Ningbo Cixing Co (SZSE:300307) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Ningbo Cixing Co Change In Inventory?

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

Ningbo Cixing Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-176 Mil. It means Ningbo Cixing Co's inventory increased by ¥176 Mil from Dec. 2022 to Dec. 2023 .

Ningbo Cixing Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,117 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ningbo Cixing Co's Days Inventory for the quarter that ended in Mar. 2024 was 233.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ningbo Cixing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.39.

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. Ningbo Cixing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.86.

Ningbo Cixing Co Change In Inventory Historical Data

The historical data trend for Ningbo Cixing 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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Ningbo Cixing Co Change In Inventory Chart

Ningbo Cixing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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38.32

-207.97

-134.54

-148.09

-176.10

Ningbo Cixing 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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Ningbo Cixing 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.

Ningbo Cixing Co (SZSE:300307) Change In Inventory Explanation

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

Ningbo Cixing 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
	=	1102.1345	/	431.396	*	365 / 4
	=	233.13

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

Ningbo Cixing Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	431.396	/	1102.1345
	=	0.39

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.

Ningbo Cixing Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1102.1345	/	592.118
	=	1.86

Ningbo Cixing Co Change In Inventory Related Terms

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Ningbo Cixing Co (SZSE:300307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Cixing Co Ltd (SZSE:300307) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

West Weisan Road, Andong Town Industrial Zone, Cixi, CHN, 315327

Website

http://www.ci-xing.com

Ningbo Cixing Co Ltd is engaged in the research and development, manufacture and distribution of computerized knitting machines. The company's main products include computerized flat knitting machines, computerized seamless underwear circular knitting machines, stocking machine, and circular knitting machine.

Executives

Lu De Chun	Executives
Liu Dao Cheng	Executives
Hu Xue Qun	Supervisors
Sun Ping Fan	Directors, executives
Yang Xue Lan	Securities Affairs Representative
Li Li Jun	Directors, executives

Ningbo Cixing Co (SZSE:300307) Headlines

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