Zhejiang RIFA Precision Machinery Co (SZSE:002520) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang RIFA Precision Machinery Co Change In Inventory?

Zhejiang RIFA Precision Machinery Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Zhejiang RIFA Precision Machinery Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Zhejiang RIFA Precision Machinery Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-56 Mil. It means Zhejiang RIFA Precision Machinery Co's inventory increased by ¥56 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang RIFA Precision Machinery Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,181 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang RIFA Precision Machinery Co's Days Inventory for the quarter that ended in Mar. 2024 was 272.20.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang RIFA Precision Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

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. Zhejiang RIFA Precision Machinery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.62.

Zhejiang RIFA Precision Machinery Co Change In Inventory Historical Data

The historical data trend for Zhejiang RIFA Precision Machinery 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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Zhejiang RIFA Precision Machinery Co Change In Inventory Chart

Zhejiang RIFA Precision Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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78.44

-14.04

-139.50

-298.77

-56.10

Zhejiang RIFA Precision Machinery 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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Zhejiang RIFA Precision Machinery 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.

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Change In Inventory Explanation

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

Zhejiang RIFA Precision Machinery 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
	=	1199.9225	/	402.25	*	365 / 4
	=	272.20

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

Zhejiang RIFA Precision Machinery Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	402.25	/	1199.9225
	=	0.34

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.

Zhejiang RIFA Precision Machinery Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1199.9225	/	457.685
	=	2.62

Zhejiang RIFA Precision Machinery Co Change In Inventory Related Terms

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Zhejiang RIFA Precision Machinery Co (SZSE:002520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang RIFA Precision Machinery Co Ltd (SZSE:002520) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Nanyan Industry Zone, Zhejiang Province, Xinchang, CHN, 312500

Website

http://www.rifapm.com

Zhejiang RIFA Precision Machinery Co Ltd is a China-based company engaged in the manufacturing and distribution of computer numerical control (CNC) machine tools. It provides CNC lathes, CNC grinding machines, vertical machining centers, horizontal machining centers, as well as gantry machining centers, among others. It offers its products under the brand name RIFA. The company distributes its products within domestic market and to overseas markets.

Executives

Wang Ben Shan	Directors, executives
Huang Lin Jun	Supervisors
Wu Jie	Director
Wang Ji	Director
Dong Yi Guang	Supervisors

Zhejiang RIFA Precision Machinery Co (SZSE:002520) Headlines

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