Hefei Meyer Optoelectronic Technology (SZSE:002690) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Hefei Meyer Optoelectronic Technology Change In Inventory?

Hefei Meyer Optoelectronic Technology's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Hefei Meyer Optoelectronic Technology's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Hefei Meyer Optoelectronic Technology's change in inventory for the fiscal year that ended in Dec. 2023 was ¥58 Mil. It means Hefei Meyer Optoelectronic Technology's inventory declined by ¥58 Mil from Dec. 2022 to Dec. 2023 .

Hefei Meyer Optoelectronic Technology's Total Inventories for the quarter that ended in Mar. 2024 was ¥487 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hefei Meyer Optoelectronic Technology's Days Inventory for the quarter that ended in Mar. 2024 was 253.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hefei Meyer Optoelectronic Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

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. Hefei Meyer Optoelectronic Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.36.

Hefei Meyer Optoelectronic Technology Change In Inventory Historical Data

The historical data trend for Hefei Meyer Optoelectronic Technology'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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Hefei Meyer Optoelectronic Technology Change In Inventory Chart

Hefei Meyer Optoelectronic Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-19.14

-121.75

-88.99

-120.57

58.16

Hefei Meyer Optoelectronic Technology 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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Hefei Meyer Optoelectronic Technology 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.

Hefei Meyer Optoelectronic Technology (SZSE:002690) Change In Inventory Explanation

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

Hefei Meyer Optoelectronic Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	450.214	/	162.079	*	365 / 4
	=	253.47

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

Hefei Meyer Optoelectronic Technology's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	162.079	/	450.214
	=	0.36

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.

Hefei Meyer Optoelectronic Technology's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	450.214	/	331.4
	=	1.36

Hefei Meyer Optoelectronic Technology Change In Inventory Related Terms

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Hefei Meyer Optoelectronic Technology (SZSE:002690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Meyer Optoelectronic Technology Inc (SZSE:002690) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 668 Wangjiang Road, Hefei Hi-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinameyer.com

Hefei Meyer Optoelectronic Technology Inc develops, manufactures and sells photoelectric detection and classification equipment. Its products include Color Sorter, X-ray inspection and others.

Executives

Hao Xian Jin	Director
Tian Ming	Director
Jiang Dong	Executives
Zhang Jian Jun	Executives
Ni Ying Jiu	Executives
Xu Peng	Directors, executives
Lin Mao Xian	Directors, executives
Xiang Cheng	Executives
Zhao Hui Fang	Independent director
Han Li Ming	Supervisors
Yu Neng Hong	Director

Hefei Meyer Optoelectronic Technology (SZSE:002690) Headlines

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