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China Mengniu Dairy Co (2319) Ratios
China Mengniu Dairy Co Ratios
HK:2319's free cash flow for Q2 2026 was $2.00B. For the 2026 fiscal year, HK:2319's free cash flow was decreased by $-493.33M and operating cash flow was $2.50B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.00 | 0.97 | 1.05 | 1.11 | 1.07 |
| Quick Ratio | 0.87 | 0.83 | 0.86 | 0.87 | 0.84 |
| Cash Ratio | 0.39 | 0.47 | 0.38 | 0.39 | 0.39 |
| Solvency Ratio | 0.10 | 0.06 | 0.13 | 0.12 | 0.13 |
| Operating Cash Flow Ratio | 0.25 | 0.23 | 0.26 | 0.25 | 0.26 |
| Short-Term Operating Cash Flow Coverage | 0.63 | 0.50 | 0.87 | 0.94 | 1.85 |
| Net Current Asset Value | $ -14.64B | $ -22.50B | $ -30.44B | $ -30.98B | $ -25.08B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.26 | 0.33 | 0.32 | 0.34 | 0.28 |
| Debt-to-Equity Ratio | 0.63 | 0.83 | 0.84 | 1.00 | 0.73 |
| Debt-to-Capital Ratio | 0.39 | 0.45 | 0.46 | 0.50 | 0.42 |
| Long-Term Debt-to-Capital Ratio | 0.21 | 0.30 | 0.38 | 0.43 | 0.38 |
| Financial Leverage Ratio | 2.38 | 2.56 | 2.60 | 2.94 | 2.66 |
| Debt Service Coverage Ratio | 0.45 | 0.28 | 0.88 | 0.92 | 1.68 |
| Interest Coverage Ratio | 5.43 | 5.24 | 4.29 | 4.42 | 6.25 |
| Debt to Market Cap | 0.47 | 0.53 | 0.51 | 0.31 | 0.19 |
| Interest Debt Per Share | 6.75 | 9.19 | 9.89 | 10.42 | 7.04 |
| Net Debt to EBITDA | 1.49 | 2.95 | 2.23 | 2.60 | 1.76 |
| Profitability Margins | |||||
| Gross Profit Margin | 39.32% | 39.57% | 37.15% | 35.30% | 36.75% |
| EBIT Margin | 5.73% | 2.78% | 7.99% | 8.24% | 7.50% |
| EBITDA Margin | 9.77% | 6.62% | 11.34% | 11.35% | 10.22% |
| Operating Profit Margin | 6.41% | 8.67% | 6.82% | 5.37% | 5.27% |
| Pretax Profit Margin | 3.54% | 1.13% | 6.40% | 7.02% | 6.66% |
| Net Profit Margin | 1.88% | 0.12% | 4.88% | 5.73% | 5.70% |
| Continuous Operations Profit Margin | 1.97% | 0.25% | 4.96% | 5.60% | 5.63% |
| Net Income Per EBT | 53.13% | 10.46% | 76.19% | 81.55% | 85.64% |
| EBT Per EBIT | 55.21% | 13.00% | 93.82% | 130.78% | 126.45% |
| Return on Assets (ROA) | 1.60% | 0.10% | 4.17% | 4.50% | 5.12% |
| Return on Equity (ROE) | 3.81% | 0.25% | 10.85% | 13.22% | 13.65% |
| Return on Capital Employed (ROCE) | 8.50% | 11.09% | 8.14% | 5.87% | 6.72% |
| Return on Invested Capital (ROIC) | 3.88% | 2.01% | 5.64% | 4.23% | 5.36% |
| Return on Tangible Assets | 1.93% | 0.12% | 5.14% | 5.58% | 5.99% |
| Earnings Yield | 2.95% | 0.16% | 6.78% | 4.29% | 3.54% |
| Efficiency Ratios | |||||
| Receivables Turnover | 19.55 | 26.31 | 24.47 | 11.16 | 21.19 |
| Payables Turnover | 6.30 | 6.20 | 6.53 | 5.87 | 6.33 |
| Inventory Turnover | 10.40 | 10.85 | 10.18 | 7.42 | 8.60 |
