TAL Education Group (TAL) Financials

$9.84 -0.22 (-2.14%)

Closing price 03:59 PM Eastern

Extended Trading

$9.85 +0.01 (+0.15%)

As of 07:21 PM Eastern

Annual Income Statements for TAL Education Group

This table shows TAL Education Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	61	67	103	117	198	367	-110	-116	-1,136	-136	-3.57
Consolidated Net Income / (Loss)	61	67	103	112	195	365	-128	-143	-1,164	-132	-4.14
Net Income / (Loss) Continuing Operations	61	67	103	112	195	365	-128	-143	-1,164	-132	-4.14
Total Pre-Tax Income	67	77	137	155	247	457	-51	-225	-778	-110	17
Total Operating Income	57	67	85	135	209	342	137	-438	-615	-91	-69
Total Gross Profit	162	231	316	521	833	1,399	1,805	2,447	2,188	583	806
Total Revenue	314	434	620	1,043	1,715	2,563	3,273	4,496	4,391	1,020	1,490
Operating Revenue	314	434	620	1,043	1,715	2,563	3,273	4,496	4,391	1,020	1,490
Total Cost of Revenue	152	203	304	522	882	1,164	1,469	2,049	2,203	436	684
Operating Cost of Revenue	152	203	304	522	882	1,164	1,469	2,049	2,203	436	684
Total Operating Expenses	105	164	231	386	624	1,057	1,667	2,885	2,802	674	875
Selling, General & Admin Expense	70	110	161	263	386	580	795	1,117	1,200	414	430
Marketing Expense	36	54	74	126	242	484	853	1,680	1,118	283	462
Other Operating Expenses / (Income)	-1.10	-0.46	-3.33	-3.11	-4.65	-6.72	-9.47	-19	-21	-23	-16
Impairment Charge	-	-	0.00	0.00	0.36	0.00	29	108	505	0.00	0.00
Total Other Income / (Expense), net	9.84	9.99	52	20	38	116	-188	214	-164	-19	87
Interest Expense	0.00	-11	7.50	13	-23	18	12	17	7.87	0.00	0.00
Interest & Investment Income	9.44	0.00	11	10	-2.21	1.52	-81	90	-173	54	38
Other Income / (Expense), net	0.40	-0.81	48	23	17	132	-95	141	17	-73	49
Income Tax Expense	6.68	9.37	33	34	45	77	69	-70	397	20	15
Other Gains / (Losses), net	0.00	-0.73	-0.66	-8.03	-7.68	-16	-7.67	12	11	-2.25	-6.24
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.01	-0.12	-4.39	-3.78	-2.72	-17	-27	-28	3.63	-0.57
Basic Earnings per Share	$0.39	$0.42	$0.64	$0.72	$1.13	$1.93	($0.56)	($0.57)	($5.29)	($0.64)	($0.02)
Weighted Average Basic Shares Outstanding	156.73M	158.38M	160.11M	162.55M	174.98M	189.95M	198.18M	203.60M	214.83M	212.58M	203.30M
Diluted Earnings per Share	$0.38	$0.41	$0.60	$0.66	$1.03	$1.83	($0.56)	($0.57)	($5.29)	($0.64)	($0.02)
Weighted Average Diluted Shares Outstanding	159.44M	163.59M	183.06M	188.51M	194.33M	200.22M	198.18M	203.60M	214.83M	212.58M	203.30M
Weighted Average Basic & Diluted Shares Outstanding	157.74M	159.83M	161.77M	164.59M	188.96M	197.06M	199.84M	214.93M	215.94M	212.32M	201.41M

No quarterly income statements for TAL Education Group are available.

