New Oriental Education & Technology Group (New Oriental Education & Technology Group) Change In Inventory : $0 Mil (TTM As of Feb. 2024)

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What is New Oriental Education & Technology Group Change In Inventory?

New Oriental Education & Technology Group's change in inventory for the quarter that ended in Feb. 2024 was $0 Mil. It means New Oriental Education & Technology Group's inventory stayed the same from Nov. 2023 to Feb. 2024 .

New Oriental Education & Technology Group's change in inventory for the fiscal year that ended in May. 2023 was $-22 Mil. It means New Oriental Education & Technology Group's inventory increased by $22 Mil from May. 2022 to May. 2023 .

New Oriental Education & Technology Group's Total Inventories for the quarter that ended in Feb. 2024 was $97 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Oriental Education & Technology Group's Days Inventory for the quarter that ended in Feb. 2024 was 12.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Oriental Education & Technology Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 7.04.

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. New Oriental Education & Technology Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.08.

New Oriental Education & Technology Group Change In Inventory Historical Data

The historical data trend for New Oriental Education & Technology Group's Change In 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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New Oriental Education & Technology Group Change In Inventory Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Inventory

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6.03

-3.28

3.75

1.82

-21.90

New Oriental Education & Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

New Oriental Education & Technology Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

New Oriental Education & Technology Group (NYSE:EDU) Change In Inventory Explanation

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

New Oriental Education & Technology Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	91.5785	/	644.786	*	365 / 4
	=	12.96

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

New Oriental Education & Technology Group's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	644.786	/	91.5785
	=	7.04

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.

New Oriental Education & Technology Group's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	91.5785	/	1207.286
	=	0.08

New Oriental Education & Technology Group Change In Inventory Related Terms

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New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Change In Inventory

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Traded in Other Exchanges

EDUN:Mexico 09901:Hong Kong 0K75:UK N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.