China 21st Century Education Group (HKSE:01598) Total Inventories : HK$0.0 Mil (As of Dec. 2023)

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What is China 21st Century Education Group Total Inventories?

China 21st Century Education Group's total inventories for the quarter that ended in Dec. 2023 was HK$0.0 Mil. China 21st Century Education Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China 21st Century Education Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China 21st Century Education Group's Days Inventory for the six months ended in Dec. 2023 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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 21st Century Education Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

China 21st Century Education Group Total Inventories Historical Data

The historical data trend for China 21st Century Education Group's Total Inventories 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 21st Century Education Group Total Inventories Chart

China 21st Century Education Group Annual Data

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Total Inventories

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China 21st Century Education Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial											-	-	-	-	-

China 21st Century Education Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

China 21st Century Education Group (HKSE:01598) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

China 21st Century Education Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(347.997	+	0.75 * 24.171	+	0.5 * 0	-	1686.13
-	0	-	3.09)	/	1161.2
=	-1.14

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China 21st Century Education Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	152.212	*	365 / 2
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

China 21st Century Education Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	152.212	/	0
	=	N/A

4. 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 21st Century Education Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	249.301
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

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China 21st Century Education Group (HKSE:01598) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China 21st Century Education Group Ltd (HKSE:01598) » Definitions » Total Inventories

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Address

Zhonghai Plaza, 15th Floor, South Tower, 8 Guanghua Dongli, Chaoyang District, Beijing, CHN, 050000

Website

https://www.21centuryedu.com

China 21st Century Education Group Ltd is an investment holding company. It is engaged in the provision of education services and related management services. The company's operating segments are Vocational education and Non-vocational education. It generates a majority of its revenue from the Vocational education business segment. Geographically, the firm generates its revenue from Mainland China.

Executives

Li Yunong	2305 Beneficiary of a trust
Li Yasheng	2305 Beneficiary of a trust
Li Yu Nong	2101 Beneficial owner
Cao Yang	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Leonus Holdings Limited	2201 Interest of corporation controlled by you
Sainange Holdings Company Limited	2101 Beneficial owner
Sainray Limited
Cao Ji De
Luo Xin Lan

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