Shanghai Ace Investment & Development Co (SHSE:603329) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shanghai Ace Investment & Development Co Change In Inventory?

Shanghai Ace Investment & Development Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shanghai Ace Investment & Development Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai Ace Investment & Development Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-84 Mil. It means Shanghai Ace Investment & Development Co's inventory increased by ¥84 Mil from Dec. 2022 to Dec. 2023 .

Shanghai Ace Investment & Development Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥214 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Ace Investment & Development Co's Days Inventory for the quarter that ended in Mar. 2024 was 38.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Ace Investment & Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.40.

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. Shanghai Ace Investment & Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Shanghai Ace Investment & Development Co Change In Inventory Historical Data

The historical data trend for Shanghai Ace Investment & Development 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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Shanghai Ace Investment & Development Co Change In Inventory Chart

Shanghai Ace Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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69.03

23.61

-119.00

-15.41

-84.44

Shanghai Ace Investment & Development 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															-	-	-	-	-

Shanghai Ace Investment & Development 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.

Shanghai Ace Investment & Development Co (SHSE:603329) Change In Inventory Explanation

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

Shanghai Ace Investment & Development 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
	=	190.5635	/	457.351	*	365 / 4
	=	38.02

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

Shanghai Ace Investment & Development Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	457.351	/	190.5635
	=	2.40

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.

Shanghai Ace Investment & Development Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	190.5635	/	508.441
	=	0.37

Shanghai Ace Investment & Development Co Change In Inventory Related Terms

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Shanghai Ace Investment & Development Co (SHSE:603329) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120

Website

http://www.aceonline.cn

Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

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