SORL Auto Parts (SORL Auto Parts) Change In Inventory : $-80.2 Mil (TTM As of Sep. 2019)

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What is SORL Auto Parts Change In Inventory?

SORL Auto Parts's change in inventory for the quarter that ended in Sep. 2019 was $-13.0 Mil. It means SORL Auto Parts's inventory increased by $13.0 Mil from Jun. 2019 to Sep. 2019 .

SORL Auto Parts's change in inventory for the fiscal year that ended in Dec. 2018 was $-97.8 Mil. It means SORL Auto Parts's inventory increased by $97.8 Mil from Dec. 2017 to Dec. 2018 .

SORL Auto Parts's Total Inventories for the quarter that ended in Sep. 2019 was $191.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SORL Auto Parts's Days Inventory for the quarter that ended in Sep. 2019 was 210.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. SORL Auto Parts's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.43.

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. SORL Auto Parts's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 1.67.

SORL Auto Parts Change In Inventory Historical Data

The historical data trend for SORL Auto Parts'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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SORL Auto Parts Change In Inventory Chart

SORL Auto Parts Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Inventory

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-5.84

5.10

3.28

-43.14

-97.81

SORL Auto Parts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Inventory	Get a 7-Day Free Trial															14.66	-87.82	20.64	0.02	-12.98

SORL Auto Parts 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-80.2 Mil.

SORL Auto Parts (NAS:SORL) Change In Inventory Explanation

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

SORL Auto Parts's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	187.349	/	81.294	*	365 / 4
	=	210.29

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

SORL Auto Parts's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	81.294	/	187.349
	=	0.43

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.

SORL Auto Parts's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	187.349	/	112.227
	=	1.67

SORL Auto Parts Change In Inventory Related Terms

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SORL Auto Parts (SORL Auto Parts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SORL Auto Parts Inc (NAS:SORL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO. 2666 KaiFaqu Avenue, Ruili Industry Area, Zhejiang Province, Ruian City, CHN, 325200

Website

http://www.sorl.cn

SORL Auto Parts Inc develops, manufactures and distributes automotive brake systems and other key safety-related auto parts to automotive original equipment manufacturers, and the related aftermarket both in China and internationally. The company is organized into two principal operating division: Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems. Its key products are air brake system, tubes and fittings, ABS and diagnosis, power steering pumps, electrical and railway parts, and new energy parts. The company's products are principally used in different types of commercial vehicles, such as trucks and buses. Most of the firm's revenue gets generated through Commercial Vehicles Brake Systems segment.

Executives

Kevin R Keating

director, officer: President

190 LAKEVIEW WAY, VERO BEACH FL 32963