MGI Tech Co (SHSE:688114) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is MGI Tech Co Change In Inventory?

MGI Tech Co's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means MGI Tech Co's inventory stayed the same from Dec. 2023 to Mar. 2024 .

MGI Tech Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-129 Mil. It means MGI Tech Co's inventory increased by ¥129 Mil from Dec. 2022 to Dec. 2023 .

MGI Tech Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,153 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGI Tech Co's Days Inventory for the quarter that ended in Mar. 2024 was 576.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. MGI Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.16.

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. MGI Tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.22.

MGI Tech Co Change In Inventory Historical Data

The historical data trend for MGI Tech 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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MGI Tech Co Change In Inventory Chart

MGI Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-28.05

-649.96

-112.44

-426.39

-128.76

MGI Tech Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial													-	-	-	-	-

MGI Tech 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

MGI Tech Co (SHSE:688114) Change In Inventory Explanation

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

MGI Tech 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
	=	1179.7395	/	186.801	*	365 / 4
	=	576.29

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

MGI Tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	186.801	/	1179.7395
	=	0.16

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.

MGI Tech Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1179.7395	/	530.736
	=	2.22

MGI Tech Co Change In Inventory Related Terms

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MGI Tech Co (SHSE:688114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MGI Tech Co Ltd (SHSE:688114) » Definitions » Change In Inventory

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Address

Beishan Industrial Zone, 2nd Floor, Comprehensive Building and Building 11, Yantian District, Guangdong Province, Shenzhen, CHN, 518083

Website

http://www.mgi-tech.com

MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare and other relevant industries.

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