| Fixed Asset Turnover | 3.59 | 3.64 | 3.90 | 3.69 | 4.24 |
| Asset Turnover | 0.85 | 0.83 | 0.86 | 0.79 | 0.90 |
| Working Capital Turnover Ratio | -149.82 | 600.31 | 38.24 | 33.24 | 24.12 |
| Cash Conversion Cycle | -4.17 | -11.40 | -5.17 | 19.76 | 2.05 |
| Days of Sales Outstanding | 18.67 | 13.87 | 14.92 | 32.72 | 17.23 |
| Days of Inventory Outstanding | 35.11 | 33.63 | 35.85 | 49.19 | 42.46 |
| Days of Payables Outstanding | 57.95 | 58.90 | 55.94 | 62.15 | 57.64 |
| Operating Cycle | 53.78 | 47.50 | 50.77 | 81.91 | 59.69 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.24 | 2.12 | 2.12 | 2.11 | 1.91 |
| Free Cash Flow Per Share | 1.61 | 1.24 | 1.07 | 0.83 | 0.34 |
| Dividend Paid and CapEx Coverage Ratio | 1.97 | 1.54 | 1.46 | 1.27 | 1.03 |
| Capital Expenditure Coverage Ratio | 3.57 | 2.40 | 2.02 | 1.65 | 1.21 |
| Operating Cash Flow Coverage Ratio | 0.34 | 0.24 | 0.22 | 0.21 | 0.28 |
| Operating Cash Flow to Sales Ratio | 0.11 | 0.09 | 0.08 | 0.09 | 0.09 |
| Free Cash Flow Yield | 12.03% | 7.50% | 5.94% | 2.65% | 0.93% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 33.48 | 619.66 | 14.75 | 23.29 | 28.25 |
| Price-to-Sales (P/S) Ratio | 0.64 | 0.73 | 0.72 | 1.33 | 1.61 |
| Price-to-Book (P/B) Ratio | 1.29 | 1.56 | 1.60 | 3.08 | 3.86 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 8.31 | 13.33 | 16.83 | 37.79 | 107.21 |
| Price-to-Operating Cash Flow Ratio | 5.98 | 7.77 | 8.50 | 14.82 | 18.82 |
| Price-to-Earnings Growth (PEG) Ratio | 0.02 | -6.33 | -1.65 | 4.23 | 0.69 |
| Enterprise Value Multiple | 8.00 | 13.97 | 8.58 | 14.35 | 17.52 |
| Enterprise Value | 64.30B | 82.06B | 95.91B | 150.78B | 157.80B |
| EV to EBITDA | 8.00 | 13.97 | 8.58 | 14.35 | 17.52 |
| EV to Sales | 0.78 | 0.93 | 0.97 | 1.63 | 1.79 |
| EV to Free Cash Flow | 10.21 | 16.89 | 22.76 | 46.13 | 119.15 |
| EV to Operating Cash Flow | 7.35 | 9.85 | 11.49 | 18.09 | 20.92 |
| Tangible Book Value Per Share | 7.86 | 7.66 | 7.38 | 6.91 | 7.04 |
| Shareholders’ Equity Per Share | 10.37 | 10.58 | 11.24 | 10.15 | 9.34 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.44 | 0.78 | 0.23 | 0.20 | 0.15 |
| Revenue Per Share | 21.04 | 22.58 | 25.02 | 23.43 | 22.35 |
| Net Income Per Share | 0.40 | 0.03 | 1.22 | 1.34 | 1.27 |
| Tax Burden | 0.53 | 0.10 | 0.76 | 0.82 | 0.86 |
| Interest Burden | 0.62 | 0.41 | 0.80 | 0.85 | 0.89 |
| Research & Development to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| SG&A to Revenue | 0.31 | 0.31 | 0.05 | 0.05 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Income Quality | 3.01 | 8.34 | 1.74 | 1.57 | 1.29 |
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