TJK Machinery (Tianjin) Co (SZSE:300823) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is TJK Machinery (Tianjin) Co Change In Inventory?

TJK Machinery (Tianjin) Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means TJK Machinery (Tianjin) Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

TJK Machinery (Tianjin) Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-33.2 Mil. It means TJK Machinery (Tianjin) Co's inventory increased by ¥33.2 Mil from Dec. 2022 to Dec. 2023 .

TJK Machinery (Tianjin) Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥253.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TJK Machinery (Tianjin) Co's Days Inventory for the quarter that ended in Mar. 2024 was 389.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. TJK Machinery (Tianjin) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

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. TJK Machinery (Tianjin) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.57.

TJK Machinery (Tianjin) Co Change In Inventory Historical Data

The historical data trend for TJK Machinery (Tianjin) 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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TJK Machinery (Tianjin) Co Change In Inventory Chart

TJK Machinery (Tianjin) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.24

11.03

-58.53

23.24

-33.18

TJK Machinery (Tianjin) 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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TJK Machinery (Tianjin) 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.

TJK Machinery (Tianjin) Co (SZSE:300823) Change In Inventory Explanation

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

TJK Machinery (Tianjin) 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
	=	250.564	/	58.776	*	365 / 4
	=	389.00

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

TJK Machinery (Tianjin) Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	58.776	/	250.564
	=	0.23

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.

TJK Machinery (Tianjin) Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	250.564	/	97.398
	=	2.57

TJK Machinery (Tianjin) Co Change In Inventory Related Terms

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TJK Machinery (Tianjin) Co (SZSE:300823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Machinery (Tianjin) Co Ltd (SZSE:300823) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Machinery (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

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