Youdao (Youdao) Total Inventories

: $24.3 Mil (As of Sep. 2023)

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Youdao's total inventories for the quarter that ended in Sep. 2023 was $24.3 Mil. Youdao's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $24.9 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Youdao's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-3.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Youdao's Days Inventory for the three months ended in Sep. 2023 was 24.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Youdao's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.73.

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. Youdao's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.12.

Youdao Total Inventories Historical Data

The historical data trend for Youdao's Total Inventories 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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Youdao Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

10.44

18.19

40.10

33.32

30.40

Youdao Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																33.32	31.83	25.51	24.34	30.40

Youdao Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Youdao (NYSE:DAO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Youdao's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(49.304	+	0.75 * 47.645	+	0.5 * 24.341	-	504.189
-	0	-	7.947)	/	121.275
=	-3.42

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

Youdao's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	24.927	/	93.061	*	365 / 4
	=	24.44

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

Youdao's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	93.061	/	24.927
	=	3.73

4. 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.

Youdao's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	24.927	/	210.853
	=	0.12

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Youdao Total Inventories Related Terms

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Youdao (Youdao) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Youdao Inc (NYSE:DAO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 399, Wangshang Road, Binjiang District, Hangzhou, CHN, 310051

Website

https://www.youdao.com

Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and Youdao Pocket Translator.