Zhejiang Double Arrow Rubber Co (SZSE:002381) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Zhejiang Double Arrow Rubber Co Change In Inventory?

Zhejiang Double Arrow Rubber Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Zhejiang Double Arrow Rubber Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Zhejiang Double Arrow Rubber Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥9 Mil. It means Zhejiang Double Arrow Rubber Co's inventory declined by ¥9 Mil from Dec. 2022 to Dec. 2023 .

Zhejiang Double Arrow Rubber Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥554 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zhejiang Double Arrow Rubber Co's Days Inventory for the quarter that ended in Mar. 2024 was 108.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zhejiang Double Arrow Rubber Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

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. Zhejiang Double Arrow Rubber Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Zhejiang Double Arrow Rubber Co Change In Inventory Historical Data

The historical data trend for Zhejiang Double Arrow Rubber 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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Zhejiang Double Arrow Rubber Co Change In Inventory Chart

Zhejiang Double Arrow Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-16.99

-19.14

-118.78

-76.25

9.50

Zhejiang Double Arrow Rubber 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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Zhejiang Double Arrow Rubber 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.

Zhejiang Double Arrow Rubber Co (SZSE:002381) Change In Inventory Explanation

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

Zhejiang Double Arrow Rubber 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
	=	513.6495	/	433.387	*	365 / 4
	=	108.15

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

Zhejiang Double Arrow Rubber Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	433.387	/	513.6495
	=	0.84

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.

Zhejiang Double Arrow Rubber Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	513.6495	/	544.122
	=	0.94

Zhejiang Double Arrow Rubber Co Change In Inventory Related Terms

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Zhejiang Double Arrow Rubber Co (SZSE:002381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Double Arrow Rubber Co Ltd (SZSE:002381) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Zhou Quan town Industrial Zone, Tongxiang, Zhejiang, CHN, 314513

Website

http://www.doublearrow.net

Zhejiang Double Arrow Rubber Co Ltd is engaged as manufacturer of conveyor belts. The types of conveyor belts manufactured by company are acid and alkali resistant, high temperature resistant, flame retardant, oil resistant, heat resistant, tear resistant, puncture resistant, cold resistant, energy saving, and aramid.

Executives

Shen Kai Fei	Directors, executives
Shen Geng Liang	Director
Lang Hong Feng	Executives
Yan Hong Bin	Supervisors
Shen Hui Min	Directors, executives
Yu Ming Song	Director
Shen Lin Quan	Director
Lu Xin Hui	Supervisors
Shen Hong Fa	Directors, executives
Yu Bing Ren	Supervisors
Shen Hong Ming	Supervisors
Chen Bai Song	Directors, executives
Wu Jian Qin	Directors, executives
Yu Bing Ying	Executives
Xu Zhong Wei	Securities Affairs Representative

Zhejiang Double Arrow Rubber Co (SZSE:002381) Headlines

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