TAL Education Group (TAL Education Group) Inventory Turnover

: 2.78 (As of Nov. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. TAL Education Group's Cost of Goods Sold for the three months ended in Nov. 2023 was $173 Mil. TAL Education Group's Average Total Inventories for the quarter that ended in Nov. 2023 was $62 Mil. TAL Education Group's Inventory Turnover for the quarter that ended in Nov. 2023 was 2.78.

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-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 Inventory Turnover Historical Data

The historical data trend for TAL Education Group's Inventory Turnover 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 Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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178.84

87.46

63.51

72.83

14.35

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
Inventory Turnover	Get a 7-Day Free Trial															3.37	3.69	2.88	2.75	2.78

TAL Education Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	436.358	/ (	(21.83	+	39.002)	/	2 )
=	436.358	/	30.416
=	14.35

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

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	173.18	/ (	(65.504	+	59.013)	/	2 )
=	173.18	/	62.2585
=	2.78

TAL Education Group (NYSE:TAL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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

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 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

TAL Education Group Inventory Turnover Related Terms

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TAL Education Group (TAL Education Group) Business Description

Industry

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

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.