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Kaiyuan Education Technology Group Co (SZSE:300338) Total Inventories : ¥3.4 Mil (As of Sep. 2024)


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What is Kaiyuan Education Technology Group Co Total Inventories?

Kaiyuan Education Technology Group Co's total inventories for the quarter that ended in Sep. 2024 was ¥3.4 Mil. Kaiyuan Education Technology Group Co's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ¥3.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kaiyuan Education Technology Group Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ¥-1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kaiyuan Education Technology Group Co's Days Inventory for the three months ended in Sep. 2024 was 22.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kaiyuan Education Technology Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.09.

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. Kaiyuan Education Technology Group Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.08.


Kaiyuan Education Technology Group Co Total Inventories Historical Data

The historical data trend for Kaiyuan Education Technology 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.

* Premium members only.

Kaiyuan Education Technology Group Co Total Inventories Chart

Kaiyuan Education Technology Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.66 10.49 5.61 14.27 5.13

Kaiyuan Education Technology Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 5.93 5.13 5.90 3.63 3.44

Kaiyuan Education Technology 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.


Kaiyuan Education Technology Group Co  (SZSE:300338) 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.

Kaiyuan Education Technology Group Co's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

Net-Net Working Capital Per Share (Q: Sep. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5.477+0.75 * 59.968+0.5 * 3.442-596.064
-0--1.632)/402.625
=-1.35

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

Kaiyuan Education Technology Group Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=3.5355/14.467*365 / 4
=22.30

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

Kaiyuan Education Technology Group Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=14.467 / 3.5355
=4.09

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.

Kaiyuan Education Technology Group Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=3.5355 / 42.109
=0.08

* 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.


Kaiyuan Education Technology Group Co Total Inventories Related Terms

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Kaiyuan Education Technology Group Co Business Description

Traded in Other Exchanges
N/A
Address
No.172 Kaiyuan Road, Economic and Technological Development Zone, Hunan Province, Changsha, CHN, 410100
Kaiyuan Education Technology Group Co Ltd formerly Changsha Kaiyuan Instruments Co Ltd is engaged in coal quality testing equipment research and development, production, sales, and service. Its products cover coal quality testing equipment in the sampling equipment and laboratory equipment.
Executives
Li Dao Rong Supervisors
Jiang Yong Director
Li Bai Chao Executives
Peng Min Directors, Directors, and Executives
Luo Jian Wen Director
Zhao Jun Directors, executives
Guo Jian Feng Directors, executives
Luo Xu Dong Directors, executives
Hu Guang Bin Supervisors
Chen Fang Chi Supervisors
Peng Hai Yan Executives
Luo Xiao Le Securities Affairs Representative
Zhang Yu Lan Supervisors
He Jian Jiang Executives

Kaiyuan Education Technology Group Co Headlines

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