MingYang Smart Energy Group (SHSE:601615) Change In Inventory : ¥0 Mil (TTM As of Sep. 2023)

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What is MingYang Smart Energy Group Change In Inventory?

MingYang Smart Energy Group's change in inventory for the quarter that ended in Sep. 2023 was ¥0 Mil. It means MingYang Smart Energy Group's inventory stayed the same from Jun. 2023 to Sep. 2023 .

MingYang Smart Energy Group's change in inventory for the fiscal year that ended in Dec. 2022 was ¥1,548 Mil. It means MingYang Smart Energy Group's inventory declined by ¥1,548 Mil from Dec. 2021 to Dec. 2022 .

MingYang Smart Energy Group's Total Inventories for the quarter that ended in Sep. 2023 was ¥12,609 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MingYang Smart Energy Group's Days Inventory for the quarter that ended in Sep. 2023 was 125.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. MingYang Smart Energy Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.73.

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. MingYang Smart Energy Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.19.

MingYang Smart Energy Group Change In Inventory Historical Data

The historical data trend for MingYang Smart Energy Group'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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MingYang Smart Energy Group Change In Inventory Chart

MingYang Smart Energy Group Annual Data

Trend

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Dec22

Change In Inventory

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241.08

-1,074.17

-5,653.74

-1,204.50

1,548.37

MingYang Smart Energy Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

MingYang Smart Energy Group 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

MingYang Smart Energy Group (SHSE:601615) Change In Inventory Explanation

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

MingYang Smart Energy Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12402.3425	/	9028.679	*	365 / 4
	=	125.35

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

MingYang Smart Energy Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9028.679	/	12402.3425
	=	0.73

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.

MingYang Smart Energy Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12402.3425	/	10398.612
	=	1.19

MingYang Smart Energy Group Change In Inventory Related Terms

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MingYang Smart Energy Group (SHSE:601615) Business Description

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MYSE:UK

Address

Mingyang Industrial Park, No. 22, Huoju Avenue, Zhongshan Torch High-tech Industrial Development Zone, Zhongshan, Guangdong, CHN, 528400

Website

http://www.mywind.com.cn

Ming Yang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is primarily divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.

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