This table details how cash moves in and out of TAL Education Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	85	200	-36	40	249	536	651	3,103	-2,336	-387	163
Net Cash From Operating Activities	102	148	197	379	685	194	856	955	-939	7.36	306
Net Cash From Continuing Operating Activities	102	148	197	379	685	194	856	955	-939	7.36	306
Net Income / (Loss) Continuing Operations	61	67	103	112	195	365	-128	-143	-1,164	-132	-4.14
Consolidated Net Income / (Loss)	61	67	103	112	195	365	-128	-143	-1,164	-132	-4.14
Depreciation Expense	9.55	12	18	29	51	77	100	137	171	35	24
Amortization Expense	0.46	0.74	1.03	4.63	8.31	12	18	28	19	5.42	6.12
Non-Cash Adjustments To Reconcile Net Income	8.02	18	-20	28	51	13	205	60	2,663	248	15
Changes in Operating Assets and Liabilities, net	23	50	96	205	380	-272	661	872	-2,627	-149	265
Net Cash From Investing Activities	-17	-146	-215	-515	-833	-167	-339	-2,641	1,369	-302	95
Net Cash From Continuing Investing Activities	-17	-146	-215	-515	-833	-167	-339	-2,641	1,369	-302	95
Purchase of Property, Plant & Equipment	-11	-31	-35	-71	-126	-138	-178	-245	-246	-110	-113
Acquisitions	-8.20	-6.11	-22	-27	-16	-74	-10	-13	-0.12	-0.25	-1.49
Purchase of Investments	-25	-76	-146	-379	-1,394	-825	-664	-2,588	-1,482	-1,868	-865
Sale of Property, Plant & Equipment	0.04	0.09	0.39	0.56	0.93	1.71	0.54	0.75	26	20	2.71
Sale and/or Maturity of Investments	101	22	93	137	677	1,107	578	209	3,070	1,664	1,068
Other Investing Activities, net	-75	-55	-106	-175	26	-239	-65	-5.88	1.57	-7.68	3.08
Net Cash From Financing Activities	0.00	202	-8.79	179	428	475	131	4,795	-2,767	-66	-233
Net Cash From Continuing Financing Activities	0.00	202	-8.79	179	428	475	131	4,795	-2,767	-66	-233
Repayment of Debt	-	0.00	0.00	-25	0.00	-15	61	-3.52	-2,570	0.00	0.00
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-9.85	-196	-66	-234
Payment of Dividends	-	0.00	0.00	-16	-60	-4.41	-5.18	0.00	-1.78	0.00	0.00
Other Financing Activities, net	0.00	-23	-8.79	-18	-12	-5.52	76	8.18	1.37	0.18	0.46
Effect of Exchange Rate Changes	0.69	-3.40	-9.13	-3.41	-32	33	3.22	-5.28	0.95	-26	-5.58
Cash Interest Paid	0.00	2.78	5.75	7.33	14	13	6.71	8.38	9.43	0.00	0.00
Cash Income Taxes Paid	16	12	21	37	71	62	122	159	118	5.57	2.48

No quarterly cash flow statements for TAL Education Group are available.

