Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Inventory Turnover : 0.00 (As of Nov. 2023)

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What is Cairo For Investment And Real Estate Developments CIRA Education Inventory Turnover?

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. Cairo For Investment And Real Estate Developments CIRA Education's Cost of Goods Sold for the three months ended in Nov. 2023 was E£0 Mil. Cairo For Investment And Real Estate Developments CIRA Education's Average Total Inventories for the quarter that ended in Nov. 2023 was E£259 Mil. Cairo For Investment And Real Estate Developments CIRA Education's Inventory Turnover for the quarter that ended in Nov. 2023 was 0.00.

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

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. Cairo For Investment And Real Estate Developments CIRA Education's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.32.

Cairo For Investment And Real Estate Developments CIRA Education Inventory Turnover Historical Data

The historical data trend for Cairo For Investment And Real Estate Developments CIRA Education'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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Cairo For Investment And Real Estate Developments CIRA Education Inventory Turnover Chart

Cairo For Investment And Real Estate Developments CIRA Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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205.95

134.13

57.10

56.92

9.54

Cairo For Investment And Real Estate Developments CIRA Education 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															4.63	-	-	-	-

Cairo For Investment And Real Estate Developments CIRA Education Inventory Turnover Calculation

Cairo For Investment And Real Estate Developments CIRA Education's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	1314.12	/ (	(16.35	+	259.178)	/	2 )
=	1314.12	/	137.764
=	9.54

Cairo For Investment And Real Estate Developments CIRA Education'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 )
=	0	/ (	(259.178	+	0)	/	1 )
=	0	/	259.178
=	0.00

Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) 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.

Cairo For Investment And Real Estate Developments CIRA Education'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
	=	259.178	/	0	*	365 / 4
	=

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.

Cairo For Investment And Real Estate Developments CIRA Education'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 )
	=	259.178	/	803.7
	=	0.32

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.

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Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cairo For Investment And Real Estate Developments CIRA Education (CAI:CIRA) » Definitions » Inventory Turnover

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Address

36 Sheikh Ahmed El Sawy Street, Nasr City, Cairo, EGY

Website

https://cira.com.eg

Cairo For Investment And Real Estate Developments CIRA Education Formerly Cairo Investment and Real Estate Development is an Egypt-based provider of educational services in the private sector. The company engaged in two reportable segments which include the School segment, and the Higher Education segment. The majority of revenue derives from the Higher Education segment.

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