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Lixiang Education Holding Co (Lixiang Education Holding Co) Inventory Turnover : 18.11 (As of Jun. 2023)


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What is Lixiang Education Holding Co Inventory Turnover?

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. Lixiang Education Holding Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $2.78 Mil. Lixiang Education Holding Co's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.15 Mil. Lixiang Education Holding Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 18.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lixiang Education Holding Co's Days Inventory for the six months ended in Jun. 2023 was 10.08.

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. Lixiang Education Holding Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.04.

Lixiang Education Holding Co Inventory Turnover Historical Data

The historical data trend for Lixiang Education Holding Co'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.

* Premium members only.

Lixiang Education Holding Co Inventory Turnover Chart

Lixiang Education Holding Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
164.78 5.52 8.06 19.68 58.34

Lixiang Education Holding Co Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.28 11.97 20.52 17.85 18.11

Lixiang Education Holding Co Inventory Turnover Calculation

Lixiang Education Holding Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=5.922 / ((0.036 + 0.167) / 2 )
=5.922 / 0.1015
=58.34

Lixiang Education Holding Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=2.78 / ((0.167 + 0.14) / 2 )
=2.78 / 0.1535
=18.11

* 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.

Lixiang Education Holding Co  (NAS:LXEH) 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.

Lixiang Education Holding Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.1535/2.78*365 / 2
=10.08

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.

Lixiang Education Holding Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.1535 / 3.629
=0.04

* 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.

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.

Lixiang Education Holding Co Inventory Turnover Related Terms

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Lixiang Education Holding Co (Lixiang Education Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lixiang Education Holding Co Ltd (NAS:LXEH) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
No. 818 Hua Yuan Street, Liandu District, Zhejiang Province, Lishui, CHN, 323000
Website
https://www.lixiangeh.com
Lixiang Education Holding Co Ltd is a private primary and secondary education service provider in Lishui City, Zhejiang Province. Its private education services primarily include primary and middle school education from grade 1 to grade 9. The company also offers high school education services at its High School Divisions.