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Wisdom Education International Holdings Co (HKSE:06068) Total Inventories : HK$25.7 Mil (As of Feb. 2024)


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What is Wisdom Education International Holdings Co Total Inventories?

Wisdom Education International Holdings Co's total inventories for the quarter that ended in Feb. 2024 was HK$25.7 Mil. Wisdom Education International Holdings Co's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Feb. 2024 was HK$15.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Wisdom Education International Holdings Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was HK$-0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wisdom Education International Holdings Co's Days Inventory for the six months ended in Feb. 2024 was 72.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Wisdom Education International Holdings Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.50.

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. Wisdom Education International Holdings Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.18.


Wisdom Education International Holdings Co Total Inventories Historical Data

The historical data trend for Wisdom Education International Holdings 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.

* Premium members only.

Wisdom Education International Holdings Co Total Inventories Chart

Wisdom Education International Holdings Co Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.61 - 4.76 5.33 5.20

Wisdom Education International Holdings Co Semi-Annual Data
Aug14 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Total Inventories 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 4.76 42.68 5.33 25.73 5.20

Wisdom Education International Holdings 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.


Wisdom Education International Holdings Co  (HKSE:06068) 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.

Wisdom Education International Holdings 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)
=(241.554+0.75 * 543.236+0.5 * 25.727-906.672
-0-0)/2168.97
=-0.11

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

Wisdom Education International Holdings 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
=15.5275/38.873*365 / 2
=72.90

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

Wisdom Education International Holdings 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 )
=38.873 / 15.5275
=2.50

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.

Wisdom Education International Holdings 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 )
=15.5275 / 86.621
=0.18

* 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.


Wisdom Education International Holdings Co Total Inventories Related Terms

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Wisdom Education International Holdings Co Business Description

Traded in Other Exchanges
Address
No. 68 Guangming Da Dao, Dongcheng District, Dongguan, CHN
Wisdom Education International Holdings Co Ltd is a private education group operating premium primary and secondary schools in China. Its service line includes School-related supply chain business and comprehensive educational services out of which it generates the majority of its revenue from the School-related supply chain business. Geographically it generates key revenue from the Mainland, PRC.
Executives
Liu Xuebin 2101 Beneficial owner
Li Suwen 2101 Beneficial owner
Bright Education (holdings) Co. Limited 2101 Beneficial owner
Bright Education Investment Co. Limited 2101 Beneficial owner

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