Howkingtech International Holding (HKSE:02440) Change In Inventory : HK$0.4 Mil (TTM As of Jun. 2023)

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What is Howkingtech International Holding Change In Inventory?

Howkingtech International Holding's change in inventory for the quarter that ended in Jun. 2023 was HK$2.7 Mil. It means Howkingtech International Holding's inventory declined by HK$2.7 Mil from Dec. 2022 to Jun. 2023 .

Howkingtech International Holding's change in inventory for the fiscal year that ended in Dec. 2022 was HK$-3.5 Mil. It means Howkingtech International Holding's inventory increased by HK$3.5 Mil from Dec. 2021 to Dec. 2022 .

Howkingtech International Holding's Total Inventories for the quarter that ended in Jun. 2023 was HK$3.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Howkingtech International Holding's Days Inventory for the quarter that ended in Jun. 2023 was 5.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Howkingtech International Holding's Inventory Turnover for the quarter that ended in Jun. 2023 was 33.72.

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. Howkingtech International Holding's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Howkingtech International Holding Change In Inventory Historical Data

The historical data trend for Howkingtech International Holding'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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Howkingtech International Holding Change In Inventory Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

1.06

-1.19

0.69

-3.48

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-	-1.22	-2.32	2.72	-

Howkingtech International Holding 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0.4 Mil.

Howkingtech International Holding (HKSE:02440) Change In Inventory Explanation

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

Howkingtech International Holding's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4.85	/	163.565	*	365 / 2
	=	5.41

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

Howkingtech International Holding's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	163.565	/	4.85
	=	33.72

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.

Howkingtech International Holding's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.85	/	193.319
	=	0.03

Howkingtech International Holding Change In Inventory Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

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