Shanghai Morn Electric Equipment Co (SZSE:002451) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shanghai Morn Electric Equipment Co Change In Inventory?

Shanghai Morn Electric Equipment Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shanghai Morn Electric Equipment Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shanghai Morn Electric Equipment Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-2 Mil. It means Shanghai Morn Electric Equipment Co's inventory increased by ¥2 Mil from Dec. 2022 to Dec. 2023 .

Shanghai Morn Electric Equipment Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥171 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shanghai Morn Electric Equipment Co's Days Inventory for the quarter that ended in Mar. 2024 was 69.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shanghai Morn Electric Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.31.

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 Morn Electric Equipment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Shanghai Morn Electric Equipment Co Change In Inventory Historical Data

The historical data trend for Shanghai Morn Electric Equipment 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 Morn Electric Equipment Co Change In Inventory Chart

Shanghai Morn Electric Equipment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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15.85

-11.58

-66.49

-7.79

-2.02

Shanghai Morn Electric Equipment Co 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 Morn Electric Equipment 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.

Shanghai Morn Electric Equipment Co (SZSE:002451) Change In Inventory Explanation

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

Shanghai Morn Electric Equipment 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
	=	162.925	/	213.857	*	365 / 4
	=	69.52

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

Shanghai Morn Electric Equipment Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	213.857	/	162.925
	=	1.31

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 Morn Electric Equipment Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	162.925	/	235.001
	=	0.69

Shanghai Morn Electric Equipment Co Change In Inventory Related Terms

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Shanghai Morn Electric Equipment Co (SZSE:002451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Morn Electric Equipment Co Ltd (SZSE:002451) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No.2829 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306

Website

http://www.mornelectric.com

Shanghai Morn Electric Equipment Co Ltd is engaged in the manufacture, development and sale of wire, cable and related accessories in China. The company also offers technical consulting and services for its products. Its products include Multi URD cable, Single URD cable, DLO cable, SOOW flexible cable, SJOOW flexible cable, SO flexible cable, SJ flexible cable, among others.

Executives

Zhu Jie	Supervisors
Wen Ze Xin	Directors, executives
Ye Zhen	Executives
Zhu Zhi Ying	Director
Dai Ren Min	Supervisors
Chen Yin	Executives
Wang Yong Wei	Directors, executives
Wang Qing	Director
Wen Ze Hong	Directors, executives
Chen De Bin	Executives

Shanghai Morn Electric Equipment Co (SZSE:002451) Headlines

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