Comtec Solar Systems Group (HKSE:00712) Change In Inventory : HK$1.6 Mil (TTM As of Dec. 2023)

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What is Comtec Solar Systems Group Change In Inventory?

Comtec Solar Systems Group's change in inventory for the quarter that ended in Dec. 2023 was HK$2.7 Mil. It means Comtec Solar Systems Group's inventory declined by HK$2.7 Mil from Jun. 2023 to Dec. 2023 .

Comtec Solar Systems Group's change in inventory for the fiscal year that ended in Dec. 2023 was HK$1.6 Mil. It means Comtec Solar Systems Group's inventory declined by HK$1.6 Mil from Dec. 2022 to Dec. 2023 .

Comtec Solar Systems Group's Total Inventories for the quarter that ended in Dec. 2023 was HK$1.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comtec Solar Systems Group's Days Inventory for the quarter that ended in Dec. 2023 was 4.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comtec Solar Systems Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 40.42.

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. Comtec Solar Systems Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Comtec Solar Systems Group Change In Inventory Historical Data

The historical data trend for Comtec Solar Systems Group'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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Comtec Solar Systems Group Change In Inventory Chart

Comtec Solar Systems Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.10

6.16

14.86

0.09

1.64

Comtec Solar Systems Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															17.04	1.94	-1.76	-1.03	2.67

Comtec Solar Systems Group 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 semi-annually data reported by the company within the most recent 12 months, which was HK$1.6 Mil.

Comtec Solar Systems Group (HKSE:00712) Change In Inventory Explanation

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

Comtec Solar Systems Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.071	/	124.128	*	365 / 2
	=	4.52

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

Comtec Solar Systems Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	124.128	/	3.071
	=	40.42

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.

Comtec Solar Systems Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.071	/	141.333
	=	0.02

Comtec Solar Systems Group Change In Inventory Related Terms

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Comtec Solar Systems Group (HKSE:00712) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

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Lau Tak Kei Arthur	2201 Interest of corporation controlled by you
Ng Chi Keung Kenneth	2201 Interest of corporation controlled by you

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