Grand Canyon Education (Grand Canyon Education) Inventory Turnover

: 0.00 (As of Dec. 2023)

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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. Grand Canyon Education's Cost of Goods Sold for the three months ended in Dec. 2023 was $122.0 Mil. Grand Canyon Education's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grand Canyon Education's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Grand Canyon Education's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Grand Canyon Education Inventory Turnover Historical Data

The historical data trend for Grand Canyon 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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Grand Canyon Education Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Grand Canyon Education Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Grand Canyon Education Inventory Turnover Calculation

Grand Canyon Education's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	457.189	/ (	(0	+	0)	/	1 )
=	457.189	/	0
=	N/A

Grand Canyon Education's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	121.981	/ (	(0	+	0)	/	1 )
=	121.981	/	0
=	N/A

Grand Canyon Education (NAS:LOPE) 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.

Grand Canyon Education's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	121.981	*	365 / 4
	=	0.00

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.

Grand Canyon Education's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	278.284
	=	0.00

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.

Grand Canyon Education Inventory Turnover Related Terms

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Grand Canyon Education (Grand Canyon Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Grand Canyon Education Inc (NAS:LOPE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GKD:Germany

Address

2600 West Camelback Road, Phoenix, AZ, USA, 85017

Website

https://www.gcu.edu

Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.

Executives

Jack A Henry	director	C/O SIERRA BLANCA VENTURES, 1211 E. MISSOURI AVENUE, SUITE 222, PHOENIX AZ 85014
Lisa Graham Keegan	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Lori Browning	officer: Chief Accounting Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Kathy J. Claypatch	officer: Chief Information Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Sara R. Dial	director	3300 W. CAMELBACK ROAD, SCOTTSDALE AZ 85017
David Adame	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian E Mueller	officer: Chief Executive Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
William Stan Meyer	officer: Executive Vice President	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Joseph N Mildenhall	officer: Chief Information Officer	3300 W. CAMELBACK AVENUE, PHOENIX AZ 85017
Daniel E Bachus	officer: Chief Financial Officer	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017
Dilek Marsh	officer: Chief Data Officer	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Daniel J. Briggs	officer: Orbis Education, CEO	2600 WEST CAMELBACK ROAD, PHOENIX AZ 85017
Chevy Humphrey	director	2600 W. CAMELBACK ROAD, PHOENIX AZ 85017
Brian M Roberts	officer: General Counsel	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Brent D. Richardson	director, 10 percent owner, officer: Executive Chairman	3300 W. CAMELBACK ROAD, PHOENIX AZ 85017