New Total Current Assets vs Other Stockholder Equity Analysis

EDU Stock  USD 79.43  0.50  0.63%   
New Oriental financial indicator trend analysis is infinitely more than just investigating New Oriental Education recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Oriental Education is a good investment. Please check the relationship between New Oriental Total Current Assets and its Other Stockholder Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Total Current Assets vs Other Stockholder Equity

Total Current Assets vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Oriental Education Total Current Assets account and Other Stockholder Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between New Oriental's Total Current Assets and Other Stockholder Equity is 0.86. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of New Oriental Education, assuming nothing else is changed. The correlation between historical values of New Oriental's Total Current Assets and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of New Oriental Education are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Total Current Assets i.e., New Oriental's Total Current Assets and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Stockholder Equity

Most indicators from New Oriental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Oriental Education current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in New Oriental Education. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
At this time, New Oriental's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 46.84 in 2024, whereas Enterprise Value is likely to drop slightly above 4.5 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit1.4B1.6B1.8B1.9B
Total Revenue3.1B3.0B3.4B3.6B

New Oriental fundamental ratios Correlations

0.820.950.980.980.070.910.670.990.60.790.840.970.990.80.760.280.980.70.310.490.770.640.810.810.95
0.820.750.780.720.620.530.290.760.280.980.550.890.750.730.330.60.830.26-0.130.140.390.320.970.970.69
0.950.750.950.930.030.890.70.940.490.730.80.930.940.750.760.150.910.660.250.470.820.520.750.760.92
0.980.780.950.950.030.90.670.970.590.760.760.980.970.850.780.290.950.720.340.490.80.630.790.790.99
0.980.720.930.95-0.070.950.730.990.650.680.910.910.990.710.80.170.950.760.40.560.790.70.70.70.92
0.070.620.030.03-0.07-0.33-0.43-0.01-0.330.64-0.190.23-0.040.22-0.470.640.15-0.53-0.69-0.42-0.38-0.340.60.6-0.08
0.910.530.890.90.95-0.330.870.920.680.470.890.810.930.610.94-0.040.830.90.610.690.920.730.50.510.91
0.670.290.70.670.73-0.430.870.660.480.20.820.550.690.250.96-0.410.530.890.760.750.940.530.230.240.66
0.990.760.940.970.99-0.010.920.660.620.740.850.951.00.790.760.270.980.710.320.50.760.660.760.760.95
0.60.280.490.590.65-0.330.680.480.620.260.560.510.630.540.590.080.560.720.460.720.541.00.330.320.6
0.790.980.730.760.680.640.470.20.740.260.470.880.720.790.260.650.820.18-0.210.070.320.280.990.990.68
0.840.550.80.760.91-0.190.890.820.850.560.470.710.860.380.78-0.090.790.730.450.610.760.610.480.490.71
0.970.890.930.980.910.230.810.550.950.510.880.710.940.870.660.420.960.590.180.380.690.550.90.90.94
0.990.750.940.970.99-0.040.930.691.00.630.720.860.940.780.780.240.970.730.350.520.780.680.740.740.95
0.80.730.750.850.710.220.610.250.790.540.790.380.870.780.440.550.830.420.030.230.490.550.830.830.85
0.760.330.760.780.8-0.470.940.960.760.590.260.780.660.780.44-0.290.630.960.80.750.970.630.30.310.8
0.280.60.150.290.170.64-0.04-0.410.270.080.65-0.090.420.240.55-0.290.4-0.28-0.5-0.29-0.220.090.640.640.26
0.980.830.910.950.950.150.830.530.980.560.820.790.960.970.830.630.40.580.170.380.640.60.840.840.92
0.70.260.660.720.76-0.530.90.890.710.720.180.730.590.730.420.96-0.280.580.860.790.90.760.220.230.76
0.31-0.130.250.340.4-0.690.610.760.320.46-0.210.450.180.350.030.8-0.50.170.860.680.680.5-0.18-0.180.41
0.490.140.470.490.56-0.420.690.750.50.720.070.610.380.520.230.75-0.290.380.790.680.720.740.110.120.51
0.770.390.820.80.79-0.380.920.940.760.540.320.760.690.780.490.97-0.220.640.90.680.720.590.370.370.82
0.640.320.520.630.7-0.340.730.530.661.00.280.610.550.680.550.630.090.60.760.50.740.590.350.340.64
0.810.970.750.790.70.60.50.230.760.330.990.480.90.740.830.30.640.840.22-0.180.110.370.351.00.71
0.810.970.760.790.70.60.510.240.760.320.990.490.90.740.830.310.640.840.23-0.180.120.370.341.00.71
0.950.690.920.990.92-0.080.910.660.950.60.680.710.940.950.850.80.260.920.760.410.510.820.640.710.71
Click cells to compare fundamentals

