TAL Education Group (TAL Education Group) Total Inventories

: $59 Mil (As of Nov. 2023)

View and export this data going back to 2010. Start your Free Trial

TAL Education Group's total inventories for the quarter that ended in Nov. 2023 was $59 Mil. TAL Education Group's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was $62 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TAL Education Group's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was $3.17.

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 three months ended in Nov. 2023 was 32.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. TAL Education Group's Inventory Turnover for the quarter that 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 quarter that ended in Nov. 2023 was 0.17.

TAL Education Group Total Inventories Historical Data

The historical data trend for TAL Education Group'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.

* Premium members only.

TAL Education Group Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

7.75

25.83

38.68

21.83

39.00

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
Total Inventories																30.18	39.00	57.79	65.50	59.01

TAL Education Group 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.

TAL Education Group (NYSE:TAL) 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.

TAL Education Group's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3167.598	+	0.75 * 0	+	0.5 * 59.013	-	1314.902
-	0	-	-23.374)	/	600.465
=	3.17

2. 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 three months ended in Nov. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	173.18	/	62.2585
	=	2.78

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	62.2585	/	373.506
	=	0.17

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.

TAL Education Group Total Inventories Related Terms

Thank you for viewing the detailed overview of TAL Education Group's Total Inventories 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 » Total Inventories

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.