Hengdian Group Dmegc Magnetics Co (SZSE:002056) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Hengdian Group Dmegc Magnetics Co Change In Inventory?

Hengdian Group Dmegc Magnetics Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Hengdian Group Dmegc Magnetics Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Hengdian Group Dmegc Magnetics Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥23 Mil. It means Hengdian Group Dmegc Magnetics Co's inventory declined by ¥23 Mil from Dec. 2022 to Dec. 2023 .

Hengdian Group Dmegc Magnetics Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥2,512 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hengdian Group Dmegc Magnetics Co's Days Inventory for the quarter that ended in Mar. 2024 was 57.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hengdian Group Dmegc Magnetics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

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. Hengdian Group Dmegc Magnetics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Hengdian Group Dmegc Magnetics Co Change In Inventory Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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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Hengdian Group Dmegc Magnetics Co Change In Inventory Chart

Hengdian Group Dmegc Magnetics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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40.12

-197.71

-863.90

-319.85

22.69

Hengdian Group Dmegc Magnetics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Hengdian Group Dmegc Magnetics 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 Mil.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Change In Inventory Explanation

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

Hengdian Group Dmegc Magnetics 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
	=	2233.29	/	3562.02	*	365 / 4
	=	57.21

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

Hengdian Group Dmegc Magnetics Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3562.02	/	2233.29
	=	1.59

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.

Hengdian Group Dmegc Magnetics Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2233.29	/	4233.468
	=	0.53

Hengdian Group Dmegc Magnetics Co Change In Inventory Related Terms

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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengdian Group Dmegc Magnetics Co Ltd (SZSE:002056) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118

Website

http://www.chinadmegc.com

Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

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