Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Suzhou Hengmingda Electronic Technology Co Change In Inventory?

Suzhou Hengmingda Electronic Technology Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Suzhou Hengmingda Electronic Technology Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Suzhou Hengmingda Electronic Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥62 Mil. It means Suzhou Hengmingda Electronic Technology Co's inventory declined by ¥62 Mil from Dec. 2022 to Dec. 2023 .

Suzhou Hengmingda Electronic Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥189 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzhou Hengmingda Electronic Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 59.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Suzhou Hengmingda Electronic Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.52.

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. Suzhou Hengmingda Electronic Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Suzhou Hengmingda Electronic Technology Co Change In Inventory Historical Data

The historical data trend for Suzhou Hengmingda Electronic Technology 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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Suzhou Hengmingda Electronic Technology Co Change In Inventory Chart

Suzhou Hengmingda Electronic Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-13.32

-36.34

-130.02

-122.21

62.01

Suzhou Hengmingda Electronic Technology 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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Suzhou Hengmingda Electronic Technology 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.

Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Change In Inventory Explanation

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

Suzhou Hengmingda Electronic Technology 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
	=	199.528	/	304.203	*	365 / 4
	=	59.85

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

Suzhou Hengmingda Electronic Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	304.203	/	199.528
	=	1.52

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.

Suzhou Hengmingda Electronic Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	199.528	/	425.169
	=	0.47

Suzhou Hengmingda Electronic Technology Co Change In Inventory Related Terms

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Suzhou Hengmingda Electronic Technology Co (SZSE:002947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Suzhou Hengmingda Electronic Technology Co Ltd (SZSE:002947) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 1568 Shipai Taki Road, Bacheng Town, Jiangsu Province, Kunshan City, CHN, 215312

Website

http://www.hengmingda.com

Suzhou Hengmingda Electronic Technology Co Ltd is a technology company. The company is engaged in the design, development, production and sales of consumer electronic functional devices. The products have been widely used in consumer electronics and components such as mobile phones, tablet computers, notebook computers, smart wearable devices.

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