What is Weigang Environmental Technology Holding Group Inventory-to-Revenue?
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. Weigang Environmental Technology Holding Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$13.6 Mil. Weigang Environmental Technology Holding Group's Revenue for the
six
months ended in Dec. 2023 was HK$182.4 Mil.
Weigang Environmental Technology Holding Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Weigang Environmental Technology Holding Group's Days Inventory for the
six
months ended in Dec. 2023 was 16.91.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Weigang Environmental Technology Holding Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.79.
Weigang Environmental Technology Holding Group Inventory-to-Revenue Historical Data
* 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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Weigang Environmental Technology Holding Group Inventory-to-Revenue Chart
Weigang Environmental Technology Holding Group Annual Data
Competitive Comparison of Weigang Environmental Technology Holding Group's Inventory-to-Revenue
For the Waste Management subindustry, Weigang Environmental Technology Holding Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Weigang Environmental Technology Holding Group's Inventory-to-Revenue Distribution in the Waste Management Industry
* The bar in red indicates where Weigang Environmental Technology Holding Group's Inventory-to-Revenue falls into.
Weigang Environmental Technology Holding Group Inventory-to-Revenue Calculation
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.
* 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.
Weigang Environmental Technology Holding Group (HKSE:01845) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Weigang Environmental Technology Holding Group's Days Inventory for the
six
months ended in Dec. 2023 is calculated as:
* 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.
Weigang Environmental Technology Holding Group Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Weigang Environmental Technology Holding Group's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Weigang Environmental Technology Holding Group (HKSE:01845) Business Description
Weigang Environmental Technology Holding Group Ltd is a comprehensive hazardous waste incineration turnkey solution provider in China. The company focuses on the research, design, integration, and commissioning of solid waste treatment systems, for hazardous waste incineration. It has registered patents and has pending registration in the PRC relating to hazardous waste incineration technologies and also owns registered software copyrights in the PRC relating to the monitoring and control of hazardous waste incineration systems. The operating segments of the group are hazardous waste incineration solutions, oilfield auxiliary services and thermal desorption of oil sludge, cement plant parallel kiln cotreatment services and pyrolysis solid waste treatment solutions.
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