New Oriental Education & Technology Group (New Oriental Education & Technology Group) Accounts Payable & Accrued Expense : $928 Mil (As of Feb. 2024)

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What is New Oriental Education & Technology Group Accounts Payable & Accrued Expense?

New Oriental Education & Technology Group's quarterly accounts payable & accrued expense increased from Aug. 2023 ($801 Mil) to Nov. 2023 ($854 Mil) and increased from Nov. 2023 ($854 Mil) to Feb. 2024 ($928 Mil).

New Oriental Education & Technology Group's annual accounts payable & accrued expense declined from May. 2021 ($789 Mil) to May. 2022 ($453 Mil) but then increased from May. 2022 ($453 Mil) to May. 2023 ($575 Mil).

New Oriental Education & Technology Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for New Oriental Education & Technology Group's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

New Oriental Education & Technology Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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573.88

613.48

788.87

452.57

574.87

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
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															638.59	574.87	801.09	853.66	927.89

New Oriental Education & Technology Group Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

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 » Accounts Payable & Accrued Expense

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.