Daqo New Energy (DQN) Ratios
Daqo New Energy Ratios
MX:DQN's free cash flow for Q3 2026 was $31.16M. For the 2026 fiscal year, MX:DQN's free cash flow was decreased by $-30.03M and operating cash flow was $61.19M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 5.41 | 5.05 | 4.28 | 6.64 | 3.17 |
| Quick Ratio | 5.07 | 4.76 | 4.07 | 6.41 | 2.57 |
| Cash Ratio | 1.97 | 1.93 | 3.63 | 4.75 | 1.31 |
| Solvency Ratio | 0.13 | -0.24 | 0.59 | 1.95 | 1.22 |
| Operating Cash Flow Ratio | 0.11 | -0.84 | 1.93 | 3.35 | 1.16 |
| Short-Term Operating Cash Flow Coverage | 0.00 | -63.86 | 0.00 | 119.25 | 0.00 |
| Net Current Asset Value | $ 2.16B | $ 2.07B | $ 2.60B | $ 3.90B | $ 1.06B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.46 | 1.47 | 1.56 | 1.58 | 1.55 |
| Debt Service Coverage Ratio | 0.00 | -16.12 | 0.00 | 126.20 | 47.16 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 51.33 |
| Debt to Market Cap | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 |
| Interest Debt Per Share | 0.00 | 0.10 | 0.00 | 0.27 | 0.28 |
| Net Debt to EBITDA | 2202.90 | 5.56 | -3.26 | -1.11 | -0.64 |
| Profitability Margins | |||||
| Gross Profit Margin | -20.72% | -20.69% | 39.89% | 73.95% | 65.36% |
| EBIT Margin | -35.63% | -37.75% | 33.95% | 65.98% | 62.63% |
| EBITDA Margin | -0.07% | -17.48% | 40.40% | 68.30% | 67.24% |
| Operating Profit Margin | -40.61% | -54.82% | 33.95% | 65.98% | 62.63% |
| Pretax Profit Margin | -35.63% | -50.34% | 35.47% | 65.46% | 61.21% |
| Net Profit Margin | -25.63% | -33.55% | 18.61% | 39.49% | 44.61% |
| Continuous Operations Profit Margin | -32.47% | -43.55% | 28.29% | 53.81% | 51.52% |
| Net Income Per EBT | 71.91% | 66.64% | 52.48% | 60.32% | 72.88% |
| EBT Per EBIT | 87.74% | 91.84% | 104.47% | 99.21% | 97.74% |
| Return on Assets (ROA) | -2.65% | -5.38% | 5.78% | 23.96% | 22.40% |
| Return on Equity (ROE) | -3.87% | -7.92% | 9.02% | 37.85% | 34.64% |
| Return on Capital Employed (ROCE) | -4.54% | -9.57% | 11.89% | 44.34% | 37.64% |
| Return on Invested Capital (ROIC) | -4.14% | -8.27% | 9.48% | 36.34% | 31.68% |
| Return on Tangible Assets | -2.71% | -5.51% | 5.90% | 24.22% | 22.67% |
| Earnings Yield | -8.56% | -26.85% | 21.61% | 62.12% | 25.15% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.91 | 18.65 | 19.83 | 4.07 | 4.59 |
| Payables Turnover | 6.20 | 46.96 | 14.93 | 14.66 | 7.14 |
| Inventory Turnover | 4.75 | 8.28 | 8.01 | 7.08 | 1.77 |
| Fixed Asset Turnover | 0.20 | 0.29 | 0.64 | 1.77 | 1.08 |
| Asset Turnover | 0.10 | 0.16 | 0.31 | 0.61 | 0.50 |
| Working Capital Turnover Ratio | 0.31 | 0.42 | 0.67 | 1.72 | 3.08 |
| Cash Conversion Cycle | 92.26 | 55.86 | 39.56 | 116.27 | 234.13 |
| Days of Sales Outstanding | 74.34 | 19.57 | 18.41 | 89.63 | 79.56 |
| Days of Inventory Outstanding | 76.84 | 44.06 | 45.60 | 51.54 | 205.71 |
| Days of Payables Outstanding | 58.92 | 7.77 | 24.44 | 24.89 | 51.13 |
| Operating Cycle | 151.18 | 63.63 | 64.01 | 141.17 | 285.26 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.83 | -6.59 | 21.63 | 32.51 | 8.65 |
| Free Cash Flow Per Share | -1.83 | -12.02 | 5.74 | 16.03 | 1.77 |
| Dividend Paid and CapEx Coverage Ratio | 0.31 | -1.21 | 1.36 | 1.97 | 1.26 |
| Capital Expenditure Coverage Ratio | 0.31 | -1.21 | 1.36 | 1.97 | 1.26 |
| Operating Cash Flow Coverage Ratio | 0.00 | -63.86 | 0.00 | 119.25 | 0.00 |
| Operating Cash Flow to Sales Ratio | 0.08 | -0.42 | 0.70 | 0.54 | 0.38 |
| Free Cash Flow Yield | -6.19% | -61.81% | 21.60% | 41.52% | 4.39% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -11.57 | -3.72 | 4.63 | 1.61 | 3.98 |
| Price-to-Sales (P/S) Ratio | 2.99 | 1.25 | 0.86 | 0.64 | 1.77 |
| Price-to-Book (P/B) Ratio | 0.45 | 0.29 | 0.42 | 0.61 | 1.38 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -16.15 | -1.62 | 4.63 | 2.41 | 22.78 |
| Price-to-Operating Cash Flow Ratio | 35.50 | -2.95 | 1.23 | 1.19 | 4.66 |
| Price-to-Earnings Growth (PEG) Ratio | 0.23 | 0.02 | -0.06 | 0.01 | 0.01 |
| Enterprise Value Multiple | -2274.93 | -1.59 | -1.13 | -0.17 | 2.00 |
| Enterprise Value | 1.01B | 285.91M | -1.05B | -549.34M | 2.25B |
| EV to EBITDA | -2274.93 | -1.59 | -1.13 | -0.17 | 2.00 |
| EV to Sales | 1.52 | 0.28 | -0.46 | -0.12 | 1.34 |
| EV to Free Cash Flow | -8.21 | -0.36 | -2.45 | -0.45 | 17.25 |
| EV to Operating Cash Flow | 18.04 | -0.66 | -0.65 | -0.22 | 3.53 |
| Tangible Book Value Per Share | 85.28 | 86.27 | 84.29 | 85.99 | 35.51 |
| Shareholders’ Equity Per Share | 65.24 | 65.95 | 63.73 | 63.36 | 29.27 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.09 | 0.13 | 0.20 | 0.18 | 0.16 |
| Revenue Per Share | 9.85 | 15.56 | 30.89 | 60.74 | 22.73 |
| Net Income Per Share | -2.52 | -5.22 | 5.75 | 23.98 | 10.14 |
| Tax Burden | 0.72 | 0.67 | 0.52 | 0.60 | 0.73 |
| Interest Burden | 1.00 | 1.33 | 1.04 | 0.99 | 0.98 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.21 | 0.16 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.06 | 0.07 | 0.01 |
| Income Quality | -0.33 | 1.26 | 3.76 | 0.98 | 0.74 |
Currency in USD
