Recon Technology (FRA:HRC) Change In Inventory : €-0.31 Mil (TTM As of Jun. 2023)

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What is Recon Technology Change In Inventory?

Recon Technology's change in inventory for the quarter that ended in Jun. 2023 was €-0.16 Mil. It means Recon Technology's inventory increased by €0.16 Mil from Dec. 2022 to Jun. 2023 .

Recon Technology's change in inventory for the fiscal year that ended in Jun. 2023 was €-0.31 Mil. It means Recon Technology's inventory increased by €0.31 Mil from Jun. 2022 to Jun. 2023 .

Recon Technology's Total Inventories for the quarter that ended in Jun. 2023 was €0.82 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Recon Technology's Days Inventory for the quarter that ended in Jun. 2023 was 66.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Recon Technology's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.75.

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. Recon Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.27.

Recon Technology Change In Inventory Historical Data

The historical data trend for Recon Technology'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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Recon Technology Change In Inventory Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Inventory

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-0.15

-0.14

-0.32

-0.10

-0.31

Recon Technology 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															-0.22	-0.18	0.09	-0.16	-0.16

Recon Technology 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 €-0.31 Mil.

Recon Technology (FRA:HRC) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.7425	/	2.039	*	365 / 2
	=	66.46

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.039	/	0.7425
	=	2.75

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7425	/	2.778
	=	0.27

Recon Technology Change In Inventory Related Terms

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Recon Technology (FRA:HRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (FRA:HRC) » Definitions » Change In Inventory

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RCON:USA

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.