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New Oriental Education & Technology Group (New Oriental Education & Technology Group) Goodwill-to-Asset : 0.02 (As of Feb. 2024)


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What is New Oriental Education & Technology Group Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. New Oriental Education & Technology Group's Goodwill for the quarter that ended in Feb. 2024 was $104 Mil. New Oriental Education & Technology Group's Total Assets for the quarter that ended in Feb. 2024 was $7,190 Mil. Therefore, New Oriental Education & Technology Group's Goodwill to Asset Ratio for the quarter that ended in Feb. 2024 was 0.02.


New Oriental Education & Technology Group Goodwill-to-Asset Historical Data

The historical data trend for New Oriental Education & Technology Group's Goodwill-to-Asset 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 Goodwill-to-Asset Chart

New Oriental Education & Technology Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.01 0.01 0.01 0.02

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
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.02 0.02

Competitive Comparison of New Oriental Education & Technology Group's Goodwill-to-Asset

For the Education & Training Services subindustry, New Oriental Education & Technology Group's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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 Goodwill-to-Asset Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, New Oriental Education & Technology Group's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where New Oriental Education & Technology Group's Goodwill-to-Asset falls into.



New Oriental Education & Technology Group Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

New Oriental Education & Technology Group's Goodwill to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

Goodwill to Asset (A: May. 2023 )=Goodwill/Total Assets
=105.51/6392.458
=0.02

New Oriental Education & Technology Group's Goodwill to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Goodwill to Asset (Q: Feb. 2024 )=Goodwill/Total Assets
=104.47/7189.543
=0.01

* 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.


New Oriental Education & Technology Group  (NYSE:EDU) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


New Oriental Education & Technology Group Goodwill-to-Asset Related Terms

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

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