TSYHF (TravelSky Technology) Change In Inventory : $-8 Mil (TTM As of Jun. 2024)

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What is TravelSky Technology Change In Inventory?

TravelSky Technology's change in inventory for the quarter that ended in Jun. 2024 was $-8 Mil. It means TravelSky Technology's inventory increased by $8 Mil from Dec. 2023 to Jun. 2024 .

TravelSky Technology's change in inventory for the fiscal year that ended in Dec. 2023 was $-1 Mil. It means TravelSky Technology's inventory increased by $1 Mil from Dec. 2022 to Dec. 2023 .

TravelSky Technology's Total Inventories for the quarter that ended in Jun. 2024 was $20 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TravelSky Technology's Days Inventory for the quarter that ended in Jun. 2024 was 10.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. TravelSky Technology's Inventory Turnover for the quarter that ended in Jun. 2024 was 16.83.

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. TravelSky Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.03.

TravelSky Technology Change In Inventory Historical Data

The historical data trend for TravelSky 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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TravelSky Technology Change In Inventory Chart

TravelSky Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.10

-4.94

2.56

-2.88

-0.62

TravelSky Technology Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial															-2.84	-0.15	0.02	-0.64	-7.79

TravelSky 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 semi-annually data reported by the company within the most recent 12 months, which was $-8 Mil.

TravelSky Technology (OTCPK:TSYHF) Change In Inventory Explanation

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

TravelSky 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
	=	15.838	/	266.501	*	365 / 2
	=	10.85

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	266.501	/	15.838
	=	16.83

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.838	/	557.127
	=	0.03

TravelSky Technology Change In Inventory Related Terms

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TravelSky Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » TravelSky Technology Ltd (OTCPK:TSYHF) » Definitions » Change In Inventory

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TSYHY:USA 00696:Hong Kong TVL:Germany

Address

TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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