Industry Analysis & Industry Trends
Although enrolments at governments are growing, private schools are nipping at the heels of their public counterparts. Despite economic slowdown in 2009, private school enrolments have continued to grow, albeit more slowly. Nearly two-thirds of full-time school students (2.29 million people) were enrolled in government schools in 2012. The share of students enrolled in government schools has declined over time. Enrolment is measured by the school academic year, beginning January and ending in December. In the five years through 2013, government school enrolment is forecast to grow at an annualised 2.1%, falling behind private school enrolment growth over the same period.
Due to slower enrolment growth, industry revenue growth is expected to only grow by an annualised 1.8%... purchase to read more
Industry Report - Industry Investment Chapter
Government schools have a high labour intensity, as teacher wages form the largest component of recurrent costs for a school. A common metric to measure and determine the success of schools is the teacher to student ratio. Although technology is playing an increasingly important role in education, face-to-face student-teacher contact is highly valued. This also means that the industry on average is spending $13.11 for every $1 spent on capital.
The teacher-student ratio is high compared to other education industries such as higher education. Labour costs account for 62.9% of total expenditure, higher than the industry average of approximately 55%... purchase to read more