EpicQuest Education Group International (EpicQuest Education Group International) Days Inventory : 9.59 (As of Sep. 2023)

View and export this data going back to 2021. Start your Free Trial

What is EpicQuest Education Group International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EpicQuest Education Group International's Average Total Inventories for the six months ended in Sep. 2023 was $0.04 Mil. EpicQuest Education Group International's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.73 Mil. Hence, EpicQuest Education Group International's Days Inventory for the six months ended in Sep. 2023 was 9.59.

The historical rank and industry rank for EpicQuest Education Group International's Days Inventory or its related term are showing as below:

EEIQ' s Days Inventory Range Over the Past 10 Years
Min: 9.35 Med: 9.96 Max: 9.96
Current: 9.35

During the past 6 years, EpicQuest Education Group International's highest Days Inventory was 9.96. The lowest was 9.35. And the median was 9.96.

EEIQ's Days Inventory is ranked worse than
53.5% of 157 companies
in the Education industry
Industry Median: 8.06 vs EEIQ: 9.35

EpicQuest Education Group International's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (9.59). It might indicate that EpicQuest Education Group International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. EpicQuest Education Group International's Inventory Turnover for the six months 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 six months ended in Sep. 2023 was 0.02.

EpicQuest Education Group International Days Inventory Historical Data

The historical data trend for EpicQuest Education Group International'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.

* Premium members only.

EpicQuest Education Group International Days Inventory Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

9.96

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial						-	-	-	8.53	9.59

Competitive Comparison of EpicQuest Education Group International's Days Inventory

For the Education & Training Services subindustry, EpicQuest Education Group International'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.

EpicQuest Education Group International's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, EpicQuest Education Group International's Days Inventory distribution charts can be found below:

* The bar in red indicates where EpicQuest Education Group International's Days Inventory falls into.

EpicQuest Education Group International Days Inventory Calculation

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 fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0	+	0.041)	/	1 )	/	1.502	*	365
=	0.041					/	1.502	*	365
=	9.96

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.036	+	0.041)	/	2 )	/	0.733	*	365 / 2
=	0.0385					/	0.733	*	365 / 2
=	9.59

EpicQuest Education Group International (NAS:EEIQ) 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.

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

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

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.

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

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

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.

EpicQuest Education Group International Days Inventory Related Terms

Thank you for viewing the detailed overview of EpicQuest Education Group International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

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.