MIE Holdings (HKSE:01555) Total Inventories : HK$32 Mil (As of Jun. 2024)

View and export this data going back to 2010. Start your Free Trial

What is MIE Holdings Total Inventories?

MIE Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$32 Mil. MIE Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$33 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MIE Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$-1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MIE Holdings's Days Inventory for the six months ended in Jun. 2024 was 19.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. MIE Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 9.29.

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. MIE Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.07.

MIE Holdings Total Inventories Historical Data

The historical data trend for MIE Holdings's Total Inventories 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.

MIE Holdings Total Inventories Chart

MIE Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

18.22

24.50

23.84

18.30

33.29

MIE Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial															30.24	18.30	35.78	33.29	32.47

MIE Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

MIE Holdings (HKSE:01555) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

MIE Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(81.91	+	0.75 * 87.096	+	0.5 * 32.465	-	3923.556
-	0	-	0)	/	3386.53
=	-1.11

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

MIE Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	32.8795	/	305.579	*	365 / 2
	=	19.64

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

MIE Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	305.579	/	32.8795
	=	9.29

4. 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.

MIE Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	32.8795	/	496.597
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

MIE Holdings Total Inventories Related Terms

Thank you for viewing the detailed overview of MIE Holdings's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

MIE Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MIE Holdings Corp (HKSE:01555) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Star East Road, North Star Times Tower No.8, Room 1301-1303, Chaoyang, Beijing, CHN, 100101

Website

http://www.mienergy.com.cn

MIE Holdings Corp is an investment holding company. It is principally engaged in the exploration, development, production, and sale of crude oil in the People's Republic of China. There is only one segment which is principally engaged in the exploration, development, production, and sale of oil under PSCs in the PRC. It has the following oil and gas properties: two producing production oil sharing contracts in northeast China; participating interests in an exploration contract and six production contracts in Kazakhstan held by Emir-Oil. The majority of the company's revenue comes from China.

Executives

Ohc Opportunity Investment Limited	2201 Interest of corporation controlled by you
Soochow Securities (international) Financial Holdings Limited	2201 Interest of corporation controlled by you
Billion Capital Shine Inc.	2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited	2201 Interest of corporation controlled by you
China Orient Asset Management Co., Ltd.	2201 Interest of corporation controlled by you
Dong Yin Development (holdings) Limited	2201 Interest of corporation controlled by you
Wise Leader Assets Ltd.	2201 Interest of corporation controlled by you
Orient Energy Opportunity Investment Limited Partnership Fund	2106 Person having a security interest in shares
Excel Link Capital Inc.	2201 Interest of corporation controlled by you
Far East Energy Limited	2401 A concert party to an agreement to buy shares
Zhao Jiangbo	2401 A concert party to an agreement to buy shares
Zhang Ruilin	2401 A concert party to an agreement to buy shares
Zhao Jiangwei	2101 Beneficial owner
Celestial Energy Limited
Ho Chi Sing

MIE Holdings Headlines

No Headlines