ZHONGCHAO (ZHONGCHAO) Change In Inventory : $-0.35 Mil (TTM As of Jun. 2023)

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What is ZHONGCHAO Change In Inventory?

ZHONGCHAO's change in inventory for the quarter that ended in Jun. 2023 was $-0.35 Mil. It means ZHONGCHAO's inventory increased by $0.35 Mil from Dec. 2022 to Jun. 2023 .

ZHONGCHAO's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.19 Mil. It means ZHONGCHAO's inventory increased by $0.19 Mil from Dec. 2021 to Dec. 2022 .

ZHONGCHAO's Total Inventories for the quarter that ended in Jun. 2023 was $0.51 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ZHONGCHAO's Days Inventory for the quarter that ended in Jun. 2023 was 10.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. ZHONGCHAO's Inventory Turnover for the quarter that ended in Jun. 2023 was 17.25.

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

ZHONGCHAO Change In Inventory Historical Data

The historical data trend for ZHONGCHAO'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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ZHONGCHAO Change In Inventory Chart

ZHONGCHAO Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.19

ZHONGCHAO Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial							-	-	-	-	-0.35

ZHONGCHAO 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 $-0.35 Mil.

ZHONGCHAO (NAS:ZCMD) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.351	/	6.053	*	365 / 2
	=	10.58

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.053	/	0.351
	=	17.25

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.351	/	10.376
	=	0.03

ZHONGCHAO Change In Inventory Related Terms

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ZHONGCHAO (ZHONGCHAO) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » ZHONGCHAO Inc (NAS:ZCMD) » Definitions » Change In Inventory

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Address

841 Yan’An Middle Road, Nanxi Creative Center, Suite 218, Jing’An District, Shanghai, CHN, 200040

Website

https://www.mdmooc.org

ZHONGCHAO Inc is a Cayman Islands-based provider of healthcare information, education, and training services. It provides services to healthcare professionals and the public in China. It offers online and onsite health information services, healthcare education programs, and healthcare training products, consisting of clinical practice training, open classes of popular medical topics, interactive case studies, academic conferences and workshops, continuing education courses, and articles and short videos with educational healthcare content.