What is Henan Mingtai Al Industrial Co Inventory-to-Revenue?
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. Henan Mingtai Al Industrial Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥4,362 Mil. Henan Mingtai Al Industrial Co's Revenue for the
three
months ended in Mar. 2024 was ¥7,185 Mil.
Henan Mingtai Al Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.
Henan Mingtai Al Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.62) to Dec. 2023 (0.61)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Henan Mingtai Al Industrial Co's Days Inventory for the
three
months ended in Mar. 2024 was 62.26.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Henan Mingtai Al Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.47.
Henan Mingtai Al Industrial Co Inventory-to-Revenue Historical Data
* 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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Henan Mingtai Al Industrial Co Inventory-to-Revenue Chart
Competitive Comparison of Henan Mingtai Al Industrial Co's Inventory-to-Revenue
For the Aluminum subindustry, Henan Mingtai Al Industrial Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Henan Mingtai Al Industrial Co's Inventory-to-Revenue Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Henan Mingtai Al Industrial Co's Inventory-to-Revenue falls into.
Henan Mingtai Al Industrial Co Inventory-to-Revenue Calculation
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.
* 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.
Henan Mingtai Al Industrial Co (SHSE:601677) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Henan Mingtai Al Industrial Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Henan Mingtai Al Industrial Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Henan Mingtai Al Industrial Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Henan Mingtai Al Industrial Co (SHSE:601677) Business Description
Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.
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