MindChamps PreSchool (SGX:CNE) Inventory Turnover : 33.94 (As of Dec. 2024)

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What is MindChamps PreSchool 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. MindChamps PreSchool's Cost of Goods Sold for the six months ended in Dec. 2024 was S$16.82 Mil. MindChamps PreSchool's Average Total Inventories for the quarter that ended in Dec. 2024 was S$0.50 Mil. MindChamps PreSchool's Inventory Turnover for the quarter that ended in Dec. 2024 was 33.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MindChamps PreSchool's Days Inventory for the six months ended in Dec. 2024 was 5.38.

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. MindChamps PreSchool's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.01.

MindChamps PreSchool Inventory Turnover Historical Data

The historical data trend for MindChamps PreSchool'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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MindChamps PreSchool Inventory Turnover Chart

MindChamps PreSchool Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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114.85

71.16

57.37

53.58

64.59

MindChamps PreSchool Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															30.04	25.38	27.71	28.55	33.94

MindChamps PreSchool Inventory Turnover Calculation

MindChamps PreSchool's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	32.78	/ (	(0.571	+	0.444)	/	2 )
=	32.78	/	0.5075
=	64.59

MindChamps PreSchool's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	16.819	/ (	(0.547	+	0.444)	/	2 )
=	16.819	/	0.4955
=	33.94

MindChamps PreSchool (SGX:CNE) 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.

MindChamps PreSchool's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.4955	/	16.819	*	365 / 2
	=	5.38

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.

MindChamps PreSchool's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.4955	/	33.816
	=	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.

MindChamps PreSchool Inventory Turnover Related Terms

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MindChamps PreSchool Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » MindChamps PreSchool Ltd (SGX:CNE) » Definitions » Inventory Turnover

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Address

6 Raffles Boulevard, No. 04-100 Marina Square, Singapore, SGP, 039594

Website

https://www.mindchamps.org

MindChamps PreSchool Ltd is a Singapore-based investment holding company. Principally, it is engaged in the business of childcare services. The company operates through four segments, namely Education, Franchise, Corporate, and others. Its education segment provides childcare, education, and learning-related services for preschool children. The franchise segment is involved in the franchising of childcare services and enrichment classes. Its Corporate segment provides administrative support services, exclusive territory business sales and corporate office. Its other segment comprises of higher education programs, business, and management consulting services. The company generates revenue mainly through services offered in the education segment. It operates in Singapore and Australia.

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