Elite Financial Statements From 2010 to 2024

Elite Education Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Other Current Liabilities 1.8 M 1.8 M 3 M Slightly volatile Total Current Liabilities 7.4 M 7.9 M 5.9 M Slightly volatile Net Tangible Assets 9.4 M 15.9 M 7.4 M Slightly volatile Other Assets 732.2 K 370.7 K 1 M Slightly volatile Net Receivables 968.7 K 1.2 M 724.9 K Slightly volatile Total Current Assets 11.6 M 10 M 7.8 M Slightly volatile Common Stock 16.3 K 21.9 K 14.5 K Slightly volatile Property Plant Equipment 3.4 M 3.7 M 3 M Slightly volatile Total Assets 19.6 M 22.1 M 15 M Slightly volatile Total Stockholder Equity 10.6 M 10.5 M 7.3 M Slightly volatile Property Plant And Equipment Net 3.5 M 3.6 M 3.1 M Slightly volatile Current Deferred Revenue 4 M 3.7 M 5.1 M Slightly volatile Cash 9.7 M 5.7 M 6.4 M Slightly volatile Non Current Assets Total 6.8 M 12.1 M 5.9 M Slightly volatile Cash And Short Term Investments 9.7 M 5.7 M 6.4 M Slightly volatile Common Stock Total Equity 10.1 K 11.3 K 12.3 K Slightly volatile Common Stock Shares Outstanding 10.9 M 13.4 M 9.6 M Slightly volatile Liabilities And Stockholders Equity 19.6 M 22.1 M 15 M Slightly volatile Other Current Assets 1.9 M 3.1 M 1.8 M Slightly volatile Other Stockholder Equity 22 M 21 M 8 M Slightly volatile Total Liabilities 8.4 M 9.5 M 7.2 M Slightly volatile Net Invested Capital 10.6 M 10.5 M 7.3 M Slightly volatile Property Plant And Equipment Gross 4.3 M 7.1 M 3.6 M Slightly volatile Capital Stock 16.8 K 21.9 K 14.5 K Slightly volatile Short and Long Term Debt Total 829.1 K 1.3 M 426.9 K Slightly volatile Short Term Debt 390.5 K 643.3 K 247.6 K Slightly volatile Other Liabilities 86.1 K 96.9 K 105.5 K Slightly volatile Intangible Assets 2.8 M 5.4 M 1.2 M Slightly volatile
Elite Education Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Net Interest Income 28.5 K 39.5 K 40.7 K Slightly volatile Interest Income 34.2 K 47.8 K 46.8 K Slightly volatile Depreciation And Amortization 491.5 K 468.1 K 171.4 K Slightly volatile Selling General Administrative 11.9 M 11.3 M 4 M Slightly volatile Selling And Marketing Expenses 1.2 M 917 K 1.4 M Very volatile Total Revenue 5.5 M 5.1 M 6.4 M Pretty Stable Gross Profit 4 M 3.8 M 4.6 M Pretty Stable Other Operating Expenses 9.4 M 14.7 M 7.2 M Slightly volatile Cost Of Revenue 1.6 M 1.4 M 1.8 M Very volatile Total Operating Expenses 7.3 M 13 M 5.3 M Slightly volatile Reconciled Depreciation 491.5 K 468.1 K 172.1 K Slightly volatile Total Other Income Expense Net 238.2 K 163.5 K 137.6 K Slightly volatile
Elite Education Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Net Borrowings 112 K 126 K 137.2 K Slightly volatile Depreciation 491.5 K 468.1 K 173.4 K Slightly volatile Capital Expenditures 12.2 K 12.8 K 155.8 K Very volatile End Period Cash Flow 8.6 M 6.1 M 5.4 M Slightly volatile Begin Period Cash Flow 9.1 M 13.2 M 5.7 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 1.88 1.98 7.9735 Slightly volatile PTB Ratio 1.17 1.24 10.2166 Slightly volatile Days Sales Outstanding 44.72 59.72 42.2341 Slightly volatile Book Value Per Share 0.76 0.71 0.7142 Slightly volatile Invested Capital 