This table presents TAL Education Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	428	772	1,061	1,829	3,055	3,735	5,571	12,112	5,083	4,724	4,928
Total Current Assets	300	539	516	871	1,662	1,746	2,496	8,157	3,629	3,468	3,699
Cash & Equivalents	270	470	434	470	712	1,247	1,874	3,243	1,638	2,022	2,209
Restricted Cash	0.33	0.61	1.08	2.73	6.27	9.23	28	1,759	756	127	168
Short-Term Investments	0.00	0.77	27	229	787	268	345	2,695	1,071	1,150	1,095
Accounts Receivable	0.00	0.16	2.59	3.42	3.23	3.34	3.64	2.96	0.92	0.42	0.34
Inventories, net	0.18	0.54	0.60	2.82	5.27	7.75	26	39	22	39	68
Prepaid Expenses	17	38	32	160	133	203	207	403	123	125	159
Current Deferred & Refundable Income Taxes	13	7.78	0.74	2.24	15	7.20	12	16	20	5.07	0.00
Plant, Property, & Equipment, net	79	94	115	154	247	288	367	511	281	289	405
Total Noncurrent Assets	49	139	431	803	1,145	1,701	2,709	3,444	1,172	967	823
Long-Term Investments	27	97	274	348	598	851	572	668	414	453	284
Intangible Assets	2.54	3.69	15	38	44	75	59	66	1.70	0.49	1.99
Noncurrent Deferred & Refundable Income Taxes	0.56	1.71	6.65	16	17	29	80	317	6.75	5.97	4.62
Other Noncurrent Operating Assets	8.31	20	42	129	186	324	1,607	1,923	461	361	452
Other Noncurrent Nonoperating Assets	2.55	3.77	3.88	5.66	9.91	7.33	13	16	288	146	81
Total Liabilities & Shareholders' Equity	428	772	1,061	1,829	3,055	3,735	5,571	12,112	5,083	4,724	4,928
Total Liabilities	168	459	621	1,148	1,414	1,205	3,027	6,908	1,080	903	1,289
Total Current Liabilities	167	233	383	667	1,133	1,184	1,807	3,374	903	784	1,082
Short-Term Debt	-	-	-	-	0.00	215	0.00	270	-	42	63
Accounts Payable	2.35	4.73	15	26	66	131	122	357	90	60	127
Accrued Expenses	27	44	70	117	229	365	553	911	559	447	492
Current Deferred Revenue	132	178	281	504	824	434	780	1,387	188	235	400
Other Current Liabilities	-	-	-	-	-	0.00	305	383	66	0.10	0.10
Total Noncurrent Liabilities	0.85	226	237	481	281	21	1,220	3,534	178	120	207
Capital Lease Obligations	-	-	-	-	-	-	-	-	-	116	177
Noncurrent Deferred & Payable Income Tax Liabilities	0.03	0.23	1.30	13	20	18	7.79	10	1.68	1.56	2.36
Other Noncurrent Operating Liabilities	0.81	-	-	0.00	6.34	0.47	950	1,194	176	2.47	28
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	260	314	441	681	1,640	2,530	2,544	5,203	4,002	3,821	3,639
Total Preferred & Common Equity	260	313	437	644	1,621	2,484	2,516	5,202	4,030	3,845	3,662
Total Common Equity	260	313	437	644	1,621	2,484	2,516	5,202	4,030	3,845	3,662
Common Stock	93	83	109	142	885	1,486	1,676	4,369	4,358	4,401	4,257
Retained Earnings	144	208	306	418	565	920	786	625	-544	-686	-694
Accumulated Other Comprehensive Income / (Loss)	7.85	4.17	-0.95	56	132	17	-29	86	62	-31	-66
Other Equity Adjustments	15	19	23	28	38	61	83	121	154	160	165
Noncontrolling Interest	0.00	0.28	3.76	37	20	47	28	0.95	-28	-24	-23

No quarterly balance sheets for TAL Education Group are available.

