Kindstar Globalgene Technology (HKSE:09960) Change In Inventory : HK$10 Mil (TTM As of Dec. 2023)

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What is Kindstar Globalgene Technology Change In Inventory?

Kindstar Globalgene Technology's change in inventory for the quarter that ended in Dec. 2023 was HK$3 Mil. It means Kindstar Globalgene Technology's inventory declined by HK$3 Mil from Jun. 2023 to Dec. 2023 .

Kindstar Globalgene Technology's change in inventory for the fiscal year that ended in Dec. 2023 was HK$10 Mil. It means Kindstar Globalgene Technology's inventory declined by HK$10 Mil from Dec. 2022 to Dec. 2023 .

Kindstar Globalgene Technology's Total Inventories for the quarter that ended in Dec. 2023 was HK$53 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kindstar Globalgene Technology's Days Inventory for the quarter that ended in Dec. 2023 was 34.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kindstar Globalgene Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.33.

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. Kindstar Globalgene Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

Kindstar Globalgene Technology Change In Inventory Historical Data

The historical data trend for Kindstar Globalgene 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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Kindstar Globalgene Technology Change In Inventory Chart

Kindstar Globalgene Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-13.21

-4.94

-9.78

-12.61

9.74

Kindstar Globalgene Technology Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial					-8.68	-1.53	-11.16	6.87	2.87

Kindstar Globalgene 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 semi-annually data reported by the company within the most recent 12 months, which was HK$10 Mil.

Kindstar Globalgene Technology (HKSE:09960) Change In Inventory Explanation

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

Kindstar Globalgene 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
	=	54.814	/	292.357	*	365 / 2
	=	34.22

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	292.357	/	54.814
	=	5.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54.814	/	518.998
	=	0.11

Kindstar Globalgene Technology Change In Inventory Related Terms

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Kindstar Globalgene Technology (HKSE:09960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Kindstar Globalgene Technology Inc (HKSE:09960) » Definitions » Change In Inventory

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Address

Biolake D2-1, 666 Gaoxin Road, East Lake High Tech Zone, Hubei Province, Wuhan, CHN

Website

https://www.kindstar.com.cn

Kindstar Globalgene Technology Inc is principally engaged in the provision of clinical testing services. It organizes the business into nine segments, including hematology testing, genetic disease and rare disease testing, infectious disease testing, oncology testing, neurology testing, maternity-related testing, COVID-19-related testing, routine testing, and Other segment provides Testing services for R&D projects and others and miscellaneous services.

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