New Historical Income Statement
EDU Stock | USD 84.75 3.86 4.77% |
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.
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.
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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. Add Fundamental
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 Profit | 1.4B | 1.6B | 1.8B | 1.9B | Total Revenue | 3.1B | 3.0B | 3.4B | 3.6B |
New Oriental income statement Correlations
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New Oriental Account Relationship Matchups
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New Oriental income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 151.0M | 230.4M | 14.9M | 860K | 989K | 939.6K | |
Interest Expense | 4.6M | 6.7M | 4.1M | 707K | 813.1K | 1.2M | |
Selling And Marketing Expenses | 445.3M | 600.8M | 466.9M | 444.7M | 511.4M | 537.0M | |
Total Revenue | 3.6B | 4.3B | 3.1B | 3.0B | 3.4B | 3.6B | |
Gross Profit | 2.0B | 2.2B | 1.4B | 1.6B | 1.8B | 1.9B | |
Other Operating Expenses | 3.2B | 4.1B | 4.1B | 2.8B | 3.2B | 3.4B | |
Operating Income | 266.5M | 394.0M | (982.5M) | 190.0M | 218.6M | 229.5M | |
Ebit | 266.5M | 394.0M | (982.5M) | 190.0M | 218.6M | 229.5M | |
Ebitda | 417.5M | 624.5M | (967.6M) | 190.9M | 219.5M | 131.7M | |
Cost Of Revenue | 1.6B | 2.0B | 1.8B | 1.4B | 1.6B | 1.7B | |
Total Operating Expenses | 1.6B | 2.1B | 2.3B | 1.4B | 1.6B | 1.7B | |
Income Before Tax | 487.8M | 315.0M | (1.0B) | 308.5M | 354.8M | 372.6M | |
Total Other Income Expense Net | 221.4M | (79.0M) | (50.0M) | 118.5M | 136.3M | 143.1M | |
Net Income | 413.3M | 231.4M | (1.2B) | 177.3M | 159.6M | 167.6M | |
Income Tax Expense | 134.4M | 83.6M | 136.3M | 66.1M | 76.0M | 39.9M | |
Selling General Administrative | 1.1B | 1.5B | 1.9B | 953.6M | 1.1B | 556.4M | |
Net Income Applicable To Common Shares | 413.3M | 334.4M | (1.2B) | 177.3M | 159.6M | 167.6M | |
Minority Interest | 136.5M | 104.9M | 32.6M | (58.0M) | (66.7M) | (63.4M) | |
Net Income From Continuing Ops | 354.9M | 230.0M | (1.2B) | 235.4M | 211.8M | 222.4M | |
Tax Provision | 134.4M | 83.6M | 136.3M | 66.1M | 76.0M | 83.1M | |
Interest Income | 93.4M | 134.5M | 14.9M | 860K | 774K | 735.3K | |
Net Interest Income | 111.5M | 134.8M | 119.5M | 113.7M | 130.8M | 108.4M | |
Reconciled Depreciation | 151.0M | 230.4M | 194.4M | 122.7M | 141.1M | 148.8M |
New Oriental Investors Sentiment
The influence of New Oriental's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in New. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to New Oriental's public news can be used to forecast risks associated with an investment in New. The trend in average sentiment can be used to explain how an investor holding New can time the market purely based on public headlines and social activities around New Oriental Education. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
New Oriental's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for New Oriental's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average New Oriental's news discussions. The higher the estimated score, the more favorable is the investor's outlook on New Oriental.
New Oriental Implied Volatility | 57.51 |
New Oriental's implied volatility exposes the market's sentiment of New Oriental Education stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if New Oriental's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that New Oriental stock will not fluctuate a lot when New Oriental's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards New Oriental in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, New Oriental's short interest history, or implied volatility extrapolated from New Oriental options trading.
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
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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 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.
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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 0.023 | Earnings Share 1.8 | Revenue Per Share 24.418 | Quarterly Revenue Growth 0.601 | Return On Assets 0.0363 |
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.