Zhejiang Meili High Technology Co (SZSE:300611) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Meili High Technology Co Change In Inventory?

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

Zhejiang Meili High Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-16 Mil. It means Zhejiang Meili High Technology Co's inventory increased by ¥16 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Meili High Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥306 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Meili High Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 111.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Meili High Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.82.

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. Zhejiang Meili High Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.98.

Zhejiang Meili High Technology Co Change In Inventory Historical Data

The historical data trend for Zhejiang Meili High 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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Zhejiang Meili High Technology Co Change In Inventory Chart

Zhejiang Meili High Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-13.53

-11.78

-61.40

-52.00

-16.13

Zhejiang Meili High 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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Zhejiang Meili High 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.

Zhejiang Meili High Technology Co (SZSE:300611) Change In Inventory Explanation

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

Zhejiang Meili High 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
	=	294.581	/	241.179	*	365 / 4
	=	111.45

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

Zhejiang Meili High 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
	=	241.179	/	294.581
	=	0.82

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.

Zhejiang Meili High Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	294.581	/	302.129
	=	0.98

Zhejiang Meili High Technology Co Change In Inventory Related Terms

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Zhejiang Meili High Technology Co (SZSE:300611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Meili High Technology Co Ltd (SZSE:300611) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1365 West Xinchang Avenue, Zhejiang, Xinchang, CHN, 312500

Website

http://www.china-springs.com

Zhejiang Meili High Technology Co Ltd is a China based company engages in the provision of automotive products. Its products portfolio includes power system spring, suspension system spring, car body and interior spring, universal spring and other spring. Its product range focuses on automotive, covering motorcycle, engineering machinery, petroleum transport and conveying, precision instrument, sport apparatus and mechanical device.

Executives

Zhang Bi Hong	Director
Zhang Zhu Jun	Directors, executives
Wang Guo Lian	Directors, executives

Zhejiang Meili High Technology Co (SZSE:300611) Headlines

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