New Oriental Education & Technology Group (New Oriental Education & Technology Group) Days Inventory

: 16.19 (As of Nov. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). New Oriental Education & Technology Group's Average Total Inventories for the three months ended in Nov. 2023 was $75 Mil. New Oriental Education & Technology Group's Cost of Goods Sold for the three months ended in Nov. 2023 was $423 Mil. Hence, New Oriental Education & Technology Group's Days Inventory for the three months ended in Nov. 2023 was 16.19.

The historical rank and industry rank for New Oriental Education & Technology Group's Days Inventory or its related term are showing as below:

EDU' s Days Inventory Range Over the Past 10 Years
Min: 5.6 Med: 11.38 Max: 18.14
Current: 15.27

During the past 13 years, New Oriental Education & Technology Group's highest Days Inventory was 18.14. The lowest was 5.60. And the median was 11.38.

EDU's Days Inventory is ranked worse than
65.82% of 158 companies
in the Education industry
Industry Median: 8.33 vs EDU: 15.27

New Oriental Education & Technology Group's Days Inventory increased from Nov. 2022 (16.09) to Nov. 2023 (16.19). It might indicate that New Oriental Education & Technology Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. New Oriental Education & Technology Group's Inventory Turnover for the three months ended in Nov. 2023 was 5.64.

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 three months ended in Nov. 2023 was 0.09.

New Oriental Education & Technology Group Days Inventory Historical Data

The historical data trend for New Oriental Education & Technology Group's Days 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 Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Inventory

9.18

6.93

5.60

6.15

10.44

New Oriental Education & Technology Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory																16.09	16.96	13.45	11.99	16.19

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Oriental Education & Technology Group Days Inventory Distribution

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Days Inventory falls into.

New Oriental Education & Technology Group Days Inventory Calculation

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 fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (27.925	+	52.689)	/	2 )	/	1409.438	*	365
=	40.307					/	1409.438	*	365
=	10.44

New Oriental Education & Technology Group's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (63.27	+	86.638)	/	2 )	/	422.558	*	365 / 4
=	74.954					/	422.558	*	365 / 4
=	16.19

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

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

New Oriental Education & Technology Group's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	422.558	/	74.954
	=	5.64

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.

New Oriental Education & Technology Group's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	74.954	/	869.6
	=	0.09

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

New Oriental Education & Technology Group Days Inventory Related Terms

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

Industry

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

Comparable Companies

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.