Kangxin New Materials Co (SHSE:600076) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Kangxin New Materials Co Change In Inventory?

Kangxin New Materials Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Kangxin New Materials Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Kangxin New Materials Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-45.8 Mil. It means Kangxin New Materials Co's inventory increased by ¥45.8 Mil from Dec. 2022 to Dec. 2023 .

Kangxin New Materials Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥3,896.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kangxin New Materials Co's Days Inventory for the quarter that ended in Mar. 2024 was 6,383.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kangxin New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.01.

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. Kangxin New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 73.80.

Kangxin New Materials Co Change In Inventory Historical Data

The historical data trend for Kangxin New Materials 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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Kangxin New Materials Co Change In Inventory Chart

Kangxin New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-492.05

-597.55

-491.45

-151.25

-45.84

Kangxin New Materials Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Kangxin New Materials 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 ¥0.0 Mil.

Kangxin New Materials Co (SHSE:600076) Change In Inventory Explanation

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

Kangxin New Materials 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
	=	3874.877	/	55.391	*	365 / 4
	=	6,383.39

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

Kangxin New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	55.391	/	3874.877
	=	0.01

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.

Kangxin New Materials Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3874.877	/	52.506
	=	73.80

Kangxin New Materials Co Change In Inventory Related Terms

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Kangxin New Materials Co (SHSE:600076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Kangxin New Materials Co Ltd (SHSE:600076) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Wuhan East Lake Central Lake Road No. 57, Jinyinhu Withub 30, Hubei Province, Wuhan, CHN

Website

http://www.hbkangxin.com.cn

Kangxin New Materials Co Ltd engages in the collection, afforestation, processing, and sale of timber products in China. It also designs and produces building structural materials; and produces wood structural housing products. The company's products include COSB composite, multi-layer solid wood, and bamboo and wood composite container flooring products; civil sheets comprise building templates, ordinary COSB boards, environmental protection boards, and COSB boards; and landscape and green seedlings.

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