China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Change In Inventory : ¥0 Mil (TTM As of Dec. 2023)

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What is China Northern Rare Earth (Group) High-Tech Co Change In Inventory?

China Northern Rare Earth (Group) High-Tech Co's change in inventory for the quarter that ended in Dec. 2023 was ¥0 Mil. It means China Northern Rare Earth (Group) High-Tech Co's inventory stayed the same from Sep. 2023 to Dec. 2023 .

China Northern Rare Earth (Group) High-Tech Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-645 Mil. It means China Northern Rare Earth (Group) High-Tech Co's inventory increased by ¥645 Mil from Dec. 2022 to Dec. 2023 .

China Northern Rare Earth (Group) High-Tech Co's Total Inventories for the quarter that ended in Dec. 2023 was ¥14,826 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Northern Rare Earth (Group) High-Tech Co's Days Inventory for the quarter that ended in Dec. 2023 was 196.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Northern Rare Earth (Group) High-Tech Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

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. China Northern Rare Earth (Group) High-Tech Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.70.

China Northern Rare Earth (Group) High-Tech Co Change In Inventory Historical Data

The historical data trend for China Northern Rare Earth (Group) High-Tech Co'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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China Northern Rare Earth (Group) High-Tech Co Change In Inventory Chart

China Northern Rare Earth (Group) High-Tech Co Annual Data

Trend

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Dec22

Dec23

Change In Inventory

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207.22

414.67

-1,096.94

-4,929.37

-645.23

China Northern Rare Earth (Group) High-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

China Northern Rare Earth (Group) High-Tech Co 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 quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Change In Inventory Explanation

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

China Northern Rare Earth (Group) High-Tech Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	14582.905	/	6778.416	*	365 / 4
	=	196.31

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

China Northern Rare Earth (Group) High-Tech Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6778.416	/	14582.905
	=	0.46

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.

China Northern Rare Earth (Group) High-Tech Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14582.905	/	8573.859
	=	1.70

China Northern Rare Earth (Group) High-Tech Co Change In Inventory Related Terms

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China Northern Rare Earth (Group) High-Tech Co (SHSE:600111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Northern Rare Earth (Group) High-Tech Co Ltd (SHSE:600111) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 83 Huanghe Street, Baotou Rare Earth Hi-tech Industrial Development Zone, Inner Mongolia Autonomous Region, Baotou, CHN, 014030

Website

http://www.reht.com

China Northern Rare Earth (Group) High-Tech Co Ltd is a China-based company operating in a non-ferrous metal smelting and rolling processing industry. It refines and sells rare earth minerals and resources.

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