Weiqiao Textile Co (Weiqiao Textile Co) Change In Inventory : $0 Mil (TTM As of Jun. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Weiqiao Textile Co Change In Inventory?

Weiqiao Textile Co's change in inventory for the quarter that ended in Jun. 2023 was $0 Mil. It means Weiqiao Textile Co's inventory stayed the same from Dec. 2022 to Jun. 2023 .

Weiqiao Textile Co's change in inventory for the fiscal year that ended in Dec. 2022 was $-84 Mil. It means Weiqiao Textile Co's inventory increased by $84 Mil from Dec. 2021 to Dec. 2022 .

Weiqiao Textile Co's Total Inventories for the quarter that ended in Jun. 2023 was $443 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Weiqiao Textile Co's Days Inventory for the quarter that ended in Jun. 2023 was 72.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Weiqiao Textile Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.51.

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. Weiqiao Textile Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.40.

Weiqiao Textile Co Change In Inventory Historical Data

The historical data trend for Weiqiao Textile 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.

* Premium members only.

Weiqiao Textile Co Change In Inventory Chart

Weiqiao Textile Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

Get a 7-Day Free Trial

-94.28

37.16

46.93

-124.92

-83.80

Weiqiao Textile Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Weiqiao Textile 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 Mil.

Weiqiao Textile Co (OTCPK:WQTEF) Change In Inventory Explanation

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

Weiqiao Textile 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
	=	440.9885	/	1107.206	*	365 / 2
	=	72.69

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1107.206	/	440.9885
	=	2.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	440.9885	/	1110.278
	=	0.40

Weiqiao Textile Co Change In Inventory Related Terms

Thank you for viewing the detailed overview of Weiqiao Textile Co's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Weiqiao Textile Co Ltd (OTCPK:WQTEF) » Definitions » Change In Inventory

Traded in Other Exchanges

02698:Hong Kong WEZ:Germany

Address

No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200

Website

http://www.wqfz.com

Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

No Headlines