Shandong Weida Machinery Co (SZSE:002026) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Shandong Weida Machinery Co Change In Inventory?

Shandong Weida Machinery Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Shandong Weida Machinery Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Shandong Weida Machinery Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥130 Mil. It means Shandong Weida Machinery Co's inventory declined by ¥130 Mil from Dec. 2022 to Dec. 2023 .

Shandong Weida Machinery Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥569 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Weida Machinery Co's Days Inventory for the quarter that ended in Sep. 2024 was 129.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Weida Machinery Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.70.

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. Shandong Weida Machinery Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.07.

Shandong Weida Machinery Co Change In Inventory Historical Data

The historical data trend for Shandong Weida Machinery 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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Shandong Weida Machinery Co Change In Inventory Chart

Shandong Weida Machinery Co Annual Data

Trend

Dec14

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Dec21

Dec22

Dec23

Change In Inventory

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5.03

72.55

-321.04

110.06

130.43

Shandong Weida Machinery Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Shandong Weida Machinery 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.

Shandong Weida Machinery Co (SZSE:002026) Change In Inventory Explanation

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

Shandong Weida Machinery 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
	=	573.138	/	403.233	*	365 / 4
	=	129.70

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

Shandong Weida Machinery Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	403.233	/	573.138
	=	0.70

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.

Shandong Weida Machinery Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	573.138	/	534.57
	=	1.07

Shandong Weida Machinery Co Change In Inventory Related Terms

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Shandong Weida Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Weida Machinery Co Ltd (SZSE:002026) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Zhonghan Road, Manshan Town, Shandong Province, Wendeng, CHN, 264414

Website

http://www.weidapeacock.com

Shandong Weida Machinery Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of different kinds of chucks, saw blades for cutting wood, steel and stone, accessories of sinter parts and Investment casting parts. The firm offers its products within four main categories including the classic key type chucks, keyless chucks, chucks with lock, and self-tightening chucks. It sales its products in the china and overseas market. Its product offerings include die casting products, reciprocating saw speed control device, VS80 power tool switch, VS80B series variable speed switch, precision casting, powder metallurgy, and switches.

Executives

Liu You Cai	Directors, executives
Huang Jian Zhong	Director
Song Zhan You	Directors, executives
Yang Gui Mo	Director
Yang Gui Jun	Director
Cong Hu Long	Supervisors
Yang Ming Yan	Director
Wang Ji Shun	Executives

Shandong Weida Machinery Co Headlines

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