This table displays calculated financial ratios and metrics derived from TAL Education Group's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.93%	38.25%	42.86%	68.26%	64.42%	49.44%	27.71%	37.35%	-2.33%	-76.78%	46.15%
EBITDA Growth	71.38%	16.37%	92.75%	25.73%	49.15%	97.09%	-71.51%	-182.44%	-208.84%	69.86%	107.66%
EBIT Growth	79.50%	14.96%	100.04%	18.63%	43.35%	109.42%	-91.10%	-805.51%	-100.97%	72.62%	87.49%
NOPAT Growth	84.71%	14.30%	8.73%	63.32%	62.86%	66.44%	-66.17%	-418.84%	-40.23%	85.24%	86.88%
Net Income Growth	81.24%	10.79%	53.04%	9.47%	73.05%	87.25%	-135.02%	-12.06%	-713.94%	88.66%	96.86%
EPS Growth	80.95%	7.89%	53.04%	9.47%	56.06%	77.67%	-130.60%	-1.79%	-828.07%	87.90%	96.88%
Operating Cash Flow Growth	55.26%	45.31%	33.59%	92.24%	80.81%	-71.64%	340.34%	11.55%	-198.37%	100.78%	4,061.08%
Free Cash Flow Firm Growth	190.19%	-41.93%	98.35%	-143.86%	1,168.10%	-164.89%	254.30%	-43.81%	-419.41%	64.56%	109.96%
Invested Capital Growth	-2,123.20%	17.31%	-118.81%	208.00%	-402.21%	253.95%	-107.19%	-2,220.74%	72.83%	149.07%	-48.42%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.72%	53.21%	51.02%	49.93%	48.55%	54.57%	55.14%	54.43%	49.82%	57.21%	54.09%
EBITDA Margin	21.60%	18.18%	24.53%	18.33%	16.63%	21.93%	4.89%	-2.94%	-9.29%	-12.05%	0.63%
Operating Margin	18.29%	15.50%	13.72%	12.90%	12.16%	13.33%	4.20%	-9.75%	-14.00%	-8.90%	-4.64%
EBIT Margin	18.41%	15.31%	21.44%	15.12%	13.18%	18.47%	1.29%	-6.61%	-13.61%	-16.04%	-1.37%
Profit (Net Income) Margin	19.31%	15.47%	16.58%	10.78%	11.35%	14.22%	-3.90%	-3.18%	-26.52%	-12.94%	-0.28%
Tax Burden Percent	90.07%	86.93%	75.06%	72.77%	78.81%	79.73%	252.01%	63.68%	149.63%	120.29%	-23.67%
Interest Burden Percent	116.42%	116.26%	103.01%	98.04%	109.28%	96.60%	-120.18%	75.54%	130.22%	67.07%	-85.44%
Effective Tax Rate	9.93%	12.13%	24.46%	22.04%	18.08%	16.73%	0.00%	0.00%	0.00%	0.00%	87.97%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	3,628.47%	0.00%	446.96%	57.09%	0.00%	0.00%	0.00%	-13.61%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	3,627.12%	0.00%	443.00%	66.54%	0.00%	0.00%	0.00%	-13.73%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-3,608.41%	0.00%	-429.48%	-62.12%	0.00%	0.00%	0.00%	13.50%
Return on Equity (ROE)	26.85%	23.41%	27.25%	20.06%	16.77%	17.48%	-5.03%	-3.69%	-25.29%	-3.37%	-0.11%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-58.15%	0.00%	-86.63%	0.00%	0.00%	0.00%	-382.44%	50.28%
Operating Return on Assets (OROA)	15.54%	11.07%	14.50%	10.91%	9.26%	13.94%	0.91%	-3.36%	-6.95%	-3.34%	-0.42%
Return on Assets (ROA)	16.30%	11.19%	11.21%	7.78%	7.97%	10.74%	-2.74%	-1.62%	-13.54%	-2.69%	-0.09%
Return on Common Equity (ROCE)	26.85%	23.40%	27.10%	19.34%	16.36%	17.20%	-4.96%	-3.68%	-25.36%	-3.40%	-0.11%
Return on Equity Simple (ROE_SIMPLE)	23.31%	21.43%	23.52%	17.46%	12.01%	14.68%	-5.07%	-2.75%	-28.89%	-3.43%	-0.11%
Net Operating Profit after Tax (NOPAT)	52	59	64	105	171	284	96	-307	-430	-64	-8.33
NOPAT Margin	16.47%	13.62%	10.36%	10.06%	9.96%	11.10%	2.94%	-6.82%	-9.80%	-6.23%	-0.56%
Net Nonoperating Expense Percent (NNEP)	3.61%	2.49%	8.96%	1.35%	1.92%	3.96%	-9.45%	3.91%	-14.72%	-1.73%	0.11%
Cost of Revenue to Revenue	48.28%	46.79%	48.98%	50.07%	51.45%	45.43%	44.87%	45.57%	50.18%	42.79%	45.91%
SG&A Expenses to Revenue	22.40%	25.40%	25.97%	25.24%	22.52%	22.62%	24.29%	24.85%	27.32%	40.58%	28.85%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.44%	37.71%	37.30%	37.02%	36.39%	41.24%	50.94%	64.18%	63.82%	66.11%	58.73%
Earnings before Interest and Taxes (EBIT)	58	66	133	158	226	473	42	-297	-598	-164	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	79	152	191	285	562	160	-132	-408	-123	9.41
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.19	15.40	18.85	21.62	23.01	2.71	4.26	2.98	0.15	0.39	0.85
