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Shandong Tengda Fasten Tech Co (SZSE:001379) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)


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What is Shandong Tengda Fasten Tech Co Change In Inventory?

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

Shandong Tengda Fasten Tech Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-21 Mil. It means Shandong Tengda Fasten Tech Co's inventory increased by ¥21 Mil from Dec. 2022 to Dec. 2023 .

Shandong Tengda Fasten Tech Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥451 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Tengda Fasten Tech Co's Days Inventory for the quarter that ended in Mar. 2024 was 108.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Tengda Fasten Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

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. Shandong Tengda Fasten Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.10.

Shandong Tengda Fasten Tech Co Change In Inventory Historical Data

The historical data trend for Shandong Tengda Fasten Tech 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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Shandong Tengda Fasten Tech Co Change In Inventory Chart

Shandong Tengda Fasten Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
-56.16 41.23 -198.43 -13.07 -21.25

Shandong Tengda Fasten Tech Co Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Shandong Tengda Fasten Tech 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.

* 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.

Shandong Tengda Fasten Tech Co  (SZSE:001379) Change In Inventory Explanation

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

Shandong Tengda Fasten Tech 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
=453.8205/380.365*365 / 4
=108.87

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

Shandong Tengda Fasten Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=380.365 / 453.8205
=0.84

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.

Shandong Tengda Fasten Tech Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=453.8205 / 412.034
=1.10

* 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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Shandong Tengda Fasten Tech Co (SZSE:001379) Business Description

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Shandong Tengda Fasten Tech Co Ltd is engaged in research and development, production and sales of stainless steel fastener products. Its product include bolt, nut, screws, washer, rivet, wood etc.

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