Mingxin New Material Co (SHSE:605068) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Mingxin New Material Co Change In Inventory?

Mingxin New Material Co's change in inventory for the quarter that ended in Sep. 2024 was ¥0 Mil. It means Mingxin New Material Co's inventory stayed the same from Jun. 2024 to Sep. 2024 .

Mingxin New Material Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-76 Mil. It means Mingxin New Material Co's inventory increased by ¥76 Mil from Dec. 2022 to Dec. 2023 .

Mingxin New Material Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥825 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mingxin New Material Co's Days Inventory for the quarter that ended in Sep. 2024 was 326.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mingxin New Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.28.

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. Mingxin New Material Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.69.

Mingxin New Material Co Change In Inventory Historical Data

The historical data trend for Mingxin New Material 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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Mingxin New Material Co Change In Inventory Chart

Mingxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-11.42

-222.13

-168.61

-70.42

-76.33

Mingxin New Material Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Mingxin New Material 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Mingxin New Material Co (SHSE:605068) Change In Inventory Explanation

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

Mingxin New Material 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
	=	839.095	/	234.812	*	365 / 4
	=	326.08

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

Mingxin New Material Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	234.812	/	839.095
	=	0.28

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.

Mingxin New Material Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	839.095	/	311.5
	=	2.69

Mingxin New Material Co Change In Inventory Related Terms

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Mingxin New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mingxin New Material Co Ltd (SHSE:605068) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.mingxinleather.com

Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.

Executives

Liu Xian Jun	Directors, senior managers
Zhao Cheng Jin	senior management
Xu Xing Chun	Director
Shen Dan	senior management
Lv Qing Qing	senior management
Zhuang Jun Xin	Director
Yu Hai Jie	Director

Mingxin New Material Co Headlines

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