Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Shanghai SK Petroleum & Chemical Equipment Change In Inventory?

Shanghai SK Petroleum & Chemical Equipment's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Shanghai SK Petroleum & Chemical Equipment's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai SK Petroleum & Chemical Equipment's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-38.9 Mil. It means Shanghai SK Petroleum & Chemical Equipment's inventory increased by ¥38.9 Mil from Dec. 2022 to Dec. 2023 .

Shanghai SK Petroleum & Chemical Equipment's Total Inventories for the quarter that ended in Mar. 2024 was ¥434.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai SK Petroleum & Chemical Equipment's Days Inventory for the quarter that ended in Mar. 2024 was 388.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai SK Petroleum & Chemical Equipment's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

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 SK Petroleum & Chemical Equipment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.99.

Shanghai SK Petroleum & Chemical Equipment Change In Inventory Historical Data

The historical data trend for Shanghai SK Petroleum & Chemical Equipment'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 SK Petroleum & Chemical Equipment Change In Inventory Chart

Shanghai SK Petroleum & Chemical Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-73.59

18.99

47.94

-57.99

-38.92

Shanghai SK Petroleum & Chemical Equipment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Shanghai SK Petroleum & Chemical Equipment 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 SK Petroleum & Chemical Equipment (SZSE:002278) Change In Inventory Explanation

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

Shanghai SK Petroleum & Chemical Equipment's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	425.173	/	99.93	*	365 / 4
	=	388.24

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

Shanghai SK Petroleum & Chemical Equipment's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	99.93	/	425.173
	=	0.24

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 SK Petroleum & Chemical Equipment's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	425.173	/	142.418
	=	2.99

Shanghai SK Petroleum & Chemical Equipment Change In Inventory Related Terms

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Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai SK Petroleum & Chemical Equipment Corp Ltd (SZSE:002278) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1769 Puxing Highway, Pujiang Town, Minhang District, Shanghai, Shanghai, CHN, 201114

Website

http://www.shenkai.com

Shanghai SK Petroleum & Chemical Equipment Corp Ltd is engaged in research and development and manufacturing of petrochemical equipment and engineering technology services. The products of the company include well control equipment, wellhead equipment, drilling and mining accessories, drilling instruments, oil analyzers, blowout preventers, and oil and mining drill bits.

Executives

Li Fang Ying	Director
Zhang Guan Jun	Independent director
Tang Wei Min	Executives
Jiang Gan Hong	Supervisors
Zhao Xin Yi	Executives
Gu Cheng Yu	Directors, executives
Huang Jia Liu	Director
Wang Xiang Wei	Director
Kou Yu Ting	Directors, executives
Gu Bing	Directors, Directors, and Executives
Yuan Jian Xin	Director
Wang Min	Executives
Chen Zhi Min	Supervisors
Gu Zheng	Director
Hu Shou Jun	Independent director

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