U Power (U Power) Change In Inventory : $0.02 Mil (TTM As of Dec. 2023)

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What is U Power Change In Inventory?

U Power's change in inventory for the quarter that ended in Dec. 2023 was $0.18 Mil. It means U Power's inventory declined by $0.18 Mil from Jun. 2023 to Dec. 2023 .

U Power's change in inventory for the fiscal year that ended in Dec. 2023 was $0.02 Mil. It means U Power's inventory declined by $0.02 Mil from Dec. 2022 to Dec. 2023 .

U Power's Total Inventories for the quarter that ended in Dec. 2023 was $0.76 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. U Power's Days Inventory for the quarter that ended in Dec. 2023 was 156.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. U Power's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

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. U Power's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

U Power Change In Inventory Historical Data

The historical data trend for U Power'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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U Power Change In Inventory Chart

U Power Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.03

-2.08

1.12

0.02

U Power Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial			-1.89	-0.23	1.34	-0.16	0.18

U Power 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.02 Mil.

U Power (NAS:UCAR) Change In Inventory Explanation

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

U Power's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.842	/	0.979	*	365 / 2
	=	156.96

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

U Power's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.979	/	0.842
	=	1.16

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.

U Power's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.842	/	2.502
	=	0.34

U Power Change In Inventory Related Terms

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U Power (U Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » U Power Ltd (NAS:UCAR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

18th Floor, Building 3, Science and Technology Industrial Park, Yijiang District, Anhui Province, Wuhu, CHN, 241003

Website

http://www.upincar.com

U Power Ltd is involved in the provision of vehicle sourcing services. It is principally engaged in the provision of new energy vehicles development and sales; battery swapping stations manufactory and sales; battery swapping services and sourcing services. The company as a broker engaged in sales of vehicles between automobile wholesalers and buyers, including small and medium sized vehicle dealers and individual customers primarily located in the lower-tier cities in China, which are smaller and less developed than the tier-1 or tier-2 cities.