Zhejiang Weiming Environment Protection Co (SHSE:603568) Change In Inventory : ¥0 Mil (TTM As of Dec. 2023)

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What is Zhejiang Weiming Environment Protection Co Change In Inventory?

Zhejiang Weiming Environment Protection Co's change in inventory for the quarter that ended in Dec. 2023 was ¥0 Mil. It means Zhejiang Weiming Environment Protection Co's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Zhejiang Weiming Environment Protection Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-72 Mil. It means Zhejiang Weiming Environment Protection Co's inventory increased by ¥72 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Weiming Environment Protection Co's Total Inventories for the quarter that ended in Dec. 2023 was ¥228 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Weiming Environment Protection Co's Days Inventory for the quarter that ended in Dec. 2023 was 33.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Weiming Environment Protection Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.73.

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. Zhejiang Weiming Environment Protection Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Zhejiang Weiming Environment Protection Co Change In Inventory Historical Data

The historical data trend for Zhejiang Weiming Environment Protection 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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Zhejiang Weiming Environment Protection Co Change In Inventory Chart

Zhejiang Weiming Environment Protection Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-20.18

-43.99

22.94

-18.42

-72.01

Zhejiang Weiming Environment Protection Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Zhejiang Weiming Environment Protection 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Zhejiang Weiming Environment Protection Co (SHSE:603568) Change In Inventory Explanation

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

Zhejiang Weiming Environment Protection 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
	=	263.3215	/	717.98	*	365 / 4
	=	33.47

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

Zhejiang Weiming Environment Protection Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	717.98	/	263.3215
	=	2.73

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.

Zhejiang Weiming Environment Protection Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	263.3215	/	1403.378
	=	0.19

Zhejiang Weiming Environment Protection Co Change In Inventory Related Terms

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Zhejiang Weiming Environment Protection Co (SHSE:603568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Zhejiang Weiming Environment Protection Co Ltd (SHSE:603568) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

525 Shifu Road, 16th Floor, Tongren Hengjiu Building, Zhejiang, Wenzhou, CHN, 325088

Website

http://www.cnweiming.com

Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grate, boiler, and flue gas treatment system.

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