Changhong Meiling Co (SZSE:000521) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Changhong Meiling Co Change In Inventory?

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

Changhong Meiling Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-323 Mil. It means Changhong Meiling Co's inventory increased by ¥323 Mil from Dec. 2022 to Dec. 2023 .

Changhong Meiling Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥3,402 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changhong Meiling Co's Days Inventory for the quarter that ended in Mar. 2024 was 48.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changhong Meiling Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.90.

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. Changhong Meiling Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Changhong Meiling Co Change In Inventory Historical Data

The historical data trend for Changhong Meiling 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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Changhong Meiling Co Change In Inventory Chart

Changhong Meiling Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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739.89

-249.70

384.57

-347.15

-322.60

Changhong Meiling Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Changhong Meiling 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.

Changhong Meiling Co (SZSE:000521) Change In Inventory Explanation

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

Changhong Meiling 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
	=	2712.5625	/	5144.643	*	365 / 4
	=	48.11

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

Changhong Meiling Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5144.643	/	2712.5625
	=	1.90

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.

Changhong Meiling Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2712.5625	/	5940.062
	=	0.46

Changhong Meiling Co Change In Inventory Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:000521) » Definitions » Change In Inventory

Traded in Other Exchanges

200521:China

Address

No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.meiling.com

Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

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