New Net Income vs Income Tax Expense Analysis

EDU Stock

USD 87.90 2.91 3.42%

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 Net Income and its Income Tax Expense 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.

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Oriental Education Net Income account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between New Oriental's Net Income and Income Tax Expense is -0.35. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Tax Expense 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 Net Income and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of New Oriental Education are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income i.e., New Oriental's Net Income and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in New Oriental Education financial statement analysis. It represents the amount of money remaining after all of New Oriental Education operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Income Tax Expense

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 Over EBITDA is likely to gain to 46.84 in 2024, whereas Enterprise Value is likely to drop slightly above 4.5 B 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

Gross Profit Total Revenue

New Oriental fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Retained Earnings	Accounts Payable	Long Term Debt	Short Term Investments	Inventory	Other Current Assets	Preferred Stock Total Equity	Intangible Assets	Common Stock	Property Plant Equipment	Property Plant And Equipment Net	Current Deferred Revenue
Total Assets		0.82	0.95	0.98	0.98	0.07	0.91	0.67	0.99	0.6	0.79	0.84	0.97	0.99	0.8	0.76	0.28	0.98	0.7	0.31	0.49	0.77	0.64	0.81	0.81	0.95
Short Long Term Debt Total	0.82		0.75	0.78	0.72	0.62	0.53	0.29	0.76	0.28	0.98	0.55	0.89	0.75	0.73	0.33	0.6	0.83	0.26	-0.13	0.14	0.39	0.32	0.97	0.97	0.69
Other Current Liab	0.95	0.75		0.95	0.93	0.03	0.89	0.7	0.94	0.49	0.73	0.8	0.93	0.94	0.75	0.76	0.15	0.91	0.66	0.25	0.47	0.82	0.52	0.75	0.76	0.92
Total Current Liabilities	0.98	0.78	0.95		0.95	0.03	0.9	0.67	0.97	0.59	0.76	0.76	0.98	0.97	0.85	0.78	0.29	0.95	0.72	0.34	0.49	0.8	0.63	0.79	0.79	0.99
Total Stockholder Equity	0.98	0.72	0.93	0.95		-0.07	0.95	0.73	0.99	0.65	0.68	0.91	0.91	0.99	0.71	0.8	0.17	0.95	0.76	0.4	0.56	0.79	0.7	0.7	0.7	0.92
Net Debt	0.07	0.62	0.03	0.03	-0.07		-0.33	-0.43	-0.01	-0.33	0.64	-0.19	0.23	-0.04	0.22	-0.47	0.64	0.15	-0.53	-0.69	-0.42	-0.38	-0.34	0.6	0.6	-0.08
Cash	0.91	0.53	0.89	0.9	0.95	-0.33		0.87	0.92	0.68	0.47	0.89	0.81	0.93	0.61	0.94	-0.04	0.83	0.9	0.61	0.69	0.92	0.73	0.5	0.51	0.91
Other Assets	0.67	0.29	0.7	0.67	0.73	-0.43	0.87		0.66	0.48	0.2	0.82	0.55	0.69	0.25	0.96	-0.41	0.53	0.89	0.76	0.75	0.94	0.53	0.23	0.24	0.66
