Elite Total Assets from 2010 to 2024

EEIQ Stock

USD 1.03 0.02 1.98%

Elite Education Total Assets yearly trend continues to be relatively stable with very little volatility. Total Assets are likely to drop to about 19.6 M. Total Assets is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. View All Fundamentals

Total Assets

First Reported

2010-12-31

Previous Quarter

22.1 M

Current Value

19.6 M

Quarterly Volatility

5.3 M

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Yuan Drop

Covid

Check Elite Education financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elite Education's main balance sheet or income statement drivers, such as Interest Expense of 13.3 K, Income Tax Expense of 242.5 K or Tax Provision of 215 K, as well as many indicators such as Price To Sales Ratio of 1.88, Dividend Yield of 0.0 or PTB Ratio of 1.17. Elite financial statements analysis is a perfect complement when working with Elite Education Valuation or Volatility modules.

Check out the analysis of Elite Education Correlation against competitors.

Latest Elite Education's Total Assets Growth Pattern

Below is the plot of the Total Assets of Elite Education Group over the last few years. Total assets refers to the total amount of Elite Education assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Elite Education Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Elite Education's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elite Education's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 19.21 M

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Total Assets

Timeline

Elite Total Assets Regression Statistics

	Arithmetic Mean	14,955,997
	Geometric Mean	14,169,413
	Coefficient Of Variation	35.47
	Mean Deviation	4,555,267
	Median	10,790,102
	Standard Deviation	5,305,549
	Sample Variance	28.1T
	Range	13.2M
	R-Value	0.83
	Mean Square Error	9.5T
	R-Squared	0.69
	Significance	0.0001
	Slope	982,893
	Total Sum of Squares	394.1T

Elite Total Assets History

	2024	19.6 M
	2023	22.1 M
	2022	19.2 M
	2021	24 M
	2020	24 M
	2019	14.2 M
	2018	14.9 M

Other Fundumenentals of Elite Education Group

Intangibles To Total Assets

Elite Education Total Assets component correlations

	Net Tangible Assets	Retained Earnings	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Short Term Debt	Intangible Assets
Net Tangible Assets		-0.56	0.91	0.83	0.92	0.89	0.96	0.91	-0.74	-0.51	0.81	0.91	0.92	0.75	0.87	0.65
Retained Earnings	-0.56		-0.44	-0.13	-0.8	-0.35	-0.5	-0.37	0.74	-0.36	-0.49	-0.37	-0.81	0.03	-0.86	-0.9
Net Receivables	0.91	-0.44		0.81	0.81	0.82	0.94	0.96	-0.82	-0.6	0.55	0.96	0.81	0.84	0.75	0.4
Total Current Assets	0.83	-0.13	0.81		0.57	0.9	0.89	0.92	-0.45	-0.83	0.72	0.92	0.57	0.94	0.47	0.2
Common Stock	0.92	-0.8	0.81	0.57		0.74	0.86	0.76	-0.81	-0.18	0.76	0.76	1.0	0.48	0.98	0.84
Property Plant Equipment	0.89	-0.35	0.82	0.9	0.74		0.9	0.88	-0.55	-0.63	0.86	0.88	0.75	0.8	0.63	0.48
Total Assets	0.96	-0.5	0.94	0.89	0.86	0.9		0.98	-0.72	-0.6	0.78	0.98	0.86	0.83	0.8	0.52
Total Stockholder Equity	0.91	-0.37	0.96	0.92	0.76	0.88	0.98		-0.7	-0.71	0.66	1.0	0.76	0.91	0.68	0.35
Current Deferred Revenue	-0.74	0.74	-0.82	-0.45	-0.81	-0.55	-0.72	-0.7		0.06	-0.37	-0.7	-0.82	-0.41	-0.83	-0.64
Net Debt	-0.51	-0.36	-0.6	-0.83	-0.18	-0.63	-0.6	-0.71	0.06		-0.36	-0.71	-0.17	-0.93	-0.06	0.29
Total Liab	0.81	-0.49	0.55	0.72	0.76	0.86	0.78	0.66	-0.37	-0.36		0.66	0.76	0.52	0.68	0.69
Net Invested Capital	0.91	-0.37	0.96	0.92	0.76	0.88	0.98	1.0	-0.7	-0.71	0.66		0.76	0.91	0.68	0.35
Capital Stock	0.92	-0.81	0.81	0.57	1.0	0.75	0.86	0.76	-0.82	-0.17	0.76	0.76		0.47	0.98	0.84
Net Working Capital	0.75	0.03	0.84	0.94	0.48	0.8	0.83	0.91	-0.41	-0.93	0.52	0.91	0.47		0.37	0.01
Short Term Debt	0.87	-0.86	0.75	0.47	0.98	0.63	0.8	0.68	-0.83	-0.06	0.68	0.68	0.98	0.37		0.87
Intangible Assets	0.65	-0.9	0.4	0.2	0.84	0.48	0.52	0.35	-0.64	0.29	0.69	0.35	0.84	0.01	0.87

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About Elite Education Financial Statements

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

	Last Reported	Projected for Next Year
Total Assets	22.1 M	19.6 M
Intangibles To Total Assets	0.34	0.36

Pair Trading with Elite Education

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elite Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elite Education will appreciate offsetting losses from the drop in the long position's value.

Moving against Elite Stock

0.56	WAFU	Wah Fu Education	Pair Corr
0.48	EDU	New Oriental Education	Pair Corr
0.46	GV	Visionary Education	Pair Corr
0.44	YQ	17 Education Technology	Pair Corr
0.35	EDTK	Skillful Craftsman	Pair Corr

The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elite Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elite Education Group to buy it.

The correlation of Elite Education is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Elite Education can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Elite Stock Analysis

When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.

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