Tongda Smart Tech (Xiamen) Co (SZSE:001368) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Tongda Smart Tech (Xiamen) Co Change In Inventory?

Tongda Smart Tech (Xiamen) Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Tongda Smart Tech (Xiamen) Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Tongda Smart Tech (Xiamen) Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-14.0 Mil. It means Tongda Smart Tech (Xiamen) Co's inventory increased by ¥14.0 Mil from Dec. 2022 to Dec. 2023 .

Tongda Smart Tech (Xiamen) Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥109.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tongda Smart Tech (Xiamen) Co's Days Inventory for the quarter that ended in Mar. 2024 was 56.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tongda Smart Tech (Xiamen) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.61.

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. Tongda Smart Tech (Xiamen) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

Tongda Smart Tech (Xiamen) Co Change In Inventory Historical Data

The historical data trend for Tongda Smart Tech (Xiamen) 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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Tongda Smart Tech (Xiamen) Co Change In Inventory Chart

Tongda Smart Tech (Xiamen) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-11.53

-33.00

-33.48

44.74

-13.97

Tongda Smart Tech (Xiamen) Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial									-	-	-	-	-

Tongda Smart Tech (Xiamen) 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.

Tongda Smart Tech (Xiamen) Co (SZSE:001368) Change In Inventory Explanation

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

Tongda Smart Tech (Xiamen) 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
	=	104.9865	/	168.686	*	365 / 4
	=	56.79

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

Tongda Smart Tech (Xiamen) Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	168.686	/	104.9865
	=	1.61

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.

Tongda Smart Tech (Xiamen) Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	104.9865	/	236.457
	=	0.44

Tongda Smart Tech (Xiamen) Co Change In Inventory Related Terms

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Tongda Smart Tech (Xiamen) Co (SZSE:001368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tongda Smart Tech (Xiamen) Co Ltd (SZSE:001368) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 89 DingShan Middle Road, Dongfu Town, Fujian Province, Haicang District, Xiamen, CHN, 361027

Website

http://www.xmcz.cn

Tongda Smart Tech (Xiamen) Co Ltd is engaged in the research and development, production and sales of consumer products such as sports outdoor, home life, health care and others.

Tongda Smart Tech (Xiamen) Co (SZSE:001368) Headlines

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