Hilong Holding (HKSE:01623) Change In Inventory : HK$0 Mil (TTM As of Jun. 2023)

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What is Hilong Holding Change In Inventory?

Hilong Holding's change in inventory for the quarter that ended in Jun. 2023 was HK$0 Mil. It means Hilong Holding's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Hilong Holding's change in inventory for the fiscal year that ended in Dec. 2022 was HK$-260 Mil. It means Hilong Holding's inventory increased by HK$260 Mil from Dec. 2021 to Dec. 2022 .

Hilong Holding's Total Inventories for the quarter that ended in Jun. 2023 was HK$1,468 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hilong Holding's Days Inventory for the quarter that ended in Jun. 2023 was 160.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hilong Holding's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.14.

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. Hilong Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.60.

Hilong Holding Change In Inventory Historical Data

The historical data trend for Hilong Holding'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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Hilong Holding Change In Inventory Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-213.06

-47.21

-201.32

-117.02

-260.31

Hilong Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Hilong Holding 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Hilong Holding (HKSE:01623) Change In Inventory Explanation

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

Hilong Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1389.8265	/	1580.438	*	365 / 2
	=	160.49

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

Hilong Holding's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1580.438	/	1389.8265
	=	1.14

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.

Hilong Holding's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1389.8265	/	2303.933
	=	0.60

Hilong Holding Change In Inventory Related Terms

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Hilong Holding (HKSE:01623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hilong Holding Ltd (HKSE:01623) » Definitions » Change In Inventory

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Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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