Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Xinjiang Zhundong Petroleum Technology Co Change In Inventory?

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

Xinjiang Zhundong Petroleum Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥0.7 Mil. It means Xinjiang Zhundong Petroleum Technology Co's inventory declined by ¥0.7 Mil from Dec. 2022 to Dec. 2023 .

Xinjiang Zhundong Petroleum Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥2.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xinjiang Zhundong Petroleum Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 3.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Xinjiang Zhundong Petroleum Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.49.

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. Xinjiang Zhundong Petroleum Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Xinjiang Zhundong Petroleum Technology Co Change In Inventory Historical Data

The historical data trend for Xinjiang Zhundong Petroleum 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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Xinjiang Zhundong Petroleum Technology Co Change In Inventory Chart

Xinjiang Zhundong Petroleum Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.84

3.13

0.71

-2.77

0.72

Xinjiang Zhundong Petroleum Technology 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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Xinjiang Zhundong Petroleum 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.

Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Change In Inventory Explanation

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

Xinjiang Zhundong Petroleum 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
	=	2.1785	/	51.174	*	365 / 4
	=	3.88

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

Xinjiang Zhundong Petroleum 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
	=	51.174	/	2.1785
	=	23.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.1785	/	41.629
	=	0.05

Xinjiang Zhundong Petroleum Technology Co Change In Inventory Related Terms

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Xinjiang Zhundong Petroleum Technology Co (SZSE:002207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Xinjiang Zhundong Petroleum Technology Co Ltd (SZSE:002207) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251 Youyi Road, Xinjiang Uygur Autonomous Region, Karamay, CHN, 831511

Website

http://www.zygf.com.cn

Xinjiang Zhundong Petroleum Technology Co Ltd is engaged in providing oilfield dynamic monitoring and enhanced oil recovery technology services for oil and natural gas mining enterprises. The business of the company includes petroleum technology services, transportation services, and sales of chemical products. The services include well testing, production testing, water shutoff, profile control, and coiled tubing operations.

Executives

Lv Zhan Min	Directors, Directors, and Executives
Jian Wei	Directors, executives
Ai Ke Bai Er Mai Mai Ti	Supervisors
Zhao Shu Zhi	Supervisors
Shi Qiang	Executives
Gu Yu Rong	Independent director
Wang Yu Xin	Executives
Cao Hao	Director
Liu Jun	Supervisors
Zuo Jun	Supervisors
Ai Ke Bai Er Mai Mai Ti	Supervisors
Ding Hao	Supervisors
Xu Wen Shi	Executives
Chang Wen Jiu	Directors, executives
Tao Wei	Supervisors

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