Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Change In Inventory : ¥1.9 Mil (TTM As of Mar. 2024)

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What is Sichuan Gangtong Medical Equipment Group Co Change In Inventory?

Sichuan Gangtong Medical Equipment Group Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Sichuan Gangtong Medical Equipment Group Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Sichuan Gangtong Medical Equipment Group Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-84.1 Mil. It means Sichuan Gangtong Medical Equipment Group Co's inventory increased by ¥84.1 Mil from Dec. 2022 to Dec. 2023 .

Sichuan Gangtong Medical Equipment Group Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥338.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sichuan Gangtong Medical Equipment Group Co's Days Inventory for the quarter that ended in Mar. 2024 was 507.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sichuan Gangtong Medical Equipment Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

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. Sichuan Gangtong Medical Equipment Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 4.17.

Sichuan Gangtong Medical Equipment Group Co Change In Inventory Historical Data

The historical data trend for Sichuan Gangtong Medical Equipment Group 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.
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Sichuan Gangtong Medical Equipment Group Co Change In Inventory Chart

Sichuan Gangtong Medical Equipment Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-16.83

-26.30

-11.83

29.50

-84.07

Sichuan Gangtong Medical Equipment Group Co Quarterly Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial														-54.05	1.88	-	-	-

Sichuan Gangtong Medical Equipment Group 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 ¥1.9 Mil.

Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Change In Inventory Explanation

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

Sichuan Gangtong Medical Equipment Group 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
	=	317.281	/	56.998	*	365 / 4
	=	507.95

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

Sichuan Gangtong Medical Equipment Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	56.998	/	317.281
	=	0.18

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.

Sichuan Gangtong Medical Equipment Group Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	317.281	/	76.12
	=	4.17

Sichuan Gangtong Medical Equipment Group Co Change In Inventory Related Terms

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Sichuan Gangtong Medical Equipment Group Co (SZSE:301515) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sichuan Gangtong Medical Equipment Group Co Ltd (SZSE:301515) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 356, South Section of Kailiwei Industrial Avenue, Sichuan, Jianyang, CHN, 641400

Website

http://www.gtjt.com

Sichuan Gangtong Medical Equipment Group Co Ltd is a modern provider of medical device research & development and manufacturing and medical professional system overall solutions. It is committed to solving the problems of medical gas supply and medical infection, providing various medical institutions with safe, stable, reliable and intelligent life support systems and life support areas.

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