GBCMY (Global Bio-chem Technology Group Co) Change In Inventory : $-4.9 Mil (TTM As of Dec. 2024)

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What is Global Bio-chem Technology Group Co Change In Inventory?

Global Bio-chem Technology Group Co's change in inventory for the quarter that ended in Dec. 2024 was $15.5 Mil. It means Global Bio-chem Technology Group Co's inventory declined by $15.5 Mil from Jun. 2024 to Dec. 2024 .

Global Bio-chem Technology Group Co's change in inventory for the fiscal year that ended in Dec. 2024 was $-5.0 Mil. It means Global Bio-chem Technology Group Co's inventory increased by $5.0 Mil from Dec. 2023 to Dec. 2024 .

Global Bio-chem Technology Group Co's Total Inventories for the quarter that ended in Dec. 2024 was $26.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Bio-chem Technology Group Co's Days Inventory for the quarter that ended in Dec. 2024 was 47.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Bio-chem Technology Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.87.

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. Global Bio-chem Technology Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.23.

Global Bio-chem Technology Group Co Change In Inventory Historical Data

The historical data trend for Global Bio-chem Technology Group 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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Global Bio-chem Technology Group Co Change In Inventory Chart

Global Bio-chem Technology Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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31.41

4.62

-18.26

3.25

-4.98

Global Bio-chem Technology Group Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Inventory	Get a 7-Day Free Trial															-20.25	-5.13	8.40	-20.43	15.55

Global Bio-chem Technology Group 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.9 Mil.

Global Bio-chem Technology Group Co (OTCPK:GBCMY) Change In Inventory Explanation

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

Global Bio-chem Technology Group 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
	=	32.5035	/	125.763	*	365 / 2
	=	47.17

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

Global Bio-chem Technology Group Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	125.763	/	32.5035
	=	3.87

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.

Global Bio-chem Technology Group Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32.5035	/	141.837
	=	0.23

Global Bio-chem Technology Group Co Change In Inventory Related Terms

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Global Bio-chem Technology Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Bio-chem Technology Group Co Ltd (OTCPK:GBCMY) » Definitions » Change In Inventory

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Traded in Other Exchanges

00809:Hong Kong GLY:Germany

Address

18 Hung Luen Road, Suite 1002, 10th Floor, Tower A, Cheung Kei Center, Hung Hom, Kowloon, Hong Kong, HKG

Website

http://www.globalbiochem.com

Global Bio-chem Technology Group Co Ltd manufactures and sells corn-refined products and corn-based biochemical products. Its segments are; Upstream products, Amino acids, and Polyol chemicals. The company generates a majority of its revenue from the Upstream products segment which engages in the manufacture and sale of corn starch, gluten meal, corn oil, and other corn refined products. Geographically, the firm generates a majority of its revenue from the People's Republic of China followed by the Americas, Asia, and other regions.

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