New Oriental Education & Technology Group (New Oriental Education & Technology Group) Scaled Net Operating Assets : 0.02 (As of Nov. 2023)

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What is New Oriental Education & Technology Group Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Oriental Education & Technology Group's operating assets for the quarter that ended in Nov. 2023 was $2,685 Mil. New Oriental Education & Technology Group's operating liabilities for the quarter that ended in Nov. 2023 was $2,525 Mil. New Oriental Education & Technology Group's Total Assets for the quarter that ended in Aug. 2023 was $6,675 Mil. Therefore, New Oriental Education & Technology Group's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2023 was 0.02.

New Oriental Education & Technology Group Scaled Net Operating Assets Historical Data

The historical data trend for New Oriental Education & Technology Group's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Scaled Net Operating Assets

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-0.14

0.20

0.14

0.03

0.05

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
Scaled Net Operating Assets	Get a 7-Day Free Trial															-	0.01	0.05	0.05	0.02

Competitive Comparison of New Oriental Education & Technology Group's Scaled Net Operating Assets

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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's Scaled Net Operating Assets Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Scaled Net Operating Assets falls into.

New Oriental Education & Technology Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Oriental Education & Technology Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2023 )
=	(Operating Assets (A: May. 2023 )	-	Operating Liabilities (A: May. 2023 ))	/	Total Assets (A: May. 2022 )
=	(2395.849	-	2119.075)	/	6034.666
=	0.05

where

	Operating Assets		(A: May. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	6392.458	-	3996.609
=	2395.849

	Operating Liabilities		(A: May. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2577.67	-	302.843	-	155.752
=	2119.075

New Oriental Education & Technology Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Nov. 2023 )
=	(Operating Assets (Q: Nov. 2023 )	-	Operating Liabilities (Q: Nov. 2023 ))	/	Total Assets (Q: Aug. 2023 )
=	(2685.012	-	2525.014)	/	6674.715
=	0.02

where

	Operating Assets		(Q: Nov. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	7131.494	-	4446.482
=	2685.012

	Operating Liabilities		(Q: Nov. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	3035.687	-	344.421	-	166.252
=	2525.014

New Oriental Education & Technology Group Scaled Net Operating Assets 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 » Scaled Net Operating Assets

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.