Shanxi Meineng Clean Energy Co (SZSE:001299) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shanxi Meineng Clean Energy Co Change In Inventory?

Shanxi Meineng Clean Energy Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shanxi Meineng Clean Energy Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanxi Meineng Clean Energy Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-1.9 Mil. It means Shanxi Meineng Clean Energy Co's inventory increased by ¥1.9 Mil from Dec. 2022 to Dec. 2023 .

Shanxi Meineng Clean Energy Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥13.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanxi Meineng Clean Energy Co's Days Inventory for the quarter that ended in Mar. 2024 was 6.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanxi Meineng Clean Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.34.

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. Shanxi Meineng Clean Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

Shanxi Meineng Clean Energy Co Change In Inventory Historical Data

The historical data trend for Shanxi Meineng Clean Energy 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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Shanxi Meineng Clean Energy Co Change In Inventory Chart

Shanxi Meineng Clean Energy Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.91

-5.00

3.26

6.40

-1.86

Shanxi Meineng Clean Energy Co Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial													-	-	-	-	-

Shanxi Meineng Clean Energy 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 ¥0.0 Mil.

Shanxi Meineng Clean Energy Co (SZSE:001299) Change In Inventory Explanation

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

Shanxi Meineng Clean Energy 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
	=	13.854	/	184.745	*	365 / 4
	=	6.84

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

Shanxi Meineng Clean Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	184.745	/	13.854
	=	13.34

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.

Shanxi Meineng Clean Energy Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.854	/	210.338
	=	0.07

Shanxi Meineng Clean Energy Co Change In Inventory Related Terms

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Shanxi Meineng Clean Energy Co (SZSE:001299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shanxi Meineng Clean Energy Co Ltd (SZSE:001299) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 48 Keji Road, Room B1605, Pioneer Plaza, High-tech Zone, Shaanxi Province, Xi'an City, CHN, 710016

Website

http://www.meinenggas.com

Shanxi Meineng Clean Energy Co Ltd is an innovative and energetic professional gas operation enterprise. It is mainly engaged in investment in urban gas, compressed natural gas filling stations, LNG production plants and filling stations, coal-to-natural gas production plants, and gas pipelines; consulting in the gas industry, training and management.

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