Xinjiang Tianye Co (SHSE:600075) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Xinjiang Tianye Co Change In Inventory?

Xinjiang Tianye Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Xinjiang Tianye Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Xinjiang Tianye Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥248 Mil. It means Xinjiang Tianye Co's inventory declined by ¥248 Mil from Dec. 2022 to Dec. 2023 .

Xinjiang Tianye Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥930 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinjiang Tianye Co's Days Inventory for the quarter that ended in Mar. 2024 was 38.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xinjiang Tianye Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.39.

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. Xinjiang Tianye Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Xinjiang Tianye Co Change In Inventory Historical Data

The historical data trend for Xinjiang Tianye 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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Xinjiang Tianye Co Change In Inventory Chart

Xinjiang Tianye Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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51.25

162.15

-135.82

-269.74

247.60

Xinjiang Tianye Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Xinjiang Tianye 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 Mil.

Xinjiang Tianye Co (SHSE:600075) Change In Inventory Explanation

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

Xinjiang Tianye 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
	=	871.414	/	2081.018	*	365 / 4
	=	38.21

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

Xinjiang Tianye Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2081.018	/	871.414
	=	2.39

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.

Xinjiang Tianye Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	871.414	/	2234.725
	=	0.39

Xinjiang Tianye Co Change In Inventory Related Terms

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Xinjiang Tianye Co (SHSE:600075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinjiang Tianye Co Ltd (SHSE:600075) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 36 Beisan East Road, Economic Development Zone, Shihezi, Xinjiang, CHN, 832000

Website

http://www.xj-tianye.com

Xinjiang Tianye Co Ltd manufactures and sells chemical products in China and internationally. It offers various chemical products, such as ethylene glycol, butanediol, PVC resins, PVC paste resins, and caustic soda. The company also offers water savings products, including pressure compensating driplines, drip tapes with side flippers, agriculture unplasticized polyvinyl chloride (U-PVC) pipes, and PE hoses modified with nanomaterials.

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