17 Education & Technology Group (17 Education & Technology Group) Days Inventory : 0.00 (As of Dec. 2023)

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What is 17 Education & Technology Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 17 Education & Technology Group's Average Total Inventories for the three months ended in Dec. 2023 was $0.00 Mil. 17 Education & Technology Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.75 Mil. Hence, 17 Education & Technology Group's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for 17 Education & Technology Group's Days Inventory or its related term are showing as below:

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

17 Education & Technology Group's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 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. 17 Education & Technology Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

17 Education & Technology Group Days Inventory Historical Data

The historical data trend for 17 Education & Technology 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.

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17 Education & Technology Group Days Inventory Chart

17 Education & Technology Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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17 Education & Technology Group Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of 17 Education & Technology Group's Days Inventory

For the Education & Training Services subindustry, 17 Education & Technology 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.

17 Education & Technology Group's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, 17 Education & Technology Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where 17 Education & Technology Group's Days Inventory falls into.

17 Education & Technology Group Days Inventory Calculation

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

17 Education & Technology Group'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
=	( (0	+	0)	/	1 )	/	12.641	*	365
=	0					/	12.641	*	365
=	0.00

17 Education & Technology Group'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.75	*	365 / 4
=	0					/	3.75	*	365 / 4
=	0.00

17 Education & Technology Group (NAS:YQ) 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.

17 Education & Technology Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.75	/	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.

17 Education & Technology Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	6.631
	=	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.

17 Education & Technology Group Days Inventory Related Terms

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17 Education & Technology Group (17 Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » 17 Education & Technology Group Inc (NAS:YQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wangjing Greenland Center, 16th Floor, Block B, Chaoyang District, Beijing, CHN, 100102

Website

https://ucenter.17zuoye.com

17 Education & Technology Group Inc is an education technology company in China. It offers to assist students, teachers, schoolmasters, and educational authorities across China to achieve data-driven teaching, learning, and assessment. Geographically group operates in China.