Rare Earth Magnesium Technology Group Holdings (STU:GPS) Change In Inventory : €9.82 Mil (TTM As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Change In Inventory?

Rare Earth Magnesium Technology Group Holdings's change in inventory for the quarter that ended in Dec. 2023 was €7.27 Mil. It means Rare Earth Magnesium Technology Group Holdings's inventory declined by €7.27 Mil from Jun. 2023 to Dec. 2023 .

Rare Earth Magnesium Technology Group Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was €9.81 Mil. It means Rare Earth Magnesium Technology Group Holdings's inventory declined by €9.81 Mil from Dec. 2022 to Dec. 2023 .

Rare Earth Magnesium Technology Group Holdings's Total Inventories for the quarter that ended in Dec. 2023 was €12.14 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rare Earth Magnesium Technology Group Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 115.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rare Earth Magnesium Technology Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

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. Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Rare Earth Magnesium Technology Group Holdings Change In Inventory Historical Data

The historical data trend for Rare Earth Magnesium Technology 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.

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Rare Earth Magnesium Technology Group Holdings Change In Inventory Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-5.14

-8.85

4.34

0.67

9.81

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															2.58	1.19	-0.53	2.54	7.27

Rare Earth Magnesium Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €9.82 Mil.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Change In Inventory Explanation

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

Rare Earth Magnesium Technology 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
	=	15.715	/	24.743	*	365 / 2
	=	115.91

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

Rare Earth Magnesium Technology Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	24.743	/	15.715
	=	1.57

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.

Rare Earth Magnesium Technology Group Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	15.715	/	18.844
	=	0.83

Rare Earth Magnesium Technology Group Holdings Change In Inventory Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.