Longwen Group (Longwen Group) Change In Inventory : $-0.00 Mil (TTM As of Mar. 2024)

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What is Longwen Group Change In Inventory?

Longwen Group's change in inventory for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means Longwen Group's inventory increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Longwen Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.04 Mil. It means Longwen Group's inventory increased by $0.04 Mil from Dec. 2022 to Dec. 2023 .

Longwen Group's Total Inventories for the quarter that ended in Mar. 2024 was $0.04 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Longwen Group's Days Inventory for the quarter that ended in Mar. 2024 was 132.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Longwen Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

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. Longwen Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Longwen Group Change In Inventory Historical Data

The historical data trend for Longwen Group'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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Longwen Group Change In Inventory Chart

Longwen Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Dec23

Change In Inventory

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-0.04

Longwen Group Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.04	-	-	-	-0.01

Longwen Group 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.00 Mil.

Longwen Group (OTCPK:LWLW) Change In Inventory Explanation

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

Longwen Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.042	/	0.029	*	365 / 4
	=	132.16

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

Longwen Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.029	/	0.042
	=	0.69

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.

Longwen Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.042	/	0.04
	=	1.05

Longwen Group Change In Inventory Related Terms

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Longwen Group (Longwen Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Longwen Group Corp (OTCPK:LWLW) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

Room 219, No. 25, Caihe Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310002

Website

http://www.wallong.cn

Longwen Group Corp is engaged in project development and management and to provide consulting services in cultural fields, including antique project promotion and development, traditional magazine project cooperation and development, the marketing and development of audio and visual products, etc.

Executives

Douglas P Martin

10 percent owner

26 KING ST, ST PACOME, QUEBEC CANADA A1 9999999999

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