New Oriental Education & Technology Group (New Oriental Education & Technology Group) Days Sales Outstanding

: 3.61 (As of Nov. 2023)

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New Oriental Education & Technology Group's average Accounts Receivable for the three months ended in Nov. 2023 was $34 Mil. New Oriental Education & Technology Group's Revenue for the three months ended in Nov. 2023 was $870 Mil. Hence, New Oriental Education & Technology Group's Days Sales Outstanding for the three months ended in Nov. 2023 was 3.61.

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

EDU' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.38 Med: 0.85 Max: 3.23
Current: 3.23

During the past 13 years, New Oriental Education & Technology Group's highest Days Sales Outstanding was 3.23. The lowest was 0.38. And the median was 0.85.

EDU's Days Sales Outstanding is ranked better than
88.71% of 248 companies
in the Education industry
Industry Median: 28.14 vs EDU: 3.23

New Oriental Education & Technology Group's Days Sales Outstanding increased from Nov. 2022 (3.05) to Nov. 2023 (3.61).

New Oriental Education & Technology Group Days Sales Outstanding Historical Data

The historical data trend for New Oriental Education & Technology Group's Days Sales Outstanding 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 Sales Outstanding

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0.38

0.55

1.47

3.01

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 Sales Outstanding	Get a 7-Day Free Trial															3.05	3.43	3.28	2.84	3.61

Competitive Comparison

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution

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

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

New Oriental Education & Technology Group Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: May. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )	/	Revenue (A: May. 2023 )	*	Days in Period
=	( (16.43	+	33.074)	/	2 )	/	2997.76	*	365
=	24.752					/	2997.76	*	365
=	3.01

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

	Days Sales Outstanding (Q: Nov. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )	/	Revenue (A: Nov. 2023 )	*	Days in Period
=	( (35.278	+	33.484)	/	2 )	/	869.6	*	365 / 4
=	34.381					/	869.6	*	365 / 4
=	3.61

New Oriental Education & Technology Group (NYSE:EDU) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

New Oriental Education & Technology Group Days Sales Outstanding 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 Sales Outstanding

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.