Shenzhen Inovance Technology Co (SZSE:300124) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shenzhen Inovance Technology Co Change In Inventory?

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

Shenzhen Inovance Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-886 Mil. It means Shenzhen Inovance Technology Co's inventory increased by ¥886 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen Inovance Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥7,232 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Inovance Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 144.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Inovance Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

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. Shenzhen Inovance Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.

Shenzhen Inovance Technology Co Change In Inventory Historical Data

The historical data trend for Shenzhen Inovance Technology 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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Shenzhen Inovance Technology Co Change In Inventory Chart

Shenzhen Inovance Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-183.99

-802.55

-1,844.60

-1,342.25

-885.51

Shenzhen Inovance Technology 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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Shenzhen Inovance Technology 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.

Shenzhen Inovance Technology Co (SZSE:300124) Change In Inventory Explanation

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

Shenzhen Inovance Technology 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
	=	6739.996	/	4243.77	*	365 / 4
	=	144.92

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

Shenzhen Inovance Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4243.77	/	6739.996
	=	0.63

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.

Shenzhen Inovance Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6739.996	/	6492.396
	=	1.04

Shenzhen Inovance Technology Co Change In Inventory Related Terms

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Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Industry

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Traded in Other Exchanges

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Address

Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101

Website

http://www.inovance.cn

Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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