Mehow Innovative (SZSE:301363) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Mehow Innovative Change In Inventory?

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

Mehow Innovative's change in inventory for the fiscal year that ended in Dec. 2023 was ¥51 Mil. It means Mehow Innovative's inventory declined by ¥51 Mil from Dec. 2022 to Dec. 2023 .

Mehow Innovative's Total Inventories for the quarter that ended in Mar. 2024 was ¥347 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mehow Innovative's Days Inventory for the quarter that ended in Mar. 2024 was 189.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mehow Innovative's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

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. Mehow Innovative's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.28.

Mehow Innovative Change In Inventory Historical Data

The historical data trend for Mehow Innovative'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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Mehow Innovative Change In Inventory Chart

Mehow Innovative Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-34.23

-17.49

-188.72

-120.56

51.28

Mehow Innovative Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial											-	-	-	-	-

Mehow Innovative 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.

Mehow Innovative (SZSE:301363) Change In Inventory Explanation

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

Mehow Innovative's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	360.7715	/	173.752	*	365 / 4
	=	189.47

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

Mehow Innovative's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	173.752	/	360.7715
	=	0.48

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.

Mehow Innovative's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	360.7715	/	281.551
	=	1.28

Mehow Innovative Change In Inventory Related Terms

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Mehow Innovative (SZSE:301363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mehow Innovative Ltd (SZSE:301363) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Baolong Sixth Road, Baolong Street, 101, 201, 401, 101, 201, 401, Building A, Xinzhongqiao Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518116

Website

https://www.mehow.com

Mehow Innovative Ltd is engaged in the design, development, manufacture and sales of precision components and products for medical devices.

Executives

Tan Jing Xia

Secretary Dong

Mehow Innovative (SZSE:301363) Headlines

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