Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Guangzhou Tech-Long Packing Machine Co Change In Inventory?

Guangzhou Tech-Long Packing Machine Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Guangzhou Tech-Long Packing Machine Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Guangzhou Tech-Long Packing Machine Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-52 Mil. It means Guangzhou Tech-Long Packing Machine Co's inventory increased by ¥52 Mil from Dec. 2022 to Dec. 2023 .

Guangzhou Tech-Long Packing Machine Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥785 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangzhou Tech-Long Packing Machine Co's Days Inventory for the quarter that ended in Mar. 2024 was 399.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangzhou Tech-Long Packing Machine Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

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. Guangzhou Tech-Long Packing Machine Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.15.

Guangzhou Tech-Long Packing Machine Co Change In Inventory Historical Data

The historical data trend for Guangzhou Tech-Long Packing Machine 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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Guangzhou Tech-Long Packing Machine Co Change In Inventory Chart

Guangzhou Tech-Long Packing Machine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-158.54

-99.74

-99.29

22.59

-51.83

Guangzhou Tech-Long Packing Machine 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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Guangzhou Tech-Long Packing Machine 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.

Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Change In Inventory Explanation

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

Guangzhou Tech-Long Packing Machine 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
	=	718.053	/	164.057	*	365 / 4
	=	399.39

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

Guangzhou Tech-Long Packing Machine Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	164.057	/	718.053
	=	0.23

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.

Guangzhou Tech-Long Packing Machine Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	718.053	/	227.784
	=	3.15

Guangzhou Tech-Long Packing Machine Co Change In Inventory Related Terms

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Guangzhou Tech-Long Packing Machine Co (SZSE:002209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangzhou Tech-Long Packing Machine Co Ltd (SZSE:002209) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Yunpu 1 Road, Huangpu District, Guangzhou, CHN, 510530

Website

http://www.tech-long.com

Guangzhou Tech-long Packing Machine Co. Ltd is a provider of turnkey solutions for global liquid product manufacturers. The company mainly provides equipment for the liquid packaging industry. Its products offer water treatment solutions, beverage pre-treatment systems, and others. The product portfolio includes water treatment system, blow molding machines, filling machine, large container filling machine, packaging machine, conveying machine and others.

Executives

Chen Gang	Director
Zhang Chong Ming	Executives
Zhang Song Ming	Directors, executives
Xie Wei	Supervisors
Wang Hao Hui	Independent director
Zou Da Qun	Director
Kong Xiang Jie	Directors, executives
Zhang Zan Ming	Executives
Wang Wei Dong	Directors, executives
Wang Zhong	Directors, executives

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