Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Guangdong Zhongnan Iron & Steel Co Change In Inventory?

Guangdong Zhongnan Iron & Steel Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Guangdong Zhongnan Iron & Steel Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Guangdong Zhongnan Iron & Steel Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-123 Mil. It means Guangdong Zhongnan Iron & Steel Co's inventory increased by ¥123 Mil from Dec. 2022 to Dec. 2023 .

Guangdong Zhongnan Iron & Steel Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥2,102 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Zhongnan Iron & Steel Co's Days Inventory for the quarter that ended in Mar. 2024 was 24.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangdong Zhongnan Iron & Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.79.

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. Guangdong Zhongnan Iron & Steel Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.27.

Guangdong Zhongnan Iron & Steel Co Change In Inventory Historical Data

The historical data trend for Guangdong Zhongnan Iron & Steel 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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Guangdong Zhongnan Iron & Steel Co Change In Inventory Chart

Guangdong Zhongnan Iron & Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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78.76

92.06

-495.14

363.49

-122.86

Guangdong Zhongnan Iron & Steel 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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Guangdong Zhongnan Iron & Steel 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.

Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Change In Inventory Explanation

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

Guangdong Zhongnan Iron & Steel 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
	=	2164.2615	/	8209.602	*	365 / 4
	=	24.06

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

Guangdong Zhongnan Iron & Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8209.602	/	2164.2615
	=	3.79

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.

Guangdong Zhongnan Iron & Steel Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2164.2615	/	8049.681
	=	0.27

Guangdong Zhongnan Iron & Steel Co Change In Inventory Related Terms

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Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Guangdong Zhongnan Iron & Steel Co Ltd (SZSE:000717) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Shaogang Office Building, Qujiang District, Maba, Guangdong Province, Shaoguan, CHN, 512123

Website

http://www.sgss.com.cn

Guangdong Zhongnan Iron & Steel Co Ltd is engaged in the manufacturing, processing, and sales of steel and metallurgical products, metal products, coke, coal chemical products, technology development, transfer, introduction and consulting services.

Executives

Cai Jian Qun	Supervisors
Deng Yong	Supervisors
Wu Jian Ping	Executives
Shou Yao Ming	Executives
He Ping Chang	Supervisors
He Shi Qiang	Director
Lu Xue Yun	Director
Wang San Wu	Directors, executives
Chen Jian Ju	Supervisors

Guangdong Zhongnan Iron & Steel Co (SZSE:000717) Headlines

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