New Oriental Education & Technology Group Inc.

$EDU Market Cap: $10.48 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.649B

TTM

Gross Margin

52.41%

TTM

Net Earnings

$389.6M

TTM

Current Assets

$5.491B

Q3 2024

Current Liabilities

$2.966B

Q3 2024

Current Ratio

185.17%

Q3 2024

Total Assets

$7.709B

Q3 2024

Total Liabilities

$3.740B

Q3 2024

Book Value

$3.969B

Q3 2024

Cash

$1.147B

Q3 2024

P/E

26.90

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$4.314B	$2.998B	$3.105B	$4.277B	$3.579B	$3.097B	$2.447B	$1.800B	$1.478B	$1.247B	$1.139B	$959.9M	$753.2M	$539.9M	$386.3M	$292.6M	$201.0M	$133.0M	$95.20M	$77.70M	$53.40M
YoY Change	43.89%	-3.46%	-27.39%	19.5%	15.57%	26.52%	36.0%	21.73%	18.57%	9.47%	18.65%	27.44%	39.51%	39.76%	32.02%	45.57%	51.13%	39.71%	22.52%	45.51%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$4.314B	$2.998B	$3.105B	$4.277B	$3.579B	$3.097B	$2.447B	$1.800B	$1.478B	$1.247B	$1.139B	$959.9M	$753.2M	$539.9M	$386.3M	$292.6M	$201.0M	$133.0M	$95.20M	$77.70M	$53.40M
Cost Of Revenue	$2.051B	$1.409B	$1.754B	$2.037B	$1.589B	$1.376B	$1.066B	$749.6M	$614.4M	$526.3M	$451.7M	$384.2M	$293.1M	$213.8M	$147.3M	$112.0M	$77.20M	$53.90M	$39.70M	$33.10M	$23.10M
Gross Profit	$2.263B	$1.588B	$1.351B	$2.240B	$1.990B	$1.720B	$1.382B	$1.050B	$864.0M	$720.4M	$687.2M	$575.7M	$460.1M	$326.1M	$239.0M	$180.6M	$123.8M	$79.20M	$55.60M	$44.70M	$30.30M
Gross Profit Margin	52.45%	52.98%	43.51%	52.37%	55.6%	55.55%	56.46%	58.34%	58.45%	57.78%	60.34%	59.97%	61.09%	60.4%	61.87%	61.72%	61.59%	59.55%	58.4%	57.53%	56.74%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$1.912B	$1.398B	$2.333B	$2.061B	$1.591B	$1.418B	$1.119B	$787.8M	$668.9M	$566.9M	$493.3M	$453.1M	$340.0M	$230.4M	$161.7M	$119.6M	$78.40M	$52.70M	$47.60M	$31.20M	$24.80M
YoY Change	36.75%	-40.08%	13.22%	29.56%	12.16%	26.78%	42.0%	17.78%	17.99%	14.92%	8.87%	33.26%	47.57%	42.49%	35.2%	52.55%	48.77%	10.71%	52.56%	25.81%
% of Gross Profit	84.51%	88.03%	172.73%	92.03%	79.95%	82.45%	80.97%	75.04%	77.42%	78.69%	71.78%	78.7%	73.9%	70.65%	67.66%	66.22%	63.33%	66.54%	85.61%	69.8%	81.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$100.6M	$117.0M	$192.3M	$230.2M	$151.0M	$114.0M	$79.00M	$55.40M	$48.50M	$47.40M	$43.80M	$39.20M	$26.30M	$17.00M	$12.40M	$10.60M	$7.800M	$6.900M	$5.200M	$3.000M	$2.300M
YoY Change	-14.0%	-39.14%	-16.46%	52.44%	32.46%	44.3%	42.6%	14.23%	2.32%	8.22%	11.73%	49.05%	54.71%	37.1%	16.98%	35.9%	13.04%	32.69%	73.33%	30.43%
% of Gross Profit	4.45%	7.37%	14.23%	10.28%	7.59%	6.63%	5.72%	5.28%	5.61%	6.58%	6.37%	6.81%	5.72%	5.21%	5.19%	5.87%	6.3%	8.71%	9.35%	6.71%	7.59%
