Balance Sheet Data

TAL Education Group (TAL)

$13.89

+0.17 (+1.24%)

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Total Cash 1,515.562,219.325,937.512,708.723,171.531,243.131,199.471,157.351,116.711,077.49
Total Cash (%)
Account Receivables 10.5415.1918.6120.425.494.514.354.204.053.91
Account Receivables (%)
Inventories 7.7525.8338.6821.833912.3511.9111.4911.0910.70
Inventories (%)
Accounts Payable 106.49117.77353.7889.8459.9946.3544.7243.1541.6340.17
Accounts Payable (%)
Capital Expenditure -355.01-188.06-245.74-246.42-110.33-81.66-78.79-76.02-73.35-70.78
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.