NOEC (New Oriental Energy & Chemical) Change In Inventory: $2.63 Mil (TTM As of Dec. 2010)

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What is New Oriental Energy & Chemical Change In Inventory?

New Oriental Energy & Chemical NOEC -99.00% Change In Inventory is $2.63 Mil as of Dec. 2010.

New Oriental Energy & Chemical's change in inventory for the quarter that ended in Dec. 2010 was $0.27 Mil. It means New Oriental Energy & Chemical's inventory declined by $0.27 Mil from Sep. 2010 to Dec. 2010 .

New Oriental Energy & Chemical's change in inventory for the fiscal year that ended in Mar. 2010 was $-7.03 Mil. It means New Oriental Energy & Chemical's inventory increased by $7.03 Mil from Mar. 2009 to Mar. 2010 .

New Oriental Energy & Chemical's Total Inventories for the quarter that ended in Dec. 2010 was $1.51 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Oriental Energy & Chemical's Days Inventory for the quarter that ended in Dec. 2010 was 77.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Oriental Energy & Chemical's Inventory Turnover for the quarter that ended in Dec. 2010 was 1.17.

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. New Oriental Energy & Chemical's Inventory-to-Revenue for the quarter that ended in Dec. 2010 was 1.73.

New Oriental Energy & Chemical  (OTCPK:NOEC) Change In Inventory Explanation

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

New Oriental Energy & Chemical's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1.63/1.912*365 / 4
=77.79

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

New Oriental Energy & Chemical's Inventory Turnover for the quarter that ended in Dec. 2010 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1.912 / 1.63
=1.17

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.

New Oriental Energy & Chemical's Inventory to Revenue for the quarter that ended in Dec. 2010 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1.63 / 0.944
=1.73

* 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.

New Oriental Energy & Chemical Change In Inventory Related Terms

New Oriental Energy & Chemical Change In Inventory Historical Data

* Premium members only.

The historical data trend for New Oriental Energy & Chemical'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.

New Oriental Energy & Chemical Change In Inventory Chart

New Oriental Energy & Chemical Annual Data
Trend Dec05 Mar07 Mar08 Mar09 Mar10
Change In Inventory
0.00 -2.71 1.62 0.16 -7.03

New Oriental Energy & Chemical Quarterly Data
Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.95 -3.58 4.57 1.38 0.27

New Oriental Energy & Chemical 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. 2010 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.63 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $2.63 Mil mean?
New Oriental Energy & Chemical (NOEC) has a Change In Inventory of $2.63 Mil as of Dec. 2010. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for New Oriental Energy & Chemical and its competitors.
Is New Oriental Energy & Chemical's Change In Inventory too high?
New Oriental Energy & Chemical's current Change In Inventory is $2.63 Mil.
How does New Oriental Energy & Chemical's Change In Inventory compare to RTKHQ and LBTD?
New Oriental Energy & Chemical's Change In Inventory of $2.63 Mil can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for an Agriculture company?
A good Change In Inventory depends on the Agriculture industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for New Oriental Energy & Chemical and its competitors. New Oriental Energy & Chemical's current Change In Inventory is $2.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Oriental Energy & Chemical stock overvalued right now?
New Oriental Energy & Chemical (NOEC) has a current Change In Inventory of $2.63 Mil. The current Change In Inventory is $2.63 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For New Oriental Energy & Chemical (NOEC), the current Change In Inventory is $2.63 Mil as of Dec. 2010. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Oriental Energy & Chemical Business Description

Address Xicheng Industrial Zone of Luoshan, Xinyang, Henan Province, CHN, 464200
New Oriental Energy & Chemical Corporation, through its subsidiary, is engaged in the manufacture and distribution of fertilizer and chemical products in the People's Republic of China.