HIGR (Hi-Great Group Holding Co) Change In Inventory : $0.02 Mil (TTM As of Jun. 2024)

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What is Hi-Great Group Holding Co Change In Inventory?

Hi-Great Group Holding Co's change in inventory for the quarter that ended in Jun. 2024 was $0.00 Mil. It means Hi-Great Group Holding Co's inventory declined by $0.00 Mil from Mar. 2024 to Jun. 2024 .

Hi-Great Group Holding Co's change in inventory for the fiscal year that ended in Dec. 2023 was $0.03 Mil. It means Hi-Great Group Holding Co's inventory declined by $0.03 Mil from Dec. 2022 to Dec. 2023 .

Hi-Great Group Holding Co's Total Inventories for the quarter that ended in Jun. 2024 was $0.05 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hi-Great Group Holding Co's Days Inventory for the quarter that ended in Jun. 2024 was 558.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hi-Great Group Holding Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.16.

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. Hi-Great Group Holding Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 3.27.

Hi-Great Group Holding Co Change In Inventory Historical Data

The historical data trend for Hi-Great Group Holding 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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Hi-Great Group Holding Co Change In Inventory Chart

Hi-Great Group Holding Co Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-0.01

-0.02

0.03

Hi-Great Group Holding Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial						0.01	0.01	-	-	-

Hi-Great Group Holding 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 quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

Hi-Great Group Holding Co (OTCPK:HIGR) Change In Inventory Explanation

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

Hi-Great Group Holding 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
	=	0.049	/	0.008	*	365 / 4
	=	558.91

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

Hi-Great Group Holding Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.008	/	0.049
	=	0.16

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.

Hi-Great Group Holding Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.049	/	0.015
	=	3.27

Hi-Great Group Holding Co Change In Inventory Related Terms

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Hi-Great Group Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hi-Great Group Holding Co (OTCPK:HIGR) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

621 South Virgil Avenue, Suite 460, Los Angeles, CA, USA, 90005

Website

http://www.asia-great.com

Hi-Great Group Holding Co is engaged in the distribution of plant-based finished consumer products and the sale of herbal supplements and compounds. The company integrates the use of specialty herbs into its health supplement business to include expansion into the cosmetics sector using multiple herbal oils and compounds. The Company is also involved in Agritourism and sells herbal supplements.

Hi-Great Group Holding Co Headlines

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