Qingdao Richmat Intelligence Technology (SZSE:301320) Change In Inventory : ¥0.0 Mil (TTM As of Jun. 2024)

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What is Qingdao Richmat Intelligence Technology Change In Inventory?

Qingdao Richmat Intelligence Technology's change in inventory for the quarter that ended in Jun. 2024 was ¥0.0 Mil. It means Qingdao Richmat Intelligence Technology's inventory stayed the same from Mar. 2024 to Jun. 2024 .

Qingdao Richmat Intelligence Technology's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-41.8 Mil. It means Qingdao Richmat Intelligence Technology's inventory increased by ¥41.8 Mil from Dec. 2022 to Dec. 2023 .

Qingdao Richmat Intelligence Technology's Total Inventories for the quarter that ended in Jun. 2024 was ¥174.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Qingdao Richmat Intelligence Technology's Days Inventory for the quarter that ended in Jun. 2024 was 106.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qingdao Richmat Intelligence Technology's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.86.

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. Qingdao Richmat Intelligence Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.89.

Qingdao Richmat Intelligence Technology Change In Inventory Historical Data

The historical data trend for Qingdao Richmat Intelligence Technology'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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Qingdao Richmat Intelligence Technology Change In Inventory Chart

Qingdao Richmat Intelligence Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-19.92

-62.37

-48.00

22.34

-41.79

Qingdao Richmat Intelligence Technology Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial											-3.77	-	-	-	-

Qingdao Richmat Intelligence Technology 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.0 Mil.

Qingdao Richmat Intelligence Technology (SZSE:301320) Change In Inventory Explanation

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

Qingdao Richmat Intelligence Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	167.925	/	144.125	*	365 / 4
	=	106.32

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

Qingdao Richmat Intelligence Technology's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	144.125	/	167.925
	=	0.86

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.

Qingdao Richmat Intelligence Technology's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	167.925	/	189.668
	=	0.89

Qingdao Richmat Intelligence Technology Change In Inventory Related Terms

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Qingdao Richmat Intelligence Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Richmat Intelligence Technology Inc (SZSE:301320) » Definitions » Change In Inventory

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Address

No. 78, Kongquehe 4th Road, Qingdao Garment Industrial Park, Jimo District, Shandong Province, Qingdao, CHN, 266200

Website

https://www.richmat.com.cn

Qingdao Richmat Intelligence Technology Inc is engaged in Research and development, production and sales of intelligent linear drive system products. its products include: Linear actuator Dual actuator, Lifting column, Control box, Handset, and Massage motor.

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