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TAL Education Group (NYSE:XRS)
Days Inventory
0.74 (As of May. 2016)

TAL Education Group's average inventory for the three months ended in May. 2016 was $0.8 Mil. TAL Education Group's cost of goods sold for the three months ended in May. 2016 was $100.5 Mil. Hence, TAL Education Group's days inventory for the three months ended in May. 2016 was 0.74.

XRS' s Days Inventory Range Over the Past 10 Years
Min: 0.02   Max: 1
Current: 0.57

0.02
1

During the past 8 years, TAL Education Group's highest Days Inventory was 1.00. The lowest was 0.02. And the median was 0.67.

XRS's Days Inventory is ranked higher than
91% of the 87 Companies
in the Global Education & Training Services industry.

( Industry Median: 8.29 vs. XRS: 0.57 )

TAL Education Group's days inventory increased from May. 2015 (0.62) to May. 2016 (0.74). It might indicate that TAL Education Group's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). TAL Education Group's days sales of inventory (DSI) for the three months ended in May. 2016 was 0.38.

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 May. 2016 was 123.07.

Inventory to revenue ratio 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 ratio for the three months ended in May. 2016 was 0.00.


Definition

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. 2016 is calculated as

Days Inventory (A: Feb. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Feb. 2015 ) + Inventory (A: Feb. 2016 )) / 2 ) / COGS (A: Feb. 2016 )*Days in Period
=( (0.544 + 0.6) / 2 ) / 303.635*365
=0.572 / 303.635*365
=0.69

TAL Education Group's Days Inventory for the quarter that ended in May. 2016 is calculated as:

Days Inventory (Q: May. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Feb. 2016 ) + Inventory (Q: May. 2016 )) / 2 ) / COGS (Q: May. 2016 )*Days in Period
=( (0.6 + 1.033) / 2 ) / 100.487*365 / 4
=0.8165 / 100.487*365 / 4
=0.74

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

TAL Education Group's Days Sales of Inventory for the three months ended in May. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=0.8165/195.095*365 / 4
=0.38

2. 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 May. 2016 is calculated as

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.

TAL Education Group's Inventory to Revenue for the three months ended in May. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=0.8165 / 195.095
=0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

TAL Education Group Annual Data

Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16
DaysInventory 0.000.000.020.600.780.651.000.710.650.69

TAL Education Group Quarterly Data

Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16May16
DaysInventory 0.390.370.330.470.630.620.390.470.490.74
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