Bright Retained Earnings vs Net Invested Capital Analysis

BEDU Stock

USD 1.83 0.03 1.61%

Bright Scholar financial indicator trend analysis is way more than just evaluating Bright Scholar Education prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Scholar Education is a good investment. Please check the relationship between Bright Scholar Retained Earnings and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Retained Earnings vs Net Invested Capital

Retained Earnings vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bright Scholar Education Retained Earnings account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Bright Scholar's Retained Earnings and Net Invested Capital is 0.85. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Bright Scholar Education, assuming nothing else is changed. The correlation between historical values of Bright Scholar's Retained Earnings and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Bright Scholar Education are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Retained Earnings i.e., Bright Scholar's Retained Earnings and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Bright Scholar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Scholar 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Scholar Education. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Tax Provision is likely to gain to about 224.5 M in 2024, whereas Discontinued Operations is likely to drop slightly above 252.1 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	478.1M	597.3M	686.9M	558.0M
Total Revenue	1.7B	2.1B	2.4B	1.8B

Gross Profit Total Revenue

Bright Scholar fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab
Total Assets		0.91	0.93	0.9	0.74	-0.07	0.84	0.7	0.46	0.56	0.05	0.68	0.94	0.24	0.47	0.68	-0.56	0.95	0.65	0.34	0.38	0.92	0.63	0.74	0.85	0.97
Other Current Liab	0.91		0.8	0.74	0.69	-0.23	0.93	0.6	0.53	0.31	0.25	0.54	0.93	0.0	0.16	0.53	-0.61	0.88	0.66	0.36	0.17	0.95	0.56	0.8	0.71	0.92
Total Current Liabilities	0.93	0.8		0.78	0.63	-0.1	0.77	0.56	0.58	0.61	-0.11	0.55	0.85	0.21	0.41	0.54	-0.54	0.84	0.48	0.26	0.28	0.82	0.56	0.8	0.72	0.95
Total Stockholder Equity	0.9	0.74	0.78		0.66	0.29	0.64	0.69	0.15	0.52	-0.04	0.78	0.8	0.24	0.53	0.77	-0.57	0.85	0.77	0.36	0.39	0.7	0.49	0.48	0.97	0.77
Other Liab	0.74	0.69	0.63	0.66		-0.05	0.56	0.84	0.14	0.3	-0.18	0.7	0.66	0.32	0.57	0.7	-0.61	0.68	0.37	-0.16	0.5	0.75	0.73	0.56	0.61	0.72
Net Tangible Assets	-0.07	-0.23	-0.1	0.29	-0.05		-0.37	0.14	-0.71	0.19	-0.56	0.48	-0.3	-0.08	0.08	0.46	-0.19	-0.25	0.19	0.03	-0.14	-0.38	-0.07	-0.2	0.3	-0.27
Property Plant And Equipment Net	0.84	0.93	0.77	0.64	0.56	-0.37		0.33	0.75	0.26	0.36	0.27	0.94	-0.15	0.07	0.26	-0.56	0.87	0.59	0.33	0.01	0.9	0.32	0.75	0.65	0.88
