Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Change In Inventory : ¥0.0 Mil (TTM As of Mar. 2024)

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What is Hubei Guochuang Hi-Tech Material Co Change In Inventory?

Hubei Guochuang Hi-Tech Material Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0.0 Mil. It means Hubei Guochuang Hi-Tech Material Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Hubei Guochuang Hi-Tech Material Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-22.2 Mil. It means Hubei Guochuang Hi-Tech Material Co's inventory increased by ¥22.2 Mil from Dec. 2022 to Dec. 2023 .

Hubei Guochuang Hi-Tech Material Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥84.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubei Guochuang Hi-Tech Material Co's Days Inventory for the quarter that ended in Mar. 2024 was 78.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hubei Guochuang Hi-Tech Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

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. Hubei Guochuang Hi-Tech Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Hubei Guochuang Hi-Tech Material Co Change In Inventory Historical Data

The historical data trend for Hubei Guochuang Hi-Tech Material 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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Hubei Guochuang Hi-Tech Material Co Change In Inventory Chart

Hubei Guochuang Hi-Tech Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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9.49

-6.61

3.06

17.03

-22.25

Hubei Guochuang Hi-Tech Material 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															-	-	-	-	-

Hubei Guochuang Hi-Tech Material 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 ¥0.0 Mil.

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Change In Inventory Explanation

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

Hubei Guochuang Hi-Tech Material 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
	=	67.4065	/	78.598	*	365 / 4
	=	78.26

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

Hubei Guochuang Hi-Tech Material Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	78.598	/	67.4065
	=	1.17

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.

Hubei Guochuang Hi-Tech Material Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	67.4065	/	80.819
	=	0.83

Hubei Guochuang Hi-Tech Material Co Change In Inventory Related Terms

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Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hubei Guochuang Hi-Tech Material Co Ltd (SZSE:002377) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 8, Wudayuan 3rd Road, Donghu New Technology Development Zone, Hubei, Wuhan, CHN, 430223

Website

http://www.guochuang.com.cn

Hubei Guochuang Hi-Tech Material Co Ltd is a China-based company specializing in the research, design, production, and sales of modified asphalt, emulsified asphalt and other road materials and equipment. The materials are used for highways, electronic information, bioengineering, environmental engineering technology development and application, undertake modified asphalt road pavement projects, import and export of goods, and technology import and export. The product portfolio of the company includes modified asphalt, colored asphalt, cement asphalt mortar, and other products.

Executives

Peng Ya Chao	Directors, Directors, and Executives
Lv Hua Sheng	Directors, executives
Meng Jun Mei	Executives
Li Mou Yu	Executives
Ji Yong Hai	Executives
He Bin	Supervisors
Zhang Jing Jing	Supervisors
Wu Xin Mu	Independent director
Peng Bin	Directors, executives
Qian Jing	Directors, executives
Hao Li Qun	Director
Gao Tao	Directors, executives
Yin Shi Ming	Executives
Gao Qing Shou	Director
Hu Ling	Executives

Hubei Guochuang Hi-Tech Material Co (SZSE:002377) Headlines

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