China East Education Holdings (HKSE:00667) Change In Inventory : HK$0 Mil (TTM As of Dec. 2023)

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What is China East Education Holdings Change In Inventory?

China East Education Holdings's change in inventory for the quarter that ended in Dec. 2023 was HK$0 Mil. It means China East Education Holdings's inventory stayed the same from Jun. 2023 to Dec. 2023 .

China East Education Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was HK$4 Mil. It means China East Education Holdings's inventory declined by HK$4 Mil from Dec. 2022 to Dec. 2023 .

China East Education Holdings's Total Inventories for the quarter that ended in Dec. 2023 was HK$74 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China East Education Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 11.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. China East Education Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.31.

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. China East Education Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China East Education Holdings Change In Inventory Historical Data

The historical data trend for China East Education Holdings'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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China East Education Holdings Change In Inventory Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-16.22

-5.38

-10.88

-7.25

4.08

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial									-	-	-	-	-

China East Education Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$0 Mil.

China East Education Holdings (HKSE:00667) Change In Inventory Explanation

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

China East Education Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	74.78	/	1219.353	*	365 / 2
	=	11.19

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

China East Education Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1219.353	/	74.78
	=	16.31

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.

China East Education Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	74.78	/	2215.592
	=	0.03

China East Education Holdings Change In Inventory Related Terms

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China East Education Holdings (HKSE:00667) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

ZX3:Germany

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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