New Oriental Education & Technology Group (HKSE:09901) Accounts Receivable : HK$269 Mil (As of Aug. 2024)

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What is New Oriental Education & Technology Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Oriental Education & Technology Group's accounts receivables for the quarter that ended in Aug. 2024 was HK$269 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Oriental Education & Technology Group's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 2.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Oriental Education & Technology Group's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was HK$5.43.

New Oriental Education & Technology Group Accounts Receivable Historical Data

The historical data trend for New Oriental Education & Technology Group's Accounts Receivable 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 Receivable Chart

New Oriental Education & Technology Group Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Accounts Receivable

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32.39

67.30

128.96

259.21

231.93

New Oriental Education & Technology Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Accounts Receivable	Get a 7-Day Free Trial															276.10	261.41	239.07	231.93	268.67

New Oriental Education & Technology Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

New Oriental Education & Technology Group Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

New Oriental Education & Technology Group's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	268.665	/	11190.79	*	91
=	2.19

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), New Oriental Education & Technology Group's accounts receivable are only considered to be worth 75% of book value:

New Oriental Education & Technology Group's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(37476.107	+	0.75 * 268.665	+	0.5 * 743.399	-	27054.21
-	0	-	2107.391)	/	1635.29
=	5.43

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

New Oriental Education & Technology Group Accounts Receivable Related Terms

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New Oriental Education & Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » New Oriental Education & Technology Group Inc (HKSE:09901) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EDU:USA EDUN:Mexico 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. The company also owns 55% of East Buy, a market leader in livestreaming e-commerce.

Executives

Norges Bank	2101 Beneficial owner
Fmr Llc	2201 Interest of corporation controlled by you

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