Changzhou Nrb (SZSE:002708) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Changzhou Nrb Change In Inventory?

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

Changzhou Nrb's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-26 Mil. It means Changzhou Nrb's inventory increased by ¥26 Mil from Dec. 2022 to Dec. 2023 .

Changzhou Nrb's Total Inventories for the quarter that ended in Mar. 2024 was ¥411 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changzhou Nrb's Days Inventory for the quarter that ended in Mar. 2024 was 77.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Changzhou Nrb's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.18.

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. Changzhou Nrb's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

Changzhou Nrb Change In Inventory Historical Data

The historical data trend for Changzhou Nrb'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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Changzhou Nrb Change In Inventory Chart

Changzhou Nrb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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7.11

-77.33

-7.97

-83.09

-25.79

Changzhou Nrb 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															-	-	-	-	-

Changzhou Nrb 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.

Changzhou Nrb (SZSE:002708) Change In Inventory Explanation

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

Changzhou Nrb's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	403.625	/	477.051	*	365 / 4
	=	77.21

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

Changzhou Nrb's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	477.051	/	403.625
	=	1.18

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.

Changzhou Nrb's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	403.625	/	569.817
	=	0.71

Changzhou Nrb Change In Inventory Related Terms

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Changzhou Nrb (SZSE:002708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changzhou Nrb Corp (SZSE:002708) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022

Website

http://www.nrb.com.cn

Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Executives

Cheng Shang Nan	Director
Zhang Jian Gang	Executives
Weng Jun	Executives
Wu Chao Yang	Directors, executives
Zheng Wei Qiang	Directors, Directors, and Executives
Li Shu Hua	Director
Huang Xing Hua	Executives
Shen Ya Jun	Executives
Yao Jian Ping	Supervisors
Xu Jian Feng	Supervisors
Cheng Shang Bai	Directors, executives
Cheng Xiao Su	Director

Changzhou Nrb (SZSE:002708) Headlines

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