Tsingtao Brewery Co (Tsingtao Brewery Co) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Tsingtao Brewery Co Change In Inventory?

Tsingtao Brewery Co's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Tsingtao Brewery Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Tsingtao Brewery Co's change in inventory for the fiscal year that ended in Dec. 2023 was $85 Mil. It means Tsingtao Brewery Co's inventory declined by $85 Mil from Dec. 2022 to Dec. 2023 .

Tsingtao Brewery Co's Total Inventories for the quarter that ended in Mar. 2024 was $348 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsingtao Brewery Co's Days Inventory for the quarter that ended in Mar. 2024 was 45.87.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsingtao Brewery Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.99.

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. Tsingtao Brewery Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Tsingtao Brewery Co Change In Inventory Historical Data

The historical data trend for Tsingtao Brewery 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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Tsingtao Brewery Co Change In Inventory Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-75.17

-15.41

-34.48

-94.96

85.05

Tsingtao Brewery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Tsingtao Brewery 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.

Tsingtao Brewery Co (OTCPK:TSGTY) Change In Inventory Explanation

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

Tsingtao Brewery 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
	=	421.9475	/	839.449	*	365 / 4
	=	45.87

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

Tsingtao Brewery Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	839.449	/	421.9475
	=	1.99

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.

Tsingtao Brewery Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	421.9475	/	1409.431
	=	0.30

Tsingtao Brewery Co Change In Inventory Related Terms

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Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTY) » Definitions » Change In Inventory

Traded in Other Exchanges

TSGTF:USA 00168:Hong Kong TSI:Germany TSI:Germany TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.