Zhejiang Renzhi Co (SZSE:002629) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Renzhi Co Change In Inventory?

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

Zhejiang Renzhi Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥3.4 Mil. It means Zhejiang Renzhi Co's inventory declined by ¥3.4 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Renzhi Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥7.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Renzhi Co's Days Inventory for the quarter that ended in Mar. 2024 was 17.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Renzhi Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.10.

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 Renzhi Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Zhejiang Renzhi Co Change In Inventory Historical Data

The historical data trend for Zhejiang Renzhi 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 Renzhi Co Change In Inventory Chart

Zhejiang Renzhi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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3.56

13.16

-1.99

-0.67

3.37

Zhejiang Renzhi 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 Renzhi 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.

Zhejiang Renzhi Co (SZSE:002629) Change In Inventory Explanation

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

Zhejiang Renzhi 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
	=	6.703	/	34.166	*	365 / 4
	=	17.90

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	34.166	/	6.703
	=	5.10

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.703	/	36.688
	=	0.18

Zhejiang Renzhi Co Change In Inventory Related Terms

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Zhejiang Renzhi Co (SZSE:002629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Zhejiang Renzhi Co Ltd (SZSE:002629) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2180 Binhai 6th Road, Room 108, Building 1, Wenzhou Economic and Technological Development Zone, Wenzhou, CHN, 200135

Website

http://www.chinarenzhi.com

Zhejiang Renzhi Co Ltd is engaged in the oil service industry which include providing professional services like oil and gas drilling engineering field, oilfield special equipment inspection and maintenance technology.

Executives

Tian Lin	Securities Affairs Representative
Wang Hao	Directors, executives
Xiong Hai He	Supervisors
Zhang Jun	Directors, executives
Feng Pin	Directors, executives
Wang Jian Jun	Director
Yang Liao	Directors, executives
Li Yuan En	Directors, executives
Liu Hui Qin	Supervisors
Ceng Chang Hua	Supervisors

Zhejiang Renzhi Co (SZSE:002629) Headlines

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