MGIH (Millennium Group International Holdings) Total Inventories : $3.72 Mil (As of Jun. 2024)

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What is Millennium Group International Holdings Total Inventories?

Millennium Group International Holdings's total inventories for the quarter that ended in Jun. 2024 was $3.72 Mil. Millennium Group International Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was $4.43 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Millennium Group International Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millennium Group International Holdings's Days Inventory for the six months ended in Jun. 2024 was 64.18.

Inventory Turnover measures how fast the company turns over its inventory within a year. Millennium Group International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.84.

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. Millennium Group International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.30.

Millennium Group International Holdings Total Inventories Historical Data

The historical data trend for Millennium Group International 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.

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Millennium Group International Holdings Total Inventories Chart

Millennium Group International Holdings Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Total Inventories

9.70

9.82

5.56

3.72

Millennium Group International Holdings Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial			9.82	6.22	5.56	5.15	3.72

Millennium Group International 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.

Millennium Group International Holdings (NAS:MGIH) 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.

Millennium Group International 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)
=	(13.347	+	0.75 * 9.463	+	0.5 * 3.715	-	12.591
-	0	-	0)	/	11.250
=	0.86

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

Millennium Group International 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
	=	4.4325	/	12.605	*	365 / 2
	=	64.18

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

Millennium Group International 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 )
	=	12.605	/	4.4325
	=	2.84

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.

Millennium Group International 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 )
	=	4.4325	/	14.72
	=	0.30

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.

Millennium Group International Holdings Total Inventories Related Terms

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Millennium Group International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Millennium Group International Holdings Ltd (NAS:MGIH) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077

Website

https://www.millennium-gp.com

Millennium Group International Holdings Ltd is a paper-based packaging solutions supplier. It offers paper-based inner and outer packaging products which can be broadly categorized into packaging products, Packaging products supply chain management solutions and corrugated products.

Millennium Group International Holdings Headlines

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