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NetEase (NTES)
NASDAQ:NTES
US Market

NetEase (NTES) Ratios

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NetEase Ratios

NTES's free cash flow for Q1 2025 was ¥0.64. For the 2025 fiscal year, NTES's free cash flow was decreased by ¥ and operating cash flow was ¥0.36. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
3.21 2.65 2.32 2.24 2.31
Quick Ratio
3.20 2.64 2.30 2.22 2.29
Cash Ratio
0.85 0.40 0.44 0.29 0.20
Solvency Ratio
0.65 0.56 0.36 0.37 0.26
Operating Cash Flow Ratio
0.86 0.66 0.49 0.49 0.53
Short-Term Operating Cash Flow Coverage
4.30 1.84 1.16 1.29 1.28
Net Current Asset Value
¥ 104.68B¥ 84.85B¥ 67.72B¥ 58.75B¥ 48.95B
Leverage Ratios
Debt-to-Assets Ratio
0.05 0.11 0.16 0.13 0.14
Debt-to-Equity Ratio
0.07 0.16 0.26 0.22 0.24
Debt-to-Capital Ratio
0.06 0.14 0.21 0.18 0.19
Long-Term Debt-to-Capital Ratio
0.00 <0.01 0.03 0.01 <0.01
Financial Leverage Ratio
1.40 1.50 1.65 1.61 1.73
Debt Service Coverage Ratio
2.94 1.35 0.67 0.80 0.77
Interest Coverage Ratio
0.00 0.00 9.13 0.00 0.00
Debt to Market Cap
0.02 0.05 0.02 <0.01 <0.01
Interest Debt Per Share
3.10 6.30 9.09 6.20 5.90
Net Debt to EBITDA
-0.92 -0.03 0.12 0.31 0.58
Profitability Margins
Gross Profit Margin
62.71%60.95%54.68%53.62%52.92%
EBIT Margin
30.21%26.78%20.34%18.74%19.74%
EBITDA Margin
32.38%29.73%23.30%22.48%24.43%
Operating Profit Margin
30.21%26.78%20.34%18.74%19.74%
Pretax Profit Margin
36.25%32.92%25.13%24.09%20.87%
Net Profit Margin
30.17%28.43%21.08%19.24%16.37%
Continuous Operations Profit Margin
30.76%28.37%19.92%19.38%16.74%
Net Income Per EBT
83.24%86.37%83.87%79.87%78.47%
EBT Per EBIT
119.99%122.91%123.55%128.55%105.73%
Return on Assets (ROA)
16.11%15.82%11.77%10.97%8.50%
Return on Equity (ROE)
23.73%23.67%19.42%17.68%14.69%
Return on Capital Employed (ROCE)
21.36%20.98%16.93%15.92%15.28%
Return on Invested Capital (ROIC)
17.02%15.76%11.11%10.75%10.14%
Return on Tangible Assets
16.45%16.52%12.06%11.27%8.76%
Earnings Yield
5.52%6.84%1.24%0.78%0.58%
Efficiency Ratios
Receivables Turnover
15.91 11.21 19.29 15.91 16.10
Payables Turnover
70.78 45.86 29.01 41.25 30.57
Inventory Turnover
77.25 58.11 44.01 42.12 55.83
Fixed Asset Turnover
12.69 11.73 15.21 16.12 16.17
Asset Turnover
0.53 0.56 0.56 0.57 0.52
Working Capital Turnover Ratio
1.01 1.26 1.40 1.42 1.36
Cash Conversion Cycle
22.51 30.90 14.64 22.77 17.27
Days of Sales Outstanding
22.94 32.57 18.92 22.95 22.68
Days of Inventory Outstanding
4.72 6.28 8.29 8.67 6.54
Days of Payables Outstanding
5.16 7.96 12.58 8.85 11.94
Operating Cycle
27.67 38.86 27.22 31.61 29.21
Cash Flow Ratios
Operating Cash Flow Per Share
13.30 10.87 8.49 7.49 7.53
Free Cash Flow Per Share
12.60 9.55 7.68 6.56 6.53
CapEx Per Share
0.74 1.32 0.81 0.94 1.00
Free Cash Flow to Operating Cash Flow
0.95 0.88 0.90 0.88 0.87
Dividend Paid and CapEx Coverage Ratio
2.98 2.87 2.96 3.77 3.29
Capital Expenditure Coverage Ratio
17.93 8.26 10.48 8.02 7.56
Operating Cash Flow Coverage Ratio
4.30 1.72 1.01 1.21 1.28
Operating Cash Flow to Sales Ratio
0.39 0.34 0.29 0.28 0.34
Free Cash Flow Yield
6.71%1.45%1.53%1.01%1.05%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
18.11 14.61 80.38 127.56 171.24
Price-to-Sales (P/S) Ratio
5.55 4.15 16.94 24.54 28.04
Price-to-Book (P/B) Ratio
4.07 3.46 15.61 22.56 25.15
Price-to-Free Cash Flow (P/FCF) Ratio
14.90 13.84 65.22 98.56 95.64
Price-to-Operating Cash Flow Ratio
13.88 12.17 59.00 86.26 82.99
Price-to-Earnings Growth (PEG) Ratio
1.92 0.30 3.90 3.28 -13.46
Price-to-Fair Value
4.07 3.46 15.61 22.56 25.15
Enterprise Value Multiple
16.24 13.94 72.82 109.50 115.36
Enterprise Value
563.92B 2.15T 1.64T 2.16T 2.08T
EV to EBITDA
16.24 69.83 72.82 109.50 115.36
EV to Sales
5.26 20.76 16.97 24.61 28.18
EV to Free Cash Flow
14.10 69.17 65.33 98.84 96.12
EV to Operating Cash Flow
13.35 60.80 59.09 86.51 83.41
Tangible Book Value Per Share
45.28 37.00 31.43 28.44 23.75
Shareholders’ Equity Per Share
45.32 38.24 32.09 28.66 24.85
Tax and Other Ratios
Effective Tax Rate
0.15 0.14 0.21 0.20 0.20
Revenue Per Share
33.80 31.83 29.57 26.34 22.29
Net Income Per Share
10.20 9.05 6.23 5.07 3.65
Tax Burden
0.83 0.86 0.84 0.80 0.78
Interest Burden
1.20 1.23 1.24 1.29 1.06
Research & Development to Revenue
0.17 0.16 0.16 0.16 0.14
SG&A to Revenue
0.04 0.05 0.05 0.05 0.05
Stock-Based Compensation to Revenue
0.04 0.03 0.03 0.03 0.04
Income Quality
1.29 1.20 1.44 1.47 2.02
Currency in CNY
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