Shenzhen Minglida Precision Technology Co (SZSE:301268) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Shenzhen Minglida Precision Technology Co Change In Inventory?

Shenzhen Minglida Precision Technology Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Shenzhen Minglida Precision Technology Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Shenzhen Minglida Precision Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-75 Mil. It means Shenzhen Minglida Precision Technology Co's inventory increased by ¥75 Mil from Dec. 2022 to Dec. 2023 .

Shenzhen Minglida Precision Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥821 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shenzhen Minglida Precision Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 149.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shenzhen Minglida Precision Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.61.

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. Shenzhen Minglida Precision Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.46.

Shenzhen Minglida Precision Technology Co Change In Inventory Historical Data

The historical data trend for Shenzhen Minglida Precision Technology 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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Shenzhen Minglida Precision Technology Co Change In Inventory Chart

Shenzhen Minglida Precision Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-28.89

1.20

-162.14

-401.25

-74.69

Shenzhen Minglida Precision Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Shenzhen Minglida Precision Technology 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.

Shenzhen Minglida Precision Technology Co (SZSE:301268) Change In Inventory Explanation

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

Shenzhen Minglida Precision Technology 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
	=	812.0415	/	495.349	*	365 / 4
	=	149.59

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

Shenzhen Minglida Precision Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	495.349	/	812.0415
	=	0.61

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.

Shenzhen Minglida Precision Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	812.0415	/	555.277
	=	1.46

Shenzhen Minglida Precision Technology Co Change In Inventory Related Terms

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Shenzhen Minglida Precision Technology Co (SZSE:301268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Minglida Precision Technology Co Ltd (SZSE:301268) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 13 Langshan Road, Xili Street, 4th Floor, Research Building, Tsinghua Information Port, West of South Gate, Songpingshan Community, Nanshan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.minglidagroup.com

Shenzhen Minglida Precision Technology Co Ltd is engaged in the design, research and development, production and sales of precision structural parts and molds.

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