SNI (Shenni Holdings) Change In Inventory: $-0.65 Mil (TTM As of Sep. 2024)

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What is Shenni Holdings Change In Inventory?

Shenni Holdings SNI Change In Inventory is $-0.65 Mil as of Sep. 2024.

Shenni Holdings's change in inventory for the quarter that ended in Sep. 2024 was $-0.26 Mil. It means Shenni Holdings's inventory increased by $0.26 Mil from Mar. 2024 to Sep. 2024 .

Shenni Holdings's change in inventory for the fiscal year that ended in Mar. 2024 was $-0.50 Mil. It means Shenni Holdings's inventory increased by $0.50 Mil from Mar. 2023 to Mar. 2024 .

Shenni Holdings's Total Inventories for the quarter that ended in Sep. 2024 was $0.98 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenni Holdings's Days Inventory for the quarter that ended in Sep. 2024 was 28.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenni Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 6.52.

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. Shenni Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.07.


Shenni Holdings  (NAS:SNI) Change In Inventory Explanation

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

Shenni Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.8325/5.426*365 / 2
=28.00

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

Shenni Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

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.

Shenni Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

* 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.


Shenni Holdings Change In Inventory Related Terms


Shenni Holdings Change In Inventory Historical Data

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The historical data trend for Shenni Holdings'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.

Shenni Holdings Change In Inventory Chart

Shenni Holdings Annual Data
Trend Mar23 Mar24
Change In Inventory
-0.19 -0.50

Shenni Holdings Semi-Annual Data
Mar23 Sep23 Mar24 Sep24
Change In Inventory 0.00 -0.11 -0.39 -0.26

Shenni Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was $-0.65 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.65 Mil mean?
Shenni Holdings (SNI) has a Change In Inventory of $-0.65 Mil as of Sep. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Shenni Holdings and its competitors.
Is Shenni Holdings' Change In Inventory too high?
Shenni Holdings' current Change In Inventory is $-0.65 Mil.
How does Shenni Holdings' Change In Inventory compare to ?
Shenni Holdings' Change In Inventory of $-0.65 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Medical Devices & Instruments company?
A good Change In Inventory depends on the Medical Devices & Instruments industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Shenni Holdings and its competitors. Shenni Holdings's current Change In Inventory is $-0.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenni Holdings stock overvalued right now?
Shenni Holdings (SNI) has a current Change In Inventory of $-0.65 Mil. The current Change In Inventory is $-0.65 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Shenni Holdings (SNI), the current Change In Inventory is $-0.65 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shenni Holdings Business Description

Comparable Companies
Address Biopharmaceutical Industry Park, South Bridge Yongfeng County, Jiangxi Province, Jian, CHN, 331500
Shenni Holdings Ltd is a holding company. Through its operating subsidiaries in China, it is engaged in the business of the manufacture and distribution of urology medical devices and care products as well as the distribution of cardiovascular and cerebrovascular medical devices. Its products include Guide Wire, Catheter Sheath, and PTA Balloon Catheter. The company derives its revenue from three sources: (i) sales and distribution of urology medical devices (ii) sales and distribution of urology care products, and (iii) sales and distribution of cardiovascular and cerebrovascular medical devices.