Price to Tangible Book Value (P/TBV)	14.76	16.23	24.61	41.08	29.00	3.37	5.16	3.31	0.15	0.39	0.85
Price to Revenue (P/Rev)	11.75	11.12	13.29	13.36	21.74	2.62	3.27	3.45	0.14	1.49	2.10
Price to Earnings (P/E)	60.86	71.86	80.07	119.19	187.91	18.32	0.00	0.00	0.00	0.00	0.00
Dividend Yield	7.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.64%	1.39%	1.25%	0.84%	0.53%	5.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	171.26	0.00	12.70	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	10.80	10.33	12.47	12.82	20.67	1.80	2.50	2.16	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	50.01	56.82	50.84	69.91	124.26	8.21	51.14	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	58.67	67.48	58.18	84.79	156.82	9.75	194.31	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	65.59	75.87	120.35	127.40	207.39	16.22	85.12	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	33.39	30.38	39.22	35.27	51.72	23.74	9.57	10.16	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	37.74	85.93	74.71	0.00	73.10	0.00	16.87	35.58	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.72	0.52	0.66	0.14	0.09	0.10	0.49	0.00	0.04	0.07
Long-Term Debt to Equity	0.00	0.72	0.52	0.66	0.14	0.00	0.10	0.44	0.00	0.03	0.05
Financial Leverage	-1.09	-1.13	-1.14	-0.99	-1.07	-0.97	-0.93	-1.08	-1.08	-1.01	-0.98
Leverage Ratio	1.65	2.09	2.43	2.58	2.10	1.63	1.83	2.28	1.87	1.25	1.29
Compound Leverage Factor	1.92	2.43	2.50	2.53	2.30	1.57	-2.20	1.72	2.43	0.84	-1.11
Debt to Total Capital	0.00%	41.89%	34.08%	39.80%	12.58%	7.84%	9.33%	33.06%	0.00%	3.96%	6.17%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	7.84%	0.00%	3.47%	0.00%	1.06%	1.61%
Long-Term Debt to Total Capital	0.00%	41.89%	34.08%	39.80%	12.58%	0.00%	9.33%	29.58%	0.00%	2.90%	4.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.05%	0.56%	3.24%	1.05%	1.70%	1.01%	0.04%	-0.70%	-0.60%	-0.60%
Common Equity to Total Capital	100.00%	58.06%	65.36%	56.96%	86.37%	90.46%	89.65%	66.91%	100.70%	96.63%	94.43%
Debt to EBITDA	0.00	2.87	1.50	2.35	0.83	0.38	1.64	-19.47	0.00	-1.28	25.42
Net Debt to EBITDA	0.00	-4.34	-3.35	-3.14	-6.54	-3.84	-15.97	43.89	0.00	29.25	-373.69
Long-Term Debt to EBITDA	0.00	2.87	1.50	2.35	0.83	0.00	1.64	-17.42	0.00	-0.94	18.77
Debt to NOPAT	0.00	3.83	3.55	4.29	1.38	0.76	2.72	-8.38	0.00	-2.48	-28.71
Net Debt to NOPAT	0.00	-5.80	-7.92	-5.72	-10.92	-7.59	-26.58	18.89	0.00	56.59	422.02
Long-Term Debt to NOPAT	0.00	3.83	3.55	4.29	1.38	0.00	2.72	-7.50	0.00	-1.82	-21.20
Altman Z-Score	15.23	8.01	9.52	8.59	17.09	4.98	3.08	2.18	1.31	1.59	2.18
Noncontrolling Interest Sharing Ratio	0.00%	0.05%	0.54%	3.60%	2.43%	1.59%	1.48%	0.40%	-0.27%	-0.66%	-0.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.80	2.32	1.35	1.31	1.47	1.47	1.38	2.42	4.02	4.42	3.42
Quick Ratio	1.62	2.03	1.21	1.05	1.33	1.28	1.23	1.76	3.00	4.05	3.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	90	52	103	-45	485	-315	485	273	-871	-309	31
Operating Cash Flow to CapEx	940.96%	482.20%	568.22%	537.22%	546.42%	142.18%	482.09%	390.79%	-426.90%	8.15%	278.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	13.80	-3.45	0.00	-17.85	41.07	16.10	-110.69	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	26.29	28.83	0.00	11.03	72.41	56.34	-119.32	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	21.66	23.47	0.00	3.27	57.39	41.92	-147.27	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.72	0.68	0.72	0.70	0.76	0.70	0.51	0.51	0.21	0.31
Accounts Receivable Turnover	0.00	0.00	450.23	346.62	515.54	780.21	937.51	1,361.11	2,261.61	1,519.78	3,891.49
Inventory Turnover	512.03	559.55	530.59	305.14	217.99	178.84	87.46	63.51	72.83	14.35	12.75
Fixed Asset Turnover	4.06	5.04	5.96	7.76	8.54	9.58	10.00	10.24	11.08	3.58	4.29
Accounts Payable Turnover	69.53	57.39	31.29	25.88	19.17	11.81	11.61	8.55	9.85	5.82	7.31
Days Sales Outstanding (DSO)	0.00	0.00	0.81	1.05	0.71	0.47	0.39	0.27	0.16	0.24	0.09
