EpicQuest Education Group International (EpicQuest Education Group International) Change In Inventory : $-0.02 Mil (TTM As of Sep. 2023)

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What is EpicQuest Education Group International Change In Inventory?

EpicQuest Education Group International's change in inventory for the quarter that ended in Sep. 2023 was $-0.01 Mil. It means EpicQuest Education Group International's inventory increased by $0.01 Mil from Mar. 2023 to Sep. 2023 .

EpicQuest Education Group International's change in inventory for the fiscal year that ended in Sep. 2023 was $-0.02 Mil. It means EpicQuest Education Group International's inventory increased by $0.02 Mil from Sep. 2022 to Sep. 2023 .

EpicQuest Education Group International's Total Inventories for the quarter that ended in Sep. 2023 was $0.04 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EpicQuest Education Group International's Days Inventory for the quarter that ended in Sep. 2023 was 9.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. EpicQuest Education Group International's Inventory Turnover for the quarter that ended in Sep. 2023 was 19.04.

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. EpicQuest Education Group International's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

EpicQuest Education Group International Change In Inventory Historical Data

The historical data trend for EpicQuest Education Group International'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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EpicQuest Education Group International Change In Inventory Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-0.02

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial						-	-	-	-0.02	-0.01

EpicQuest Education Group International 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-0.02 Mil.

EpicQuest Education Group International (NAS:EEIQ) Change In Inventory Explanation

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

EpicQuest Education Group International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.0385	/	0.733	*	365 / 2
	=	9.59

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

EpicQuest Education Group International's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.733	/	0.0385
	=	19.04

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.

EpicQuest Education Group International's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0385	/	2.292
	=	0.02

EpicQuest Education Group International Change In Inventory Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Change In Inventory

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Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.