Mingxin New Material Co (SHSE:605068) Inventory Turnover : 0.27 (As of Mar. 2025)

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What is Mingxin New Material 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. Mingxin New Material Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥215 Mil. Mingxin New Material Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥783 Mil. Mingxin New Material Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mingxin New Material Co's Days Inventory for the three months ended in Mar. 2025 was 332.98.

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. Mingxin New Material Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 2.78.

Mingxin New Material Co Inventory Turnover Historical Data

The historical data trend for Mingxin New Material 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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Mingxin New Material Co Inventory Turnover Chart

Mingxin New Material Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.35

1.01

0.97

1.02

1.31

Mingxin New Material 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															0.22	0.21	0.28	0.47	0.27

Mingxin New Material Co Inventory Turnover Calculation

Mingxin New Material 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 )
=	937.643	/ (	(688.933	+	743.065)	/	2 )
=	937.643	/	715.999
=	1.31

Mingxin New Material 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 )
=	214.675	/ (	(743.065	+	823.684)	/	2 )
=	214.675	/	783.3745
=	0.27

Mingxin New Material Co (SHSE:605068) 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.

Mingxin New Material 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
	=	783.3745	/	214.675	*	365 / 4
	=	332.98

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.

Mingxin New Material 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 )
	=	783.3745	/	281.526
	=	2.78

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.

Mingxin New Material Co Inventory Turnover Related Terms

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Mingxin New Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mingxin New Material Co Ltd (SHSE:605068) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Mingxin Road, No. 188, Daqiao Town, Nanhu District, Zhejiang Province, Jiaxing, CHN, 314006

Website

http://www.mingxinleather.com

Mingxin New Material Co Ltd is engaged in development, production and sales of automotive leather. The company's product is automotive interior leather, which is mainly used in automotive interior products such as seats, steering wheels, instrument panels, door panels and other high-end passenger cars.

Executives

Liu Xian Jun	Directors, senior managers
Zhao Cheng Jin	senior management
Xu Xing Chun	Director
Shen Dan	senior management
Lv Qing Qing	senior management
Zhuang Jun Xin	Director
Yu Hai Jie	Director

Mingxin New Material Co Headlines

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