Operating Expenses	$1.912B	$1.398B	$2.333B	$2.061B	$1.591B	$1.418B	$1.119B	$787.8M	$668.9M	$566.9M	$493.2M	$453.1M	$339.9M	$230.4M	$161.7M	$119.6M	$78.50M	$52.70M	$47.60M	$31.20M	$24.80M
YoY Change	36.75%	-40.08%	13.22%	29.57%	12.16%	26.77%	42.02%	17.78%	17.99%	14.94%	8.85%	33.3%	47.53%	42.49%	35.2%	52.36%	48.96%	10.71%	52.56%	25.81%
Operating Profit	$350.4M	$190.0M	-$982.5M	$178.6M	$399.1M	$301.9M	$262.9M	$262.1M	$195.1M	$153.5M	$194.0M	$122.6M	$120.2M	$95.70M	$77.30M	$61.00M	$45.30M	$26.50M	$8.000M	$13.50M	$5.500M
YoY Change	84.39%	-119.34%	-650.12%	-55.25%	32.2%	14.83%	0.31%	34.34%	27.1%	-20.88%	58.24%	2.0%	25.6%	23.8%	26.72%	34.66%	70.94%	231.25%	-40.74%	145.45%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$19.03M	-$860.0K	-$14.93M	$134.5M	$93.40M	$17.70M	$92.20M	$68.50M	$66.90M	$66.60M	$44.90M	$30.10M	$25.50M	$13.00M	$6.500M	$6.600M	$8.000M	$4.300M	-$1.300M	-$300.0K	$100.0K
YoY Change	-2312.21%	-94.24%	-111.1%	43.98%	427.68%	-80.8%	34.6%	2.39%	0.45%	48.33%	49.17%	18.04%	96.15%	100.0%	-1.52%	-17.5%	86.05%	-430.77%	333.33%	-400.0%
% of Operating Profit	5.43%	-0.45%		75.29%	23.4%	5.86%	35.07%	26.14%	34.29%	43.39%	23.14%	24.55%	21.21%	13.58%	8.41%	10.82%	17.66%	16.23%	-16.25%	-2.22%	1.82%
Other Income/Expense, Net	$124.4M	$119.3M	-$35.05M	$103.4M	$27.10M	-$1.400M	$2.800M	$2.400M	$1.600M	$300.0K	$800.0K	$800.0K	$1.000M	$1.200M	-$300.0K	$600.0K	-$900.0K	-$100.0K	$0.00	$100.0K	$300.0K
YoY Change	4.23%	-440.48%	-133.89%	281.71%	-2035.71%	-150.0%	16.67%	50.0%	433.33%	-62.5%	0.0%	-20.0%	-16.67%	-500.0%	-150.0%	-166.67%	800.0%		-100.0%	-66.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$493.8M	$308.5M	-$1.032B	$315.0M	$487.8M	$315.8M	$357.0M	$330.7M	$267.3M	$220.5M	$243.2M	$153.5M	$146.7M	$108.4M	$83.50M	$68.10M	$52.50M	$30.60M	$6.600M	$13.20M	$6.000M
YoY Change	60.06%	-129.88%	-427.8%	-35.43%	54.46%	-11.54%	7.95%	23.72%	21.22%	-9.33%	58.44%	4.64%	35.33%	29.82%	22.61%	29.71%	71.57%	363.64%	-50.0%	120.0%
Income Tax	$109.7M	$66.07M	$136.3M	$83.59M	$134.4M	$85.70M	$59.40M	$50.60M	$37.50M	$26.20M	$26.00M	$15.40M	$10.80M	$8.200M	$6.000M	$7.300M	$3.600M	$1.800M	$1.700M	$700.0K	$300.0K
% Of Pretax Income	22.21%	21.41%		26.54%	27.55%	27.14%	16.64%	15.3%	14.03%	11.88%	10.69%	10.03%	7.36%	7.56%	7.19%	10.72%	6.86%	5.88%	25.76%	5.3%	5.0%
Net Earnings	$309.6M	$177.3M	-$1.188B	$334.4M	$413.3M	$238.1M	$296.1M	$274.5M	$224.9M	$193.0M	$215.7M	$136.3M	$132.7M	$101.8M	$77.80M	$61.00M	$49.00M	$28.90M	$6.100M	$17.20M	$6.300M
YoY Change	74.57%	-114.93%	-455.16%	-19.09%	73.58%	-19.59%	7.87%	22.05%	16.53%	-10.52%	58.25%	2.71%	30.35%	30.85%	27.54%	24.49%	69.55%	373.77%	-64.53%	173.02%
