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New Oriental Education & Technology Group (BSP:E1DU34) Total Assets : R$42,799 Mil (As of Aug. 2024)


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What is New Oriental Education & Technology Group Total Assets?

New Oriental Education & Technology Group's Total Assets for the quarter that ended in Aug. 2024 was R$42,799 Mil.

During the past 12 months, New Oriental Education & Technology Group's average Total Assets Growth Rate was 13.50% per year. During the past 3 years, the average Total Assets Growth Rate was -10.80% per year. During the past 5 years, the average Total Assets Growth Rate was 5.10% per year. During the past 10 years, the average Total Assets Growth Rate was 20.70% per year.

During the past 13 years, New Oriental Education & Technology Group's highest 3-Year average Total Assets Growth Rate was 58.80%. The lowest was -10.80%. And the median was 18.90%.

Total Assets is connected with ROA %. New Oriental Education & Technology Group's annualized ROA % for the quarter that ended in Aug. 2024 was 13.38%. Total Assets is also linked to Revenue through Asset Turnover. New Oriental Education & Technology Group's Asset Turnover for the quarter that ended in Aug. 2024 was 0.20.

New Oriental Education & Technology Group Total Assets Historical Data

The historical data trend for New Oriental Education & Technology Group's Total Assets 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 Total Assets Chart

New Oriental Education & Technology Group Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,976.90 53,650.35 29,941.00 31,842.75 38,688.70

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
Total Assets 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 32,714.11 34,930.06 35,666.60 38,688.70 42,798.71

New Oriental Education & Technology Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

New Oriental Education & Technology Group's Total Assets for the fiscal year that ended in May. 2024 is calculated as

Total Assets=Total Equity (A: May. 2024 )+Total Liabilities (A: May. 2024 )
=20798.975+17889.723
=38,689

New Oriental Education & Technology Group's Total Assets for the quarter that ended in Aug. 2024 is calculated as

Total Assets=Total Equity (Q: Aug. 2024 )+Total Liabilities (Q: Aug. 2024 )
=23533.318+19265.393
=42,799

* 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  (BSP:E1DU34) Total Assets Explanation

Total Assets is connected with ROA %.

New Oriental Education & Technology Group's annualized ROA % for the quarter that ended in Aug. 2024 is

ROA %=Net Income (Q: Aug. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Aug. 2024 ))/ count )
=5450.216/( (38688.698+42798.71)/ 2 )
=5450.216/40743.704
=13.38 %

Note: The Net Income data used here is four times the quarterly (Aug. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

New Oriental Education & Technology Group's Asset Turnover for the quarter that ended in Aug. 2024 is

Asset Turnover
=Revenue (Q: Aug. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Aug. 2024 ))/ count )
=7968.999/( (38688.698+42798.71)/ 2 )
=7968.999/40743.704
=0.20

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

New Oriental Education & Technology Group Total Assets 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 (BSP:E1DU34) » Definitions » Total Assets
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TAL LOPE LRN GHC ATGE LAUR KLC STRA PRDO AFYA SZSE:300364 SZSE:002607 SAU:4291 ADX:ALEFEDT ASX:IEL HKSE:01797 XMAD:PRO HKSE:09636 UTI HKSE:00839
Traded in Other Exchanges
EDU:USA EDUN:Mexico 09901:Hong Kong N1U0:Germany N1U0:Germany N1UA:Germany N1UA:Germany
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.

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