Hangzhou Weiguang Electronic Co (SZSE:002801) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Hangzhou Weiguang Electronic Co Change In Inventory?

Hangzhou Weiguang Electronic Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Hangzhou Weiguang Electronic Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Hangzhou Weiguang Electronic Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥24 Mil. It means Hangzhou Weiguang Electronic Co's inventory declined by ¥24 Mil from Dec. 2022 to Dec. 2023 .

Hangzhou Weiguang Electronic Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥182 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hangzhou Weiguang Electronic Co's Days Inventory for the quarter that ended in Sep. 2024 was 70.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hangzhou Weiguang Electronic Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.30.

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. Hangzhou Weiguang Electronic Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Hangzhou Weiguang Electronic Co Change In Inventory Historical Data

The historical data trend for Hangzhou Weiguang Electronic 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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Hangzhou Weiguang Electronic Co Change In Inventory Chart

Hangzhou Weiguang Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-21.09

-29.54

-53.08

-20.06

23.95

Hangzhou Weiguang Electronic Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
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Hangzhou Weiguang Electronic 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Hangzhou Weiguang Electronic Co (SZSE:002801) Change In Inventory Explanation

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

Hangzhou Weiguang Electronic 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
	=	175.515	/	228.262	*	365 / 4
	=	70.16

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

Hangzhou Weiguang Electronic Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	228.262	/	175.515
	=	1.30

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.

Hangzhou Weiguang Electronic Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	175.515	/	336.356
	=	0.52

Hangzhou Weiguang Electronic Co Change In Inventory Related Terms

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Hangzhou Weiguang Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Weiguang Electronic Co Ltd (SZSE:002801) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

365 Xingzhong Road, Yuhang Economic Development Zone, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.wgmotor.com

Hangzhou Weiguang Electronic Co Ltd engages in the development, manufacturing, and sale of micro-motor and fans motor used for heating, ventilating, and air conditioning. Its products include electronically commutated motors and controlling motors, axial fans, external rotor motors, centrifugal fans, shaded pole motors, pin terminal motors, plug motors, capacitance motors, air flow, fan blade, grid, and bracket.

Executives

Ni Da Ming

Directors, executives

Hangzhou Weiguang Electronic Co Headlines

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