New Goodwill and Intangible Assets vs Investments Non Current Analysis

EDU Stock  USD 85.99  2.69  3.03%   
Trend analysis of New Oriental Education balance sheet accounts such as Other Current Liabilities of 830.6 M or Total Current Liabilities of 2.7 B provides information on New Oriental's total assets, liabilities, and equity, which is the actual value of New Oriental Education to its prevalent stockholders. By breaking down trends over time using New Oriental balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting 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 Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of New Oriental Education at a specified time, usually calculated after every quarter, six months, or one year. New Oriental Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New Oriental and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which New currently owns. An asset can also be divided into two categories, current and non-current.

New Oriental Balance Sheet Chart

New Oriental Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how New Oriental Education uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, New Oriental's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 2.3 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 250.9 M in 2024.

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.

Total Current Liabilities

Total Current Liabilities is an item on New Oriental balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of New Oriental Education are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
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

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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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.