New Oriental Education Stock Current Asset
| EDU Stock | USD 87.90 2.91 3.42% |
New Oriental Education fundamentals help investors to digest information that contributes to New Oriental's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Oriental's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Oriental stock.
At this time, New Oriental's Total Current Assets are comparatively stable compared to the past year. Other Current Assets is likely to gain to about 255.1 M in 2024, whereas Net Current Asset Value is likely to drop (11.4 M) in 2024. New | Current Asset |
New Oriental Education Company Current Asset Analysis
New Oriental's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current New Oriental Current Asset | 1.87 B |
Most of New Oriental's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Oriental Education is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Current Asset Historical Pattern
Today, most investors in New Oriental Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Oriental's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of New Oriental current asset as a starting point in their analysis.
New Oriental Current Asset |
| Timeline |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
New Total Assets
Total Assets |
|
In accordance with the recently published financial statements, New Oriental Education has a Current Asset of 1.87 B. This is 73.93% lower than that of the Diversified Consumer Services sector and significantly higher than that of the Consumer Discretionary industry. The current asset for all United States stocks is 79.98% higher than that of the company.
New Current Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Oriental's direct or indirect competition against its Current Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Oriental could also be used in its relative valuation, which is a method of valuing New Oriental by comparing valuation metrics of similar companies.New Oriental is currently under evaluation in current asset category among related companies.
New Oriental ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, New Oriental's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to New Oriental's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
New Fundamentals
| Return On Equity | 0.088 | ||||
| Return On Asset | 0.0324 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 136.99 B | ||||
| Shares Outstanding | 165.51 M | ||||
| Shares Owned By Insiders | 2.04 % | ||||
| Shares Owned By Institutions | 41.90 % | ||||
| Number Of Shares Shorted | 4.28 M | ||||
| Price To Earning | 113.17 X | ||||
| Price To Book | 3.74 X | ||||
| Price To Sales | 4.16 X | ||||
| Revenue | 3 B | ||||
| Gross Profit | 1.35 B | ||||
| EBITDA | 190.91 M | ||||
| Net Income | 235.36 M | ||||
| Cash And Equivalents | 1.66 B | ||||
| Cash Per Share | 24.99 X | ||||
| Total Debt | 458.6 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 2.59 X | ||||
| Book Value Per Share | 23.14 X | ||||
| Cash Flow From Operations | 971.01 M | ||||
| Short Ratio | 3.07 X | ||||
| Earnings Per Share | 1.80 X | ||||
| Price To Earnings To Growth | 0.86 X | ||||
| Target Price | 96.43 | ||||
| Number Of Employees | 50.44 K | ||||
| Beta | 0.48 | ||||
| Market Capitalization | 14.1 B | ||||
| Total Asset | 6.39 B | ||||
| Retained Earnings | 1.23 B | ||||
| Working Capital | 2.16 B | ||||
| Current Asset | 1.87 B | ||||
| Current Liabilities | 918.19 M | ||||
| Net Asset | 6.39 B |
About New Oriental Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Oriental Education's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Oriental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Oriental Education based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with New Oriental
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 New Oriental 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 New Oriental will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.75 | ZVOI | Zovio Inc | PairCorr |
| 0.72 | EEIQ | Elite Education Group | PairCorr |
| 0.71 | IH | IhumanInc | PairCorr |
| 0.69 | BTCTW | BTC Digital Symbol Change | PairCorr |
| 0.65 | COE | 51Talk Online Education Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to New Oriental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Oriental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Oriental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Oriental Education to buy it.
The correlation of New Oriental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Oriental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Oriental Education moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Oriental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out New Oriental Piotroski F Score and New Oriental Altman Z Score analysis. Note that the New Oriental Education information on this page should be used as a complementary analysis to other New Oriental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for New Stock analysis
When running New Oriental's price analysis, check to measure New Oriental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Stocks Directory Find actively traded stocks across global markets | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments |
Is New Oriental's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Oriental. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Oriental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.577 | Earnings Share 1.8 | Revenue Per Share 21.628 | Quarterly Revenue Growth 0.363 | Return On Assets 0.0324 |
The market value of New Oriental Education is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Oriental's value that differs from its market value or its book value, called intrinsic value, which is New Oriental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Oriental's market value can be influenced by many factors that don't directly affect New Oriental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Oriental's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Oriental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Oriental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.