First Tractor Co (HKSE:00038) Change In Inventory : HK$0 Mil (TTM As of Mar. 2024)

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What is First Tractor Co Change In Inventory?

First Tractor Co's change in inventory for the quarter that ended in Mar. 2024 was HK$0 Mil. It means First Tractor Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

First Tractor Co's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-365 Mil. It means First Tractor Co's inventory increased by HK$365 Mil from Dec. 2022 to Dec. 2023 .

First Tractor Co's Total Inventories for the quarter that ended in Mar. 2024 was HK$1,550 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Tractor Co's Days Inventory for the quarter that ended in Mar. 2024 was 34.98.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Tractor Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.61.

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. First Tractor Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

First Tractor Co Change In Inventory Historical Data

The historical data trend for First Tractor 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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First Tractor Co Change In Inventory Chart

First Tractor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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498.84

-482.85

-371.47

523.19

-364.51

First Tractor Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

First Tractor 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 HK$0 Mil.

First Tractor Co (HKSE:00038) Change In Inventory Explanation

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

First Tractor 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
	=	1603.037	/	4182.001	*	365 / 4
	=	34.98

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

First Tractor Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4182.001	/	1603.037
	=	2.61

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.

First Tractor Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1603.037	/	5057.694
	=	0.32

First Tractor Co Change In Inventory Related Terms

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First Tractor Co (HKSE:00038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » First Tractor Co Ltd (HKSE:00038) » Definitions » Change In Inventory

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Traded in Other Exchanges

FIRRF:USA 601038:China

Address

No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004

Website

http://www.first-tractor.com.cn

First Tractor Co Ltd is a Chinese company engaged in the agricultural machinery manufacturing industry. Its business scope mainly includes manufacturing and selling agricultural machinery, diesel engines and fuel injections, other machinery, and an operating business of a finance company. It has four reporting divisions. The Agricultural Machinery division, which is the key revenue driver, is responsible for the production and sale of agricultural tractors, harvesters, and others. The power machinery division is mainly responsible for producing and selling diesel engines. The financial business is to handle the member units between the entrusted loans and investment, internal transfer settlement, absorption of member units deposits, and other business.

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