Henan Mingtai Al Industrial Co (SHSE:601677) Inventory Turnover : 1.50 (As of Mar. 2025)

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What is Henan Mingtai Al Industrial 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. Henan Mingtai Al Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥7,585 Mil. Henan Mingtai Al Industrial Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥5,052 Mil. Henan Mingtai Al Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.50.

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. 2025 was 60.78.

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 Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.62.

Henan Mingtai Al Industrial Co Inventory Turnover Historical Data

The historical data trend for Henan Mingtai Al Industrial 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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Henan Mingtai Al Industrial Co Inventory Turnover Chart

Henan Mingtai Al Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.56

7.05

6.61

5.98

6.61

Henan Mingtai Al Industrial 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															1.47	1.45	1.50	1.83	1.50

Henan Mingtai Al Industrial Co Inventory Turnover Calculation

Henan Mingtai Al Industrial 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 )
=	30075.875	/ (	(4139.918	+	4963.628)	/	2 )
=	30075.875	/	4551.773
=	6.61

Henan Mingtai Al Industrial 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 )
=	7585.101	/ (	(4963.628	+	5141.32)	/	2 )
=	7585.101	/	5052.474
=	1.50

Henan Mingtai Al Industrial Co (SHSE:601677) 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.

Henan Mingtai Al Industrial 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
	=	5052.474	/	7585.101	*	365 / 4
	=	60.78

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.

Henan Mingtai Al Industrial 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 )
	=	5052.474	/	8124.306
	=	0.62

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.

Henan Mingtai Al Industrial Co Inventory Turnover Related Terms

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Henan Mingtai Al Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Henan Mingtai Al Industrial Co Ltd (SHSE:601677) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Huiguo Town Development Zone, Henan Province, Gongyi, CHN, 451283

Website

http://hnmtybk.cnal.com/profile.shtml

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.

Executives

Wang Li Jiao	senior management
Lei Peng	senior management
Hua Xin Min	Director
Sun Jun Xun	senior management
Sun Hui Peng	Supervisors
Liu Jie	Directors, senior managers
He Zhi Gang	senior management
Du You Dong	Director
Hao Ming Xia	senior management
Li Hao Jie	Supervisors
Lei Jing Guo	Director
Ma Yue Ping	Supervisors

Henan Mingtai Al Industrial Co Headlines

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