Mingteng International (Mingteng International) Days Inventory : 82.83 (As of Dec. 2023)

Mingteng International Days Inventory Chart

Competitive Comparison of Mingteng International's Days Inventory

For the Metal Fabrication subindustry, Mingteng International's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Mingteng International's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mingteng International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mingteng International's Days Inventory falls into.

Mingteng International Days Inventory Calculation

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

Mingteng International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Mingteng International's Days Inventory for the quarter that 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.

Mingteng International  (NAS:MTEN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Mingteng International's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

2. 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.

Mingteng International's Inventory to Revenue 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.

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Mingteng International Days Inventory Related Terms

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Mingteng International (Mingteng International) Business Description