Shanghai Suochen Information Technology Co (SHSE:688507) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shanghai Suochen Information Technology Co Change In Inventory?

Shanghai Suochen Information Technology Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shanghai Suochen Information Technology Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai Suochen Information Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥6.5 Mil. It means Shanghai Suochen Information Technology Co's inventory declined by ¥6.5 Mil from Dec. 2022 to Dec. 2023 .

Shanghai Suochen Information Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥4.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Suochen Information Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 38.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Suochen Information Technology 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 Suochen Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Shanghai Suochen Information Technology Co Change In Inventory Historical Data

The historical data trend for Shanghai Suochen Information 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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Shanghai Suochen Information Technology Co Change In Inventory Chart

Shanghai Suochen Information Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.56

-33.97

33.71

-0.67

6.54

Shanghai Suochen Information Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Shanghai Suochen Information 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 ¥0.0 Mil.

Shanghai Suochen Information Technology Co (SHSE:688507) Change In Inventory Explanation

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

Shanghai Suochen Information 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
	=	7.48	/	17.921	*	365 / 4
	=	38.09

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

Shanghai Suochen Information 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
	=	17.921	/	7.48
	=	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 Suochen Information Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.48	/	31.864
	=	0.23

Shanghai Suochen Information Technology Co Change In Inventory Related Terms

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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Industry

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Traded in Other Exchanges

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Address

No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206

Website

http://www.demxs.com

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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