventory for the quarter that ended in Mar. 2024 was 535.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harbin VITI Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.17.

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. Harbin VITI Electronic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.83.

Harbin VITI Electronic Co Change In Inventory Historical Data

The historical data trend for Harbin VITI Electronic 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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Harbin VITI Electronic Co Change In Inventory Chart

Harbin VITI Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-7.23

9.58

-7.59

-14.08

16.11

Harbin VITI Electronic 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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Harbin VITI Electronic 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 ¥0.00 Mil.

Harbin VITI Electronic Co (SHSE:603023) Change In Inventory Explanation

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

Harbin VITI Electronic 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
	=	78.7065	/	13.424	*	365 / 4
	=	535.01

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

Harbin VITI Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.424	/	78.7065
	=	0.17

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.

Harbin VITI Electronic Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	78.7065	/	20.534
	=	3.83

Harbin VITI Electronic Co Change In Inventory Related Terms

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Harbin VITI Electronic Co (SHSE:603023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harbin VITI Electronic Co Ltd (SHSE:603023) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 11 West Haping Road, High-tech Development District, Heilongjiang Province, Harbin, CHN, 150060

Website

http://www.viti.net.cn

Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.

Executives

Wu Peng Cheng	senior management
Cui Jian Min	senior management
Chen Zhen Hua	Directors, senior managers
Yu Qiong	senior management
Bai Zhe Song	Director
Zhou Bao Tian	Supervisors
Liu Guo Ping	Director
Lv You Gang	senior management

Harbin VITI Electronic Co (SHSE:603023) Headlines

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