Rare Earth Magnesium Technology Group Holdings (HKSE:00601) Inventories, Work In Process : HK$0.0 Mil (As of Dec. 2023)

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What is Rare Earth Magnesium Technology Group Holdings Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Rare Earth Magnesium Technology Group Holdings's work in process for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

Rare Earth Magnesium Technology Group Holdings Inventories, Work In Process Historical Data

The historical data trend for Rare Earth Magnesium Technology Group Holdings's Inventories, Work In Process 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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Rare Earth Magnesium Technology Group Holdings Inventories, Work In Process Chart

Rare Earth Magnesium Technology Group Holdings Annual Data

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Inventories, Work In Process

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1.25

0.66

Rare Earth Magnesium Technology Group Holdings Semi-Annual Data
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Rare Earth Magnesium Technology Group Holdings Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Rare Earth Magnesium Technology Group Holdings (HKSE:00601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rare Earth Magnesium Technology Group Holdings Ltd (HKSE:00601) » Definitions » Inventories, Work In Process

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Traded in Other Exchanges

N/A

Address

The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG

Website

http://www.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.

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