QuMei Home Furnishings Group Co (SHSE:603818) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is QuMei Home Furnishings Group Co Change In Inventory?

QuMei Home Furnishings Group Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means QuMei Home Furnishings Group Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

QuMei Home Furnishings Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥298 Mil. It means QuMei Home Furnishings Group Co's inventory declined by ¥298 Mil from Dec. 2022 to Dec. 2023 .

QuMei Home Furnishings Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥617 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. QuMei Home Furnishings Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 95.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. QuMei Home Furnishings Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

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. QuMei Home Furnishings Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

QuMei Home Furnishings Group Co Change In Inventory Historical Data

The historical data trend for QuMei Home Furnishings Group 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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QuMei Home Furnishings Group Co Change In Inventory Chart

QuMei Home Furnishings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-43.87

-184.91

-313.14

87.55

298.47

QuMei Home Furnishings Group 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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QuMei Home Furnishings Group 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.

QuMei Home Furnishings Group Co (SHSE:603818) Change In Inventory Explanation

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

QuMei Home Furnishings Group 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
	=	641.5865	/	612.497	*	365 / 4
	=	95.58

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

QuMei Home Furnishings Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	612.497	/	641.5865
	=	0.95

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.

QuMei Home Furnishings Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	641.5865	/	887.273
	=	0.72

QuMei Home Furnishings Group Co Change In Inventory Related Terms

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QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

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