Net Earnings / Revenue	7.18%	5.92%	-38.25%	7.82%	11.55%	7.69%	12.1%	15.25%	15.21%	15.48%	18.94%	14.2%	17.62%	18.86%	20.14%	20.85%	24.38%	21.73%	6.41%	22.14%	11.8%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.18	$0.10	-$692.9K	$2.024M	$259.1K	$149.7K	$188.1K	$173.7K	$142.9K	$122.7K	$136.6K	$86.36K	$84.59K	$65.23K	$50.25K	$39.73K	$31.32K	$20.34K	$5.490K	$16.41K	$4.465K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$4.775B	$3.997B	$4.191B	$6.261B	$3.518B	$3.192B	$2.715B	$2.166B	$1.734B	$1.200B	$1.114B	$972.2M	$800.1M	$613.6M	$419.0M	$314.6M	$261.4M	$207.6M	$32.60M	$40.10M	$28.00M
YoY Change	19.48%	-4.64%	-33.06%	77.96%	10.23%	17.56%	25.35%	24.9%	44.46%	7.8%	14.53%	21.51%	30.39%	46.44%	33.18%	20.35%	25.92%	536.81%	-18.7%	43.21%
Cash & Equivalents	$1.389B	$1.663B	$1.149B	$1.612B	$915.1M	$1.414B	$983.3M	$641.0M	$709.2M	$531.3M	$371.6M	$417.2M	$428.3M	$317.3M	$281.1M	$254.8M	$208.4M	$204.6M	$32.60M	$40.10M	$25.20M
Short-Term Investments	$3.386B	$2.334B	$3.042B	$4.649B	$2.603B	$1.777B	$1.732B	$1.525B	$1.025B	$669.0M	$741.9M	$555.0M	$371.8M	$296.4M	$137.9M	$59.80M	$53.00M	$3.000M	$0.00	$0.00	$2.800M
Other Short-Term Assets	$486.9M	$322.1M	$215.4M	$150.1M	$111.0M	$197.7M	$179.6M	$117.1M	$97.30M	$114.8M	$89.50M	$69.30M	$70.40M	$40.90M	$24.40M	$15.40M	$13.20M	$6.100M	$4.500M	$5.800M	$6.200M
YoY Change	51.14%	49.55%	43.52%	35.21%	-43.85%	10.08%	53.37%	20.35%	-15.24%	28.27%	29.15%	-1.56%	72.13%	67.62%	58.44%	16.67%	116.39%	35.56%	-22.41%	-6.45%
Inventory	$92.81M	$52.69M	$27.93M	$31.18M	$31.30M	$29.00M	$40.20M	$31.70M	$27.30M	$24.00M	$22.40M	$22.50M	$20.10M	$18.00M	$17.20M	$15.20M	$10.70M	$6.400M	$4.500M	$3.100M	$3.100M
Prepaid Expenses
Receivables	$34.09M	$42.46M	$39.68M	$12.57M	$7.400M	$45.70M	$3.900M	$9.300M	$8.300M	$7.800M	$6.900M	$5.900M	$3.800M	$1.700M	$1.900M	$1.500M	$700.0K	$400.0K	$400.0K	$300.0K	$200.0K
Other Receivables	$0.00	$0.00	$0.00	$119.4M	$88.60M	$2.300M	$3.500M	$2.300M	$2.500M	$2.000M	$1.400M	$900.0K	$1.100M	$1.000M	$1.300M	$1.100M	$900.0K	$600.0K	$300.0K	$100.0K	$200.0K
Total Short-Term Assets	$5.389B	$4.414B	$4.474B	$6.574B	$3.756B	$3.466B	$2.942B	$2.326B	$1.869B	$1.349B	$1.234B	$1.071B	$895.4M	$675.3M	$463.8M	$347.7M	$286.8M	$221.1M	$42.40M	$49.50M	$37.70M
YoY Change	22.09%	-1.34%	-31.95%	75.01%	8.37%	17.82%	26.46%	24.45%	38.58%	9.34%	15.21%	19.59%	32.59%	45.6%	33.39%	21.23%	29.72%	421.46%	-14.34%	31.3%
Property, Plant & Equipment	$1.162B	$799.3M	$933.8M	$2.723B	$2.098B	$532.0M	$449.6M	$282.8M	$237.7M	$231.5M	$225.3M	$247.3M	$204.3M	$160.4M	$118.1M	$109.8M	$103.1M	$90.70M	$88.10M	$79.50M	$22.00M
