Migao Group Holdings (HKSE:09879) Change In Inventory : HK$0 Mil (TTM As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Migao Group Holdings Change In Inventory?

Migao Group Holdings's change in inventory for the quarter that ended in Sep. 2024 was HK$0 Mil. It means Migao Group Holdings's inventory stayed the same from Mar. 2024 to Sep. 2024 .

Migao Group Holdings's change in inventory for the fiscal year that ended in Mar. 2024 was HK$-283 Mil. It means Migao Group Holdings's inventory increased by HK$283 Mil from Mar. 2023 to Mar. 2024 .

Migao Group Holdings's Total Inventories for the quarter that ended in Sep. 2024 was HK$360 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Migao Group Holdings's Days Inventory for the quarter that ended in Sep. 2024 was 36.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Migao Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 5.04.

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. Migao Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.18.

Migao Group Holdings Change In Inventory Historical Data

The historical data trend for Migao Group 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.

* Premium members only.

Migao Group Holdings Change In Inventory Chart

Migao Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Change In Inventory

-81.99

-644.44

712.18

-282.98

Migao Group Holdings Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Change In Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Migao Group 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

Migao Group Holdings (HKSE:09879) Change In Inventory Explanation

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

Migao Group 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
	=	424.213	/	2140.054	*	365 / 2
	=	36.18

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

Migao Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2140.054	/	424.213
	=	5.04

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.

Migao Group Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	424.213	/	2343.271
	=	0.18

Migao Group Holdings Change In Inventory Related Terms

Thank you for viewing the detailed overview of Migao Group Holdings's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Migao Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Migao Group Holdings Ltd (HKSE:09879) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qingzhou Development Zone, East Park, Cangjiang Industrial Park, Gaoming District, Foshan, CHN

Website

https://www.migaogroup.com

Migao Group Holdings Ltd is a national potash fertilizer company in China with sourcing and procurement, processing, and manufacturing. It sells various potash fertilizer products, including KCL, SOP, NOP, and compound fertilizers. Geographically, the company generates a majority of its revenue from its business in the People's Republic of China.

Executives

Liu Guocai	2201 Interest of corporation controlled by you
Migao Holding Limited	2101 Beneficial owner
Migao International Holding Limited	2201 Interest of corporation controlled by you

Migao Group Holdings Headlines

No Headlines