Freetech Road Recycling Technology (Holdings) (HKSE:06888) Change In Inventory : HK$4.1 Mil (TTM As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Change In Inventory?

Freetech Road Recycling Technology (Holdings)'s change in inventory for the quarter that ended in Dec. 2023 was HK$16.0 Mil. It means Freetech Road Recycling Technology (Holdings)'s inventory declined by HK$16.0 Mil from Jun. 2023 to Dec. 2023 .

Freetech Road Recycling Technology (Holdings)'s change in inventory for the fiscal year that ended in Dec. 2023 was HK$4.1 Mil. It means Freetech Road Recycling Technology (Holdings)'s inventory declined by HK$4.1 Mil from Dec. 2022 to Dec. 2023 .

Freetech Road Recycling Technology (Holdings)'s Total Inventories for the quarter that ended in Dec. 2023 was HK$177.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Freetech Road Recycling Technology (Holdings)'s Days Inventory for the quarter that ended in Dec. 2023 was 114.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Freetech Road Recycling Technology (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.59.

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. Freetech Road Recycling Technology (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Freetech Road Recycling Technology (Holdings) Change In Inventory Historical Data

The historical data trend for Freetech Road Recycling 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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Freetech Road Recycling Technology (Holdings) Change In Inventory Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.50

-6.91

12.91

-9.08

4.14

Freetech Road Recycling Technology (Holdings) 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															14.80	-35.31	26.24	-11.87	16.01

Freetech Road Recycling 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$4.1 Mil.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Change In Inventory Explanation

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

Freetech Road Recycling 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
	=	183.333	/	291.295	*	365 / 2
	=	114.86

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

Freetech Road Recycling 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
	=	291.295	/	183.333
	=	1.59

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.

Freetech Road Recycling Technology (Holdings)'s Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.333	/	379.06
	=	0.48

Freetech Road Recycling Technology (Holdings) Change In Inventory Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

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