Mingfa Group (International) Co (HKSE:00846) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is Mingfa Group (International) Co Change In Inventory?

Mingfa Group (International) Co's change in inventory for the quarter that ended in Dec. 2023 was HK$0 Mil. It means Mingfa Group (International) Co's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Mingfa Group (International) Co's change in inventory for the fiscal year that ended in Dec. 2023 was HK$520 Mil. It means Mingfa Group (International) Co's inventory declined by HK$520 Mil from Dec. 2022 to Dec. 2023 .

Mingfa Group (International) Co's Total Inventories for the quarter that ended in Dec. 2023 was HK$20,607 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mingfa Group (International) Co's Days Inventory for the quarter that ended in Dec. 2023 was 921.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mingfa Group (International) Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.20.

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. Mingfa Group (International) Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.81.

Mingfa Group (International) Co Change In Inventory Historical Data

The historical data trend for Mingfa Group (International) 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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Mingfa Group (International) Co Change In Inventory Chart

Mingfa Group (International) Co Annual Data

Trend

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Dec23

Change In Inventory

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-847.88

99.36

4,057.29

2,852.60

520.42

Mingfa Group (International) Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Mingfa Group (International) 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Mingfa Group (International) Co (HKSE:00846) Change In Inventory Explanation

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

Mingfa Group (International) 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
	=	21132.118	/	4183.526	*	365 / 2
	=	921.86

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

Mingfa Group (International) Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4183.526	/	21132.118
	=	0.20

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.

Mingfa Group (International) Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21132.118	/	4390.179
	=	4.81

Mingfa Group (International) Co Change In Inventory Related Terms

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Mingfa Group (International) Co (HKSE:00846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mingfa Group (International) Co Ltd (HKSE:00846) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 88 Pudong North Road, Jiangsu Mingfa Business Park, Pukou, Jiangsu Province, Nanjing, CHN

Website

https://www.ming-fa.com

Mingfa Group (International) Co Ltd is an investment holding company. The company's operating segment includes property development, hotel, property investment and management, and others. Property Development segment is engaged in real estate development and is further subdivided into commercial and residential. The Hotel segment is engaged in a hotel operation. Its Property investment and management segment invests in properties for their rental income potential and/or for capital appreciation, and provides management and security services to residential, hotel and commercial properties. The company generates maximum revenue from the property development segment. Geographically, it derives revenue from PRC.

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