GTEC (Greenland Technologies Holding) Change In Inventory : $-0.67 Mil (TTM As of Sep. 2024)

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What is Greenland Technologies Holding Change In Inventory?

Greenland Technologies Holding's change in inventory for the quarter that ended in Sep. 2024 was $-0.90 Mil. It means Greenland Technologies Holding's inventory increased by $0.90 Mil from Jun. 2024 to Sep. 2024 .

Greenland Technologies Holding's change in inventory for the fiscal year that ended in Dec. 2023 was $-2.41 Mil. It means Greenland Technologies Holding's inventory increased by $2.41 Mil from Dec. 2022 to Dec. 2023 .

Greenland Technologies Holding's Total Inventories for the quarter that ended in Sep. 2024 was $21.85 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenland Technologies Holding's Days Inventory for the quarter that ended in Sep. 2024 was 138.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greenland Technologies Holding's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.66.

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. Greenland Technologies Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.12.

Greenland Technologies Holding Change In Inventory Historical Data

The historical data trend for Greenland Technologies Holding'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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Greenland Technologies Holding Change In Inventory Chart

Greenland Technologies Holding Annual Data

Trend

Nov18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.23

-4.33

-9.97

0.40

-2.41

Greenland Technologies Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-0.44	-3.74	-0.41	4.38	-0.90

Greenland Technologies Holding 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.67 Mil.

Greenland Technologies Holding (NAS:GTEC) Change In Inventory Explanation

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

Greenland Technologies Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	21.048	/	13.868	*	365 / 4
	=	138.49

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

Greenland Technologies Holding's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13.868	/	21.048
	=	0.66

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.

Greenland Technologies Holding's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.048	/	18.834
	=	1.12

Greenland Technologies Holding Change In Inventory Related Terms

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Greenland Technologies Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenland Technologies Holding Corp (NAS:GTEC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Millstone Road, Building 400, Suite 130, Zhejiang, East Windsor, NJ, USA, 08512

Website

https://ir.gtec-tech.com

Greenland Technologies Holding Corp is a developer of innovative and quality solutions in the material handling industry. It is a transmission and drivetrain systems provider for material handling equipment such as forklift trucks for industrial and logistic applications. Geographically, the company has its presence in Domestic and International markets and earns majority of the revenue from Domestic Sales.

Executives

Raymond Z Wang	officer: CEO and President	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Peter Wang	director, 10 percent owner
Jing Jin	officer: Chief Financial Officer	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Ming Zhao	director	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Bo Shen	director	11-F, BUILDING 12, SUNKIN PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Charles Athle Nelson	director	11-F, BUILDING 12, SUNKING PLAZA, GAOJIAO ROAD, HANGZHOU, ZHEJIANG F4 311122
Min Zhang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Everett Xiaolin Wang	director	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Liu Yanming	director, 10 percent owner	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Lei Chen	officer: Chief Scientist	STE 906, TOWER W1. ORIENTAL PLAZA NO. 1, DONGCHENG DISTRICT BEIJING F4 100006
Greenland Asset Management Corp	10 percent owner	WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Hong Liang Lu	director	C/O UTSTARCOM INC., 1275 HARBOR BAY PARKWAY, ALAMEDA CA 94502
Cui Shan	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Tao Tang	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Jerry Zheng	officer: COO	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006