North Long Dragon New Materials Tech Co (SZSE:301357) Change In Inventory : ¥0.0 Mil (TTM As of Sep. 2024)

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What is North Long Dragon New Materials Tech Co Change In Inventory?

North Long Dragon New Materials Tech Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0.0 Mil. It means North Long Dragon New Materials Tech Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

North Long Dragon New Materials Tech Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-31.9 Mil. It means North Long Dragon New Materials Tech Co's inventory increased by ¥31.9 Mil from Dec. 2022 to Dec. 2023 .

North Long Dragon New Materials Tech Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥70.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. North Long Dragon New Materials Tech Co's Days Inventory for the quarter that ended in Sep. 2024 was 1,552.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. North Long Dragon New Materials Tech Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.06.

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. North Long Dragon New Materials Tech Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 10.36.

North Long Dragon New Materials Tech Co Change In Inventory Historical Data

The historical data trend for North Long Dragon New Materials Tech 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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North Long Dragon New Materials Tech Co Change In Inventory Chart

North Long Dragon New Materials Tech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-35.86

0.99

-8.96

49.33

-31.88

North Long Dragon New Materials Tech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial													-	-	-	-	-

North Long Dragon New Materials Tech 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.0 Mil.

North Long Dragon New Materials Tech Co (SZSE:301357) Change In Inventory Explanation

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

North Long Dragon New Materials Tech 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
	=	65.193	/	3.833	*	365 / 4
	=	1,552.01

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

North Long Dragon New Materials Tech Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.833	/	65.193
	=	0.06

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.

North Long Dragon New Materials Tech Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	65.193	/	6.295
	=	10.36

North Long Dragon New Materials Tech Co Change In Inventory Related Terms

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North Long Dragon New Materials Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » North Long Dragon New Materials Tech Co Ltd (SZSE:301357) » Definitions » Change In Inventory

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Address

No. 699 Hangtian East Road, 2nd Floor, Building 11, Civil-Military Integration Innovation Park (Area B), National Civil Aerospace Industry Base, Shaanxi Province, Xi'an, CHN, 710100

Website

https://www.longdragon.com.cn

North Long Dragon New Materials Tech Co Ltd is mainly engaged in the R&D, design, production and sales of supporting equipment for military vehicles with the core of non-metal composite material performance research, process structure design and application technology. The products are widely used in electronic information, armored combat, armored support and other round Type, tracked vehicle main combat equipment.

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