China Education Resources (TSXV:CHN.H) Inventory Turnover : 0.00 (As of Sep. 2021)

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What is China Education Resources 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 Education Resources's Cost of Goods Sold for the three months ended in Sep. 2021 was C$1.64 Mil. China Education Resources's Average Total Inventories for the quarter that ended in Sep. 2021 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Education Resources's Days Inventory for the three months ended in Sep. 2021 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 Education Resources's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.00.

China Education Resources Inventory Turnover Historical Data

The historical data trend for China Education Resources'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 Education Resources Inventory Turnover Chart

China Education Resources Annual Data

Trend

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Inventory Turnover

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China Education Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Inventory Turnover	Get a 7-Day Free Trial															-	-	56.94	166.06	-

China Education Resources Inventory Turnover Calculation

China Education Resources's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	4.808	/ (	(0	+	0)	/	1 )
=	4.808	/	0
=	N/A

China Education Resources's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

	Inventory Turnover (Q: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )
=	1.635	/ (	(0	+	0)	/	1 )
=	1.635	/	0
=	N/A

China Education Resources (TSXV:CHN.H) 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 Education Resources's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2021 )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
	=	0	/	1.635	*	365 / 4
	=	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 Education Resources's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2021 )	/	Revenue (Q: Sep. 2021 )
	=	0	/	2.299
	=	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 Education Resources Inventory Turnover Related Terms

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China Education Resources (TSXV:CHN.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Education Resources Inc (TSXV:CHN.H) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

515 West Pender Street, Suite 300, Vancouver, BC, CAN, V6B 6H5

Website

http://www.chinaeducationresources.com

China Education Resources Inc provides an education internet portal with educational content, resources, and training programs to users and distributes educational textbooks and materials developed to bookstores and schools in China. The operations of the company are primarily in two geographic areas: Canada and China. China generates maximum revenue for the company.

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