Guangzhou Newlife New Material Co (SZSE:301323) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Guangzhou Newlife New Material Co Change In Inventory?

Guangzhou Newlife New Material Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Guangzhou Newlife New Material Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Guangzhou Newlife New Material Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-5.3 Mil. It means Guangzhou Newlife New Material Co's inventory increased by ¥5.3 Mil from Dec. 2022 to Dec. 2023 .

Guangzhou Newlife New Material Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥130.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Newlife New Material Co's Days Inventory for the quarter that ended in Mar. 2024 was 101.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangzhou Newlife New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

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. Guangzhou Newlife New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Guangzhou Newlife New Material Co Change In Inventory Historical Data

The historical data trend for Guangzhou Newlife New Material 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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Guangzhou Newlife New Material Co Change In Inventory Chart

Guangzhou Newlife New Material Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-29.33

1.09

-39.64

-7.58

-5.32

Guangzhou Newlife New Material Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Guangzhou Newlife New Material 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.

Guangzhou Newlife New Material Co (SZSE:301323) Change In Inventory Explanation

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

Guangzhou Newlife New Material 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
	=	130.0675	/	117.007	*	365 / 4
	=	101.44

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

Guangzhou Newlife New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	117.007	/	130.0675
	=	0.90

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.

Guangzhou Newlife New Material Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	130.0675	/	190.177
	=	0.68

Guangzhou Newlife New Material Co Change In Inventory Related Terms

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Guangzhou Newlife New Material Co (SZSE:301323) Business Description

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Address

No. 4, Canghai 4th Road, Guangzhou Economic and Technological Development Zone, Yonghe Economic Zone, Guangdong, Guangzhou, CHN, 511356

Website

http://www.kingmagnet.com

Guangzhou Newlife New Material Co Ltd is focused on the research and development and production of magnetic materials, electronic ceramic materials and devices. Its products are divided into two major product directions: civil and industrial. Industrial products mainly focus on the research and development and production of mobile phones and micro-motor peripheral products, including varistors, copper (high specific gravity alloys), thermistors (NTC), high-energy radiation protection materials, medical radiation shielding materials, nuclear radiation shielding materials, etc. Civilian products include magnetic glue materials, magnetic products, Jingyisi, magnetic advertising materials, soft magnetic coatings, etc.

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