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Overseas Education (SGX:RQ1) Inventory Turnover : 53.50 (As of Jun. 2024)


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What is Overseas Education 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. Overseas Education's Cost of Goods Sold for the six months ended in Jun. 2024 was S$25.28 Mil. Overseas Education's Average Total Inventories for the quarter that ended in Jun. 2024 was S$0.47 Mil. Overseas Education's Inventory Turnover for the quarter that ended in Jun. 2024 was 53.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Overseas Education's Days Inventory for the six months ended in Jun. 2024 was 3.41.

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. Overseas Education's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.


Overseas Education Inventory Turnover Historical Data

The historical data trend for Overseas 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.

* Premium members only.

Overseas Education Inventory Turnover Chart

Overseas Education Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 1.20 1.67 1.96 2.32

Overseas Education Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.14 -46.64 52.47 -51.36 53.50

Overseas Education Inventory Turnover Calculation

Overseas Education's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=1.063 / ((0.468 + 0.447) / 2 )
=1.063 / 0.4575
=2.32

Overseas Education's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=25.281 / ((0.447 + 0.498) / 2 )
=25.281 / 0.4725
=53.50

* 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.


Overseas Education  (SGX:RQ1) 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.

Overseas Education's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=0.4725/25.281*365 / 2
=3.41

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.

Overseas Education's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0.4725 / 45.129
=0.01

* 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.


Overseas Education Inventory Turnover Related Terms

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Overseas Education Business Description

Traded in Other Exchanges
N/A
Address
81 Pasir Ris Heights, Singapore, SGP, 519292
Overseas Education Ltd, along with its subsidiaries, provides a fully integrated inquiry-based programme comprising the International Primary Curriculum and the International Baccalaureate curriculum to children aged between 2 and 18 years of expatriate parents. It has students from more than 70 nationalities, supported by staff members from over 30 countries. The company generates a majority of its revenue from tuition fees followed by registration fees.

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