TAL Education Group (TAL Education Group) Days Inventory : 32.80 (As of Nov. 2023)

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What is TAL Education Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TAL Education Group's Average Total Inventories for the three months ended in Nov. 2023 was $62 Mil. TAL Education Group's Cost of Goods Sold for the three months ended in Nov. 2023 was $173 Mil. Hence, TAL Education Group's Days Inventory for the three months ended in Nov. 2023 was 32.80.

The historical rank and industry rank for TAL Education Group's Days Inventory or its related term are showing as below:

TAL' s Days Inventory Range Over the Past 10 Years
Min: 0.65 Med: 1.86 Max: 30.11
Current: 30.11

During the past 13 years, TAL Education Group's highest Days Inventory was 30.11. The lowest was 0.65. And the median was 1.86.

TAL's Days Inventory is ranked worse than
76.58% of 158 companies
in the Education industry
Industry Median: 8.645 vs TAL: 30.11

TAL Education Group's Days Inventory increased from Nov. 2022 (27.04) to Nov. 2023 (32.80). It might indicate that TAL Education Group's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. TAL Education Group's Inventory Turnover for the three months ended in Nov. 2023 was 2.78.

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. TAL Education Group's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.17.

TAL Education Group Days Inventory Historical Data

The historical data trend for TAL Education Group's Days 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.
* 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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TAL Education Group Days Inventory Chart

TAL Education Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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2.04

4.17

5.75

5.01

25.44

TAL Education Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															27.04	24.72	31.65	33.21	32.80

Competitive Comparison of TAL Education Group's Days Inventory

For the Education & Training Services subindustry, TAL Education Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TAL Education Group's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, TAL Education Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where TAL Education Group's Days Inventory falls into.

TAL Education Group Days Inventory Calculation

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

TAL Education Group's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (21.83	+	39.002)	/	2 )	/	436.358	*	365
=	30.416					/	436.358	*	365
=	25.44

TAL Education Group's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (65.504	+	59.013)	/	2 )	/	173.18	*	365 / 4
=	62.2585					/	173.18	*	365 / 4
=	32.80

TAL Education Group (NYSE:TAL) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

TAL Education Group's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	173.18	/	62.2585
	=	2.78

2. 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.

TAL Education Group's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	62.2585	/	373.506
	=	0.17

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

TAL Education Group Days Inventory Related Terms

Thank you for viewing the detailed overview of TAL Education Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

TAL Education Group (TAL Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » TAL Education Group (NYSE:TAL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TAL:Mexico 0A2X:UK IZZ:Germany IZZ:Germany T1AL34:Brazil

Address

Xiaoying West Street, 5th Floor, Tower B, Heying Center, Haidian District, Beijing, CHN, 100085

Website

http://www.100tal.com

TAL Education Group is a smart learning solutions provider in China. K-9 academic afterschool tutoring used to account for the majority of TAL's revenue before the regulatory changes in 2021 that imposed a nonprofit requirement on the business. After spinning off its K-9 academic afterschool tutoring business, TAL realigned its focus toward enrichment learning, content solutions, and learning technology solutions.