Wecome Intelligent Manufacturing Co (SHSE:603070) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Wecome Intelligent Manufacturing Co Change In Inventory?

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

Wecome Intelligent Manufacturing Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-10 Mil. It means Wecome Intelligent Manufacturing Co's inventory increased by ¥10 Mil from Dec. 2022 to Dec. 2023 .

Wecome Intelligent Manufacturing Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥241 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wecome Intelligent Manufacturing Co's Days Inventory for the quarter that ended in Mar. 2024 was 63.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wecome Intelligent Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.44.

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. Wecome Intelligent Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Wecome Intelligent Manufacturing Co Change In Inventory Historical Data

The historical data trend for Wecome Intelligent Manufacturing 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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Wecome Intelligent Manufacturing Co Change In Inventory Chart

Wecome Intelligent Manufacturing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.11

-19.02

-69.28

44.93

-10.50

Wecome Intelligent Manufacturing Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Wecome Intelligent Manufacturing 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.

Wecome Intelligent Manufacturing Co (SHSE:603070) Change In Inventory Explanation

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

Wecome Intelligent Manufacturing 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
	=	238.979	/	345.289	*	365 / 4
	=	63.16

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

Wecome Intelligent Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	345.289	/	238.979
	=	1.44

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.

Wecome Intelligent Manufacturing Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	238.979	/	433.875
	=	0.55

Wecome Intelligent Manufacturing Co Change In Inventory Related Terms

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Wecome Intelligent Manufacturing Co (SHSE:603070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wecome Intelligent Manufacturing Co Ltd (SHSE:603070) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Wenzhou Bridge Industrial Park, Wankong Intelligent Manufacturing Building, Beibaixiang Town, Zhejiang Province, Yueqing, CHN, 325600

Website

http://www.wecome.com.cn

Wecome Intelligent Manufacturing Co Ltd is engaged in the research and development, production and sales of distribution switch control equipment.

Executives

Hu Jie Mei	senior management
Zheng Jian Feng	senior management

Wecome Intelligent Manufacturing Co (SHSE:603070) Headlines

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