Meiwu Technology Co (Meiwu Technology Co) Change In Inventory : $0.00 Mil (TTM As of Jun. 2023)

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What is Meiwu Technology Co Change In Inventory?

Meiwu Technology Co's change in inventory for the quarter that ended in Jun. 2023 was $0.00 Mil. It means Meiwu Technology Co's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Meiwu Technology Co's change in inventory for the fiscal year that ended in Dec. 2022 was $0.09 Mil. It means Meiwu Technology Co's inventory declined by $0.09 Mil from Dec. 2021 to Dec. 2022 .

Meiwu Technology Co's Total Inventories for the quarter that ended in Jun. 2023 was $0.26 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meiwu Technology Co's Days Inventory for the quarter that ended in Jun. 2023 was 6.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meiwu Technology Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 27.25.

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. Meiwu Technology Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.03.

Meiwu Technology Co Change In Inventory Historical Data

The historical data trend for Meiwu Technology 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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Meiwu Technology Co Change In Inventory Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

-0.05

-0.21

-1.20

1.13

0.09

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial					1.28	-0.15	-	-	-

Meiwu Technology 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

Meiwu Technology Co (NAS:WNW) Change In Inventory Explanation

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

Meiwu Technology 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
	=	0.302	/	8.228	*	365 / 2
	=	6.70

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

Meiwu Technology Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.228	/	0.302
	=	27.25

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.

Meiwu Technology Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.302	/	10.683
	=	0.03

Meiwu Technology Co Change In Inventory Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.