New Asset Turnover vs Total Assets Analysis

EDU Stock  USD 86.82  0.83  0.97%   
New Oriental financial indicator trend analysis is infinitely more than just investigating New Oriental Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Oriental Education is a good investment. Please check the relationship between New Oriental Asset Turnover and its Total Assets accounts. 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.

Asset Turnover vs Total Assets

Asset Turnover vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Oriental Education Asset Turnover account and Total Assets. At this time, the significance of the direction appears to have pay attention.
The correlation between New Oriental's Asset Turnover and Total Assets is -0.79. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Total Assets in the same time period over historical financial statements of New Oriental Education, assuming nothing else is changed. The correlation between historical values of New Oriental's Asset Turnover and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of New Oriental Education are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Asset Turnover i.e., New Oriental's Asset Turnover and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Total Assets

Total assets refers to the total amount of New Oriental assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in New Oriental Education books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
Most indicators from New Oriental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Tax Provision is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 46.60 in 2024, whereas Selling General Administrative is likely to drop slightly above 556.4 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.6B1.8B1.9B
Total Revenue3.1B3.0B3.4B3.6B

New Oriental fundamental ratios Correlations

0.820.950.980.980.070.910.670.990.490.790.840.970.990.80.760.280.980.70.310.490.770.640.810.810.95
0.820.750.780.720.620.530.290.760.320.980.550.890.750.730.330.60.830.26-0.130.140.390.320.970.970.69
0.950.750.950.930.030.890.70.940.340.730.80.930.940.750.760.150.910.660.250.470.820.520.750.760.92
0.980.780.950.950.030.90.670.970.480.760.760.980.970.850.780.290.950.720.340.490.80.630.790.790.99
0.980.720.930.95-0.070.950.730.990.510.680.910.910.990.710.80.170.950.760.40.560.790.70.70.70.92
0.070.620.030.03-0.07-0.33-0.43-0.01-0.130.64-0.190.23-0.040.22-0.470.640.15-0.53-0.69-0.42-0.38-0.340.60.6-0.08
0.910.530.890.90.95-0.330.870.920.470.470.890.810.930.610.94-0.040.830.90.610.690.920.730.50.510.91
0.670.290.70.670.73-0.430.870.660.140.20.820.550.690.250.96-0.410.530.890.760.750.940.530.230.240.66
0.990.760.940.970.99-0.010.920.660.520.740.850.951.00.790.760.270.980.710.320.50.760.660.760.760.95
0.490.320.340.480.51-0.130.470.140.520.290.340.440.520.540.30.340.510.480.190.480.260.870.330.330.5
0.790.980.730.760.680.640.470.20.740.290.470.880.720.790.260.650.820.18-0.210.070.320.280.990.990.68
0.840.550.80.760.91-0.190.890.820.850.340.470.710.860.380.78-0.090.790.730.450.610.760.610.480.490.71
0.970.890.930.980.910.230.810.550.950.440.880.710.940.870.660.420.960.590.180.380.690.550.90.90.94
0.990.750.940.970.99-0.040.930.691.00.520.720.860.940.780.780.240.970.730.350.520.780.680.740.740.95
0.80.730.750.850.710.220.610.250.790.540.790.380.870.780.440.550.830.420.030.230.490.550.830.830.85
