Balance Sheet Data

TAL Education Group (TAL)

$5.69

+0.22 (+4.02%)

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 1,498.911,515.562,219.325,937.512,708.724,588.785,875.627,523.329,633.0912,334.50
Total Cash (%)
Account Receivables 55.21103.39138.27158.9974.67187.95240.65308.14394.55505.20
Account Receivables (%)
Inventories 5.277.7525.8338.6821.8330.9939.6950.8165.0683.31
Inventories (%)
Accounts Payable 57.61106.49117.77353.7889.84236.44302.74387.64496.35635.54
Accounts Payable (%)
Capital Expenditure -128.42-355.01-188.06-245.74-246.42-429.12-549.46-703.55-900.85-1,153.47
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.