Minmetals Development Co (SHSE:600058) Inventory Turnover : 3.92 (As of Mar. 2025)

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What is Minmetals Development 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. Minmetals Development Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥11,910 Mil. Minmetals Development Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥3,040 Mil. Minmetals Development Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 3.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minmetals Development Co's Days Inventory for the three months ended in Mar. 2025 was 23.29.

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. Minmetals Development Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.25.

Minmetals Development Co Inventory Turnover Historical Data

The historical data trend for Minmetals Development 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.

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Minmetals Development Co Inventory Turnover Chart

Minmetals Development Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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18.17

20.42

20.15

24.56

24.55

Minmetals Development Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															3.03	3.45	3.37	4.12	3.92

Minmetals Development Co Inventory Turnover Calculation

Minmetals Development Co'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 )
=	65042.498	/ (	(2746.128	+	2552.186)	/	2 )
=	65042.498	/	2649.157
=	24.55

Minmetals Development Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	11909.8	/ (	(2552.186	+	3527.644)	/	2 )
=	11909.8	/	3039.915
=	3.92

Minmetals Development Co (SHSE:600058) 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.

Minmetals Development Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	3039.915	/	11909.8	*	365 / 4
	=	23.29

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.

Minmetals Development Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	3039.915	/	12357.404
	=	0.25

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.

Minmetals Development Co Inventory Turnover Related Terms

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Minmetals Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minmetals Development Co Ltd (SHSE:600058) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Building B, No. 5 Sanlihe Road, Haiding District, Beijing, CHN, 100044

Website

http://www.minlist.com.cn

Minmetals Development Co Ltd is a steel distribution service provider. The activities of the company include the supply of metallurgical raw materials which includes iron ore, coal, coke, and pig iron, steel trading, processing and distribution, and logistics services.

Executives

Zong Qing Sheng	Director
Xu Qiang	senior management
Ren Jian Hua	senior management
Chen Shao Rong	senior management
Feng Gui Quan	senior management
Cui Qing Lian	senior management
Yao Zi Ping	Director
Zhang Yuan Rong	Director
Yu Min	Supervisors
Zhou Zhong Shu	Director
Lu Shao Bo	Supervisors
Gao Yong	senior management
Wang Zhong Liang	senior management

Minmetals Development Co Headlines

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