Current Deferred Revenue	0.7	0.6	0.56	0.69	0.84	0.14	0.33		-0.17	0.42	-0.24	0.9	0.53	0.5	0.6	0.91	-0.38	0.59	0.4	0.07	0.64	0.66	0.9	0.49	0.56	0.64
Net Debt	0.46	0.53	0.58	0.15	0.14	-0.71	0.75	-0.17		0.09	0.39	-0.32	0.63	-0.19	-0.12	-0.32	-0.24	0.54	0.16	0.16	-0.13	0.57	-0.05	0.54	0.18	0.6
Retained Earnings	0.56	0.31	0.61	0.52	0.3	0.19	0.26	0.42	0.09		-0.44	0.57	0.41	0.35	0.53	0.57	0.15	0.47	0.01	0.11	0.25	0.41	0.59	0.54	0.36	0.53
Accounts Payable	0.05	0.25	-0.11	-0.04	-0.18	-0.56	0.36	-0.24	0.39	-0.44		-0.37	0.32	0.0	-0.16	-0.36	0.07	0.3	0.4	0.43	0.11	0.24	-0.24	-0.21	0.08	0.08
Cash	0.68	0.54	0.55	0.78	0.7	0.48	0.27	0.9	-0.32	0.57	-0.37		0.45	0.41	0.57	1.0	-0.39	0.52	0.45	0.19	0.48	0.53	0.79	0.46	0.67	0.56
Non Current Assets Total	0.94	0.93	0.85	0.8	0.66	-0.3	0.94	0.53	0.63	0.41	0.32	0.45		0.14	0.36	0.46	-0.5	0.98	0.66	0.36	0.31	0.95	0.49	0.68	0.78	0.94
Non Currrent Assets Other	0.24	0.0	0.21	0.24	0.32	-0.08	-0.15	0.5	-0.19	0.35	0.0	0.41	0.14		0.88	0.45	0.21	0.29	-0.03	0.06	0.94	0.2	0.59	-0.13	0.17	0.22
Other Assets	0.47	0.16	0.41	0.53	0.57	0.08	0.07	0.6	-0.12	0.53	-0.16	0.57	0.36	0.88		0.6	-0.02	0.5	0.11	0.0	0.87	0.35	0.61	0.03	0.46	0.4
Cash And Short Term Investments	0.68	0.53	0.54	0.77	0.7	0.46	0.26	0.91	-0.32	0.57	-0.36	1.0	0.46	0.45	0.6		-0.38	0.53	0.44	0.19	0.51	0.53	0.8	0.44	0.67	0.56
Net Receivables	-0.56	-0.61	-0.54	-0.57	-0.61	-0.19	-0.56	-0.38	-0.24	0.15	0.07	-0.39	-0.5	0.21	-0.02	-0.38		-0.43	-0.59	-0.05	0.05	-0.46	-0.12	-0.44	-0.67	-0.52
Good Will	0.95	0.88	0.84	0.85	0.68	-0.25	0.87	0.59	0.54	0.47	0.3	0.52	0.98	0.29	0.5	0.53	-0.43		0.67	0.36	0.46	0.92	0.54	0.59	0.81	0.92
Common Stock Total Equity	0.65	0.66	0.48	0.77	0.37	0.19	0.59	0.4	0.16	0.01	0.4	0.45	0.66	-0.03	0.11	0.44	-0.59	0.67		0.43	0.18	0.52	0.12	0.2	0.84	0.52
Common Stock Shares Outstanding	0.34	0.36	0.26	0.36	-0.16	0.03	0.33	0.07	0.16	0.11	0.43	0.19	0.36	0.06	0.0	0.19	-0.05	0.36	0.43		0.04	0.32	0.05	0.14	0.37	0.3
Short Term Investments	0.38	0.17	0.28	0.39	0.5	-0.14	0.01	0.64	-0.13	0.25	0.11	0.48	0.31	0.94	0.87	0.51	0.05	0.46	0.18	0.04		0.36	0.63	-0.09	0.33	0.34
Non Current Liabilities Total	0.92	0.95	0.82	0.7	0.75	-0.38	0.9	0.66	0.57	0.41	0.24	0.53	0.95	0.2	0.35	0.53	-0.46	0.92	0.52	0.32	0.36		0.68	0.79	0.63	0.96
Inventory	0.63	0.56	0.56	0.49	0.73	-0.07	0.32	0.9	-0.05	0.59	-0.24	0.79	0.49	0.59	0.61	0.8	-0.12	0.54	0.12	0.05	0.63	0.68		0.6	0.32	0.65
Other Current Assets	0.74	0.8	0.8	0.48	0.56	-0.2	0.75	0.49	0.54	0.54	-0.21	0.46	0.68	-0.13	0.03	0.44	-0.44	0.59	0.2	0.14	-0.09	0.79	0.6		0.37	0.83
Other Stockholder Equity	0.85	0.71	0.72	0.97	0.61	0.3	0.65	0.56	0.18	0.36	0.08	0.67	0.78	0.17	0.46	0.67	-0.67	0.81	0.84	0.37	0.33	0.63	0.32	0.37		0.7
Total Liab	0.97	0.92	0.95	0.77	0.72	-0.27	0.88	0.64	0.6	0.53	0.08	0.56	0.94	0.22	0.4	0.56	-0.52	0.92	0.52	0.3	0.34	0.96	0.65	0.83	0.7

