Guangdong Mingyang Electric Co (SZSE:301291) Change In Inventory : ¥0 Mil (TTM As of Sep. 2024)

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What is Guangdong Mingyang Electric Co Change In Inventory?

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

Guangdong Mingyang Electric Co's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-445 Mil. It means Guangdong Mingyang Electric Co's inventory increased by ¥445 Mil from Dec. 2022 to Dec. 2023 .

Guangdong Mingyang Electric Co's Total Inventories for the quarter that ended in Sep. 2024 was ¥1,243 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Guangdong Mingyang Electric Co's Days Inventory for the quarter that ended in Sep. 2024 was 83.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Guangdong Mingyang Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.09.

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. Guangdong Mingyang Electric Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.71.

Guangdong Mingyang Electric Co Change In Inventory Historical Data

The historical data trend for Guangdong Mingyang Electric 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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Guangdong Mingyang Electric Co Change In Inventory Chart

Guangdong Mingyang Electric Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-105.42

-155.85

-105.25

-212.66

-445.35

Guangdong Mingyang Electric Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Guangdong Mingyang Electric 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.

Guangdong Mingyang Electric Co (SZSE:301291) Change In Inventory Explanation

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

Guangdong Mingyang Electric 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
	=	1144.7265	/	1249.805	*	365 / 4
	=	83.58

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

Guangdong Mingyang Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1249.805	/	1144.7265
	=	1.09

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.

Guangdong Mingyang Electric Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1144.7265	/	1617.428
	=	0.71

Guangdong Mingyang Electric Co Change In Inventory Related Terms

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Guangdong Mingyang Electric Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 1 Xingye West Road, Hengmen, Nanlang Town, Guangdong, Zhongshan, CHN, 528451

Website

http://www.mingyang.com.cn

Guangdong Mingyang Electric Co Ltd is engaged in research & development, production and sales of power transmission and distribution and control equipment in the fields of new energy and new infrastructure. The company mainly focuses on intelligent transformers, prefabricated transformers and intelligent switchgear. It is committed to becoming a leading provider of intelligent power distribution equipment.

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