Huadi International Group Co (Huadi International Group Co) Change In Inventory : $-2.55 Mil (TTM As of Sep. 2023)

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What is Huadi International Group Co Change In Inventory?

Huadi International Group Co's change in inventory for the quarter that ended in Sep. 2023 was $1.47 Mil. It means Huadi International Group Co's inventory declined by $1.47 Mil from Mar. 2023 to Sep. 2023 .

Huadi International Group Co's change in inventory for the fiscal year that ended in Sep. 2023 was $-2.55 Mil. It means Huadi International Group Co's inventory increased by $2.55 Mil from Sep. 2022 to Sep. 2023 .

Huadi International Group Co's Total Inventories for the quarter that ended in Sep. 2023 was $26.71 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huadi International Group Co's Days Inventory for the quarter that ended in Sep. 2023 was 129.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Huadi International Group Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.41.

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. Huadi International Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.61.

Huadi International Group Co Change In Inventory Historical Data

The historical data trend for Huadi International Group 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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Huadi International Group Co Change In Inventory Chart

Huadi International Group Co Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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3.57

-1.99

-0.76

-4.65

-2.55

Huadi International Group Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial						1.27	-4.16	-0.49	-4.02	1.47

Huadi International Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.55 Mil.

Huadi International Group Co (NAS:HUDI) Change In Inventory Explanation

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

Huadi International Group 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
	=	28.274	/	39.754	*	365 / 2
	=	129.80

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

Huadi International Group Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.754	/	28.274
	=	1.41

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.

Huadi International Group Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.274	/	46.38
	=	0.61

Huadi International Group Co Change In Inventory Related Terms

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Huadi International Group Co (Huadi International Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huadi International Group Co Ltd (NAS:HUDI) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No.1688 Tianzhong Street, Longwan District, Zhejiang Province, Wenzhou, CHN, 325025

Website

http://www.huadigroup.com

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.