Days Inventory Outstanding (DIO)	0.71	0.65	0.69	1.20	1.67	2.04	4.17	5.75	5.01	25.44	28.62
Days Payable Outstanding (DPO)	5.25	6.36	11.67	14.10	19.04	30.91	31.44	42.71	37.05	62.75	49.95
Cash Conversion Cycle (CCC)	-4.54	-5.71	-10.17	-11.85	-16.65	-28.40	-26.88	-36.69	-31.88	-37.07	-21.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-40	-33	-72	78	-236	363	-26	-606	-165	81	42
Invested Capital Turnover	-15.04	-11.89	-11.78	360.69	-21.73	40.28	19.42	-14.23	-11.40	-24.34	24.36
Increase / (Decrease) in Invested Capital	-38	6.92	-39	150	-314	599	-389	-580	441	245	-39
Enterprise Value (EV)	3,391	4,483	7,732	13,368	35,442	4,613	8,189	9,704	-3,296	-2,100	-412
Market Capitalization	3,688	4,826	8,238	13,931	37,289	6,727	10,718	15,495	610	1,518	3,127
Book Value per Share	$1.67	$1.99	$2.73	$3.98	$9.85	$13.14	$12.77	$26.03	$18.75	$18.09	$17.25
Tangible Book Value per Share	$1.60	$1.88	$2.09	$2.10	$7.81	$10.56	$10.54	$23.43	$18.74	$18.08	$17.24
Total Capital	260	540	669	1,131	1,877	2,746	2,806	7,775	4,002	3,979	3,878
Total Debt	0.00	226	228	450	236	215	262	2,570	0.00	158	239
Total Long-Term Debt	0.00	226	228	450	236	0.00	262	2,300	0.00	116	177
Net Debt	-297	-343	-509	-600	-1,867	-2,160	-2,557	-5,794	-3,879	-3,594	-3,516
Capital Expenditures (CapEx)	11	31	35	71	125	137	178	244	220	90	110
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-137	-165	-330	-498	-977	-747	-1,558	-2,643	-738	-572	-791
Debt-free Net Working Capital (DFNWC)	134	307	133	204	529	777	689	5,053	2,727	2,727	2,680
Net Working Capital (NWC)	134	307	133	204	529	562	689	4,783	2,727	2,685	2,617
Net Nonoperating Expense (NNE)	-8.91	-8.05	-39	-7.56	-24	-80	224	-164	734	68	-4.19
Net Nonoperating Obligations (NNO)	-300	-347	-513	-603	-1,876	-2,167	-2,570	-5,810	-4,167	-3,740	-3,597
Total Depreciation and Amortization (D&A)	10	12	19	34	59	89	118	165	190	41	30
Debt-free, Cash-free Net Working Capital to Revenue	-43.53%	-37.94%	-53.21%	-47.78%	-56.94%	-29.16%	-47.60%	-58.80%	-16.80%	-56.06%	-53.10%
Debt-free Net Working Capital to Revenue	42.57%	70.71%	21.40%	19.56%	30.82%	30.33%	21.06%	112.39%	62.10%	267.38%	179.78%
Net Working Capital to Revenue	42.57%	70.71%	21.40%	19.56%	30.82%	21.93%	21.06%	106.39%	62.10%	263.25%	175.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.07	$0.11	$0.12	$1.13	$1.93	($0.56)	($0.57)	($5.29)	($0.64)	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	940.36M	950.29M	960.66M	975.29M	174.98M	189.95M	198.18M	203.60M	214.83M	212.58M	203.30M
Adjusted Diluted Earnings per Share	$0.06	$0.07	$0.10	$0.11	$1.03	$1.83	($0.56)	($0.57)	($5.29)	($0.64)	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	956.67M	981.54M	1.10B	1.13B	194.33M	200.22M	198.18M	203.60M	214.83M	212.58M	203.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	946.41M	958.97M	970.59M	987.52M	188.96M	197.06M	199.84M	214.93M	215.94M	212.32M	201.41M
Normalized Net Operating Profit after Tax (NOPAT)	52	59	64	105	171	284	117	-231	-77	-64	-48
Normalized NOPAT Margin	16.47%	13.62%	10.36%	10.06%	9.98%	11.10%	3.56%	-5.15%	-1.75%	-6.23%	-3.25%
Pre Tax Income Margin	21.44%	17.80%	22.08%	14.82%	14.40%	17.84%	-1.55%	-5.00%	-17.72%	-10.76%	1.17%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	17.72	11.99	0.00	26.85	3.57	-17.55	-75.92	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	8.57	7.98	0.00	16.13	8.14	-18.10	-54.65	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	13.10	6.63	0.00	19.10	-11.45	-31.96	-103.87	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	3.94	2.62	0.00	8.38	-6.88	-32.52	-82.60	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	14.56%	30.82%	1.21%	-4.06%	0.00%	-0.15%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	14.56%	30.82%	1.21%	-4.06%	-6.89%	-17.01%	-50.29%	-5,644.20%

