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China Chunlai Education Group Co (HKSE:01969) Total Inventories : HK$0 Mil (As of Feb. 2024)


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What is China Chunlai Education Group Co Total Inventories?

China Chunlai Education Group Co's total inventories for the quarter that ended in Feb. 2024 was HK$0 Mil. China Chunlai Education Group Co's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Feb. 2024 was HK$0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China Chunlai Education Group Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was HK$-2.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Chunlai Education Group Co's Days Inventory for the six months ended in Feb. 2024 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 Chunlai Education Group Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.


China Chunlai Education Group Co Total Inventories Historical Data

The historical data trend for China Chunlai Education Group Co'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 Chunlai Education Group Co Total Inventories Chart

China Chunlai Education Group Co Annual Data
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Total Inventories
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China Chunlai Education Group Co Semi-Annual Data
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China Chunlai Education Group Co 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 Chunlai Education Group Co  (HKSE:01969) 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 Chunlai Education Group Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

Net-Net Working Capital Per Share (Q: Feb. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(416.364+0.75 * 178.456+0.5 * 0-3286.898
-0-0)/1200
=-2.28

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

China Chunlai Education Group Co's Days Inventory for the six months ended in Feb. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Feb. 2024 )/Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=0/348.171*365 / 2
=0.00

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

China Chunlai Education Group Co's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Feb. 2024 ) / Average Total Inventories (Q: Feb. 2024 )
=348.171 / 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 Chunlai Education Group Co's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2024 ) / Revenue (Q: Feb. 2024 )
=0 / 884.999
=0.00

* 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

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 Chunlai Education Group Co (HKSE:01969) Business Description

Traded in Other Exchanges
N/A
Address
No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000
China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.
Executives
Hou Junyu 2201 Interest of corporation controlled by you
Chunlai Investment Co., Ltd. 2101 Beneficial owner
Xiang Rong International Limited 2101 Beneficial owner

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