Miracle Automation Engineering Co (SZSE:002009) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Miracle Automation Engineering Co Change In Inventory?

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

Miracle Automation Engineering Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥403 Mil. It means Miracle Automation Engineering Co's inventory declined by ¥403 Mil from Dec. 2022 to Dec. 2023 .

Miracle Automation Engineering Co's Total Inventories for the quarter that ended in Mar. 2024 was ¥778 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miracle Automation Engineering Co's Days Inventory for the quarter that ended in Mar. 2024 was 125.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Miracle Automation Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

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. Miracle Automation Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.16.

Miracle Automation Engineering Co Change In Inventory Historical Data

The historical data trend for Miracle Automation Engineering 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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Miracle Automation Engineering Co Change In Inventory Chart

Miracle Automation Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-71.41

45.84

-231.25

-298.75

403.35

Miracle Automation Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Miracle Automation Engineering 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.

Miracle Automation Engineering Co (SZSE:002009) Change In Inventory Explanation

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

Miracle Automation Engineering 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
	=	753.9555	/	546.506	*	365 / 4
	=	125.89

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

Miracle Automation Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	546.506	/	753.9555
	=	0.72

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.

Miracle Automation Engineering Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	753.9555	/	649.545
	=	1.16

Miracle Automation Engineering Co Change In Inventory Related Terms

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Miracle Automation Engineering Co (SZSE:002009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co (SZSE:002009) Headlines

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