0.760.330.760.780.8-0.470.940.960.760.30.260.780.660.780.44-0.290.630.960.80.750.970.630.30.310.8
0.280.60.150.290.170.64-0.04-0.410.270.340.65-0.090.420.240.55-0.290.4-0.28-0.5-0.29-0.220.090.640.640.26
0.980.830.910.950.950.150.830.530.980.510.820.790.960.970.830.630.40.580.170.380.640.60.840.840.92
0.70.260.660.720.76-0.530.90.890.710.480.180.730.590.730.420.96-0.280.580.860.790.90.760.220.230.76
0.31-0.130.250.340.4-0.690.610.760.320.19-0.210.450.180.350.030.8-0.50.170.860.680.680.5-0.18-0.180.41
0.490.140.470.490.56-0.420.690.750.50.480.070.610.380.520.230.75-0.290.380.790.680.720.740.110.120.51
0.770.390.820.80.79-0.380.920.940.760.260.320.760.690.780.490.97-0.220.640.90.680.720.590.370.370.82
0.640.320.520.630.7-0.340.730.530.660.870.280.610.550.680.550.630.090.60.760.50.740.590.350.340.64
0.810.970.750.790.70.60.50.230.760.330.990.480.90.740.830.30.640.840.22-0.180.110.370.351.00.71
0.810.970.760.790.70.60.510.240.760.330.990.490.90.740.830.310.640.840.23-0.180.120.370.341.00.71
0.950.690.920.990.92-0.080.910.660.950.50.680.710.940.950.850.80.260.920.760.410.510.820.640.710.71
Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B10.2B6.0B6.4B7.4B7.7B
Short Long Term Debt Total1.6B2.2B680.4M458.6M527.4M786.5M
Other Current Liab737.6M979.6M586.1M687.8M791.0M830.6M
Total Current Liabilities2.5B3.5B1.7B2.3B2.6B2.7B
Total Stockholder Equity2.7B4.9B3.7B3.6B4.1B4.4B
Net Debt665.0M550.1M(468.2M)(1.2B)(1.1B)(1.0B)
Cash915.1M1.6B1.1B1.7B1.9B2.0B
Other Assets174.8M224.5M111.8M647.3M744.4M781.6M
Cash And Short Term Investments3.5B6.3B4.2B4.0B4.6B4.8B
Common Stock Shares Outstanding159.5M165.2M169.6M144.8M166.5M161.4M
Liabilities And Stockholders Equity6.6B10.2B6.0B6.4B7.4B7.7B
Non Current Liabilities Total1.2B1.7B531.0M326.7M375.7M250.9M
Other Stockholder Equity459.7M1.9B2.1B1.9B2.2B2.3B
Total Liab3.7B5.1B2.2B2.6B3.0B3.1B
Total Current Assets3.8B6.6B4.5B4.4B5.1B5.3B
Retained Earnings2.0B2.3B1.1B1.2B1.4B861.6M
Accounts Payable33.1M38.4M22.3M69.8M80.2M84.2M
Long Term Debt117.9M297.6M65.4M14.7M16.9M16.0M
Short Term Investments2.6B4.6B3.0B2.3B2.7B2.8B
Inventory31.3M31.2M27.9M52.7M60.6M63.6M
Other Current Assets14.6M15.4M12.4M211.2M242.9M255.1M
Intangible Assets16.3M18.8M6.4M28.5M32.8M34.4M
Property Plant Equipment2.1B2.7B933.8M799.3M919.2M562.5M
Property Plant And Equipment Net2.1B2.7B933.8M799.3M919.2M588.9M
Current Deferred Revenue1.3B1.9B933.1M1.3B1.5B1.6B
Non Current Assets Total2.8B3.6B1.6B2.0B2.3B2.4B
Non Currrent Assets Other111.5M120.9M91.7M127.0M146.1M153.4M
Net Receivables7.6M118.5M39.7M42.5M48.8M51.3M
Good Will80.4M73.3M70.8M105.5M121.3M127.4M
Property Plant And Equipment Gross2.1B2.7B933.8M799.3M919.2M588.9M
Accumulated Other Comprehensive Income289.2M709.3M576.8M437.3M502.8M252.5M
Short Term Debt384.2M514.0M168.6M155.8M179.1M160.1M
Other Liab18.8M11.9M13.2M19.2M22.1M23.2M
Long Term Investments431.1M537.7M437.9M862.3M991.7M1.0B
Net Tangible Assets2.3B2.6B4.8B3.6B4.2B2.5B

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

    
  116.59  
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.
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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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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
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.