China General Education Group (HKSE:02175) Inventory Turnover : 0.00 (As of Aug. 2024)

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What is China General Education Group 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 General Education Group's Cost of Goods Sold for the six months ended in Aug. 2024 was HK$74.7 Mil. China General Education Group's Average Total Inventories for the quarter that ended in Aug. 2024 was HK$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China General Education Group's Days Inventory for the six months ended in Aug. 2024 was 0.00.

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 General Education Group's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.00.

China General Education Group Inventory Turnover Historical Data

The historical data trend for China General Education Group'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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China General Education Group Inventory Turnover Chart

China General Education Group Annual Data

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Aug24

Inventory Turnover

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China General Education Group Semi-Annual Data
	Aug18	Aug19	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Inventory Turnover	Get a 7-Day Free Trial						-	-	-	-	-

China General Education Group Inventory Turnover Calculation

China General Education Group'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 )
=	189.367	/ (	(0	+	0)	/	1 )
=	189.367	/	0
=	N/A

China General Education Group'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 )
=	74.702	/ (	(0	+	0)	/	1 )
=	74.702	/	0
=	N/A

China General Education Group (HKSE:02175) 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 General Education Group'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
	=	0	/	74.702	*	365 / 2
	=	0.00

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 General Education Group'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 )
	=	0	/	160.431
	=	0.00

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 General Education Group Inventory Turnover Related Terms

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China General Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China General Education Group Ltd (HKSE:02175) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Wucheng South Road, Xiaodian District, Shanxi Province, Taiyuan, CHN

Website

http://www.chinageg.cn

China General Education Group Ltd is principally engaged in the provision of higher education services. The company operates one college, Shanxi Technology and Business College, in which it offers bachelor's degree programs in a total of around 39 majors including three concentrations to undergraduate students including accounting, auditing, civil engineering, and business administration. The Company also focuses on providing applied courses and internship training opportunities. The Group generates maximum revenue from Mainland China.

Executives

Futu Trustee Limited	2301 Trustee
Niu Sanping	2201 Interest of corporation controlled by you
Niusanping Limited	2101 Beneficial owner
Niu Jian	2201 Interest of corporation controlled by you
Niujian Limited	2101 Beneficial owner

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