China Education Group Holdings (HKSE:00839) Days Inventory : 0.00 (As of Aug. 2023)

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What is China Education Group Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Education Group Holdings's Average Total Inventories for the six months ended in Aug. 2023 was HK$0 Mil. China Education Group Holdings's Cost of Goods Sold for the six months ended in Aug. 2023 was HK$1,371 Mil. Hence, China Education Group Holdings's Days Inventory for the six months ended in Aug. 2023 was 0.00.

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

During the past 9 years, China Education Group Holdings's highest Days Inventory was 0.31. The lowest was 0.18. And the median was 0.26.

HKSE:00839's Days Inventory is not ranked ^*
in the Education industry.
Industry Median: 8.69
* Ranked among companies with meaningful Days Inventory only.

China Education Group Holdings's Days Inventory declined from Aug. 2022 (0.21) to Aug. 2023 (0.00).

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

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 Education Group Holdings's Inventory-to-Revenue for the six months ended in Aug. 2023 was 0.00.

China Education Group Holdings Days Inventory Historical Data

The historical data trend for China Education Group 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.

* Premium members only.

China Education Group Holdings Days Inventory Chart

China Education Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Aug19

Aug20

Aug21

Aug22

Aug23

Days Inventory

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0.18

0.29

0.27

China Education Group Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Days Inventory	Get a 7-Day Free Trial													0.22	0.21	-	-	-

Competitive Comparison of China Education Group Holdings's Days Inventory

For the Education & Training Services subindustry, China Education Group 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 Education Group Holdings's Days Inventory Distribution in the Education Industry

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

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

China Education Group Holdings Days Inventory Calculation

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

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

	Days Inventory (A: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2647.42	*	365
=	0					/	2647.42	*	365
=	0.00

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

	Days Inventory (Q: Aug. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1371.216	*	365 / 2
=	0					/	1371.216	*	365 / 2
=	0.00

China Education Group Holdings (HKSE:00839) 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 Education Group Holdings's Inventory Turnover for the six months ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1371.216	/	0
	=

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 Education Group Holdings's Inventory to Revenue for the six months ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	3067.422
	=	0.00

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 Education Group Holdings Days Inventory Related Terms

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

China Education Group Holdings (HKSE:00839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Group Holdings Ltd (HKSE:00839) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CEGHF:USA C3W:Germany

Address

18 Harbour Road, Suite 6703–04, 67th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

http://www.chinaeducation.hk

China Education Group Holdings Ltd is a leading ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG also offers continuing education to full-time working adults. The group's total enrolled full-time students in China expanded more than 3 times over the last six years to about 248,000 as of August 2023. The rapid growth is primarily attributable to school acquisitions. CEG currently operates 14 schools, up from only 3 in 2017.

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