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China East Education Holdings (HKSE:00667) Total Inventories : HK$74 Mil (As of Dec. 2023)


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What is China East Education Holdings Total Inventories?

China East Education Holdings's total inventories for the quarter that ended in Dec. 2023 was HK$74 Mil. China East Education Holdings's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$75 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. China East Education Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China East Education Holdings's Days Inventory for the six months ended in Dec. 2023 was 11.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. China East Education Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.31.

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 East Education Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

China East Education Holdings Total Inventories Historical Data

The historical data trend for China East Education Holdings'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.

China East Education Holdings Total Inventories Chart

China East Education Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial 57.54 66.68 79.75 79.99 74.26

China East Education Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 79.75 81.97 79.99 75.30 74.26

China East Education Holdings 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 East Education Holdings  (HKSE:00667) 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 East Education Holdings'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)
=(3752.701+0.75 * 52.885+0.5 * 74.26-4029.011
-0-0)/2178.85
=-0.09

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

China East Education Holdings'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
=74.78/1219.353*365 / 2
=11.19

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

China East Education Holdings'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 )
=1219.353 / 74.78
=16.31

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 East Education Holdings'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 )
=74.78 / 2215.592
=0.03

* 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.

China East Education Holdings Total Inventories Related Terms

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China East Education Holdings (HKSE:00667) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (HKSE:00667) » Definitions » Total Inventories
Comparable Companies
HKSE:09636 HKSE:01773 HKSE:01969 HKSE:01890 HKSE:01765 HKSE:02001 HKSE:00032 HKSE:02469 HKSE:00382 HKSE:02385 AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
Traded in Other Exchanges
ZX3:Germany
Address
No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN
Website
https://www.chinaeastedu.com
China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 142,765 as of Dec. 31, 2022. In 2022, China East Education's revenue breakdown by major businesses was 59% in culinary arts, 20% in information & internet technology, 19% in auto services.
Executives
Wei Zhiling 2202 Interest of your spouse
Xiao Guoqing 2201 Interest of corporation controlled by you
Xiao Guoqing Education Company Limited 2101 Beneficial owner
Wu Junbao 2201 Interest of corporation controlled by you
Wu Junbao Education Company Limited 2101 Beneficial owner
Zhou Jiaju 2202 Interest of your spouse
Cheng Jing 2202 Interest of your spouse
Wu Wei 2201 Interest of corporation controlled by you
Wu Wei Education Company Limited 2101 Beneficial owner

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