HQGE (HQ Global Education) Inventory Turnover: 28.78 (As of Nov. 2011)

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What is HQ Global Education Inventory Turnover?

HQ Global Education HQGE Inventory Turnover is 28.78 as of Nov. 2011.

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. HQ Global Education's Cost of Goods Sold for the three months ended in Nov. 2011 was $11.37 Mil. HQ Global Education's Average Total Inventories for the quarter that ended in Nov. 2011 was $0.40 Mil. HQ Global Education's Inventory Turnover for the quarter that ended in Nov. 2011 was 28.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HQ Global Education's Days Inventory for the three months ended in Nov. 2011 was 3.17.

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. HQ Global Education's Inventory-to-Revenue for the quarter that ended in Nov. 2011 was 0.02.

HQ Global Education  (OTCPK:HQGE) 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.

HQ Global Education's Days Inventory for the three months ended in Nov. 2011 is calculated as:

Days Inventory =Average Total Inventories (Q: Nov. 2011 )/Cost of Goods Sold (Q: Nov. 2011 )*Days in Period
=0.395/11.367*365 / 4
=3.17

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.

HQ Global Education's Inventory to Revenue for the quarter that ended in Nov. 2011 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Nov. 2011 ) / Revenue (Q: Nov. 2011 )
=0.395 / 17.912
=0.02

* 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.

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.

HQ Global Education Inventory Turnover Related Terms

HQ Global Education Inventory Turnover Historical Data

* Premium members only.

The historical data trend for HQ Global Education'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.

HQ Global Education Inventory Turnover Chart

HQ Global Education Annual Data
Trend Feb08 Feb09 Aug10
Inventory Turnover
0.00 0.00 43.21

HQ Global Education Quarterly Data
Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.88 11.89 19.17 14.75 28.78

HQ Global Education Inventory Turnover Calculation

HQ Global Education's Inventory Turnover for the fiscal year that ended in Aug. 2010 is calculated as

Inventory Turnover (A: Aug. 2010 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Aug. 2010 ) / ((Total Inventories (A: Feb. 2009 ) + Total Inventories (A: Aug. 2010 )) / count )
=29.123 / ((0 + 0.674) / 1 )
=29.123 / 0.674
=43.21

HQ Global Education's Inventory Turnover for the quarter that ended in Nov. 2011 is calculated as

Inventory Turnover (Q: Nov. 2011 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Nov. 2011 ) / ((Total Inventories (Q: Aug. 2011 ) + Total Inventories (Q: Nov. 2011 )) / count )
=11.367 / ((0.435 + 0.355) / 2 )
=11.367 / 0.395
=28.78

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 28.78 mean?
HQ Global Education (HQGE) has a Inventory Turnover of 28.78 as of Nov. 2011. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HQ Global Education and its competitors.
Is HQ Global Education's Inventory Turnover too high?
HQ Global Education's current Inventory Turnover is 28.78.
How does HQ Global Education's Inventory Turnover compare to BKIT and BIEI?
HQ Global Education's Inventory Turnover of 28.78 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Media - Diversified company?
A good Inventory Turnover depends on the Media - Diversified industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HQ Global Education and its competitors. HQ Global Education's current Inventory Turnover is 28.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HQ Global Education stock overvalued right now?
HQ Global Education (HQGE) has a current Inventory Turnover of 28.78. The current Inventory Turnover is 28.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For HQ Global Education (HQGE), the current Inventory Turnover is 28.78 as of Nov. 2011. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HQ Global Education Business Description

Address 333 City Boulevard West, Suite 1700, Orange, CA, USA, 92868
HQ Global Education Inc is a provider of comprehensive film and TV production services. The company offers a wide array of film and TV production resources for small Indie productions through to full theatrical projects. Its products and services include film and television; producing; financing; and optioning.