Shandong Molong Petroleum Machinery Co (HKSE:00568) Inventories, Work In Process : HK$78.0 Mil (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery Co Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Shandong Molong Petroleum Machinery Co's work in process for the quarter that ended in Dec. 2023 was HK$78.0 Mil.

Shandong Molong Petroleum Machinery Co Inventories, Work In Process Historical Data

The historical data trend for Shandong Molong Petroleum Machinery Co's Inventories, Work In Process 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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Shandong Molong Petroleum Machinery Co Inventories, Work In Process Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

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Dec23

Inventories, Work In Process

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179.66

126.25

104.21

175.95

78.04

Shandong Molong Petroleum Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventories, Work In Process	Get a 7-Day Free Trial															-	103.68	-	78.04	-

Shandong Molong Petroleum Machinery Co Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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