YoY Change	45.36%	-14.4%	-65.7%	29.78%	294.34%	18.33%	58.98%	18.97%	2.68%	2.75%	-8.9%	21.05%	27.37%	35.82%	7.56%	6.5%	13.67%	2.95%	10.82%	261.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$525.0M	$399.6M	$437.9M	$537.7M	$493.2M	$454.4M	$473.4M	$241.3M	$193.8M	$341.3M	$129.7M	$20.90M	$14.80M	$7.800M	$3.700M	$2.000M	$2.000M	$0.00	$0.00
YoY Change	31.39%	-8.75%	-18.56%	9.03%	8.54%	-4.01%	96.19%	24.51%	-43.22%	163.15%	520.57%	41.22%	89.74%	110.81%	85.0%	0.0%
Other Assets	$326.0M	$647.3M	$112.0M	$234.3M	$90.00M	$92.70M	$66.50M	$51.10M	$35.20M	$9.100M	$5.100M	$4.400M	$6.700M	$3.800M	$3.400M	$2.400M	$1.000M	$1.100M	$900.0K	$1.400M	$17.10M
YoY Change	-49.64%	477.77%	-52.19%	160.38%	-2.91%	39.4%	30.14%	45.17%	286.81%	78.43%	15.91%	-34.33%	76.32%	11.76%	41.67%	140.0%	-9.09%	22.22%	-35.71%	-91.81%
Total Long-Term Assets	$2.143B	$1.979B	$1.561B	$3.577B	$2.801B	$1.180B	$1.036B	$598.7M	$485.5M	$602.6M	$369.8M	$282.6M	$233.4M	$188.1M	$132.6M	$121.7M	$109.9M	$95.20M	$93.40M	$85.00M	$42.40M
YoY Change	8.3%	26.77%	-56.37%	27.72%	137.25%	13.96%	73.01%	23.32%	-19.43%	62.95%	30.86%	21.08%	24.08%	41.86%	8.96%	10.74%	15.44%	1.93%	9.88%	100.47%
Total Assets	$7.532B	$6.392B	$6.035B	$10.15B	$6.557B	$4.647B	$3.978B	$2.925B	$2.355B	$1.952B	$1.604B	$1.353B	$1.129B	$863.4M	$596.4M	$469.4M	$396.7M	$316.3M	$135.8M	$134.5M	$80.10M
YoY Change
Accounts Payable	$106.2M	$70.11M	$22.52M	$38.47M	$34.70M	$34.50M	$39.90M	$24.30M	$21.40M	$19.90M	$8.600M	$9.700M	$9.100M	$9.500M	$11.10M	$9.400M	$7.000M	$5.700M	$4.600M	$3.100M	$3.900M
YoY Change	51.52%	211.39%	-41.48%	10.88%	0.58%	-13.53%	64.2%	13.55%	7.54%	131.4%	-11.34%	6.59%	-4.21%	-14.41%	18.09%	34.29%	22.81%	23.91%	48.39%	-20.51%
Accrued Expenses	$974.7M	$725.2M	$678.9M	$1.022B	$744.7M	$312.5M	$234.5M	$194.9M	$165.5M	$128.3M	$112.2M	$84.00M	$99.80M	$77.00M	$44.80M	$29.90M	$28.90M	$7.500M	$2.900M	$2.200M	$2.100M
YoY Change	34.41%	6.82%	-33.58%	37.25%	138.3%	33.26%	20.32%	17.76%	28.99%	14.35%	33.57%	-15.83%	29.61%	71.88%	49.83%	3.46%	285.33%	158.62%	31.82%	4.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$4.400M	$9.100M	$11.00M
YoY Change																		-100.0%	-51.65%	-17.27%
Long-Term Debt Due																		$0.00	$5.900M	$4.400M	$0.00
YoY Change																		-100.0%	34.09%
Total Short-Term Liabilities	$3.001B	$2.251B	$1.710B	$3.471B	$2.479B	$2.006B	$1.751B	$1.203B	$918.2M	$725.2M	$576.1M	$489.8M	$438.3M	$288.0M	$168.7M	$117.8M	$97.90M	$68.90M	$58.00M	$54.10M	$45.50M
YoY Change	33.31%	31.63%	-50.74%	40.01%	23.59%	14.58%	45.58%	30.98%	26.61%	25.88%	17.62%	11.75%	52.19%	70.72%	43.21%	20.33%	42.09%	18.79%	7.21%	18.9%
