Zhejiang Weigang Technology Co (SZSE:001256) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Weigang Technology Co Change In Inventory?

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

Zhejiang Weigang Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-34.3 Mil. It means Zhejiang Weigang Technology Co's inventory increased by ¥34.3 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Weigang Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥170.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Weigang Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 214.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Weigang Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

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 Weigang Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.60.

Zhejiang Weigang Technology Co Change In Inventory Historical Data

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

Zhejiang Weigang Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-9.21

-29.41

-25.55

37.89

-34.31

Zhejiang Weigang Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Zhejiang Weigang 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.

Zhejiang Weigang Technology Co (SZSE:001256) Change In Inventory Explanation

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

Zhejiang Weigang 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
	=	163.0815	/	69.238	*	365 / 4
	=	214.93

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

Zhejiang Weigang 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
	=	69.238	/	163.0815
	=	0.42

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	163.0815	/	102.222
	=	1.60

Zhejiang Weigang Technology Co Change In Inventory Related Terms

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Zhejiang Weigang Technology Co (SZSE:001256) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Weigang Technology Co Ltd (SZSE:001256) » Definitions » Change In Inventory

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Address

Songqiao Industrial Zone, Pingyang County, Zhejiang Province, Wenzhou, CHN, 325409

Website

http://www.weigang.cn

Zhejiang Weigang Technology Co Ltd specialized in manufacturing narrow label printing machines and converting machines.

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