Netease Inc (9999N) Ratios
Netease Inc Ratios
MX:9999N's free cash flow for Q2 2026 was $10.17B. For the 2026 fiscal year, MX:9999N's free cash flow was decreased by $-24.81M and operating cash flow was $10.20B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.45 | 3.09 | 2.65 | 2.32 | 2.24 |
| Quick Ratio | 3.44 | 3.08 | 2.64 | 2.30 | 2.22 |
| Cash Ratio | 0.98 | 1.03 | 0.40 | 0.44 | 0.29 |
| Solvency Ratio | 0.64 | 0.60 | 0.56 | 0.36 | 0.37 |
| Operating Cash Flow Ratio | 0.94 | 0.80 | 0.66 | 0.49 | 0.49 |
| Short-Term Operating Cash Flow Coverage | 7.74 | 3.36 | 1.84 | 1.16 | 1.29 |
| Net Current Asset Value | $ 124.36B | $ 99.83B | $ 84.85B | $ 67.72B | $ 58.75B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.03 | 0.07 | 0.11 | 0.16 | 0.14 |
| Debt-to-Equity Ratio | 0.04 | 0.09 | 0.16 | 0.27 | 0.23 |
| Debt-to-Capital Ratio | 0.04 | 0.08 | 0.14 | 0.21 | 0.19 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.03 | 0.01 |
| Financial Leverage Ratio | 1.38 | 1.41 | 1.50 | 1.65 | 1.61 |
| Debt Service Coverage Ratio | 5.80 | 2.77 | 1.35 | 0.73 | 0.80 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.01 | 0.03 | 0.05 | 0.08 | 0.05 |
| Interest Debt Per Share | 2.00 | 4.00 | 6.37 | 8.72 | 6.52 |
| Net Debt to EBITDA | -1.05 | -1.01 | -0.03 | 0.16 | 0.37 |
| Profitability Margins | |||||
| Gross Profit Margin | 64.29% | 62.50% | 60.95% | 54.68% | 53.62% |
| EBIT Margin | 36.25% | 33.92% | 26.78% | 20.34% | 18.74% |
| EBITDA Margin | 38.25% | 36.22% | 29.73% | 23.30% | 22.48% |
| Operating Profit Margin | 31.82% | 28.10% | 26.78% | 20.34% | 18.74% |
| Pretax Profit Margin | 36.25% | 33.92% | 32.92% | 25.13% | 24.09% |
| Net Profit Margin | 29.98% | 28.20% | 28.43% | 21.08% | 19.24% |
| Continuous Operations Profit Margin | 30.90% | 28.73% | 28.37% | 19.92% | 19.38% |
| Net Income Per EBT | 82.68% | 83.15% | 86.37% | 83.87% | 79.87% |
| EBT Per EBIT | 113.94% | 120.73% | 122.91% | 123.55% | 128.55% |
| Return on Assets (ROA) | 15.24% | 15.15% | 15.82% | 11.77% | 10.97% |
| Return on Equity (ROE) | 21.05% | 21.41% | 23.67% | 19.42% | 17.68% |
| Return on Capital Employed (ROCE) | 21.19% | 20.22% | 20.98% | 16.93% | 15.92% |
| Return on Invested Capital (ROIC) | 17.40% | 15.83% | 15.76% | 11.11% | 10.75% |
| Return on Tangible Assets | 15.24% | 15.75% | 16.52% | 12.37% | 11.52% |
| Earnings Yield | 5.49% | 7.14% | 7.18% | 6.16% | 3.95% |
| Efficiency Ratios | |||||
| Receivables Turnover | 21.09 | 18.57 | 16.11 | 19.29 | 12.40 |
| Payables Turnover | 62.51 | 54.80 | 45.86 | 29.01 | 41.25 |
| Inventory Turnover | 58.34 | 69.09 | 58.11 | 44.01 | 42.12 |
| Fixed Asset Turnover | 13.36 | 11.62 | 11.73 | 15.21 | 16.12 |
