New Net Invested Capital vs Total Current Assets Analysis

EDU Stock  USD 63.17  0.15  0.24%   
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 Invested Capital and its Total Current 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 closely tied with the direction of predictive economic indicators such as signals in unemployment.

Net Invested Capital vs Total Current Assets

Net Invested Capital vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Oriental Education Net Invested Capital account and Total Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between New Oriental's Net Invested Capital and Total Current Assets is 0.93. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Total Current 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 Net Invested Capital and Total Current 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 Net Invested Capital of New Oriental Education are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Net Invested Capital i.e., New Oriental's Net Invested Capital and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
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 closely tied with the direction of predictive economic indicators such as signals in unemployment.
At this time, New Oriental's Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 41.07 in 2024, whereas Tax Provision is likely to drop slightly above 86.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.6B2.3B2.4B
Total Revenue3.1B3.0B4.3B4.5B

New Oriental fundamental ratios Correlations

0.820.610.980.980.170.840.680.990.570.790.850.980.990.810.720.260.990.650.720.510.80.650.80.820.95
0.820.310.760.760.680.580.320.770.320.980.590.880.750.740.320.580.810.250.350.190.460.350.970.980.68
0.610.310.560.68-0.260.720.610.620.420.320.750.510.630.370.52-0.310.560.420.510.210.670.420.340.340.53
0.980.760.560.950.10.810.730.970.550.730.780.980.980.820.790.20.960.720.730.580.860.650.740.770.99
0.980.760.680.950.060.860.690.990.620.720.910.940.990.750.720.210.980.650.760.510.780.690.730.750.92
0.170.68-0.260.10.06-0.13-0.270.09-0.240.67-0.030.290.060.23-0.30.580.18-0.33-0.26-0.23-0.22-0.250.650.63-0.01
0.840.580.720.810.86-0.130.540.850.640.620.740.790.850.810.560.230.80.460.560.370.770.690.650.670.81
0.680.320.610.730.69-0.270.540.680.330.230.760.630.720.290.96-0.420.640.920.890.750.860.530.230.290.73
0.990.770.620.970.990.090.850.680.60.740.870.961.00.790.730.240.990.660.750.520.790.670.750.770.95
0.570.320.420.550.62-0.240.640.330.60.30.490.50.60.560.420.210.560.480.450.470.460.930.340.350.56
0.790.980.320.730.720.670.620.230.740.30.530.850.720.790.240.620.780.150.260.120.430.310.990.990.65
0.850.590.750.780.91-0.030.740.760.870.490.530.750.880.430.71-0.040.850.660.840.530.680.60.520.550.73
0.980.880.510.980.940.290.790.630.960.50.850.750.950.850.680.340.970.60.640.470.780.580.860.880.95
0.990.750.630.980.990.060.850.721.00.60.720.880.950.770.760.20.990.70.770.560.80.690.720.750.96
0.810.740.370.820.750.230.810.290.790.560.790.430.850.770.390.520.790.310.290.270.630.570.830.830.82
0.720.320.520.790.72-0.30.560.960.730.420.240.710.680.760.39-0.350.690.980.910.820.850.620.240.30.81
0.260.58-0.310.20.210.580.23-0.420.240.210.62-0.040.340.20.52-0.350.29-0.37-0.25-0.3-0.110.070.630.60.18
0.990.810.560.960.980.180.80.640.990.560.780.850.970.990.790.690.290.630.720.510.730.640.780.80.94
0.650.250.420.720.65-0.330.460.920.660.480.150.660.60.70.310.98-0.370.630.910.890.750.680.150.210.75
0.720.350.510.730.76-0.260.560.890.750.450.260.840.640.770.290.91-0.250.720.910.770.690.640.240.30.74
0.510.190.210.580.51-0.230.370.750.520.470.120.530.470.560.270.82-0.30.510.890.770.540.750.110.190.6
0.80.460.670.860.78-0.220.770.860.790.460.430.680.780.80.630.85-0.110.730.750.690.540.560.460.490.87
0.650.350.420.650.69-0.250.690.530.670.930.310.60.580.690.570.620.070.640.680.640.750.560.340.380.67
0.80.970.340.740.730.650.650.230.750.340.990.520.860.720.830.240.630.780.150.240.110.460.341.00.66
0.820.980.340.770.750.630.670.290.770.350.990.550.880.750.830.30.60.80.210.30.190.490.381.00.7
0.950.680.530.990.92-0.010.810.730.950.560.650.730.950.960.820.810.180.940.750.740.60.870.670.660.7
Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B10.2B6.0B6.4B7.5B7.9B
Short Long Term Debt Total1.6B2.2B680.4M458.6M662.3M779.3M
Other Current Liab737.6M355.1M1.4B1.9B702.2M737.3M
Total Current Liabilities2.5B3.5B1.7B2.3B3.0B3.2B
Total Stockholder Equity2.7B4.9B3.7B3.6B3.8B4.0B
Net Debt665.0M550.1M(468.2M)(1.2B)(727.0M)(690.7M)
Cash915.1M1.6B1.1B1.7B1.4B698.5M
Other Assets174.8M224.5M111.8M647.3M744.4M781.6M
Cash And Short Term Investments3.5B6.3B4.2B4.0B4.8B5.0B
Common Stock Shares Outstanding159.5M165.2M169.6M168.6M166.9M163.6M
Liabilities And Stockholders Equity6.6B10.2B6.0B6.4B7.5B7.9B
Non Current Liabilities Total1.2B1.7B531.0M326.7M481.8M265.6M
Other Stockholder Equity459.7M1.9B2.1B1.9B1.9B2.0B
Total Liab3.7B5.1B2.2B2.6B3.5B3.7B
Total Current Assets3.8B6.6B4.5B4.4B5.4B5.7B
Retained Earnings2.0B2.3B1.1B1.2B1.5B901.8M
Accounts Payable33.1M38.4M22.3M69.8M105.7M111.0M
Long Term Debt117.9M297.6M65.4M14.7M14.4M13.7M
Short Term Investments2.6B4.6B3.0B2.3B3.4B3.6B
Inventory31.3M31.2M27.9M52.7M92.8M97.4M
Other Current Assets14.6M273.4M238.6M331.5M491.3M515.8M
Intangible Assets16.3M18.8M6.4M28.5M23.1M24.3M
Property Plant Equipment2.1B2.7B933.8M799.3M919.2M562.5M
Property Plant And Equipment Net2.1B2.7B933.8M799.3M1.2B625.2M
Current Deferred Revenue1.3B1.9B933.1M1.3B1.8B1.9B
Non Current Assets Total2.8B3.6B1.6B2.0B2.1B2.2B
Non Currrent Assets Other111.5M120.9M91.7M127.0M256.1M268.9M
Net Receivables7.6M8.7M16.4M136.8M29.7M17.3M
Good Will80.4M73.3M70.8M105.5M104.0M109.2M
Property Plant And Equipment Gross2.1B2.7B933.8M799.3M1.6B1.7B
Accumulated Other Comprehensive Income289.2M709.3M576.8M437.3M390.0M261.7M
Short Term Debt384.2M1.0B168.6M155.8M273.1M197.3M
Other Liab18.8M11.9M13.2M19.2M22.1M23.2M
Long Term Investments431.1M537.7M437.9M862.3M525.0M410.6M
Net Tangible Assets2.3B2.6B4.8B3.6B4.2B2.5B

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