Zhejiang Rongtai Electric Material Co (SHSE:603119) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Zhejiang Rongtai Electric Material Co Change In Inventory?

Zhejiang Rongtai Electric Material Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Zhejiang Rongtai Electric Material Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Zhejiang Rongtai Electric Material Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-16 Mil. It means Zhejiang Rongtai Electric Material Co's inventory increased by ¥16 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Rongtai Electric Material Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥252 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Rongtai Electric Material Co's Days Inventory for the quarter that ended in Sep. 2024 was 111.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Rongtai Electric Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.82.

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. Zhejiang Rongtai Electric Material Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.77.

Zhejiang Rongtai Electric Material Co Change In Inventory Historical Data

The historical data trend for Zhejiang Rongtai Electric Material 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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Zhejiang Rongtai Electric Material Co Change In Inventory Chart

Zhejiang Rongtai Electric Material Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-16.60

-31.83

-44.69

-54.59

-16.02

Zhejiang Rongtai Electric Material Co Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Zhejiang Rongtai Electric Material 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Zhejiang Rongtai Electric Material Co (SHSE:603119) Change In Inventory Explanation

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

Zhejiang Rongtai Electric Material 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
	=	238.3125	/	195.37	*	365 / 4
	=	111.31

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

Zhejiang Rongtai Electric Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	195.37	/	238.3125
	=	0.82

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.

Zhejiang Rongtai Electric Material Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	238.3125	/	310.951
	=	0.77

Zhejiang Rongtai Electric Material Co Change In Inventory Related Terms

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Zhejiang Rongtai Electric Material Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Zhongxing Road, Fengqiao Town, Nanhu, Zhejiang, Jiaxing, CHN, 314007

Website

https://www.glorymica.com

Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.

Executives

Zheng Min Min	Director
Ge Tai Rong	Director
Cao Mei Sheng	Director
Jing Fei	Director

Zhejiang Rongtai Electric Material Co Headlines

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