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Bright Scholar Account Relationship Matchups

Bright Scholar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	10.8B	8.6B	5.5B	4.6B	5.3B	5.3B
Other Current Liab	2.4B	1.1B	708.7M	1.1B	1.3B	740.8M
Total Current Liabilities	3.7B	4.0B	1.6B	1.5B	1.7B	2.1B
Total Stockholder Equity	2.7B	2.5B	2.2B	1.4B	1.6B	1.8B
Other Liab	106.1M	41.3M	35.1M	44.2M	50.8M	53.1M
Net Tangible Assets	(229.8M)	110.8M	(75.1M)	(255.3M)	(229.8M)	(218.3M)
Property Plant And Equipment Net	3.0B	2.3B	1.9B	2.0B	2.3B	1.3B
Current Deferred Revenue	1.5B	1.5B	426.0M	516.7M	594.2M	855.3M
Net Debt	1.7B	3.6B	1.0B	1.1B	1.3B	1.3B
Retained Earnings	632.7M	648.9M	471.4M	(473.2M)	(544.1M)	(516.9M)
Accounts Payable	68.2M	73.4M	100.2M	112.4M	129.3M	87.3M
Cash	3.4B	844.7M	664.8M	537.3M	617.9M	587.0M
Non Current Assets Total	6.1B	4.9B	4.3B	3.7B	4.2B	3.0B
Non Currrent Assets Other	18.1M	69.7M	17.0M	20.4M	18.4M	17.5M
Other Assets	58.6M	139.7M	107.0M	20.4M	23.5M	22.3M
Long Term Debt	2.1B	2.1B	616K	633K	728.0K	691.6K
Cash And Short Term Investments	3.4B	844.7M	664.8M	554.5M	637.6M	605.8M
Net Receivables	14.8M	41.7M	329.9M	19.2M	17.3M	16.4M
Good Will	2.3B	2.0B	1.8B	1.3B	1.5B	1.1B
Common Stock Shares Outstanding	30.0M	29.8M	29.7M	29.7M	34.1M	29.5M
Short Term Investments	241.3M	13.7M	11.7M	17.1M	19.7M	39.2M
Liabilities And Stockholders Equity	10.8B	8.6B	5.5B	4.6B	5.3B	5.3B
Non Current Liabilities Total	4.0B	1.8B	1.5B	1.6B	1.8B	1.2B
Inventory	28.0M	7.6M	6.9M	5.5M	6.3M	6.0M
Other Current Assets	6.1B	2.8B	191.4M	348.2M	400.5M	380.5M
Other Stockholder Equity	1.9B	2.4B	1.7B	1.7B	2.0B	1.5B
Total Liab	7.7B	5.8B	3.1B	3.0B	3.5B	3.3B
Long Term Investments	55.1M	75.4M	40.5M	36.1M	41.5M	48.7M
Property Plant And Equipment Gross	3.0B	2.3B	1.9B	2.0B	2.3B	1.4B
Short Long Term Debt	50M	938.3M	2.6B	149.2M	171.6M	163.0M
Total Current Assets	4.7B	3.7B	1.2B	927.4M	1.1B	1.0B
Accumulated Other Comprehensive Income	250.9M	170.9M	22.9M	192.4M	221.2M	113.8M
Short Term Debt	1.1B	2.7B	255.9M	125.4M	144.3M	137.1M
Intangible Assets	683.6M	485.8M	430.5M	343.1M	394.5M	317.1M
Property Plant Equipment	3.0B	2.3B	1.9B	2.0B	2.3B	1.3B
Short Long Term Debt Total	5.0B	4.5B	1.7B	1.6B	1.9B	2.0B
Capital Lease Obligations	2.0B	1.9B	1.5B	1.6B	1.9B	2.0B

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