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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Inventory Turnover : 20.15 (As of Dec. 2023)


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What is Meihua International Medical Technologies Co 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. Meihua International Medical Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $32.88 Mil. Meihua International Medical Technologies Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.63 Mil. Meihua International Medical Technologies Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 20.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meihua International Medical Technologies Co's Days Inventory for the six months ended in Dec. 2023 was 9.06.

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. Meihua International Medical Technologies Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.


Meihua International Medical Technologies Co Inventory Turnover Historical Data

The historical data trend for Meihua International Medical Technologies Co'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.

* Premium members only.

Meihua International Medical Technologies Co Inventory Turnover Chart

Meihua International Medical Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
46.26 44.15 49.85 54.99 46.66

Meihua International Medical Technologies Co Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 26.77 27.72 26.99 22.40 20.15

Meihua International Medical Technologies Co Inventory Turnover Calculation

Meihua International Medical Technologies Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=63.901 / ((1.122 + 1.617) / 2 )
=63.901 / 1.3695
=46.66

Meihua International Medical Technologies Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=32.881 / ((1.647 + 1.617) / 2 )
=32.881 / 1.632
=20.15

* 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.


Meihua International Medical Technologies Co  (NAS:MHUA) 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.

Meihua International Medical Technologies Co'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
=1.632/32.881*365 / 2
=9.06

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.

Meihua International Medical Technologies Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=1.632 / 48.909
=0.03

* 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.


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.


Meihua International Medical Technologies Co Inventory Turnover Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Traded in Other Exchanges
N/A
Address
88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000
Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.

Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Headlines

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