CITIC Heavy Industries Co (SHSE:601608) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is CITIC Heavy Industries Co Change In Inventory?

CITIC Heavy Industries Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means CITIC Heavy Industries Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

CITIC Heavy Industries Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥303 Mil. It means CITIC Heavy Industries Co's inventory declined by ¥303 Mil from Dec. 2022 to Dec. 2023 .

CITIC Heavy Industries Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥4,418 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CITIC Heavy Industries Co's Days Inventory for the quarter that ended in Mar. 2024 was 228.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. CITIC Heavy Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

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. CITIC Heavy Industries Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.06.

CITIC Heavy Industries Co Change In Inventory Historical Data

The historical data trend for CITIC Heavy Industries Co'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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CITIC Heavy Industries Co Change In Inventory Chart

CITIC Heavy Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-673.46

-350.13

-605.13

617.74

302.78

CITIC Heavy Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

CITIC Heavy Industries Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

CITIC Heavy Industries Co (SHSE:601608) Change In Inventory Explanation

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

CITIC Heavy Industries Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4495.192	/	1795.004	*	365 / 4
	=	228.52

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

CITIC Heavy Industries Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1795.004	/	4495.192
	=	0.40

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.

CITIC Heavy Industries Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4495.192	/	2177.169
	=	2.06

CITIC Heavy Industries Co Change In Inventory Related Terms

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CITIC Heavy Industries Co (SHSE:601608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CITIC Heavy Industries Co Ltd (SHSE:601608) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

206 Jianshe Road, Henan Province, Luoyang, CHN, 471039

Website

http://www.citic-hic.com

CITIC Heavy Industries Co Ltd manufactures and distributes large-scale equipment, large complete sets of technical equipment, large castings and forging. Its products include building materials, mining, metallurgy and environmental protection equipment. Geographically, it operates through China, however, its products are sold in both China and internationally.

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