Cash And Short Term Investments	0.99	0.76	0.94	0.97	0.99	-0.01	0.92	0.66		0.62	0.74	0.85	0.95	1.0	0.79	0.76	0.27	0.98	0.71	0.32	0.5	0.76	0.66	0.76	0.76	0.95
Common Stock Shares Outstanding	0.6	0.28	0.49	0.59	0.65	-0.33	0.68	0.48	0.62		0.26	0.56	0.51	0.63	0.54	0.59	0.08	0.56	0.72	0.46	0.72	0.54	1.0	0.33	0.32	0.6
Non Current Liabilities Total	0.79	0.98	0.73	0.76	0.68	0.64	0.47	0.2	0.74	0.26		0.47	0.88	0.72	0.79	0.26	0.65	0.82	0.18	-0.21	0.07	0.32	0.28	0.99	0.99	0.68
Other Stockholder Equity	0.84	0.55	0.8	0.76	0.91	-0.19	0.89	0.82	0.85	0.56	0.47		0.71	0.86	0.38	0.78	-0.09	0.79	0.73	0.45	0.61	0.76	0.61	0.48	0.49	0.71
Total Liab	0.97	0.89	0.93	0.98	0.91	0.23	0.81	0.55	0.95	0.51	0.88	0.71		0.94	0.87	0.66	0.42	0.96	0.59	0.18	0.38	0.69	0.55	0.9	0.9	0.94
Total Current Assets	0.99	0.75	0.94	0.97	0.99	-0.04	0.93	0.69	1.0	0.63	0.72	0.86	0.94		0.78	0.78	0.24	0.97	0.73	0.35	0.52	0.78	0.68	0.74	0.74	0.95
Retained Earnings	0.8	0.73	0.75	0.85	0.71	0.22	0.61	0.25	0.79	0.54	0.79	0.38	0.87	0.78		0.44	0.55	0.83	0.42	0.03	0.23	0.49	0.55	0.83	0.83	0.85
Accounts Payable	0.76	0.33	0.76	0.78	0.8	-0.47	0.94	0.96	0.76	0.59	0.26	0.78	0.66	0.78	0.44		-0.29	0.63	0.96	0.8	0.75	0.97	0.63	0.3	0.31	0.8
Long Term Debt	0.28	0.6	0.15	0.29	0.17	0.64	-0.04	-0.41	0.27	0.08	0.65	-0.09	0.42	0.24	0.55	-0.29		0.4	-0.28	-0.5	-0.29	-0.22	0.09	0.64	0.64	0.26
Short Term Investments	0.98	0.83	0.91	0.95	0.95	0.15	0.83	0.53	0.98	0.56	0.82	0.79	0.96	0.97	0.83	0.63	0.4		0.58	0.17	0.38	0.64	0.6	0.84	0.84	0.92
Inventory	0.7	0.26	0.66	0.72	0.76	-0.53	0.9	0.89	0.71	0.72	0.18	0.73	0.59	0.73	0.42	0.96	-0.28	0.58		0.86	0.79	0.9	0.76	0.22	0.23	0.76
Other Current Assets	0.31	-0.13	0.25	0.34	0.4	-0.69	0.61	0.76	0.32	0.46	-0.21	0.45	0.18	0.35	0.03	0.8	-0.5	0.17	0.86		0.68	0.68	0.5	-0.18	-0.18	0.41
Preferred Stock Total Equity	0.49	0.14	0.47	0.49	0.56	-0.42	0.69	0.75	0.5	0.72	0.07	0.61	0.38	0.52	0.23	0.75	-0.29	0.38	0.79	0.68		0.72	0.74	0.11	0.12	0.51
Intangible Assets	0.77	0.39	0.82	0.8	0.79	-0.38	0.92	0.94	0.76	0.54	0.32	0.76	0.69	0.78	0.49	0.97	-0.22	0.64	0.9	0.68	0.72		0.59	0.37	0.37	0.82
Common Stock	0.64	0.32	0.52	0.63	0.7	-0.34	0.73	0.53	0.66	1.0	0.28	0.61	0.55	0.68	0.55	0.63	0.09	0.6	0.76	0.5	0.74	0.59		0.35	0.34	0.64
Property Plant Equipment	0.81	0.97	0.75	0.79	0.7	0.6	0.5	0.23	0.76	0.33	0.99	0.48	0.9	0.74	0.83	0.3	0.64	0.84	0.22	-0.18	0.11	0.37	0.35		1.0	0.71
Property Plant And Equipment Net	0.81	0.97	0.76	0.79	0.7	0.6	0.51	0.24	0.76	0.32	0.99	0.49	0.9	0.74	0.83	0.31	0.64	0.84	0.23	-0.18	0.12	0.37	0.34	1.0		0.71
Current Deferred Revenue	0.95	0.69	0.92	0.99	0.92	-0.08	0.91	0.66	0.95	0.6	0.68	0.71	0.94	0.95	0.85	0.8	0.26	0.92	0.76	0.41	0.51	0.82	0.64	0.71	0.71

Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.6B	10.2B	6.0B	6.4B	7.4B	7.7B
Short Long Term Debt Total	1.6B	2.2B	680.4M	458.6M	527.4M	786.5M
Other Current Liab	737.6M	979.6M	586.1M	687.8M	791.0M	830.6M
Total Current Liabilities	2.5B	3.5B	1.7B	2.3B	2.6B	2.7B
Total Stockholder Equity	2.7B	4.9B	3.7B	3.6B	4.1B	4.4B
Net Debt	665.0M	550.1M	(468.2M)	(1.2B)	(1.1B)	(1.0B)
Cash	915.1M	1.6B	1.1B	1.7B	1.9B	2.0B
Other Assets	174.8M	224.5M	111.8M	647.3M	744.4M	781.6M
Cash And Short Term Investments	3.5B	6.3B	4.2B	4.0B	4.6B	4.8B
Common Stock Shares Outstanding	159.5M	165.2M	169.6M	168.6M	193.8M	162.7M
Liabilities And Stockholders Equity	6.6B	10.2B	6.0B	6.4B	7.4B	7.7B
Non Current Liabilities Total	1.2B	1.7B	531.0M	326.7M	375.7M	250.9M
Other Stockholder Equity	459.7M	1.9B	2.1B	1.9B	2.2B	2.3B
Total Liab	3.7B	5.1B	2.2B	2.6B	3.0B	3.1B
Total Current Assets	3.8B	6.6B	4.5B	4.4B	5.1B	5.3B
Retained Earnings	2.0B	2.3B	1.1B	1.2B	1.4B	861.6M
Accounts Payable	33.1M	38.4M	22.3M	69.8M	80.2M	84.2M
Long Term Debt	117.9M	297.6M	65.4M	14.7M	16.9M	16.0M
Short Term Investments	2.6B	4.6B	3.0B	2.3B	2.7B	2.8B
Inventory	31.3M	31.2M	27.9M	52.7M	60.6M	63.6M
Other Current Assets	14.6M	15.4M	12.4M	211.2M	242.9M	255.1M
Intangible Assets	16.3M	18.8M	6.4M	28.5M	32.8M	34.4M
Property Plant Equipment	2.1B	2.7B	933.8M	799.3M	919.2M	562.5M
Property Plant And Equipment Net	2.1B	2.7B	933.8M	799.3M	919.2M	588.9M
Current Deferred Revenue	1.3B	1.9B	933.1M	1.3B	1.5B	1.6B
Non Current Assets Total	2.8B	3.6B	1.6B	2.0B	2.3B	2.4B
Non Currrent Assets Other	111.5M	120.9M	91.7M	127.0M	146.1M	153.4M
Net Receivables	7.6M	118.5M	39.7M	42.5M	48.8M	51.3M
Good Will	80.4M	73.3M	70.8M	105.5M	121.3M	127.4M
Property Plant And Equipment Gross	2.1B	2.7B	933.8M	799.3M	919.2M	588.9M
Accumulated Other Comprehensive Income	289.2M	709.3M	576.8M	437.3M	502.8M	252.5M
Short Term Debt	384.2M	514.0M	168.6M	155.8M	179.1M	160.1M
Other Liab	18.8M	11.9M	13.2M	19.2M	22.1M	23.2M
Long Term Investments	431.1M	537.7M	437.9M	862.3M	991.7M	1.0B
Net Tangible Assets	2.3B	2.6B	4.8B	3.6B	4.2B	2.5B

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

0.75	ZVOI	Zovio Inc	Pair Corr
0.72	EEIQ	Elite Education Group	Pair Corr
0.71	IH	IhumanInc	Pair Corr
0.69	BTCTW	BTC Digital Symbol Change	Pair Corr
0.65	COE	51Talk Online Education Earnings Call Tomorrow	Pair Corr

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 Correlation Correlation 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:

How To Invest In New

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Is New Stock a good investment?

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What is New Oriental's Net Worth?

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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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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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.

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New Net Income vs Income Tax Expense Analysis

Net Income vs Income Tax Expense

Net Income vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Net Income

Income Tax Expense

New Oriental fundamental ratios Correlations

New Oriental Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Oriental fundamental ratios Accounts

Pair Trading with New Oriental

Moving against New Stock

Complementary Tools for New Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Common Stock Shares Outstanding
Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Cash And Short Term Investments	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets
Current Deferred Revenue	+ 0.99	Total Current Liabilities

Other Current Assets	- 0.69	Net Debt
Inventory	- 0.53	Net Debt
Other Current Assets	- 0.5	Long Term Debt
Accounts Payable	- 0.47	Net Debt
Other Assets	- 0.43	Net Debt
Preferred Stock Total Equity	- 0.42	Net Debt