Min Aik Technology Co (TPE:3060) Change In Inventory : NT$462 Mil (TTM As of Dec. 2023)

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What is Min Aik Technology Co Change In Inventory?

Min Aik Technology Co's change in inventory for the quarter that ended in Dec. 2023 was NT$-18 Mil. It means Min Aik Technology Co's inventory increased by NT$18 Mil from Sep. 2023 to Dec. 2023 .

Min Aik Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$462 Mil. It means Min Aik Technology Co's inventory declined by NT$462 Mil from Dec. 2022 to Dec. 2023 .

Min Aik Technology Co's Total Inventories for the quarter that ended in Dec. 2023 was NT$805 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Min Aik Technology Co's Days Inventory for the quarter that ended in Dec. 2023 was 110.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Min Aik Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

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. Min Aik Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.07.

Min Aik Technology Co Change In Inventory Historical Data

The historical data trend for Min Aik Technology 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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Min Aik Technology Co Change In Inventory Chart

Min Aik Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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353.10

413.00

-444.62

-216.50

461.84

Min Aik Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															161.83	163.09	149.05	167.75	-18.05

Min Aik Technology 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$462 Mil.

Min Aik Technology Co (TPE:3060) Change In Inventory Explanation

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

Min Aik Technology 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
	=	825.977	/	679.283	*	365 / 4
	=	110.96

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

Min Aik Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	679.283	/	825.977
	=	0.82

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.

Min Aik Technology Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	825.977	/	774.268
	=	1.07

Min Aik Technology Co Change In Inventory Related Terms

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Min Aik Technology Co (TPE:3060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Min Aik Technology Co Ltd (TPE:3060) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Wanshou Road, 10th Floor-1, No.492-1, Section 1, Guishan District, Taoyuan, TWN

Website

https://www.minaik.com.tw

Min Aik Technology Co Ltd is a hard disk drive component manufacturer. Its product offerings comprise hard disk drive components, consumer electronic products, precision component and assembly, plastic injection, smart meter accessories and components. Its operating segments are EMS (Electronics Manufacturing Service), which is the key revenue driver, includes designing and manufacturing consumer electronics end products; Automatic Equipment Service segment includes designing and manufacturing automatic machinery for industrial use; and Commerce Service segment includes trading business. The company's geographical segments include Thailand, Singapore, China, Taiwan, the United States, and Others.

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