Shandong Molong Petroleum Machinery Co (HKSE:00568) Change In Inventory : HK$0.0 Mil (TTM As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Change In Inventory?

Shandong Molong Petroleum Machinery Co's change in inventory for the quarter that ended in Dec. 2023 was HK$0.0 Mil. It means Shandong Molong Petroleum Machinery Co's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Shandong Molong Petroleum Machinery Co's change in inventory for the fiscal year that ended in Dec. 2023 was HK$220.7 Mil. It means Shandong Molong Petroleum Machinery Co's inventory declined by HK$220.7 Mil from Dec. 2022 to Dec. 2023 .

Shandong Molong Petroleum Machinery Co's Total Inventories for the quarter that ended in Dec. 2023 was HK$497.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Molong Petroleum Machinery Co's Days Inventory for the quarter that ended in Dec. 2023 was 154.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Molong Petroleum Machinery Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.59.

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. Shandong Molong Petroleum Machinery Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.53.

Shandong Molong Petroleum Machinery Co Change In Inventory Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Change In Inventory Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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104.60

171.05

66.56

31.36

220.69

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Shandong Molong Petroleum Machinery 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0.0 Mil.

Shandong Molong Petroleum Machinery Co (HKSE:00568) Change In Inventory Explanation

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

Shandong Molong Petroleum Machinery 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
	=	528.8135	/	313.315	*	365 / 4
	=	154.01

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

Shandong Molong Petroleum Machinery Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	313.315	/	528.8135
	=	0.59

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.

Shandong Molong Petroleum Machinery Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	528.8135	/	344.948
	=	1.53

Shandong Molong Petroleum Machinery Co Change In Inventory Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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