| Asset Turnover | 0.51 | 0.54 | 0.56 | 0.56 | 0.57 |
| Working Capital Turnover Ratio | 0.97 | 1.09 | 1.26 | 1.40 | 1.42 |
| Cash Conversion Cycle | 17.72 | 18.27 | 20.98 | 14.64 | 29.25 |
| Days of Sales Outstanding | 17.31 | 19.65 | 22.66 | 18.92 | 29.43 |
| Days of Inventory Outstanding | 6.26 | 5.28 | 6.28 | 8.29 | 8.67 |
| Days of Payables Outstanding | 5.84 | 6.66 | 7.96 | 12.58 | 8.85 |
| Operating Cycle | 23.56 | 24.93 | 28.94 | 27.22 | 38.10 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 15.49 | 12.40 | 10.98 | 8.49 | 7.49 |
| Free Cash Flow Per Share | 15.16 | 12.00 | 9.66 | 7.68 | 6.56 |
| Dividend Paid and CapEx Coverage Ratio | 3.41 | 3.19 | 2.87 | 2.96 | 3.77 |
| Capital Expenditure Coverage Ratio | 47.63 | 31.11 | 8.26 | 10.48 | 8.02 |
| Operating Cash Flow Coverage Ratio | 7.74 | 3.10 | 1.72 | 0.97 | 1.15 |
| Operating Cash Flow to Sales Ratio | 0.44 | 0.38 | 0.34 | 0.29 | 0.28 |
| Free Cash Flow Yield | 7.87% | 9.23% | 7.58% | 7.60% | 5.11% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 18.22 | 14.01 | 13.93 | 16.22 | 25.31 |
| Price-to-Sales (P/S) Ratio | 5.46 | 3.95 | 3.96 | 3.42 | 4.87 |
| Price-to-Book (P/B) Ratio | 3.84 | 3.00 | 3.30 | 3.15 | 4.48 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 12.71 | 10.83 | 13.19 | 13.16 | 19.55 |
| Price-to-Operating Cash Flow Ratio | 12.45 | 10.49 | 11.60 | 11.91 | 17.11 |
| Price-to-Earnings Growth (PEG) Ratio | 1.30 | 9.86 | 0.27 | 0.85 | 0.65 |
| Enterprise Value Multiple | 13.23 | 9.90 | 13.29 | 14.83 | 22.03 |
| Enterprise Value | 570.11B | 377.45B | 408.83B | 333.52B | 433.80B |
| EV to EBITDA | 13.23 | 9.90 | 13.29 | 14.83 | 22.03 |
| EV to Sales | 5.06 | 3.58 | 3.95 | 3.46 | 4.95 |
| EV to Free Cash Flow | 11.78 | 9.83 | 13.16 | 13.31 | 19.88 |
| EV to Operating Cash Flow | 11.53 | 9.51 | 11.57 | 12.04 | 17.40 |
| Tangible Book Value Per Share | 51.75 | 42.20 | 37.39 | 30.79 | 27.65 |
| Shareholders’ Equity Per Share | 50.24 | 43.33 | 38.64 | 32.09 | 28.66 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.15 | 0.14 | 0.21 | 0.20 |
| Revenue Per Share | 35.29 | 32.90 | 32.17 | 29.57 | 26.34 |
| Net Income Per Share | 10.58 | 9.28 | 9.15 | 6.23 | 5.07 |
| Tax Burden | 0.83 | 0.83 | 0.86 | 0.84 | 0.80 |
| Interest Burden | 1.00 | 1.00 | 1.23 | 1.24 | 1.29 |
| Research & Development to Revenue | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 |
| SG&A to Revenue | 0.17 | 0.18 | 0.05 | 0.05 | 0.05 |
| Stock-Based Compensation to Revenue | 0.00 | 0.04 | 0.03 | 0.03 | 0.03 |
| Income Quality | 1.50 | 1.31 | 1.20 | 1.44 | 1.47 |
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