Minth Group (HKSE:00425) Inventory Turnover : 1.93 (As of Dec. 2024)

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What is Minth Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Minth Group's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$9,097 Mil. Minth Group's Average Total Inventories for the quarter that ended in Dec. 2024 was HK$4,722 Mil. Minth Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minth Group's Days Inventory for the six months ended in Dec. 2024 was 94.74.

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. Minth Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.37.

Minth Group Inventory Turnover Historical Data

The historical data trend for Minth Group's Inventory Turnover 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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Minth Group Inventory Turnover Chart

Minth Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.00

3.73

3.64

3.87

3.77

Minth Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.03	1.99	2.06	1.93	1.93

Minth Group Inventory Turnover Calculation

Minth Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	17562.195	/ (	(4355.647	+	4955.003)	/	2 )
=	17562.195	/	4655.325
=	3.77

Minth Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	9096.86	/ (	(4489.811	+	4955.003)	/	2 )
=	9096.86	/	4722.407
=	1.93

Minth Group (HKSE:00425) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Minth Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	4722.407	/	9096.86	*	365 / 2
	=	94.74

2. 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.

Minth Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	4722.407	/	12872.611
	=	0.37

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Minth Group Inventory Turnover Related Terms

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Minth Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minth Group Ltd (HKSE:00425) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MNTHY:USA M3I:Germany

Address

No. 1 Yazhong Road, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

https://www.minthgroup.com

Minth Group Ltd is an investment holding company with its subsidiaries engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. It operates in five segments: Aluminium, Plastic, Battery housing, Metal & Trim, and Others. Some of its products consist of trims, decorative parts, body-structural parts, seat frame systems, roof racks, and others. Its geographical operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, Mexico, the United Kingdom, the Republic of Korea, France, Czech, Canada, and Poland. Geographically the company generates the majority of its revenue from PRC.

Executives

Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Invesco Asset Management Limited	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Chin Wei Ching-lien	2101 Beneficial owner
Mitsubishi Ufj Financial Group, Inc.	2201 Interest of corporation controlled by you
Matthews International Capital Management, Llc	2102 Investment manager
Minth Holdings Limited	2201 Interest of corporation controlled by you
Chin Jong-hwa	2201 Interest of corporation controlled by you

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