Zhejiang Damon Technology Co (SHSE:688360) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Damon Technology Co Change In Inventory?

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

Zhejiang Damon Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥99 Mil. It means Zhejiang Damon Technology Co's inventory declined by ¥99 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Damon Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥340 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Damon Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 144.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Damon Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.

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 Damon Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.10.

Zhejiang Damon Technology Co Change In Inventory Historical Data

The historical data trend for Zhejiang Damon 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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Zhejiang Damon Technology Co Change In Inventory Chart

Zhejiang Damon Technology Co Annual Data

Trend

Dec13

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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47.36

-392.69

-73.91

224.32

99.42

Zhejiang Damon 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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Zhejiang Damon 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.

Zhejiang Damon Technology Co (SHSE:688360) Change In Inventory Explanation

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

Zhejiang Damon 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
	=	308.365	/	194.594	*	365 / 4
	=	144.60

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

Zhejiang Damon 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
	=	194.594	/	308.365
	=	0.63

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	308.365	/	279.56
	=	1.10

Zhejiang Damon Technology Co Change In Inventory Related Terms

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Zhejiang Damon Technology Co (SHSE:688360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Damon Technology Co Ltd (SHSE:688360) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shangqiang Industrial Zone, Zhejiang Province, Daixi Town, Huzhou, CHN, 313023

Website

http://www.damon-group.com

Zhejiang Damon Technology Co Ltd is a providers of intelligent logistics system solutions and key equipment in China. The company's business is divided into four divisions namely Dynamic storage division; Damon Australia division; Conveying sorting division; and Logistics components division. Its intelligent logistics equipment is widely used in intelligent manufacturing, e-commerce, express logistics, clothing, medicine, tobacco, new retail and other fields.

Executives

Wang Kai	Director
Zhuo Xu	Directors, senior managers
Guo Ai Hua	Directors, senior managers
Wu Zhong Hua	senior management

Zhejiang Damon Technology Co (SHSE:688360) Headlines

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