Rare Earth Magnesium Technology Group Holdings (STU:GPS) Inventory-to-Revenue : 0.83 (As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings 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. Rare Earth Magnesium Technology Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €15.72 Mil. Rare Earth Magnesium Technology Group Holdings's Revenue for the six months ended in Dec. 2023 was €18.84 Mil. Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (1.76) to Jun. 2023 (0.83)

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. Rare Earth Magnesium Technology Group Holdings's Days Inventory for the six months ended in Dec. 2023 was 115.91.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rare Earth Magnesium Technology Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.57.

Rare Earth Magnesium Technology Group Holdings Inventory-to-Revenue Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue 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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Rare Earth Magnesium Technology Group Holdings Inventory-to-Revenue Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.11

0.33

0.58

0.51

0.57

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															1.02	0.84	1.34	1.76	0.83

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group Holdings'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.

Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue falls into.

Rare Earth Magnesium Technology Group Holdings Inventory-to-Revenue Calculation

Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (23.314	+	12.139)	/	2 )	/	30.938
=	17.7265					/	30.938
=	0.57

Rare Earth Magnesium Technology Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (19.291	+	12.139)	/	2 )	/	18.844
=	15.715					/	18.844
=	0.83

Rare Earth Magnesium Technology Group Holdings (STU:GPS) 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:

More Related Terms:

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

Rare Earth Magnesium Technology Group Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	15.715	/	24.743	*	365 / 2
	=	115.91

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

Rare Earth Magnesium Technology Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	24.743	/	15.715
	=	1.57

Rare Earth Magnesium Technology Group Holdings Inventory-to-Revenue Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (STU:GPS) » Definitions » Inventory-to-Revenue

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00601:Hong Kong

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.