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Wetouch Technology (Wetouch Technology) Change In Inventory : $0.19 Mil (TTM As of Dec. 2023)


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What is Wetouch Technology Change In Inventory?

Wetouch Technology's change in inventory for the quarter that ended in Dec. 2023 was $-0.01 Mil. It means Wetouch Technology's inventory increased by $0.01 Mil from Sep. 2023 to Dec. 2023 .

Wetouch Technology's change in inventory for the fiscal year that ended in Dec. 2023 was $0.19 Mil. It means Wetouch Technology's inventory declined by $0.19 Mil from Dec. 2022 to Dec. 2023 .

Wetouch Technology's Total Inventories for the quarter that ended in Dec. 2023 was $0.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wetouch Technology's Days Inventory for the quarter that ended in Dec. 2023 was 8.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wetouch Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.58.

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. Wetouch Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Wetouch Technology Change In Inventory Historical Data

The historical data trend for Wetouch 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.

* Premium members only.

Wetouch Technology Change In Inventory Chart

Wetouch Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
0.01 -0.24 0.19 -0.20 0.19

Wetouch Technology Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.26 -0.02 -0.04 -0.01

Wetouch 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.19 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.

Wetouch Technology  (NAS:WETH) Change In Inventory Explanation

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

Wetouch 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
=0.213/2.253*365 / 4
=8.63

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

Wetouch Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2.253 / 0.213
=10.58

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.

Wetouch Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.213 / 2.374
=0.09

* 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.

Wetouch Technology Change In Inventory Related Terms

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Wetouch Technology (Wetouch Technology) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
No. 29, Third Main Avenue, Shigao Town, Renshou County, Meishan, Sichuan, CHN, 620500
Website
https://www.wetouchinc.com
Wetouch Technology Inc is a touch panel supplier focused on R & D, production and sales of touch screen products. It offers touchscreens for a variety of applications, including GPS/car entertainment panels for automotive industry, industrial human-machine interface ("HMI"), financial and banking terminals, point of sale, lottery and gaming machines, smart home, robots and charging stations. The Company sells touchscreen products both domestically in China and internationally, covering majority areas in China, Taiwan, South Korea, and Germany.