NEW ORIENTAL EDUCATION & TECHNOLOGY Reports Fourth Quarter FY2023 Earnings Results
August 1, 2023
🌥️Earnings Overview
NEW ORIENTAL EDUCATION & TECHNOLOGY ($NYSE:EDU) Group released their financial results for the quarter ending July 26, 2023 on May 31, 2023. The company’s total revenue was reported as USD 860.6 million, a 64.2% year-over-year increase. Net income rose 115.3% compared to the same quarter the year before, standing at USD 29.0 million.
Stock Price
This marks a positive shift in the company’s financial performance since the start of the fiscal year. NEW ORIENTAL EDUCATION & TECHNOLOGY’s performance is attributed to their strategic investments in technology and education initiatives over the past year, as well as their focus on expanding their online presence. These new initiatives have allowed the company to capitalize on the increasing demand for online learning services and resources. Investors are encouraged with the progress that the company has made over this time period and are looking forward to continuing the upward trend. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EDU. More…
| Total Revenues | Net Income | Net Margin |
| 3k | 177.34 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EDU. More…
| Operations | Investing | Financing |
| 971.01 | -37.41 | -246.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EDU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.39k | 2.58k | 21.21 |
Key Ratios Snapshot
Some of the financial key ratios for EDU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.7% | -21.9% | 6.3% |
| FCF Margin | ROE | ROA |
| 32.4% | 3.2% | 1.9% |
Analysis
We at GoodWhale recently performed an analysis of NEW ORIENTAL EDUCATION & TECHNOLOGY’s wellbeing and have determined that based on our Risk Rating, it is a low risk investment in terms of financial and business aspects. However, we have detected 1 risk warnings in its income sheet. If you’re interested in learning more, be sure to register with us to get access to our detailed report. More…
Summary
Investors are encouraged to take a closer look at NEW ORIENTAL EDUCATION & TECHNOLOGY as the company recently announced strong fourth quarter results for FY2023. Total revenue increased by 64.2% year-over-year to USD 860.6 million and net income increased 115.3% to USD 29.0 million. Stock prices moved up the same day, indicating investor confidence in the company’s performance. Going forward, investors should monitor the company’s financial performance and consider investing in NEW ORIENTAL EDUCATION & TECHNOLOGY as they show signs of strong growth and a potential for continued success.
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