New Payables Turnover from 2010 to 2024

EDU Stock  USD 58.79  1.43  2.49%   
New Oriental Payables Turnover yearly trend continues to be comparatively stable with very little volatility. Payables Turnover is likely to outpace its year average in 2024. Payables Turnover is a liquidity ratio that shows how quickly New Oriental Education pays off its suppliers by dividing total purchases by average accounts payable. View All Fundamentals
 
Payables Turnover  
First Reported
2010-12-31
Previous Quarter
19.40708358
Current Value
24.65
Quarterly Volatility
17.35908324
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check New Oriental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Oriental's main balance sheet or income statement drivers, such as Depreciation And Amortization of 112.2 M, Interest Expense of 283.1 K or Selling And Marketing Expenses of 693.6 M, as well as many indicators such as Price To Sales Ratio of 2.91, Dividend Yield of 0.0049 or PTB Ratio of 3.33. New financial statements analysis is a perfect complement when working with New Oriental Valuation or Volatility modules.
  
Check out the analysis of New Oriental Correlation against competitors.

Latest New Oriental's Payables Turnover Growth Pattern

Below is the plot of the Payables Turnover of New Oriental Education over the last few years. It is a liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable. New Oriental's Payables Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Oriental's overall financial position and show how it may be relating to other accounts over time.
Payables Turnover10 Years Trend
Pretty Stable
   Payables Turnover   
       Timeline  

New Payables Turnover Regression Statistics

Arithmetic Mean36.04
Geometric Mean32.10
Coefficient Of Variation48.17
Mean Deviation13.50
Median30.90
Standard Deviation17.36
Sample Variance301.34
Range69.6281
R-Value0.11
Mean Square Error320.48
R-Squared0.01
Significance0.69
Slope0.43
Total Sum of Squares4,219

New Payables Turnover History

2024 24.65
2023 19.41
2022 20.2
2021 78.71
2020 52.99
2019 47.93
2018 40.41

About New Oriental Financial Statements

New Oriental shareholders use historical fundamental indicators, such as Payables Turnover, to determine how well the company is positioned to perform in the future. Although New Oriental investors may analyze each financial statement separately, they are all interrelated. The changes in New Oriental's assets and liabilities, for example, are also reflected in the revenues and expenses on on New Oriental's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Payables Turnover 19.41  24.65 

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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.