China East Education Holdings (FRA:ZX3) Days Inventory : 11.21 (As of Dec. 2023)

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What is China East Education Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China East Education Holdings's Average Total Inventories for the six months ended in Dec. 2023 was €8.8 Mil. China East Education Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €143.2 Mil. Hence, China East Education Holdings's Days Inventory for the six months ended in Dec. 2023 was 11.21.

The historical rank and industry rank for China East Education Holdings's Days Inventory or its related term are showing as below:

FRA:ZX3' s Days Inventory Range Over the Past 10 Years
Min: 7.88 Med: 10.41 Max: 13.54
Current: 12.33

During the past 8 years, China East Education Holdings's highest Days Inventory was 13.54. The lowest was 7.88. And the median was 10.41.

FRA:ZX3's Days Inventory is ranked worse than
60% of 160 companies
in the Education industry
Industry Median: 8.065 vs FRA:ZX3: 12.33

China East Education Holdings's Days Inventory declined from Dec. 2022 (12.66) to Dec. 2023 (11.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. China East Education Holdings's Inventory Turnover for the six months ended in Dec. 2023 was 16.28.

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. China East Education Holdings's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

China East Education Holdings Days Inventory Historical Data

The historical data trend for China East Education Holdings'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.

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China East Education Holdings Days Inventory Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.96

11.85

10.44

13.11

12.64

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial									9.45	13.81	12.66	13.76	11.21

Competitive Comparison of China East Education Holdings's Days Inventory

For the Education & Training Services subindustry, China East Education Holdings'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.

China East Education Holdings's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China East Education Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where China East Education Holdings's Days Inventory falls into.

China East Education Holdings Days Inventory Calculation

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

China East Education Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (9.698	+	8.719)	/	2 )	/	265.902	*	365
=	9.2085					/	265.902	*	365
=	12.64

China East Education Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.873	+	8.719)	/	2 )	/	143.172	*	365 / 2
=	8.796					/	143.172	*	365 / 2
=	11.21

China East Education Holdings (FRA:ZX3) 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.

China East Education Holdings's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	143.172	/	8.796
	=	16.28

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.

China East Education Holdings's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8.796	/	260.147
	=	0.03

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.

China East Education Holdings Days Inventory Related Terms

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

China East Education Holdings (FRA:ZX3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (FRA:ZX3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

00667:Hong Kong

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.

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