Readboy Education Holding Co (HKSE:02385) Days Inventory : 206.44 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Readboy Education Holding Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Readboy Education Holding Co's Average Total Inventories for the six months ended in Dec. 2023 was HK$234.6 Mil. Readboy Education Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$207.4 Mil. Hence, Readboy Education Holding Co's Days Inventory for the six months ended in Dec. 2023 was 206.44.

The historical rank and industry rank for Readboy Education Holding Co's Days Inventory or its related term are showing as below:

HKSE:02385' s Days Inventory Range Over the Past 10 Years
Min: 127.71 Med: 161.63 Max: 310.33
Current: 310.33

During the past 5 years, Readboy Education Holding Co's highest Days Inventory was 310.33. The lowest was 127.71. And the median was 161.63.

HKSE:02385's Days Inventory is ranked worse than
97.44% of 156 companies
in the Education industry
Industry Median: 8.825 vs HKSE:02385: 310.33

Readboy Education Holding Co's Days Inventory increased from Dec. 2022 (167.25) to Dec. 2023 (206.44). It might indicate that Readboy Education Holding Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Readboy Education Holding Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.88.

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. Readboy Education Holding Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.92.

Readboy Education Holding Co Days Inventory Historical Data

The historical data trend for Readboy Education Holding Co's Days Inventory 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.

Readboy Education Holding Co Days Inventory Chart

Readboy Education Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

161.63

138.76

127.71

205.31

306.58

Readboy Education Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			125.04	245.35	167.25	571.67	206.44

Competitive Comparison of Readboy Education Holding Co's Days Inventory

For the Education & Training Services subindustry, Readboy Education Holding Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Readboy Education Holding Co's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Readboy Education Holding Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Readboy Education Holding Co's Days Inventory falls into.

Readboy Education Holding Co Days Inventory Calculation

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

Readboy Education Holding Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (275.51	+	214.991)	/	2 )	/	291.986	*	365
=	245.2505					/	291.986	*	365
=	306.58

Readboy Education Holding Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (254.266	+	214.991)	/	2 )	/	207.423	*	365 / 2
=	234.6285					/	207.423	*	365 / 2
=	206.44

Readboy Education Holding Co (HKSE:02385) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Readboy Education Holding Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	207.423	/	234.6285
	=	0.88

2. 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.

Readboy Education Holding Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	234.6285	/	255.324
	=	0.92

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Readboy Education Holding Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Readboy Education Holding Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Readboy Education Holding Co (HKSE:02385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Changyi Road, Wuguishan, Guangdong Province, Zhongshan, CHN

Website

https://www.readboy.com

Readboy Education Holding Co Ltd is an investment holding company engaged in the production and sale of personal student tablets, smart classroom solutions, wearable products, other products, and advertisement and content licensing in the People's Republic of China. The company has five operating segments; Production and sale of personal student tablets, Production and sale of smart classroom solutions, Production and sale of wearable products, Production and sale of other products, and Advertisement and content licensing. It derives a majority of its revenue from the production and sale of personal student tablets in the People's Republic of China.

Readboy Education Holding Co (HKSE:02385) Headlines

No Headlines