New Oriental Education & Technology Group (New Oriental Education & Technology Group) Current Accrued Expense : $624 Mil (As of Feb. 2024)

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

What is New Oriental Education & Technology Group Current Accrued Expense?

New Oriental Education & Technology Group's Current Accrued Expense for the quarter that ended in Feb. 2024 was $624 Mil.

New Oriental Education & Technology Group's quarterly Current Accrued Expense increased from Aug. 2023 ($553 Mil) to Nov. 2023 ($591 Mil) and increased from Nov. 2023 ($591 Mil) to Feb. 2024 ($624 Mil).

New Oriental Education & Technology Group's annual Current Accrued Expense declined from May. 2021 ($516 Mil) to May. 2022 ($260 Mil) but then increased from May. 2022 ($260 Mil) to May. 2023 ($310 Mil).

New Oriental Education & Technology Group Current Accrued Expense Historical Data

The historical data trend for New Oriental Education & Technology Group's Current Accrued Expense 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 Current Accrued Expense Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Current Accrued Expense

Get a 7-Day Free Trial

318.57

370.28

515.73

260.11

309.71

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
Current Accrued Expense	Get a 7-Day Free Trial															447.20	309.71	552.79	590.90	623.55

New Oriental Education & Technology Group Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

New Oriental Education & Technology Group Current Accrued Expense Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Current Accrued Expense 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 » Current Accrued Expense

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.