MTEN (Mingteng International) Change In Inventory : $-0.02 Mil (TTM As of Jun. 2024)

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What is Mingteng International Change In Inventory?

Mingteng International's change in inventory for the quarter that ended in Jun. 2024 was $-0.12 Mil. It means Mingteng International's inventory increased by $0.12 Mil from Dec. 2023 to Jun. 2024 .

Mingteng International's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.17 Mil. It means Mingteng International's inventory increased by $0.17 Mil from Dec. 2022 to Dec. 2023 .

Mingteng International's Total Inventories for the quarter that ended in Jun. 2024 was $1.33 Mil.

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 quarter that ended in Jun. 2024 was 77.69.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mingteng International's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.35.

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 quarter that ended in Jun. 2024 was 0.27.

Mingteng International Change In Inventory Historical Data

The historical data trend for Mingteng International'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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Mingteng International Change In Inventory Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.55

-0.09

0.20

-0.17

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial			0.29	-0.10	-0.28	0.10	-0.12

Mingteng International 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.02 Mil.

Mingteng International (NAS:MTEN) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.2745	/	2.994	*	365 / 2
	=	77.69

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

Mingteng International's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.994	/	1.2745
	=	2.35

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.

Mingteng International's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.2745	/	4.646
	=	0.27

Mingteng International Change In Inventory Related Terms

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Mingteng International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

https://ir.wxmtmj.cn

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.