MMG (HKSE:01208) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is MMG Change In Inventory?

MMG's change in inventory for the quarter that ended in Dec. 2023 was HK$0 Mil. It means MMG's inventory stayed the same from Jun. 2023 to Dec. 2023 .

MMG's change in inventory for the fiscal year that ended in Dec. 2023 was HK$3,829 Mil. It means MMG's inventory declined by HK$3,829 Mil from Dec. 2022 to Dec. 2023 .

MMG's Total Inventories for the quarter that ended in Dec. 2023 was HK$3,042 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MMG's Days Inventory for the quarter that ended in Dec. 2023 was 57.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. MMG's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.15.

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. MMG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

MMG Change In Inventory Historical Data

The historical data trend for MMG'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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MMG Change In Inventory Chart

MMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1,484.15

-2,428.27

3,829.15

MMG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

MMG 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.

MMG (HKSE:01208) Change In Inventory Explanation

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

MMG's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4355.721	/	13740.562	*	365 / 2
	=	57.85

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

MMG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13740.562	/	4355.721
	=	3.15

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.

MMG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4355.721	/	19136.353
	=	0.23

MMG Change In Inventory Related Terms

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MMG (HKSE:01208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MMG Ltd (HKSE:01208) » Definitions » Change In Inventory

Comparable Companies

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MMLTF:USA OMS1:Germany

Address

79 Chatham Road South, Unit 1208, 12th Floor, China Minmetals Tower, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.mmg.com

MMG Ltd is engaged in the exploration, development, and mining of zinc, copper, gold, silver, and lead deposits around the world. The group has five reportable operating segments namely Dugald River, Kinsevere, Rosebery, Las Bambas, and others. Las Bambas mine is an open-pit, scalable, long-life copper and molybdenum mining operation; Kinsevere is an open-pit copper mining operation located in the Haut-Katanga Province; Dugald River mine is an underground zinc mining operation located near Cloncurry in North West Queensland; Rosebery is an underground polymetallic base metal mining operation located on Tasmania's west coast; and Other Includes corporate entities in the Group. The majority is from the Las Bambas segment. The key revenue by metal is derived from Copper.

Executives

Ai Bang Qi Ye You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Wu Kuang Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Wu Kuang You Se Jin Shu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Kuang You Se Jin Shu Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you

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