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Readboy Education Holding Co (HKSE:02385) Inventory Turnover : 0.88 (As of Dec. 2023)


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What is Readboy Education Holding Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Readboy Education Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$207.4 Mil. Readboy Education Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$234.6 Mil. Readboy Education Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

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 six months ended in Dec. 2023 was 206.44.

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 quarter that ended in Dec. 2023 was 0.92.

Readboy Education Holding Co Inventory Turnover Historical Data

The historical data trend for Readboy Education Holding Co's Inventory Turnover 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 Inventory Turnover Chart

Readboy Education Holding Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
2.26 2.63 2.86 1.78 1.19

Readboy Education Holding Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial 1.46 0.74 1.09 0.32 0.88

Readboy Education Holding Co Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=291.986 / ((275.51 + 214.991) / 2 )
=291.986 / 245.2505
=1.19

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=207.423 / ((254.266 + 214.991) / 2 )
=207.423 / 234.6285
=0.88

* 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.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 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
=234.6285/207.423*365 / 2
=206.44

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=234.6285 / 255.324
=0.92

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Readboy Education Holding Co Inventory Turnover Related Terms

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Readboy Education Holding Co (HKSE:02385) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Readboy Education Holding Co Ltd (HKSE:02385) » Definitions » Inventory Turnover
Comparable Companies
HKSE:01563 HKSE:06169 HKSE:00382 HKSE:01593 HKSE:00032 HKSE:09616 HKSE:01525 HKSE:02001 HKSE:01935 HKSE:01765 AIU EDU TAL HKSE:01797 ASX:IEL LOPE SZSE:002607 GHC COUR LRN
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.
Executives
Liu Zhilan 2101 Beneficial owner
Alpine Sky Limited 2101 Beneficial owner
Equiom Fiduciary Services (hong Kong) Limited 2301 Trustee
Kimlan Limited 2103 Interests held jointly with another person
Maples Trustee Services (cayman) Limited 2103 Interests held jointly with another person
Qin Shuguang 2201 Interest of corporation controlled by you
Sky Focus Holdings Limited 2103 Interests held jointly with another person
Trade Honour Holdings Limited 2101 Beneficial owner
Chen Zhiyong 2103 Interests held jointly with another person

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