Edvantage Group Holdings (HKSE:00382) Inventory Turnover : 66.57 (As of Aug. 2024)

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What is Edvantage Group 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. Edvantage Group Holdings's Cost of Goods Sold for the six months ended in Aug. 2024 was HK$661 Mil. Edvantage Group Holdings's Average Total Inventories for the quarter that ended in Aug. 2024 was HK$10 Mil. Edvantage Group Holdings's Inventory Turnover for the quarter that ended in Aug. 2024 was 66.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Edvantage Group Holdings's Days Inventory for the six months ended in Aug. 2024 was 2.74.

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. Edvantage Group Holdings's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.01.

Edvantage Group Holdings Inventory Turnover Historical Data

The historical data trend for Edvantage Group 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.

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Edvantage Group Holdings Inventory Turnover Chart

Edvantage Group Holdings Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Inventory Turnover

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585.29

366.30

138.82

95.81

117.19

Edvantage Group Holdings Semi-Annual Data
	Aug16	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24	Feb25
Inventory Turnover	Get a 7-Day Free Trial												37.55	35.07	66.55	66.57	77.56

Edvantage Group Holdings Inventory Turnover Calculation

Edvantage Group Holdings's Inventory Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Inventory Turnover (A: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2024 )	/ (	(Total Inventories (A: Aug. 2023 )	+	Total Inventories (A: Aug. 2024 ))	/	count )
=	1295.65	/ (	(10.645	+	11.467)	/	2 )
=	1295.65	/	11.056
=	117.19

Edvantage Group Holdings's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	660.629	/ (	(8.38	+	11.467)	/	2 )
=	660.629	/	9.9235
=	66.57

Edvantage Group Holdings (HKSE:00382) 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.

Edvantage Group Holdings's Days Inventory for the six months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	9.9235	/	660.629	*	365 / 2
	=	2.74

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.

Edvantage Group Holdings's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	9.9235	/	1256.331
	=	0.01

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.

Edvantage Group Holdings Inventory Turnover Related Terms

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Edvantage Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Edvantage Group Holdings Ltd (HKSE:00382) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huashang Road, Licheng Street, Zengcheng, Guangzhou, CHN

Website

https://www.edvantagegroup.com.hk

Edvantage Group is a leading private education group based in Greater Bay Area. Edvantage primarily offers higher education. It also provides secondary vocational education and non-formal vocational education service. Higher education accounted for about 86% of revenue in fiscal 2024.

Executives

Chen Yuan Rita	2201 Interest of corporation controlled by you
Liu Yung Chau	2201 Interest of corporation controlled by you
De Bo Jiao Yu Tou Zi Kong Gu You Xian Gong Si	2101 Beneficial owner

Edvantage Group Holdings Headlines

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