Maike Tube Industry Holdings (HKSE:01553) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is Maike Tube Industry Holdings Change In Inventory?

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

Maike Tube Industry Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$-38 Mil. It means Maike Tube Industry Holdings's inventory increased by HK$38 Mil from Dec. 2022 to Dec. 2023 .

Maike Tube Industry Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$306 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maike Tube Industry Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 58.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Maike Tube Industry Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.12.

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. Maike Tube Industry Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Maike Tube Industry Holdings Change In Inventory Historical Data

The historical data trend for Maike Tube Industry Holdings'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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Maike Tube Industry Holdings Change In Inventory Chart

Maike Tube Industry Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-19.36

-20.94

-96.84

45.84

-37.67

Maike Tube Industry Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial								-	-	-	-	-

Maike Tube Industry Holdings 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.

Maike Tube Industry Holdings (HKSE:01553) Change In Inventory Explanation

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

Maike Tube Industry Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	324.3235	/	1010.828	*	365 / 2
	=	58.56

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

Maike Tube Industry Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1010.828	/	324.3235
	=	3.12

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.

Maike Tube Industry Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	324.3235	/	1226.745
	=	0.26

Maike Tube Industry Holdings Change In Inventory Related Terms

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Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400

Website

http://www.mechpipingtech.com

Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.

Executives

Zhang Jing Ru	2202 Interest of your spouse
Zhao Pu	2101 Beneficial owner
Kong Linglei	2201 Interest of corporation controlled by you
Ying Stone Holdings Limited	2101 Beneficial owner
Tong Chuang Sheng De Limited	2101 Beneficial owner
Tong Chuang Xing De Limited	2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si	2101 Beneficial owner

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