Suzhou Secote Precision Electronic Co (SHSE:603283) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Suzhou Secote Precision Electronic Co Change In Inventory?

Suzhou Secote Precision Electronic Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Suzhou Secote Precision Electronic Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Suzhou Secote Precision Electronic Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥363 Mil. It means Suzhou Secote Precision Electronic Co's inventory declined by ¥363 Mil from Dec. 2022 to Dec. 2023 .

Suzhou Secote Precision Electronic Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,382 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Secote Precision Electronic Co's Days Inventory for the quarter that ended in Mar. 2024 was 281.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Suzhou Secote Precision Electronic Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.32.

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. Suzhou Secote Precision Electronic Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.68.

Suzhou Secote Precision Electronic Co Change In Inventory Historical Data

The historical data trend for Suzhou Secote Precision 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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Suzhou Secote Precision Electronic Co Change In Inventory Chart

Suzhou Secote Precision Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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131.39

-96.44

-439.02

-798.53

362.95

Suzhou Secote Precision 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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Suzhou Secote Precision 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 Mil.

Suzhou Secote Precision Electronic Co (SHSE:603283) Change In Inventory Explanation

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

Suzhou Secote Precision 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
	=	1301.217	/	421.401	*	365 / 4
	=	281.76

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

Suzhou Secote Precision 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
	=	421.401	/	1301.217
	=	0.32

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.

Suzhou Secote Precision Electronic Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1301.217	/	774.027
	=	1.68

Suzhou Secote Precision Electronic Co Change In Inventory Related Terms

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Suzhou Secote Precision Electronic Co (SHSE:603283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Secote Precision Electronic Co Ltd (SHSE:603283) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.4 South Dongwu Road, Wuzhong, Suzhou, CHN, 215168

Website

http://www.secote.com

Suzhou Secote Precision Electronic Co Ltd is engaged in the provision of automation solutions. Secote offers technical consultancy, feasibility studies, data experimentation, system design, programming, system integration, installation and tuning, and other services. The company also provides measurement and detection equipment and fixtures. Secote's products are widely used in the consumer electronics, automotive, medical, household appliance, apparel and personal care, food service, and cosmetics industries.

Executives

Yang Wei	Director
	Director
Chen Xiang Bing	Director
Li San Bao	Director
Zhao Jian Hua	Directors, senior managers
Huang Yuan Yuan	senior management
Wang Yong	Director
Sun Feng	Directors, senior managers
Bie Yuan Feng	Supervisors
Sun Quan	Supervisors
Lou Hong Wei	Director
Liu Yan Wei	senior management
Ceng Hui	Director
Fu Kai Qiang	Director
Liu Hong Ning	senior management

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