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CJET (Chijet Motor Co) Change In Inventory : $0.02 Mil (TTM As of Jun. 2024)


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What is Chijet Motor Co Change In Inventory?

Chijet Motor Co's change in inventory for the quarter that ended in Jun. 2024 was $-3.71 Mil. It means Chijet Motor Co's inventory increased by $3.71 Mil from Dec. 2023 to Jun. 2024 .

Chijet Motor Co's change in inventory for the fiscal year that ended in Dec. 2023 was $3.97 Mil. It means Chijet Motor Co's inventory declined by $3.97 Mil from Dec. 2022 to Dec. 2023 .

Chijet Motor Co's Total Inventories for the quarter that ended in Jun. 2024 was $16.72 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chijet Motor Co's Days Inventory for the quarter that ended in Jun. 2024 was 182.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chijet Motor Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.00.

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. Chijet Motor Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 4.62.

Chijet Motor Co Change In Inventory Historical Data

The historical data trend for Chijet Motor 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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Chijet Motor Co Change In Inventory Chart

Chijet Motor Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Change In Inventory
-8.53 -25.08 0.49 3.97

Chijet Motor Co Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Change In Inventory Get a 7-Day Free Trial 6.66 -6.17 0.25 3.73 -3.71

Chijet Motor 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.02 Mil.

* 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.

Chijet Motor Co  (NAS:CJET) Change In Inventory Explanation

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

Chijet Motor 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
=15.752/15.739*365 / 2
=182.65

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

Chijet Motor Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=15.739 / 15.752
=1.00

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.

Chijet Motor Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=15.752 / 3.407
=4.62

* 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.

Chijet Motor Co Change In Inventory Related Terms

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Chijet Motor Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chijet Motor Co Inc (NAS:CJET) » Definitions » Change In Inventory
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Traded in Other Exchanges
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai, Shandong, CHN, 264006
Website
https://www.chijetmotors.com
Chijet Motor Co Inc is engaged in the research and development, production and sales of new energy vehicles. New energy vehicles refer to plug-in electric vehicles including battery electric vehicles, plug-in hybrid (PHEV) electric vehicles, and fuel cell electric vehicles. Its passenger vehicles include small cars, sedans, and sports utility vehicles, or SUVs, and commercial vehicles include light trucks and vans.