GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (NYSE:EDU) » Definitions » Tax Rate %

New Oriental Education & Technology Group (New Oriental Education & Technology Group) Tax Rate % : 24.81% (As of Feb. 2024)


View and export this data going back to 2006. Start your Free Trial

What is New Oriental Education & Technology Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. New Oriental Education & Technology Group's Tax Expense for the three months ended in Feb. 2024 was $33 Mil. New Oriental Education & Technology Group's Pre-Tax Income for the three months ended in Feb. 2024 was $132 Mil. Therefore, New Oriental Education & Technology Group's Tax Rate % for the quarter that ended in Feb. 2024 was 24.81%.

New Oriental Education & Technology Group Tax Rate % Historical Data

The historical data trend for New Oriental Education & Technology Group's Tax Rate % 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 Tax Rate % Chart

New Oriental Education & Technology Group Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.14 27.54 26.54 -13.20 21.41

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
Tax Rate % 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 18.77 27.06 25.31 15.35 24.81

New Oriental Education & Technology Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

New Oriental Education & Technology Group's Tax Rate % for the fiscal year that ended in May. 2023 is calculated as

Tax Rate %=Tax Expense (A: May. 2023 )/Pre-Tax Income (A: May. 2023 )
=66.066/308.531
=21.41 %

New Oriental Education & Technology Group's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Feb. 2024 )/Pre-Tax Income (Q: Feb. 2024 )
=32.703/131.818
=24.81 %

* 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 Tax Rate % Related Terms

Thank you for viewing the detailed overview of New Oriental Education & Technology Group's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

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 » Tax Rate %
Comparable Companies
TAL LOPE GHC LRN STRA LAUR COUR ATGE UDMY GOTU ASX:IEL SZSE:300364 HKSE:01797 SZSE:002607 AFYA TSE:9783 SAU:4291 HKSE:00839 KUW:HUMANSOFT HKSE:02469
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.