New Oriental Education & Technology Group (New Oriental Education & Technology Group) Change In Receivables : $0 Mil (TTM As of Feb. 2024)

View and export this data going back to 2006. Start your Free Trial

What is New Oriental Education & Technology Group Change In Receivables?

New Oriental Education & Technology Group's change in receivables for the quarter that ended in Feb. 2024 was $0 Mil. It means New Oriental Education & Technology Group's Accounts Receivable stayed the same from Nov. 2023 to Feb. 2024 .

New Oriental Education & Technology Group's change in receivables for the fiscal year that ended in May. 2023 was $10 Mil. It means New Oriental Education & Technology Group's Accounts Receivable declined by $10 Mil from May. 2022 to May. 2023 .

New Oriental Education & Technology Group's Accounts Receivable for the quarter that ended in Feb. 2024 was $31 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. New Oriental Education & Technology Group's Days Sales Outstanding for the three months ended in Feb. 2024 was 2.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. New Oriental Education & Technology Group's liquidation value for the three months ended in Feb. 2024 was $1,597 Mil.

New Oriental Education & Technology Group Change In Receivables Historical Data

The historical data trend for New Oriental Education & Technology Group's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

New Oriental Education & Technology Group Change In Receivables Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Receivables

Get a 7-Day Free Trial

-3.53

12.68

-5.29

-31.03

10.37

New Oriental Education & Technology Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

New Oriental Education & Technology Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

New Oriental Education & Technology Group (NYSE:EDU) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

New Oriental Education & Technology Group's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.565	/	1207.286	*	91
=	2.31

2. In Ben Graham's calculation of liquidation value, New Oriental Education & Technology Group's accounts receivable are only considered to be worth 75% of book value:

New Oriental Education & Technology Group's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	4565.466	-	3039.46	+	0.75 * 30.565	+	0.5 * 96.519
=	1,597

New Oriental Education & Technology Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

New Oriental Education & Technology Group (New Oriental Education & Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

EDUN:Mexico 09901:Hong Kong 0K75:UK N1U0:Germany E1DU34:Brazil

Address

No. 6 Hai Dian Zhong Street, Haidian District, Beijing, CHN, 100080

Website

https://www.neworiental.org

New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55.7% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.