New Oriental Education & Technology (EDU) Rent Expense (2017 - 2024)
New Oriental Education & Technology's (EDU) quarterly Rent Expense came in at $1.1 billion in Q3 2024, up 32.76% on a YoY basis from $855.3 million in Q3 2023, and up 3.19% quarter-over-quarter from $1.1 billion in Q2 2024.
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Analysis
New Oriental Education & Technology (EDU) Rent Expense (2017 - 2024) Analysis & Trends
New Oriental Education & Technology (EDU) has reported Rent Expense for 8 consecutive years, with $1.1 billion the latest figure, recorded in Q3 2024.
- For the quarter ending Q3 2024, Rent Expense rose 32.76% year-over-year to $1.1 billion; the trailing twelve-month figure through Aug 2024 stood at $4.2 billion (up 40.87% YoY), and the FY2024 full-year result was $3.8 billion, up 41.31% from the prior year.
- Rent Expense improved to $1.1 billion in Q3 2024 per EDU's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Rent Expense topped out at $1.3 billion in Q2 2021 and bottomed at $600.9 million in Q2 2022.
- Historically, Rent Expense has averaged $912.0 million across 5 years, with a median of $837.7 million in 2020.
- The sharpest annual moves came in 2021 and 2022: Rent Expense surged 68.97% in 2021, then tumbled 53.57% in 2022.
- Over 5 years, Rent Expense stood at $820.2 million in 2020, then jumped by 50.35% to $1.2 billion in 2021, then slumped by 47.47% to $647.8 million in 2022, then jumped by 32.03% to $855.3 million in 2023, then soared by 32.76% to $1.1 billion in 2024.
- According to Business Quant data, Rent Expense over the past three periods registered $1.1 billion, $1.1 billion, and $1.1 billion for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 10.64 Bn | 10.38 Bn | 273.50 Mn | - |
| 2 | New Oriental Education & Technology | 8.69 Bn | 6.29 Bn | -19,600.00 | - |
| 3 | Laureate Education | 5.06 Bn | 4.90 Bn | 237.67 Mn | - |
| 4 | Graham Holdings | 4.89 Bn | 3.68 Bn | 777.03 Mn | - |
| 5 | Covista | 4.19 Bn | 3.78 Bn | 284.63 Mn | - |
| 6 | Valvoline | 3.67 Bn | 3.58 Bn | 214.90 Mn | - |
| 7 | Bright Horizons Family Solutions | 3.28 Bn | 3.11 Bn | 188.96 Mn | - |
| 8 | Stride | 3.26 Bn | 2.30 Bn | 217.28 Mn | - |
| 9 | TAL Education | 2.28 Bn | -596.06 Mn | 438.20 Mn | - |
| 10 | Onespaworld Holdings | 2.26 Bn | 2.22 Bn | 84.35 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2024 | 1.14 Bn |
| May 31, 2024 | 1.10 Bn |
| Feb 29, 2024 | 1.07 Bn |
| Aug 31, 2023 | 855.27 Mn |
| May 31, 2023 | 781.98 Mn |
| Feb 28, 2023 | 666.26 Mn |
| Aug 31, 2022 | 647.78 Mn |
| May 31, 2022 | 600.89 Mn |
| Feb 28, 2022 | 725.32 Mn |
| Aug 31, 2021 | 1.23 Bn |
| May 31, 2021 | 1.29 Bn |
| Feb 28, 2021 | 1.07 Bn |
| Aug 31, 2020 | 820.23 Mn |
| May 31, 2020 | 765.95 Mn |
| Nov 30, 2019 | 748.70 Mn |
| Aug 31, 2019 | 814.56 Mn |
| May 31, 2019 | 740.19 Mn |
| Nov 30, 2018 | 613.66 Mn |
| Aug 31, 2018 | 686.44 Mn |
| May 31, 2018 | 622.20 Mn |
API Access
New Oriental Education & Technology Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=EDU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "EDU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=EDU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();