0.12 0.11 0.0455 Slightly volatile Average Payables 100.3 K 135.5 K 109.3 K Slightly volatile PB Ratio 1.17 1.24 10.2166 Slightly volatile EV To Sales 1.15 1.21 7.0649 Slightly volatile Inventory Turnover 34.47 32.83 13.7738 Slightly volatile Days Of Inventory On Hand 10.93 11.51 10.974 Pretty Stable Payables Turnover 7.81 8.22 19.506 Slightly volatile Sales General And Administrative To Revenue 1.62 1.55 0.6055 Slightly volatile Average Inventory 19.5 K 18.5 K 3.9 K Slightly volatile Cash Per Share 0.7 0.38 0.641 Slightly volatile Days Payables Outstanding 48.24 45.94 23.6176 Slightly volatile Intangibles To Total Assets 0.36 0.34 0.1949 Slightly volatile Current Ratio 1.3 1.14 1.2525 Slightly volatile Tangible Book Value Per Share 0.26 0.28 0.626 Pretty Stable Receivables Turnover 6.01 6.33 11.8416 Slightly volatile Graham Number 1.85 2.88 1.7923 Slightly volatile Shareholders Equity Per Share 0.76 0.71 0.7142 Slightly volatile Debt To Equity 0.12 0.11 0.0455 Slightly volatile Average Receivables 924.5 K 1.2 M 769.7 K Slightly volatile Revenue Per Share 0.79 0.56 0.7156 Pretty Stable Interest Debt Per Share 0.0468 0.0873 0.0369 Slightly volatile Debt To Assets 0.0556 0.053 0.0223 Slightly volatile Operating Cycle 62.34 68.72 52.8195 Slightly volatile Price Book Value Ratio 1.17 1.24 10.2166 Slightly volatile Days Of Payables Outstanding 48.24 45.94 23.6176 Slightly volatile Ebt Per Ebit 1.09 1.11 1.0244 Very volatile Company Equity Multiplier 2.19 2.42 2.2434 Slightly volatile Long Term Debt To Capitalization 0.0333 0.0529 0.0341 Slightly volatile Total Debt To Capitalization 0.1 0.099 0.0418 Slightly volatile Debt Equity Ratio 0.12 0.11 0.0455 Slightly volatile Quick Ratio 1.08 0.79 0.9921 Slightly volatile Net Income Per E B T 0.65 0.88 0.7157 Slightly volatile Cash Ratio 0.97 0.65 0.8855 Slightly volatile Days Of Inventory Outstanding 10.93 11.51 10.974 Pretty Stable Days Of Sales Outstanding 44.72 59.72 42.2341 Slightly volatile Price To Book Ratio 1.17 1.24 10.2166 Slightly volatile Fixed Asset Turnover 2.42 2.08 2.2259 Pretty Stable Debt Ratio 0.0556 0.053 0.0223 Slightly volatile Price Sales Ratio 1.88 1.98 7.9735 Slightly volatile Asset Turnover 0.47 0.34 0.4984 Slightly volatile Gross Profit Margin 0.78 0.85 0.7294 Slightly volatile Price Fair Value 1.17 1.24 10.2166 Slightly volatile
Elite Education Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 10.7 M 11.3 M 34.2 M Slightly volatile Enterprise Value 12.2 M 6.9 M 21.5 M Slightly volatile

Elite Fundamental Market Drivers

About Elite Education Financial Statements

Pair Trading with Elite Education

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elite Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elite Education will appreciate offsetting losses from the drop in the long position's value.When determining whether Elite Education Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Elite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Elite Education Group Stock. Highlighted below are key reports to facilitate an investment decision about Elite Education Group Stock:

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