No quarterly metrics and ratios for TAL Education Group are available.

Frequently Asked Questions About TAL Education Group's Financials

When does TAL Education Group's financial year end?

According to the most recent income statement we have on file, TAL Education Group's fiscal year ends in February. Their fiscal year 2024 ended on February 29, 2024.

How has TAL Education Group's net income changed over the last 10 years?

TAL Education Group's net income appears to be on an upward trend, with a most recent value of -$4.14 million in 2024, falling from $60.61 million in 2014. The previous period was -$131.98 million in 2023.

What is TAL Education Group's operating income?

TAL Education Group's total operating income in 2024 was -$69.23 million, based on the following breakdown:

Total Gross Profit: $806.12 million
Total Operating Expenses: $875.35 million

How has TAL Education Group revenue changed over the last 10 years?

Over the last 10 years, TAL Education Group's total revenue changed from $313.90 million in 2014 to $1.49 billion in 2024, a change of 374.8%.

How much debt does TAL Education Group have?

TAL Education Group's total liabilities were at $1.29 billion at the end of 2024, a 42.7% increase from 2023, and a 669.2% increase since 2014.

How much cash does TAL Education Group have?

In the past 10 years, TAL Education Group's cash and equivalents has ranged from $269.93 million in 2014 to $3.24 billion in 2021, and is currently $2.21 billion as of their latest financial filing in 2024.

How has TAL Education Group's book value per share changed over the last 10 years?

Over the last 10 years, TAL Education Group's book value per share changed from 1.67 in 2014 to 17.25 in 2024, a change of 935.7%.

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This page (NYSE:TAL) was last updated on 4/15/2025 by MarketBeat.com Staff

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TAL Education Group (TAL) Financials

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TAL Education Group (TAL) Financials

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