NOVA Technology (SZSE:300921) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is NOVA Technology Change In Inventory?

NOVA Technology's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means NOVA Technology's inventory stayed the same from Dec. 2023 to Mar. 2024 .

NOVA Technology's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-11.2 Mil. It means NOVA Technology's inventory increased by ¥11.2 Mil from Dec. 2022 to Dec. 2023 .

NOVA Technology's Total Inventories for the quarter that ended in Mar. 2024 was ¥16.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NOVA Technology's Days Inventory for the quarter that ended in Mar. 2024 was 16.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. NOVA Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.49.

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. NOVA Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

NOVA Technology Change In Inventory Historical Data

The historical data trend for NOVA Technology'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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NOVA Technology Change In Inventory Chart

NOVA Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.57

-1.30

3.55

-12.54

-11.16

NOVA Technology 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															-	-	-	-	-

NOVA Technology 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.

NOVA Technology (SZSE:300921) Change In Inventory Explanation

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

NOVA Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	22.8515	/	125.495	*	365 / 4
	=	16.62

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	125.495	/	22.8515
	=	5.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	22.8515	/	171.396
	=	0.13

NOVA Technology Change In Inventory Related Terms

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NOVA Technology (SZSE:300921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » NOVA Technology Corp Ltd (SZSE:300921) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

1006 Shennan Avenue, 16th Floor, Building A, Shenzhen International Innovation Center, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.nova.net.cn

NOVA Technology Corp Ltd is a network communication services provider. It offers dedicated network communication, cloud computing and system integration services.

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