Shanghai Hongda New Material Co (SZSE:002211) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shanghai Hongda New Material Co Change In Inventory?

Shanghai Hongda New Material Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shanghai Hongda New Material Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai Hongda New Material Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥3.9 Mil. It means Shanghai Hongda New Material Co's inventory declined by ¥3.9 Mil from Dec. 2022 to Dec. 2023 .

Shanghai Hongda New Material Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥27.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Hongda New Material Co's Days Inventory for the quarter that ended in Mar. 2024 was 47.53.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Hongda New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.92.

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. Shanghai Hongda New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Shanghai Hongda New Material Co Change In Inventory Historical Data

The historical data trend for Shanghai Hongda New Material 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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Shanghai Hongda New Material Co Change In Inventory Chart

Shanghai Hongda New Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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32.01

-219.70

-8.82

18.80

3.94

Shanghai Hongda New Material 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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Shanghai Hongda New Material 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.

Shanghai Hongda New Material Co (SZSE:002211) Change In Inventory Explanation

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

Shanghai Hongda New Material 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
	=	21.5065	/	41.285	*	365 / 4
	=	47.53

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

Shanghai Hongda New Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	41.285	/	21.5065
	=	1.92

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.

Shanghai Hongda New Material Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.5065	/	46.166
	=	0.47

Shanghai Hongda New Material Co Change In Inventory Related Terms

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Shanghai Hongda New Material Co (SZSE:002211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Hongda New Material Co Ltd (SZSE:002211) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Mingzhu Plaza, Jiangsu Province, Yangzhong, CHN, 212200

Website

http://www.hongda-chemical.com

Shanghai Hongda New Material Co Ltd formerly known as Jiangsu Hongda New Material Co Ltd is engaged in producing high temperature silicone rubber products. The products of the company include die glue, low grade, ordinary molding, flame retardant, ordinary nipple glue, car matching glue, and cable joint glue.

Executives

Xu Liang Hu	Independent director
Liu Yan	Director
Zhu De Hong	Directors, executives
Lu Zhang Quan	Director
Zhang Jian Ping	Director
Guo Bei Qiong	Supervisors
Zhao Zhong Xiu	Director
Wu Jun Long	Supervisors
Wang Song	Executives
Zhang Jian	Director
Wang Yun	Executives

Shanghai Hongda New Material Co (SZSE:002211) Headlines

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