Canaan (MEX:CAN) Change In Inventory : MXN0 Mil (TTM As of Sep. 2024)

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What is Canaan Change In Inventory?

Canaan's change in inventory for the quarter that ended in Sep. 2024 was MXN0 Mil. It means Canaan's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Canaan's change in inventory for the fiscal year that ended in Dec. 2023 was MXN-2,099 Mil. It means Canaan's inventory increased by MXN2,099 Mil from Dec. 2022 to Dec. 2023 .

Canaan's Total Inventories for the quarter that ended in Sep. 2024 was MXN1,729 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Canaan's Days Inventory for the quarter that ended in Sep. 2024 was 100.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canaan's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.91.

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. Canaan's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.43.

Canaan Change In Inventory Historical Data

The historical data trend for Canaan'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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Canaan Change In Inventory Chart

Canaan Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-424.07

-285.47

-2,382.76

-4,526.29

-2,099.36

Canaan Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Canaan 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN0 Mil.

Canaan (MEX:CAN) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2067.1115	/	1872.922	*	365 / 4
	=	100.71

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

Canaan's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1872.922	/	2067.1115
	=	0.91

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.

Canaan's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2067.1115	/	1449.364
	=	1.43

Canaan Change In Inventory Related Terms

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Canaan Business Description

Industry

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CAN:USA 35J:Germany

Address

28 Ayer Rajah Crescent No. 06-08, Singapore, SGP, S139959

Website

https://www.canaan-creative.com

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts.