MingZhu Logistics Holdings (MingZhu Logistics Holdings) Change In Inventory : $0.0 Mil (TTM As of Jun. 2023)

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What is MingZhu Logistics Holdings Change In Inventory?

MingZhu Logistics Holdings's change in inventory for the quarter that ended in Jun. 2023 was $0.0 Mil. It means MingZhu Logistics Holdings's inventory stayed the same from Dec. 2022 to Jun. 2023 .

MingZhu Logistics Holdings's change in inventory for the fiscal year that ended in Dec. 2022 was $0.0 Mil. It means MingZhu Logistics Holdings's inventory stayed the same from Dec. 2021 to Dec. 2022 .

MingZhu Logistics Holdings's Total Inventories for the quarter that ended in Jun. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MingZhu Logistics Holdings's Days Inventory for the quarter that ended in Jun. 2023 was 0.00.

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

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. MingZhu Logistics Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

MingZhu Logistics Holdings Change In Inventory Historical Data

The historical data trend for MingZhu Logistics Holdings'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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MingZhu Logistics Holdings Change In Inventory Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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0.17

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Inventory	Get a 7-Day Free Trial						-0.08	0.08	-	-	-

MingZhu Logistics Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.0 Mil.

MingZhu Logistics Holdings (NAS:YGMZ) Change In Inventory Explanation

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

MingZhu Logistics Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0	/	54.438	*	365 / 2
	=	0.00

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

MingZhu Logistics Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	54.438	/	0
	=	N/A

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.

MingZhu Logistics Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	56.091
	=	0.00

MingZhu Logistics Holdings Change In Inventory Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Change In Inventory

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Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.