New Oriental Historical Balance Sheet

EDU -  USA Stock  

USD 1.99  0.09  4.74%

Trend analysis of New Oriental Education balance sheet accounts such as Assets Non Current of 3.5 B or Cash and Equivalents of 944 M 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. Financial Statement Analysis is much more than just reviewing and breaking down New Oriental Education prevalent 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 Oriental 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 Oriental 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.
New Oriental Current Liabilities is comparatively stable at the moment as compared to the past year. New Oriental reported Current Liabilities of 2.85 Billion in 2020. Liabilities Non Current is likely to gain to about 1.5 B in 2021, whereas Deferred Revenue is likely to drop slightly above 1.2 B in 2021.

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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of New Oriental Education include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of New Oriental. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on New Oriental Education balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on New Oriental books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from New Oriental balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.New Oriental Current Liabilities is comparatively stable at the moment as compared to the past year. New Oriental reported Current Liabilities of 2.85 Billion in 2020. Liabilities Non Current is likely to gain to about 1.5 B in 2021, whereas Deferred Revenue is likely to drop slightly above 1.2 B in 2021.
 2018 2019 2020 2021 (projected)
Current Assets3.47 B3.76 B4.32 B4.66 B
Total Assets4.65 B6.56 B7.54 B8.14 B

New Oriental balance sheet Correlations

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0.880.790.950.44-0.781.00.680.790.810.520.820.840.670.920.840.980.310.980.650.80.78
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0.920.830.980.470.98-0.830.980.680.790.860.530.850.870.70.950.870.321.00.70.840.82
0.40.420.370.450.31-0.270.310.440.390.380.40.390.390.350.40.430.320.340.330.410.41
0.940.860.990.530.98-0.830.980.730.830.880.590.890.90.750.970.911.00.340.720.870.86
0.840.860.780.860.65-0.570.650.80.840.930.510.820.810.760.820.850.70.330.720.90.9
0.980.990.930.860.8-0.70.80.940.970.980.790.980.980.930.960.990.840.410.870.91.0
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New Oriental Account Relationship Matchups

New Oriental balance sheet Accounts

201620172018201920202021 (projected)
Accumulated Other Comprehensive Income62.95 M39.16 M244.89 M(23.01 M)(26.46 M)(27.15 M)
Total Assets2.92 B3.98 B4.65 B6.56 B7.54 B8.14 B
Current Assets2.33 B2.94 B3.47 B3.76 B4.32 B4.66 B
Assets Non Current598.72 M1.04 B1.18 B2.8 B3.22 B3.47 B
Cash and Equivalents641.06 M983.37 M1.41 B915.06 M1.05 B943.98 M
Cash and Equivalents USD641.06 M983.37 M1.41 B915.06 M1.05 B943.98 M
Deferred Revenue866.63 M1.27 B1.3 B1.32 B1.52 B1.21 B
Shareholders Equity1.68 B1.99 B2.36 B2.73 B3.14 B2.5 B
Shareholders Equity USD1.68 B1.99 B2.36 B2.73 B3.14 B2.5 B
Goodwill and Intangible Assets21.76 M44.06 M99.95 M96.65 M111.15 M119.92 M
Inventory31.74 M40.17 M29.05 M31.32 M36.02 M34.39 M
Investments1.55 B2.06 B2.08 B2.75 B3.17 B3.42 B
Investments Current1.33 B1.62 B1.67 B2.32 B2.67 B2.88 B
Investments Non Current220.87 M436.73 M408.72 M435.47 M500.79 M540.32 M
Total Liabilities1.2 B1.76 B2.12 B3.69 B4.24 B4.57 B
Current Liabilities1.2 B1.75 B2.01 B2.48 B2.85 B3.08 B
Liabilities Non Current2.22 M12.13 M115.24 M1.21 B1.39 B1.5 B
Trade and Non Trade Payables24.31 M39.89 M34.06 M33.15 M38.12 M35.35 M
Property Plant and Equipment Net282.8 M449.59 M532.01 M2.1 B2.41 B2.6 B
Trade and Non Trade Receivables11.04 M7 M47.15 M30.27 M34.81 M37.56 M
Accumulated Retained Earnings Deficit1.17 B1.35 B1.65 B1.99 B2.28 B2.46 B
Tax Assets28.86 M43.32 M61.47 M63.32 M72.82 M78.57 M
Tax Liabilities53.27 M79.37 M112.85 M113.29 M130.28 M140.57 M

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 Oriental. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EDU

New Oriental Education Investor Sentiment

Greater number of Macroaxis users are currently bullish on New Oriental Education. What is your trading attitude regarding investing in New Oriental Education? Are you bullish or bearish?
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98% Bullish
2% Bearish
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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.

New Oriental Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for New Oriental and China Online Education. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Investing Opportunities. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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The market value of New Oriental Education is measured differently than its book value, which is the value of New Oriental 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 Education underlying business (such as 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 New Oriental value 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.