GreenTree Hospitality Group (GreenTree Hospitality Group) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is GreenTree Hospitality Group Change In Inventory?

GreenTree Hospitality Group's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means GreenTree Hospitality Group's inventory stayed the same from Sep. 2023 to Dec. 2023 .

GreenTree Hospitality Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.7 Mil. It means GreenTree Hospitality Group's inventory declined by $0.7 Mil from Dec. 2022 to Dec. 2023 .

GreenTree Hospitality Group's Total Inventories for the quarter that ended in Dec. 2023 was $2.9 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GreenTree Hospitality Group's Days Inventory for the quarter that ended in Dec. 2023 was 10.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. GreenTree Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.07.

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. GreenTree Hospitality Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

GreenTree Hospitality Group Change In Inventory Historical Data

The historical data trend for GreenTree Hospitality Group'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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GreenTree Hospitality Group Change In Inventory Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.05

-0.20

1.48

1.52

0.67

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

GreenTree Hospitality Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

GreenTree Hospitality Group (NYSE:GHG) Change In Inventory Explanation

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

GreenTree Hospitality Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3.2685	/	29.634	*	365 / 4
	=	10.06

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

GreenTree Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.634	/	3.2685
	=	9.07

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.

GreenTree Hospitality Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.2685	/	52.122
	=	0.06

GreenTree Hospitality Group Change In Inventory Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » Change In Inventory

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GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.