GSP Automotive Group Wenzhou Co (SHSE:605088) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is GSP Automotive Group Wenzhou Co Change In Inventory?

GSP Automotive Group Wenzhou Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means GSP Automotive Group Wenzhou Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

GSP Automotive Group Wenzhou Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥51 Mil. It means GSP Automotive Group Wenzhou Co's inventory declined by ¥51 Mil from Dec. 2022 to Dec. 2023 .

GSP Automotive Group Wenzhou Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥605 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GSP Automotive Group Wenzhou Co's Days Inventory for the quarter that ended in Mar. 2024 was 95.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. GSP Automotive Group Wenzhou Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

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. GSP Automotive Group Wenzhou Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

GSP Automotive Group Wenzhou Co Change In Inventory Historical Data

The historical data trend for GSP Automotive Group Wenzhou 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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GSP Automotive Group Wenzhou Co Change In Inventory Chart

GSP Automotive Group Wenzhou Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-35.27

-74.80

-201.13

-18.68

50.56

GSP Automotive Group Wenzhou Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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GSP Automotive Group Wenzhou 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.

GSP Automotive Group Wenzhou Co (SHSE:605088) Change In Inventory Explanation

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

GSP Automotive Group Wenzhou 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
	=	582.261	/	554.236	*	365 / 4
	=	95.86

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

GSP Automotive Group Wenzhou Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	554.236	/	582.261
	=	0.95

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.

GSP Automotive Group Wenzhou Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	582.261	/	752.968
	=	0.77

GSP Automotive Group Wenzhou Co Change In Inventory Related Terms

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GSP Automotive Group Wenzhou Co (SHSE:605088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GSP Automotive Group Wenzhou Co Ltd (SHSE:605088) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 1, Gaoxiang Road,, Ouhai High-tech Industrial Park, Zhejiang Province, Wenzhou, CHN, 325006

Website

http://www.gsp.cn

GSP Automotive Group Wenzhou Co Ltd is engaged in the research, development, production and sales of automotive transmission system components. The company produces drive shafts, constant velocity joint kits, hub assemblies wheel bearings and rubber-to-metal components. Its product categories include Drive Shaft; CV Joint; Boot Kits; Hub Assembly; Wheel Bearing; Rubber Mounting; and Steering and Suspension.

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