Mingteng International (Mingteng International) Total Inventories : $1.22 Mil (As of Dec. 2023)

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What is Mingteng International Total Inventories?

Mingteng International's total inventories for the quarter that ended in Dec. 2023 was $1.22 Mil. Mingteng International's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $1.25 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Mingteng International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mingteng International's Days Inventory for the six months ended in Dec. 2023 was 82.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mingteng International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.20.

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. Mingteng International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Mingteng International Total Inventories Historical Data

The historical data trend for Mingteng International'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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Mingteng International Total Inventories Chart

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Inventories

1.25

1.37

1.06

1.22

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial			1.37	1.01	1.06	1.29	1.22

Mingteng International 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.

Mingteng International (NAS:MTEN) 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.

Mingteng International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.056	+	0.75 * 3.518	+	0.5 * 1.217	-	3.267
-	0	-	0)	/	6.05
=	0.17

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

Mingteng International's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.2535	/	2.762	*	365 / 2
	=	82.83

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

Mingteng International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2.762	/	1.2535
	=	2.20

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.

Mingteng International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.2535	/	4.522
	=	0.28

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.

Mingteng International Total Inventories Related Terms

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Mingteng International (Mingteng International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International (Mingteng International) Headlines

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