Striving for Sustainable Development: Analysis of the Revenue and
Operation Cost of Private Kindergartens in Chinese Society
Abstract
This study explores the revenue and operation cost structures of private
kindergartens in China as profitability is key to their sustainable
development. Altogether 233 private kindergartens were sampled and
involved in the survey study, which provides a quantitative analysis of
the researcher-designed Questionnaire on the Revenue and Cost of Private
Kindergartens (QRCPK). And 23 of these participating kindergartens were
involved in a semi-structured interview. Analyses of both survey and
interview data jointly indicated that: (1) the majority of the revenue
of private kindergartens depended on the tuition fees; (2) their labor
cost and rent costs are massive high; (3) the low profitability has been
proved by the high cost-revenue ratio; (4) the poor cost accounting and
financial management strategies hindered the sustainable development of
private kindergartens.