Quality Online Education Group (Quality Online Education Group) Days Inventory : 0.00 (As of May. 2023)

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What is Quality Online Education Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quality Online Education Group's Average Total Inventories for the three months ended in May. 2023 was $0.00 Mil. Quality Online Education Group's Cost of Goods Sold for the three months ended in May. 2023 was $0.54 Mil. Hence, Quality Online Education Group's Days Inventory for the three months ended in May. 2023 was 0.00.

The historical rank and industry rank for Quality Online Education Group's Days Inventory or its related term are showing as below:

During the past 10 years, Quality Online Education Group's highest Days Inventory was 1703.33. The lowest was 378.52. And the median was 1040.93.

QOEG's Days Inventory is not ranked ^*
in the Education industry.
Industry Median: 8.06
* Ranked among companies with meaningful Days Inventory only.

Quality Online Education Group's Days Inventory stayed the same from May. 2022 (0.00) to May. 2023 (0.00).

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

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. Quality Online Education Group's Inventory-to-Revenue for the three months ended in May. 2023 was 0.00.

Quality Online Education Group Days Inventory Historical Data

The historical data trend for Quality Online Education Group'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.

Quality Online Education Group Days Inventory Chart

Quality Online Education Group Annual Data

Trend

Dec07

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Aug13

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Aug22

Days Inventory

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Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Quality Online Education Group's Days Inventory

For the Education & Training Services subindustry, Quality Online Education Group'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.

Quality Online Education Group's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Days Inventory falls into.

Quality Online Education Group Days Inventory Calculation

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

Quality Online Education Group's Days Inventory for the fiscal year that ended in Aug. 2022 is calculated as

	Days Inventory (A: Aug. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2021 )	+	Total Inventories (A: Aug. 2022 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2022 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.717	*	365
=	0					/	0.717	*	365
=	0.00

Quality Online Education Group's Days Inventory for the quarter that ended in May. 2023 is calculated as:

	Days Inventory (Q: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: May. 2023 ))	/	count )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.539	*	365 / 4
=	0					/	0.539	*	365 / 4
=	0.00

Quality Online Education Group (OTCPK:QOEG) 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.

Quality Online Education Group's Inventory Turnover for the three months ended in May. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.539	/	0
	=

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.

Quality Online Education Group's Inventory to Revenue for the three months ended in May. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1.29
	=	0.00

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.

Quality Online Education Group Days Inventory Related Terms

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

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR