Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Change In Inventory : $-0.53 Mil (TTM As of Dec. 2023)

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What is Meihua International Medical Technologies Co Change In Inventory?

Meihua International Medical Technologies Co's change in inventory for the quarter that ended in Dec. 2023 was $0.08 Mil. It means Meihua International Medical Technologies Co's inventory declined by $0.08 Mil from Jun. 2023 to Dec. 2023 .

Meihua International Medical Technologies Co's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.53 Mil. It means Meihua International Medical Technologies Co's inventory increased by $0.53 Mil from Dec. 2022 to Dec. 2023 .

Meihua International Medical Technologies Co's Total Inventories for the quarter that ended in Dec. 2023 was $1.62 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meihua International Medical Technologies Co's Days Inventory for the quarter that ended in Dec. 2023 was 9.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meihua International Medical Technologies Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 20.15.

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. Meihua International Medical Technologies Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Meihua International Medical Technologies Co Change In Inventory Historical Data

The historical data trend for Meihua International Medical Technologies Co's Change In Inventory 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.
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Meihua International Medical Technologies Co Change In Inventory Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.80

-0.22

0.11

0.04

-0.53

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial				0.07	-0.01	0.04	-0.61	0.08

Meihua International Medical Technologies Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.53 Mil.

Meihua International Medical Technologies Co (NAS:MHUA) Change In Inventory Explanation

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

Meihua International Medical Technologies Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.632	/	32.881	*	365 / 2
	=	9.06

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

Meihua International Medical Technologies Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	32.881	/	1.632
	=	20.15

3. 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.

Meihua International Medical Technologies Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.632	/	48.909
	=	0.03

Meihua International Medical Technologies Co Change In Inventory Related Terms

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Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.