Hongli Group (Hongli Group) Change In Inventory : $0.19 Mil (TTM As of Dec. 2023)

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What is Hongli Group Change In Inventory?

Hongli Group's change in inventory for the quarter that ended in Dec. 2023 was $0.52 Mil. It means Hongli Group's inventory declined by $0.52 Mil from Jun. 2023 to Dec. 2023 .

Hongli Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.19 Mil. It means Hongli Group's inventory declined by $0.19 Mil from Dec. 2022 to Dec. 2023 .

Hongli Group's Total Inventories for the quarter that ended in Dec. 2023 was $2.35 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hongli Group's Days Inventory for the quarter that ended in Dec. 2023 was 96.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hongli Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.90.

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. Hongli Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Hongli Group Change In Inventory Historical Data

The historical data trend for Hongli 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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Hongli Group Change In Inventory Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.19

-0.45

-1.46

0.13

0.19

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial				-0.80	0.06	0.07	-0.33	0.52

Hongli 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 semi-annually data reported by the company within the most recent 12 months, which was $0.19 Mil.

Hongli Group (NAS:HLP) Change In Inventory Explanation

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

Hongli 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
	=	2.576	/	4.883	*	365 / 2
	=	96.28

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.883	/	2.576
	=	1.90

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.576	/	7.083
	=	0.36

Hongli Group Change In Inventory Related Terms

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Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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