New Historical Income Statement

EDU Stock  USD 86.82  0.83  0.97%   
Historical analysis of New Oriental income statement accounts such as Selling And Marketing Expenses of 537 M or Total Revenue of 3.6 B can show how well New Oriental Education performed in making a profits. Evaluating New Oriental income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of New Oriental's future profits or losses.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining New Oriental Education latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether New Oriental Education is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

About New Income Statement Analysis

New Oriental Education Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to New Oriental shareholders. The income statement also shows New investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

New Oriental Income Statement Chart

New Oriental Education Income Statement is one of the three primary financial statements used for reporting New's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of New Oriental Education revenue and expense. New Oriental Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, New Oriental's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 372.6 M in 2024, whereas Income Tax Expense is likely to drop slightly above 39.9 M in 2024.

Total Revenue

Total revenue comprises all receipts New Oriental Education generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of New Oriental Education minus its cost of goods sold. It is profit before New Oriental operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of New Oriental Education. It is also known as New Oriental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from New Oriental's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into New Oriental Education current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
At this time, New Oriental's Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 372.6 M in 2024, whereas Income Tax Expense is likely to drop slightly above 39.9 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.6B1.8B1.9B
Total Revenue3.1B3.0B3.4B3.6B

New Oriental income statement Correlations

0.370.450.50.370.370.380.550.40.350.3-0.190.320.420.410.680.220.330.730.30.45
0.370.990.970.980.00.030.070.990.950.030.16-0.110.750.830.1-0.20.79-0.240.930.9
0.450.990.990.970.060.090.140.990.940.090.19-0.050.790.830.21-0.140.82-0.170.910.88
0.50.970.990.930.190.220.270.960.890.230.260.090.750.770.25-0.010.77-0.130.860.82
0.370.980.970.93-0.18-0.15-0.090.991.0-0.150.05-0.280.840.910.17-0.370.88-0.230.930.94
0.370.00.060.19-0.181.00.98-0.08-0.270.980.380.98-0.33-0.390.160.97-0.360.32-0.12-0.23
0.380.030.090.22-0.151.00.98-0.05-0.240.980.390.97-0.31-0.360.170.96-0.330.31-0.09-0.2
0.550.070.140.27-0.090.980.980.01-0.170.940.30.95-0.2-0.250.30.92-0.250.45-0.04-0.12
0.40.990.990.960.99-0.08-0.050.010.98-0.050.11-0.190.820.880.17-0.270.85-0.220.940.93
0.350.950.940.891.0-0.27-0.24-0.170.98-0.240.0-0.370.860.940.17-0.460.89-0.240.910.94
0.30.030.090.23-0.150.980.980.94-0.05-0.240.560.98-0.27-0.380.120.96-0.290.24-0.09-0.24
-0.190.160.190.260.050.380.390.30.110.00.560.490.12-0.15-0.110.450.16-0.240.07-0.13
0.32-0.11-0.050.09-0.280.980.970.95-0.19-0.370.980.49-0.35-0.470.170.98-0.390.35-0.23-0.35
0.420.750.790.750.84-0.33-0.31-0.20.820.86-0.270.12-0.350.920.39-0.470.95-0.10.740.77
0.410.830.830.770.91-0.39-0.36-0.250.880.94-0.38-0.15-0.470.920.3-0.570.87-0.120.840.88
0.680.10.210.250.170.160.170.30.170.170.12-0.110.170.390.30.080.30.550.020.11
0.22-0.2-0.14-0.01-0.370.970.960.92-0.27-0.460.960.450.98-0.47-0.570.08-0.480.31-0.28-0.4
0.330.790.820.770.88-0.36-0.33-0.250.850.89-0.290.16-0.390.950.870.3-0.48-0.20.780.83
0.73-0.24-0.17-0.13-0.230.320.310.45-0.22-0.240.24-0.240.35-0.1-0.120.550.31-0.2-0.25-0.08
0.30.930.910.860.93-0.12-0.09-0.040.940.91-0.090.07-0.230.740.840.02-0.280.78-0.250.94
0.450.90.880.820.94-0.23-0.2-0.120.930.94-0.24-0.13-0.350.770.880.11-0.40.83-0.080.94
Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization151.0M230.4M14.9M860K989K939.6K
Interest Expense4.6M6.7M4.1M707K813.1K1.2M
Selling And Marketing Expenses445.3M600.8M466.9M444.7M511.4M537.0M
Total Revenue3.6B4.3B3.1B3.0B3.4B3.6B
Gross Profit2.0B2.2B1.4B1.6B1.8B1.9B
Other Operating Expenses3.2B4.1B4.1B2.8B3.2B3.4B
Operating Income266.5M394.0M(982.5M)190.0M218.6M229.5M
Ebit266.5M394.0M(982.5M)190.0M218.6M229.5M
Ebitda417.5M624.5M(967.6M)190.9M219.5M131.7M
Cost Of Revenue1.6B2.0B1.8B1.4B1.6B1.7B
Total Operating Expenses1.6B2.1B2.3B1.4B1.6B1.7B
Income Before Tax487.8M315.0M(1.0B)308.5M354.8M372.6M
Total Other Income Expense Net221.4M(79.0M)(50.0M)118.5M136.3M143.1M
Net Income413.3M231.4M(1.2B)177.3M159.6M167.6M
Income Tax Expense134.4M83.6M136.3M66.1M76.0M39.9M
Selling General Administrative1.1B1.5B1.9B953.6M1.1B556.4M
Net Income Applicable To Common Shares413.3M334.4M(1.2B)177.3M159.6M167.6M
Minority Interest136.5M104.9M32.6M(58.0M)(66.7M)(63.4M)
Net Income From Continuing Ops354.9M230.0M(1.2B)235.4M211.8M222.4M
Tax Provision134.4M83.6M136.3M66.1M76.0M83.1M
Interest Income93.4M134.5M14.9M860K774K735.3K
Net Interest Income111.5M134.8M119.5M113.7M130.8M108.4M
Reconciled Depreciation151.0M230.4M194.4M122.7M141.1M148.8M

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

  0.88IH IhumanIncPairCorr
  0.88EEIQ Elite Education GroupPairCorr
  0.82COE 51Talk Online Education Report 3rd of April 2024 PairCorr
  0.81VSTA Vasta PlatformLtd Report 23rd of April 2024 PairCorr
  0.77AIU Meta DataPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether New Oriental Education 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 New 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 New Oriental Education Stock. Highlighted below are key reports to facilitate an investment decision about New Oriental Education Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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.
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
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.