China East Education Holdings (FRA:ZX3) Inventory Turnover : 13.66 (As of Jun. 2024)

View and export this data going back to 2020. Start your Free Trial

What is China East Education Holdings 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. China East Education Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €119.4 Mil. China East Education Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was €8.7 Mil. China East Education Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 13.66.

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 six months ended in Jun. 2024 was 13.36.

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 quarter that ended in Jun. 2024 was 0.03.

China East Education Holdings Inventory Turnover Historical Data

The historical data trend for China East Education Holdings'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.

* Premium members only.

China East Education Holdings Inventory Turnover Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

36.66

30.81

34.95

27.85

28.88

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial										13.22	14.42	13.26	16.28	13.66

China East Education Holdings Inventory Turnover Calculation

China East Education Holdings'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 )
=	265.902	/ (	(9.698	+	8.719)	/	2 )
=	265.902	/	9.2085
=	28.88

China East Education Holdings'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 )
=	119.372	/ (	(8.719	+	8.761)	/	2 )
=	119.372	/	8.74
=	13.66

China East Education Holdings (FRA:ZX3) 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.

China East Education Holdings's Days Inventory for the six 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
	=	8.74	/	119.372	*	365 / 2
	=	13.36

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 quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	8.74	/	253.974
	=	0.03

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.

China East Education Holdings Inventory Turnover Related Terms

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

China East Education Holdings Business Description

Industry

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

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 146,839 as of Dec. 31, 2023. In 2023, China East Education's revenue breakdown by major businesses was 56% in culinary arts, 20% in information & internet technology, 21% in auto services.

China East Education Holdings Headlines

No Headlines