Shandong Liancheng Precision Manufacturing Co (SZSE:002921) Inventories, Work In Process : ¥29 Mil (As of Dec. 2023)

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What is Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co's work in process for the quarter that ended in Dec. 2023 was ¥29 Mil.

Shandong Liancheng Precision Manufacturing Co Inventories, Work In Process Historical Data

The historical data trend for Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co Inventories, Work In Process Chart

Shandong Liancheng Precision Manufacturing Co Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Inventories, Work In Process

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29.44

23.38

59.07

58.28

28.61

Shandong Liancheng Precision Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventories, Work In Process	Get a 7-Day Free Trial															58.28	-	34.62	-	28.61

Shandong Liancheng Precision Manufacturing 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 Liancheng Precision Manufacturing Co (SZSE:002921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Liancheng Precision Manufacturing Co Ltd (SZSE:002921) » Definitions » Inventories, Work In Process

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Chuangye Road, Economic Development Zone, Yanzhou, CHN, 272100

Website

http://www.lmc-ind.com

Shandong Liancheng Precision Manufacturing Co Ltd is a China-based company, engages in the development, design, production, and sales of precision castings, such as high-strength ductile iron and aluminum alloy castings. Its main products are automobile pump shell, frame, flange, damping wheel/ring, oil pump shell and others. Its products are used in passenger cars, commercial vehicles, diesel engines, construction machinery, commercial compressors, hydraulic machinery and other industries or fields.

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