Long-Term Debt	$14.40M	$14.65M	$65.39M	$297.6M	$117.9M	$96.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.80M	$21.70M	$6.600M
YoY Change	-1.71%	-77.59%	-78.03%	152.44%	22.18%													-100.0%	-41.01%	228.79%
Other Long-Term Liabilities	$448.0M	$288.2M	$446.4M	$1.351B	$1.078B						$0.00	$4.500M						$0.00	$0.00	$0.00	$0.00
YoY Change	55.45%	-35.44%	-66.95%	25.3%							-100.0%
Total Long-Term Liabilities	$462.4M	$302.8M	$511.8M	$1.648B	$1.196B	$96.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$4.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$12.80M	$21.70M	$6.600M
YoY Change	52.69%	-40.83%	-68.95%	37.84%	1139.17%						-100.0%							-100.0%	-41.01%	228.79%
Total Liabilities	$3.756B	$2.788B	$2.329B	$5.238B	$3.824B	$2.286B	$1.986B	$1.244B	$950.3M	$731.2M	$577.8M	$496.2M	$438.4M	$289.1M	$168.9M	$118.2M	$98.10M	$69.20M	$70.80M	$76.00M	$53.00M
YoY Change	34.71%	19.7%	-55.53%	36.99%	67.27%	15.09%	59.65%	30.91%	29.96%	26.55%	16.44%	13.18%	51.64%	71.17%	42.89%	20.49%	41.76%	-2.26%	-6.84%	43.4%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020
Basic Shares Outstanding	1.654B	1.678B	1.696B	1.645B	1.584B
Diluted Shares Outstanding	1.669B	1.686B	1.696B	1.652B	1.595B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.48 Billion

About New Oriental Education & Technology Group Inc.

New Oriental Education & Technology Group Inc is a CN-based company operating in Diversified Consumer Services industry. The company is headquartered in Beijing, Beijing and currently employs 67,935 full-time employees. The company went IPO on 2006-09-07. New Oriental Education & Technology Group Inc is a China-based company mainly engaged in delivering comprehensive educational programs, services and products to students through its nationwide physical network of schools, learning centers and bookstores, as well as pure-play online learning platforms. The firm primarily operates through four segments. The Educational Services and Test Preparation Courses segment mainly provides K-12 after school training (AST), test preparation, and other courses. The Online Education and Other Services segment mainly provides online education. The Overseas Study Consulting Services segment mainly provides overseas study consulting services. The Educational Materials and Distribution segment is mainly engaged in distributing and selling books and other educational materials through its distribution channels, which consist of bookstores operated by the Company and third-party distributors.

Industry: Services-Educational Services Peers: Meta Data Ltd