Precious Dragon Technology Holdings (HKSE:01861) Change In Inventory : HK$5.2 Mil (TTM As of Dec. 2023)

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What is Precious Dragon Technology Holdings Change In Inventory?

Precious Dragon Technology Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$5.1 Mil. It means Precious Dragon Technology Holdings's inventory declined by HK$5.1 Mil from Jun. 2023 to Dec. 2023 .

Precious Dragon Technology Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$5.2 Mil. It means Precious Dragon Technology Holdings's inventory declined by HK$5.2 Mil from Dec. 2022 to Dec. 2023 .

Precious Dragon Technology Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$43.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precious Dragon Technology Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 41.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. Precious Dragon Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.38.

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. Precious Dragon Technology Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Precious Dragon Technology Holdings Change In Inventory Historical Data

The historical data trend for Precious Dragon Technology Holdings'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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Precious Dragon Technology Holdings Change In Inventory Chart

Precious Dragon Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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6.26

-9.18

-1.67

-0.63

5.16

Precious Dragon Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial									5.11	7.39	-8.02	0.02	5.14

Precious Dragon Technology Holdings 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$5.2 Mil.

Precious Dragon Technology Holdings (HKSE:01861) Change In Inventory Explanation

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

Precious Dragon Technology Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	45.869	/	200.855	*	365 / 2
	=	41.68

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

Precious Dragon Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	200.855	/	45.869
	=	4.38

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.

Precious Dragon Technology Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.869	/	290.984
	=	0.16

Precious Dragon Technology Holdings Change In Inventory Related Terms

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Precious Dragon Technology Holdings (HKSE:01861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Precious Dragon Technology Holdings Ltd (HKSE:01861) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 628, Jufeng North Road, Aotou Town, Conghua District, Guangdong Province, Guangzhou, CHN

Website

https://www.botny.com

Precious Dragon Technology Holdings Ltd is an investment holding company. The company operates in the segments of Automotive beauty and maintenance products; and Personal care products. The majority of its revenue comes from the Automotive segment, which includes products such as auto cleaning and maintenance products (auto interior decoration cleaning products, tire and wheel cleaning, and care products), paint and coating (chrome aerosol spray), winter and summer specials (refrigerant and cold cranking agent), and air-fresheners. The company products are in the form of both aerosol and non-aerosol products. Some of its brands are ATM, NISSEI, PARLUX, PISCIS, and ETOMAN. Its geographical segments are Mainland China, Japan, Asia, the Middle East, America, and Others.

Executives

Ko Sau Mee
Lin Wan Tsang
Wellmass International Limited	2101 Beneficial owner

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