Kangji Medical Holdings (HKSE:09997) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is Kangji Medical Holdings Change In Inventory?

Kangji Medical Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$8 Mil. It means Kangji Medical Holdings's inventory declined by HK$8 Mil from Jun. 2023 to Dec. 2023 .

Kangji Medical Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$0 Mil. It means Kangji Medical Holdings's inventory declined by HK$0 Mil from Dec. 2022 to Dec. 2023 .

Kangji Medical Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$115 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kangji Medical Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 193.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kangji Medical Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.95.

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. Kangji Medical Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Kangji Medical Holdings Change In Inventory Historical Data

The historical data trend for Kangji Medical 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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Kangji Medical Holdings Change In Inventory Chart

Kangji Medical Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.26

-17.21

-20.74

-41.15

0.21

Kangji Medical Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial							-15.44	-32.11	-10.56	-8.04	8.25

Kangji Medical 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$0 Mil.

Kangji Medical Holdings (HKSE:09997) Change In Inventory Explanation

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

Kangji Medical 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
	=	119.1965	/	112.648	*	365 / 2
	=	193.11

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

Kangji Medical Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	112.648	/	119.1965
	=	0.95

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.

Kangji Medical Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	119.1965	/	571.427
	=	0.21

Kangji Medical Holdings Change In Inventory Related Terms

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Kangji Medical Holdings (HKSE:09997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Kangji Medical Holdings Ltd (HKSE:09997) » Definitions » Change In Inventory

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Traded in Other Exchanges

50J:Germany

Address

No. 1668 Chunjiang East Road, Tonglu Economic Development Zone, Zhejiang Province, Hangzhou, CHN

Website

https://www.kangjimedical.com

Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.

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