GAOTU TECHEDU ($NYSE:GOTU) reported total revenue of CNY 703.1 million for the second quarter of FY2023, a 30.7% year-on-year increase, and net income of CNY 56.2 million, a huge improvement from the previous year’s CNY -49.8 million net loss on June 30 2023.
On Wednesday, June 30th, 2023, GAOTU TECHEDU released their latest financial results for the second quarter of fiscal year 2023. The stock opened at $3.4 and closed at $3.2, representing a drop of 7.7% from the previous closing price of $3.5. This decrease in stock price came despite an overall improvement in the company’s quarterly results compared to the same period last year. Management believes that the company’s products and services will continue to meet customer needs and generate satisfactory returns. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Gaotu Techedu. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gaotu Techedu. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Gaotu Techedu are shown below. More…
Income Statement Ratios
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GoodWhale has conducted an analysis of GAOTU TECHEDU‘s wellbeing, and based on our Star Chart, the company is strong in asset, medium in growth, profitability and weak in dividend. According to our assessment, GAOTU TECHEDU has a high health score of 8/10 with regard to its cashflows and debt, which means that it is capable to sustain future operations in times of crisis. Furthermore, GAOTU TECHEDU is classified as an ‘elephant’, which is a type of company we conclude to be rich in assets after deducting off liabilities. This means that it is likely to be of interest to investors looking for a long-term investment that has the potential for growth. Additionally, such investors may be attracted to the fact that GAOTU TECHEDU has a strong asset base and could potentially provide a steady and reliable income in the form of dividends. More…
Risk Rating Analysis
Star Chart Analysis
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GAOTU TECHEDU recently reported its earnings results for the second quarter of FY2023, with total revenue of CNY 703.1 million, up 30.7% from the same period last year, and net income of CNY 56.2 million, compared to a net loss of -49.8 million the previous year. Despite this positive news, investors responded by pushing the company’s stock price down on the same day. This suggests investors may be wary of investing in GAOTU TECHEDU, considering their recent losses and uncertain prospects going forward. Investors should monitor the company closely for further developments in order to make an informed decision on whether or not to invest.