New Oriental Education & Technology Group (New Oriental Education & Technology Group) Gross-Profit-to-Asset % : 31.42% (As of Feb. 2024)

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What is New Oriental Education & Technology Group Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. New Oriental Education & Technology Group's annualized Gross Profit for the quarter that ended in Feb. 2024 was $2,250 Mil. New Oriental Education & Technology Group's average Total Assets over the quarter that ended in Feb. 2024 was $7,161 Mil. Therefore, New Oriental Education & Technology Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was 31.42%.

New Oriental Education & Technology Group Gross-Profit-to-Asset % Historical Data

The historical data trend for New Oriental Education & Technology Group's Gross-Profit-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.

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New Oriental Education & Technology Group Gross-Profit-to-Asset % Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Gross-Profit-to-Asset %

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39.89

35.52

26.81

16.69

25.56

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
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															25.24	29.88	40.33	25.90	31.42

Competitive Comparison of New Oriental Education & Technology Group's Gross-Profit-to-Asset %

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

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

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

New Oriental Education & Technology Group Gross-Profit-to-Asset % Calculation

New Oriental Education & Technology Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in May. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: May. 2023 )	/	( (Total Assets (A: May. 2022 )	+	Total Assets (A: May. 2023 ))	/ count )
	=	1588.322	/	( (6034.666	+	6392.458)	/ 2 )
	=	1588.322	/	6213.562
	=	25.56 %

New Oriental Education & Technology Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	2250	/	( (7131.494	+	7189.543)	/ 2 )
	=	2250	/	7160.5185
	=	31.42 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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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 » Gross-Profit-to-Asset %

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.