Sobute New Materials Co (SHSE:603916) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Sobute New Materials Co Change In Inventory?

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

Sobute New Materials Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥6 Mil. It means Sobute New Materials Co's inventory declined by ¥6 Mil from Dec. 2022 to Dec. 2023 .

Sobute New Materials Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥535 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sobute New Materials Co's Days Inventory for the quarter that ended in Mar. 2024 was 119.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sobute New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.

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. Sobute New Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Sobute New Materials Co Change In Inventory Historical Data

The historical data trend for Sobute New Materials 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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Sobute New Materials Co Change In Inventory Chart

Sobute New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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14.46

-100.19

-147.35

4.63

6.35

Sobute New Materials 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															-	-	-	-	-

Sobute New Materials 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.

Sobute New Materials Co (SHSE:603916) Change In Inventory Explanation

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

Sobute New Materials 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
	=	494.0975	/	375.865	*	365 / 4
	=	119.95

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

Sobute New Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	375.865	/	494.0975
	=	0.76

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.

Sobute New Materials Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	494.0975	/	578.605
	=	0.85

Sobute New Materials Co Change In Inventory Related Terms

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Sobute New Materials Co (SHSE:603916) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Sobute New Materials Co Ltd (SHSE:603916) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Chun Street Liquan Road 118, Jiangning District, Nanjing, CHN, 211100

Website

http://www.sobute.com

Sobute New Materials Co Ltd is a civil engineering material supplier. It is engaged in the research and development, production and sales of concrete admixtures. The company's products include Cement and concrete admixtures; Grouting material; Road construction material; and Building fiber.

Executives

Mou Chang Wen	Director
Hong Jin Xiang	senior management
Mao Liang Xi	Directors, senior managers
Xu Yue	senior management
Zhang Yong	senior management
Zhang Yue Xing	Supervisors
Zhang Jian Xiong	Director
Liu Jia Ping	Director
Chen Jian Hua	Director

Sobute New Materials Co (SHSE:603916) Headlines

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