Zibo Qixiang Tengda Chemical Co (SZSE:002408) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zibo Qixiang Tengda Chemical Co Change In Inventory?

Zibo Qixiang Tengda Chemical Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Zibo Qixiang Tengda Chemical Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Zibo Qixiang Tengda Chemical Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-333 Mil. It means Zibo Qixiang Tengda Chemical Co's inventory increased by ¥333 Mil from Dec. 2022 to Dec. 2023 .

Zibo Qixiang Tengda Chemical Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,489 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zibo Qixiang Tengda Chemical Co's Days Inventory for the quarter that ended in Mar. 2024 was 29.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zibo Qixiang Tengda Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.08.

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. Zibo Qixiang Tengda Chemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Zibo Qixiang Tengda Chemical Co Change In Inventory Historical Data

The historical data trend for Zibo Qixiang Tengda Chemical 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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Zibo Qixiang Tengda Chemical Co Change In Inventory Chart

Zibo Qixiang Tengda Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-177.26

117.18

-427.52

-337.28

-333.01

Zibo Qixiang Tengda Chemical 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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Zibo Qixiang Tengda Chemical 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.

Zibo Qixiang Tengda Chemical Co (SZSE:002408) Change In Inventory Explanation

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

Zibo Qixiang Tengda Chemical 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
	=	1626.2295	/	5010.968	*	365 / 4
	=	29.61

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

Zibo Qixiang Tengda Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5010.968	/	1626.2295
	=	3.08

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.

Zibo Qixiang Tengda Chemical Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1626.2295	/	5479.652
	=	0.30

Zibo Qixiang Tengda Chemical Co Change In Inventory Related Terms

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Zibo Qixiang Tengda Chemical Co (SZSE:002408) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zibo Qixiang Tengda Chemical Co Ltd (SZSE:002408) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shandong Province Rubber Factory Road on the 1st, Linzi District, Zibo, CHN, 255438

Website

http://www.qxtdgf.com

Zibo Qixiang Tengda Chemical Co Ltd is a China-based company dealing in methyl ethyl ketone, isobutylene, maleic anhydride, disproportioated, butadiene, and carboxyl styrene butadiene latex.

Executives

Che Cheng Ju	Directors, executives
Yin Wei Ling	Executives
Zhang Jun	Secretary Dong
Li Yong	Executives
Huang Lei	Executives
Zhu Zhen Mao	Directors, Directors, and Executives
Fan Jia Yu	Director
Bian Li Bin	Director
Li Pei Pei	Supervisors
Zhuang Jie	Supervisors
Zhu Shu Jun	Executives
Yang Shu Guang	Supervisors
Ma Li	Supervisors
Wang Zhu Qing	Executives
Bi Ke Dou	Director

Zibo Qixiang Tengda Chemical Co (SZSE:002408) Headlines

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