China Mengniu Dairy Co (China Mengniu Dairy Co) Change In Inventory : $0 Mil (TTM As of Jun. 2023)

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What is China Mengniu Dairy Co Change In Inventory?

China Mengniu Dairy Co's change in inventory for the quarter that ended in Jun. 2023 was $0 Mil. It means China Mengniu Dairy Co's inventory stayed the same from Dec. 2022 to Jun. 2023 .

China Mengniu Dairy Co's change in inventory for the fiscal year that ended in Dec. 2022 was $-166 Mil. It means China Mengniu Dairy Co's inventory increased by $166 Mil from Dec. 2021 to Dec. 2022 .

China Mengniu Dairy Co's Total Inventories for the quarter that ended in Jun. 2023 was $933 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Mengniu Dairy Co's Days Inventory for the quarter that ended in Jun. 2023 was 43.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Mengniu Dairy Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.20.

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. China Mengniu Dairy Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.15.

China Mengniu Dairy Co Change In Inventory Historical Data

The historical data trend for China Mengniu Dairy 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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China Mengniu Dairy Co Change In Inventory Chart

China Mengniu Dairy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-257.87

-78.77

-96.65

-166.08

China Mengniu Dairy Co 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															-	-	-	-	-

China Mengniu Dairy 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

China Mengniu Dairy Co (OTCPK:CIADF) Change In Inventory Explanation

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

China Mengniu Dairy 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
	=	1045.7115	/	4396.945	*	365 / 2
	=	43.40

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

China Mengniu Dairy Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4396.945	/	1045.7115
	=	4.20

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.

China Mengniu Dairy Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1045.7115	/	7138.063
	=	0.15

China Mengniu Dairy Co Change In Inventory Related Terms

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China Mengniu Dairy Co (China Mengniu Dairy Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Mengniu Dairy Co Ltd (OTCPK:CIADF) » Definitions » Change In Inventory

Traded in Other Exchanges

CIADY:USA 02319:Hong Kong EZQ:Germany

Address

262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, HKG

Website

https://www.mengniuir.com

China Mengniu Dairy, or Mengniu, is China's second-largest dairy producer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 80% of Mengniu's revenue in 2022. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy as well as Milkground, a cheese brand.

China Mengniu Dairy Co (China Mengniu Dairy Co) Headlines

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