Shenzhen Neoway Technology Co (SHSE:688159) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shenzhen Neoway Technology Co Change In Inventory?

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

Shenzhen Neoway Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-185 Mil. It means Shenzhen Neoway Technology Co's inventory increased by ¥185 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen Neoway Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥381 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Neoway Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 46.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Neoway Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.97.

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. Shenzhen Neoway Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Shenzhen Neoway Technology Co Change In Inventory Historical Data

The historical data trend for Shenzhen Neoway Technology 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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Shenzhen Neoway Technology Co Change In Inventory Chart

Shenzhen Neoway Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-99.72

-42.91

0.66

14.75

-185.07

Shenzhen Neoway Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Shenzhen Neoway Technology 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.

Shenzhen Neoway Technology Co (SHSE:688159) Change In Inventory Explanation

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

Shenzhen Neoway Technology 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
	=	380.341	/	750.329	*	365 / 4
	=	46.25

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

Shenzhen Neoway Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	750.329	/	380.341
	=	1.97

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.

Shenzhen Neoway Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	380.341	/	862.35
	=	0.44

Shenzhen Neoway Technology Co Change In Inventory Related Terms

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Shenzhen Neoway Technology Co (SHSE:688159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Neoway Technology Co Ltd (SHSE:688159) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Huarong Road, Dalang Street, 4th Floor, No. 2, Lianjian Industrial Park, Tongsheng Community, Longhua District, Guangdong, Shenzhen, CHN, 518109

Website

http://www.neoway.com

Shenzhen Neoway Technology Co Ltd is engaged in production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The company provides technical development and sales of electronic products; electronic communication products and communication modules; communication module software and related technical consulting.

Executives

Peng Yan	Core technical personnel
Lin Shen	Core technical personnel
Shang Jiang Feng	Core technical personnel
Xiao Yue Shang	Core technical personnel
He Jiang Qiang	Supervisors

Shenzhen Neoway Technology Co (SHSE:688159) Headlines

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