Shandong Linglong Tyre Co (SHSE:601966) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Linglong Tyre Co Change In Inventory?

Shandong Linglong Tyre Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shandong Linglong Tyre Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shandong Linglong Tyre Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-642 Mil. It means Shandong Linglong Tyre Co's inventory increased by ¥642 Mil from Dec. 2022 to Dec. 2023 .

Shandong Linglong Tyre Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥5,193 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Linglong Tyre Co's Days Inventory for the quarter that ended in Mar. 2024 was 117.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Linglong Tyre Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

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. Shandong Linglong Tyre Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

Shandong Linglong Tyre Co Change In Inventory Historical Data

The historical data trend for Shandong Linglong Tyre 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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Shandong Linglong Tyre Co Change In Inventory Chart

Shandong Linglong Tyre Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-484.34

-284.42

-1,949.83

-226.65

-641.51

Shandong Linglong Tyre Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Shandong Linglong Tyre 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Shandong Linglong Tyre Co (SHSE:601966) Change In Inventory Explanation

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

Shandong Linglong Tyre 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
	=	4968.175	/	3863.005	*	365 / 4
	=	117.36

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

Shandong Linglong Tyre Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3863.005	/	4968.175
	=	0.78

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.

Shandong Linglong Tyre Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4968.175	/	5044.862
	=	0.98

Shandong Linglong Tyre Co Change In Inventory Related Terms

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Shandong Linglong Tyre Co (SHSE:601966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Linglong Tyre Co Ltd (SHSE:601966) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406

Website

http://www.linglong.cn

Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Executives

Yang Ke Feng	Director
Lv Xiao Yan	senior management
Sun Song Tao	senior management
Feng Bao Chun	senior management

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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