New Oriental Education & Technology Group (HKSE:09901) Inventory Turnover : 6.20 (As of Aug. 2024)

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What is New Oriental Education & Technology 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. New Oriental Education & Technology Group's Cost of Goods Sold for the three months ended in Aug. 2024 was HK$4,549 Mil. New Oriental Education & Technology Group's Average Total Inventories for the quarter that ended in Aug. 2024 was HK$734 Mil. New Oriental Education & Technology Group's Inventory Turnover for the quarter that ended in Aug. 2024 was 6.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Oriental Education & Technology Group's Days Inventory for the three months ended in Aug. 2024 was 14.73.

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. New Oriental Education & Technology Group's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.07.

New Oriental Education & Technology Group Inventory Turnover Historical Data

The historical data trend for New Oriental Education & Technology 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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New Oriental Education & Technology Group Inventory Turnover Chart

New Oriental Education & Technology Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Inventory Turnover

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52.33

65.24

59.70

34.95

28.16

New Oriental Education & Technology Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Inventory Turnover	Get a 7-Day Free Trial															7.61	5.63	7.05	5.73	6.20

New Oriental Education & Technology Group Inventory Turnover Calculation

New Oriental Education & Technology Group's Inventory Turnover for the fiscal year that ended in May. 2024 is calculated as

	Inventory Turnover (A: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2024 )	/ (	(Total Inventories (A: May. 2023 )	+	Total Inventories (A: May. 2024 ))	/	count )
=	16021.894	/ (	(412.939	+	724.991)	/	2 )
=	16021.894	/	568.965
=	28.16

New Oriental Education & Technology 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: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	4549.246	/ (	(724.991	+	743.399)	/	2 )
=	4549.246	/	734.195
=	6.20

New Oriental Education & Technology Group (HKSE:09901) 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.

New Oriental Education & Technology Group's Days Inventory for the three 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
	=	734.195	/	4549.246	*	365 / 4
	=	14.73

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.

New Oriental Education & Technology 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 )
	=	734.195	/	11190.79
	=	0.07

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.

New Oriental Education & Technology Group Inventory Turnover Related Terms

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New Oriental Education & Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (HKSE:09901) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EDU:USA EDUN:Mexico N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

Executives

Norges Bank	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you

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