Avcon Information Technology Co (SZSE:300074) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Avcon Information Technology Co Change In Inventory?

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

Avcon Information Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥32.8 Mil. It means Avcon Information Technology Co's inventory declined by ¥32.8 Mil from Dec. 2022 to Dec. 2023 .

Avcon Information Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥30.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avcon Information Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 155.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Avcon Information Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.

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. Avcon Information Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.86.

Avcon Information Technology Co Change In Inventory Historical Data

The historical data trend for Avcon Information 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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Avcon Information Technology Co Change In Inventory Chart

Avcon Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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22.02

-19.16

17.46

41.42

32.79

Avcon Information Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Avcon Information 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 ¥0.0 Mil.

Avcon Information Technology Co (SZSE:300074) Change In Inventory Explanation

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

Avcon Information 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
	=	30.692	/	18.059	*	365 / 4
	=	155.08

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

Avcon Information 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
	=	18.059	/	30.692
	=	0.59

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.692	/	35.8
	=	0.86

Avcon Information Technology Co Change In Inventory Related Terms

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Avcon Information Technology Co (SZSE:300074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avcon Information Technology Co Ltd (SZSE:300074) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 69, Lane 1688, North Guoquan Road, Building A6, Wangu Science and Technology Park, Yangpu District, Shanghai, CHN, 200433

Website

http://www.avcon.com.cn

Avcon Information Technology Co Ltd designs and sells audio and video communication products and image intelligent integrated applications. It provides users with visual application solutions such as video conferencing, emergency command, smart cities security monitoring, safe cities, intelligent transportation, online education, and video call centers.

Executives

Li Hui	Secretary, Director
Tian Tian	Supervisors
Cheng Lin Fang	Executives
Fang Yong Xin	Director
Guo Feng	Directors, executives
Chen Zhuang	Independent director
Tang Xiao Yun	Secretary Dong
Wu Biao	Executives
Huang Qiao Lian	Securities Affairs Representative
Xi Feng Wei	Directors, executives
Liu Xiao Lu	Director
Liu Yan	Director
Zhou Xiao Chuan	Supervisors
Liu Xiao Dan	Director
Li Ji Chun	Supervisors

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