FHSEY (First High-School Education Group Co) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is First High-School Education Group 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. First High-School Education Group Co's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.00 Mil. First High-School Education Group Co's Average Total Inventories for the quarter that ended in Jun. 2024 was $0.01 Mil. First High-School Education Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.00.

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

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.

First High-School Education Group Co Inventory Turnover Historical Data

The historical data trend for First High-School Education Group 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.

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First High-School Education Group Co Inventory Turnover Chart

First High-School Education Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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107.24

118.55

135.06

129.53

238.51

First High-School Education Group Co Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															27.38	-	-	670.09	-

First High-School Education Group Co Inventory Turnover Calculation

First High-School Education Group Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	27.309	/ (	(0.218	+	0.011)	/	2 )
=	27.309	/	0.1145
=	238.51

First High-School Education Group Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0	/ (	(0.011	+	0)	/	1 )
=	0	/	0.011
=	0.00

First High-School Education Group Co (OTCPK:FHSEY) 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.

First High-School Education Group Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.011	/	0	*	365 / 4
	=

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.

First High-School Education Group Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.011	/	0
	=

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.

First High-School Education Group Co Inventory Turnover Related Terms

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First High-School Education Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » First High-School Education Group Co Ltd (OTCPK:FHSEY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 1-1, Tiyuan Road, Xishan District, Yunnan Province, Kunming, CHN, 650228

Website

http://www.longspringedu.com

First High-School Education Group Co Ltd is an operator of private high schools in Western China. It promotes the reform of middle school education and teaching with the concept of double first-class university construction, introducing talents from double first-rate universities to strengthen the construction of middle school teachers, and continues to promote the connotative and high-quality development of middle school education.