New Oriental Account Relationship Matchups

New Oriental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.6B10.2B6.0B6.4B7.4B7.7B
Short Long Term Debt Total1.6B2.2B680.4M458.6M527.4M786.5M
Other Current Liab737.6M979.6M586.1M687.8M791.0M830.6M
Total Current Liabilities2.5B3.5B1.7B2.3B2.6B2.7B
Total Stockholder Equity2.7B4.9B3.7B3.6B4.1B4.4B
Net Debt665.0M550.1M(468.2M)(1.2B)(1.1B)(1.0B)
Cash915.1M1.6B1.1B1.7B1.9B2.0B
Other Assets174.8M224.5M111.8M647.3M744.4M781.6M
Cash And Short Term Investments3.5B6.3B4.2B4.0B4.6B4.8B
Common Stock Shares Outstanding159.5M165.2M169.6M168.6M193.8M162.7M
Liabilities And Stockholders Equity6.6B10.2B6.0B6.4B7.4B7.7B
Non Current Liabilities Total1.2B1.7B531.0M326.7M375.7M250.9M
Other Stockholder Equity459.7M1.9B2.1B1.9B2.2B2.3B
Total Liab3.7B5.1B2.2B2.6B3.0B3.1B
Total Current Assets3.8B6.6B4.5B4.4B5.1B5.3B
Retained Earnings2.0B2.3B1.1B1.2B1.4B861.6M
Accounts Payable33.1M38.4M22.3M69.8M80.2M84.2M
Long Term Debt117.9M297.6M65.4M14.7M16.9M16.0M
Short Term Investments2.6B4.6B3.0B2.3B2.7B2.8B
Inventory31.3M31.2M27.9M52.7M60.6M63.6M
Other Current Assets14.6M15.4M12.4M211.2M242.9M255.1M
Intangible Assets16.3M18.8M6.4M28.5M32.8M34.4M
Property Plant Equipment2.1B2.7B933.8M799.3M919.2M562.5M
Property Plant And Equipment Net2.1B2.7B933.8M799.3M919.2M588.9M
Current Deferred Revenue1.3B1.9B933.1M1.3B1.5B1.6B
Non Current Assets Total2.8B3.6B1.6B2.0B2.3B2.4B
Non Currrent Assets Other111.5M120.9M91.7M127.0M146.1M153.4M
Net Receivables7.6M118.5M39.7M42.5M48.8M51.3M
Good Will80.4M73.3M70.8M105.5M121.3M127.4M
Property Plant And Equipment Gross2.1B2.7B933.8M799.3M919.2M588.9M
Accumulated Other Comprehensive Income289.2M709.3M576.8M437.3M502.8M252.5M
Short Term Debt384.2M514.0M168.6M155.8M179.1M160.1M
Other Liab18.8M11.9M13.2M19.2M22.1M23.2M
Long Term Investments431.1M537.7M437.9M862.3M991.7M1.0B
Net Tangible Assets2.3B2.6B4.8B3.6B4.2B2.5B

Pair Trading with New Oriental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Oriental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Oriental will appreciate offsetting losses from the drop in the long position's value.

Moving against New Stock

  0.54JZ Jianzhi Education Report 4th of October 2024 PairCorr
  0.54LRN Stride Inc Financial Report 20th of August 2024 PairCorr
The ability to find closely correlated positions to New Oriental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Oriental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Oriental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Oriental Education to buy it.
The correlation of New Oriental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Oriental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Oriental Education moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Oriental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for New Stock Analysis

When running New Oriental's price analysis, check to measure New Oriental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.