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NWOEF

NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC.
CIK 0001372920 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
18.9
composite ยท 4 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2012-05-31 ยท TRIGGERED84.4

Tax arbitrage

[FY2012 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 7.5% vs 21% statutory โ€” gap persistent across 3 of 3 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2014-09-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2012-05-31": 0.0751,
    "2011-05-31": 0.075,
    "2010-05-31": 0.0715
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2012-05-31": 0.1349,
    "2011-05-31": 0.135,
    "2010-05-31": 0.1385
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1372920/000119312514353973/0001193125-14-353973-index.htm",
    "form": "20-F",
    "filed": "2014-09-26"
  }
}
P-01 ยท FY 2025-05-31 ยท CLEAN23.5

Earnings quality

Beneish M-Score -2.68 โ€” no manipulation profile
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-09-25) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.678,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.997,
    "GMI": 0.946,
    "AQI": 1.092,
    "SGI": 1.136,
    "DEPI": 1.073,
    "SGAI": 1,
    "LVGI": 1.058,
    "TATA": -0.067
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0684,
  "inputs": {
    "revenue_t": 4900262000,
    "revenue_t1": 4313586000,
    "total_assets_t": 7805499000,
    "net_income_t": 371716000,
    "cfo_t": 896592000
  },
  "stale": false,
  "latest_filing_period": "2025-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1372920/000119312525216394/0001193125-25-216394-index.htm",
    "form": "20-F",
    "filed": "2025-09-25"
  }
}
P-12 ยท FY 2025-05-31 ยท CLEAN12.8

Restatement predictor

F-Score 0.38 โ€” at or below the population base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-09-25) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.384,
  "probability": 0.00142,
  "components": {
    "rsst": -0.0684,
    "drec": 0.0005,
    "dinv": -0.0016,
    "soft": 0.6951,
    "dcs": 0.1351,
    "droa": 0.0065,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1372920/000119312525216394/0001193125-25-216394-index.htm",
    "form": "20-F",
    "filed": "2025-09-25"
  }
}
P-13 ยท FY 2025-05-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 1377.01x โ€” servicing debt from operations
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2025-09-25) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-05-31": 1377.01,
    "2024-05-31": 1175.923,
    "2023-05-31": 268.806,
    "2022-05-31": -242.596
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 3.702,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 428250000,
    "interest_expense_t": 311000
  },
  "stale": false,
  "latest_filing_period": "2025-05-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1372920/000119312525216394/0001193125-25-216394-index.htm",
    "form": "20-F",
    "filed": "2025-09-25"
  }
}