New Oriental Education & Technology Group (New Oriental Education & Technology Group) Days Payable

: 20.03 (As of Nov. 2023)

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New Oriental Education & Technology Group's average Accounts Payable for the three months ended in Nov. 2023 was $93 Mil. New Oriental Education & Technology Group's Cost of Goods Sold for the three months ended in Nov. 2023 was $423 Mil. Hence, New Oriental Education & Technology Group's Days Payable for the three months ended in Nov. 2023 was 20.03.

The historical rank and industry rank for New Oriental Education & Technology Group's Days Payable or its related term are showing as below:

EDU' s Days Payable Range Over the Past 10 Years
Min: 6.32 Med: 9.5 Max: 19.15
Current: 19.15

During the past 13 years, New Oriental Education & Technology Group's highest Days Payable was 19.15. The lowest was 6.32. And the median was 9.50.

EDU's Days Payable is ranked worse than
66.82% of 211 companies
in the Education industry
Industry Median: 35.9 vs EDU: 19.15

New Oriental Education & Technology Group's Days Payable increased from Nov. 2022 (16.96) to Nov. 2023 (20.03). It may suggest that New Oriental Education & Technology Group delayed paying its suppliers.

New Oriental Education & Technology Group Days Payable Historical Data

The historical data trend for New Oriental Education & Technology Group's Days Payable 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.

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New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

9.81

7.72

6.41

6.32

11.92

New Oriental Education & Technology Group Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable																16.96	21.12	18.56	15.13	20.03

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Oriental Education & Technology Group Days Payable Distribution

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Days Payable falls into.

New Oriental Education & Technology Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

New Oriental Education & Technology Group's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (22.289	+	69.764)	/	2 )	/	1409.438	*	365
=	46.0265					/	1409.438	*	365
=	11.92

New Oriental Education & Technology Group's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (76.555	+	108.949)	/	2 )	/	422.558	*	365 / 4
=	92.752					/	422.558	*	365 / 4
=	20.03

New Oriental Education & Technology Group Days Payable Related Terms

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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 » Days Payable

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.