LICN (Lichen China) Change In Inventory : $0.00 Mil (TTM As of Jun. 2024)

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What is Lichen China Change In Inventory?

Lichen China's change in inventory for the quarter that ended in Jun. 2024 was $0.00 Mil. It means Lichen China's inventory stayed the same from Dec. 2023 to Jun. 2024 .

Lichen China's change in inventory for the fiscal year that ended in Dec. 2023 was $0.04 Mil. It means Lichen China's inventory declined by $0.04 Mil from Dec. 2022 to Dec. 2023 .

Lichen China's Total Inventories for the quarter that ended in Jun. 2024 was $0.05 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lichen China's Days Inventory for the quarter that ended in Jun. 2024 was 1.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lichen China's Inventory Turnover for the quarter that ended in Jun. 2024 was 101.15.

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. Lichen China's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Lichen China Change In Inventory Historical Data

The historical data trend for Lichen China'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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Lichen China Change In Inventory Chart

Lichen China Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.01

-0.13

0.01

0.04

Lichen China Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial			-0.05	0.06	-	-	-

Lichen China 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Lichen China (NAS:LICN) Change In Inventory Explanation

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

Lichen China's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.0705	/	7.131	*	365 / 2
	=	1.80

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

Lichen China's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.131	/	0.0705
	=	101.15

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.

Lichen China's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0705	/	18.096
	=	0.00

Lichen China Change In Inventory Related Terms

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Lichen China Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang Square, Hubin North Road, 15th Floor, Siming District, Fujian Province, Xiamen, CHN, 361013

Website

https://www.lichenzx.com

Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.