Shandong Meichen Ecology & Environment Co (SZSE:300237) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shandong Meichen Ecology & Environment Co Change In Inventory?

Shandong Meichen Ecology & Environment Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shandong Meichen Ecology & Environment Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shandong Meichen Ecology & Environment Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥11 Mil. It means Shandong Meichen Ecology & Environment Co's inventory declined by ¥11 Mil from Dec. 2022 to Dec. 2023 .

Shandong Meichen Ecology & Environment Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥607 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shandong Meichen Ecology & Environment Co's Days Inventory for the quarter that ended in Mar. 2024 was 132.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shandong Meichen Ecology & Environment Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

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. Shandong Meichen Ecology & Environment Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.

Shandong Meichen Ecology & Environment Co Change In Inventory Historical Data

The historical data trend for Shandong Meichen Ecology & Environment 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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Shandong Meichen Ecology & Environment Co Change In Inventory Chart

Shandong Meichen Ecology & Environment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-704.37

-826.85

426.28

-14.20

10.72

Shandong Meichen Ecology & Environment 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															-	-	-	-	-

Shandong Meichen Ecology & Environment 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.

Shandong Meichen Ecology & Environment Co (SZSE:300237) Change In Inventory Explanation

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

Shandong Meichen Ecology & Environment 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
	=	593.7235	/	407.624	*	365 / 4
	=	132.91

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

Shandong Meichen Ecology & Environment Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	407.624	/	593.7235
	=	0.69

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.

Shandong Meichen Ecology & Environment Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	593.7235	/	431.449
	=	1.38

Shandong Meichen Ecology & Environment Co Change In Inventory Related Terms

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Shandong Meichen Ecology & Environment Co (SZSE:300237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Ecology & Environment Co Ltd (SZSE:300237) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Ecology & Environment Co (SZSE:300237) Headlines

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