Shenzhen VMAX New Energy Group Co (SHSE:688612) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Shenzhen VMAX New Energy Group Co Change In Inventory?

Shenzhen VMAX New Energy Group Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Shenzhen VMAX New Energy Group Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Shenzhen VMAX New Energy Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-174 Mil. It means Shenzhen VMAX New Energy Group Co's inventory increased by ¥174 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen VMAX New Energy Group Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥1,066 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen VMAX New Energy Group Co's Days Inventory for the quarter that ended in Sep. 2024 was 72.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen VMAX New Energy Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.26.

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 VMAX New Energy Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.65.

Shenzhen VMAX New Energy Group Co Change In Inventory Historical Data

The historical data trend for Shenzhen VMAX New Energy Group 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 VMAX New Energy Group Co Change In Inventory Chart

Shenzhen VMAX New Energy Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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6.21

-62.55

-343.47

-497.11

-173.87

Shenzhen VMAX New Energy Group Co Quarterly Data
	Dec16	Dec17	Dec18	Mar19	Sep19	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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Shenzhen VMAX New Energy Group 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Shenzhen VMAX New Energy Group Co (SHSE:688612) Change In Inventory Explanation

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

Shenzhen VMAX New Energy Group 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
	=	1030.826	/	1301.587	*	365 / 4
	=	72.27

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

Shenzhen VMAX New Energy Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1301.587	/	1030.826
	=	1.26

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 VMAX New Energy Group Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1030.826	/	1588.929
	=	0.65

Shenzhen VMAX New Energy Group Co Change In Inventory Related Terms

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Shenzhen VMAX New Energy Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shenzhen VMAX New Energy Group Co Ltd (SHSE:688612) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Fifth Industrial Zone, Beihuan Road, One of 501, Fengyun Technology Building, Nanshan, Guangdong, Shenzhen, CHN, 518000

Website

http://www.vmaxpower.com.cn

Shenzhen VMAX New Energy Group Co Ltd is engaged in Research and development, production, sales and technical services of power electronic products related to new energy vehicles. VMAX works with many automobile manufacturers to provide customers with high-quality automotive power domain products and efficient solutions, including but not limited to OBCs, DCDCs, inverters, gearboxes, Electric Vehicle Communication Controller (EVCC), Wireless Electric Vehicle Charging (WEVC) and so on.

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