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D-Market Electronic Services & Trading (HEPS)
NASDAQ:HEPS
US Market

D-Market (HEPS) Ratios

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D-Market Ratios

HEPS's free cash flow for Q4 2025 was ₺0.22. For the 2025 fiscal year, HEPS's free cash flow was decreased by ₺ and operating cash flow was ₺-0.03. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Mar 25Dec 23Dec 22
Liquidity Ratios
Current Ratio
0.89 0.89 0.97 1.07 1.08
Quick Ratio
0.63 0.63 0.69 0.78 0.85
Cash Ratio
0.34 0.34 0.31 0.40 0.68
Solvency Ratio
-0.07 -0.08 0.02 0.06 -0.43
Operating Cash Flow Ratio
0.16 0.14 <0.01 <0.01 >-0.01
Short-Term Operating Cash Flow Coverage
3.23 2.92 0.01 0.37 -1.19
Net Current Asset Value
₺ -5.27B₺ -5.27B₺ -1.97B₺ 500.14M₺ 582.42M
Leverage Ratios
Debt-to-Assets Ratio
0.09 0.09 0.09 0.03 0.03
Debt-to-Equity Ratio
1.59 1.59 0.67 0.14 0.14
Debt-to-Capital Ratio
0.61 0.61 0.40 0.12 0.12
Long-Term Debt-to-Capital Ratio
0.28 0.28 0.00 <0.01 <0.01
Financial Leverage Ratio
18.37 18.37 7.87 5.32 4.93
Debt Service Coverage Ratio
0.53 0.09 0.81 1.60 -5.88
Interest Coverage Ratio
-0.17 -0.17 <0.01 -0.53 -9.12
Debt to Market Cap
0.06 0.07 0.04 0.02 <0.01
Interest Debt Per Share
47.11 51.23 15.89 6.30 3.93
Net Debt to EBITDA
-1.21 -6.70 -1.36 -2.77 1.68
Profitability Margins
Gross Profit Margin
31.92%21.70%37.49%20.38%21.73%
EBIT Margin
4.72%-2.40%2.21%4.09%-15.98%
EBITDA Margin
8.60%1.35%5.80%7.39%-12.79%
Operating Profit Margin
-2.41%-2.40%0.03%-2.04%-19.31%
Pretax Profit Margin
-7.02%-6.78%-2.81%0.21%-18.09%
Net Profit Margin
-6.97%-6.73%-2.81%0.21%-18.09%
Continuous Operations Profit Margin
-6.97%-6.73%-2.81%0.21%-18.09%
Net Income Per EBT
99.21%99.25%100.00%100.00%100.00%
EBT Per EBIT
290.96%282.87%-9463.45%-10.42%93.70%
Return on Assets (ROA)
-14.99%-16.75%-6.14%0.30%-41.70%
Return on Equity (ROE)
-244.37%-307.62%-48.32%1.58%-205.50%
Return on Capital Employed (ROCE)
-53.94%-61.98%0.37%-12.76%-192.97%
Return on Invested Capital (ROIC)
-36.57%-42.04%0.27%-11.75%-179.77%
Return on Tangible Assets
-16.74%-18.71%-6.95%0.33%-45.52%
Earnings Yield
-14.25%-18.34%-4.67%0.45%-172.69%
Efficiency Ratios
Receivables Turnover
12.74 14.73 11.15 8.97 22.69
Payables Turnover
2.09 2.78 2.38 1.86 3.08
Inventory Turnover
6.20 8.24 5.94 4.95 10.15
Fixed Asset Turnover
24.15 27.92 26.77 23.05 29.88
Asset Turnover
2.15 2.49 2.18 1.40 2.30
Working Capital Turnover Ratio
-18.91 -41.26 167.56 28.98 16.45
Cash Conversion Cycle
-87.01 -62.20 -59.11 -82.11 -66.29
Days of Sales Outstanding
28.64 24.78 32.73 40.70 16.08
Days of Inventory Outstanding
58.87 44.27 61.43 73.80 35.94
Days of Payables Outstanding
174.52 131.25 153.28 196.61 118.32
Operating Cycle
87.51 69.05 94.16 114.49 52.03
Cash Flow Ratios
Operating Cash Flow Per Share
17.28 15.18 0.06 0.31 -0.08
Free Cash Flow Per Share
13.19 6.91 -0.13 0.16 -0.23
CapEx Per Share
4.08 8.28 0.19 0.15 0.16
Free Cash Flow to Operating Cash Flow
0.76 0.45 -2.35 0.51 2.99
Dividend Paid and CapEx Coverage Ratio
4.23 1.83 0.30 2.05 -0.50
Capital Expenditure Coverage Ratio
4.23 1.83 0.30 2.05 -0.50
Operating Cash Flow Coverage Ratio
1.66 1.50 <0.01 0.15 -0.05
Operating Cash Flow to Sales Ratio
0.07 0.05 <0.01 <0.01 >-0.01
Free Cash Flow Yield
10.02%6.48%-0.12%0.30%-1.91%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-7.02 -5.45 -21.42 224.61 -0.58
Price-to-Sales (P/S) Ratio
0.51 0.37 0.60 0.48 0.10
Price-to-Book (P/B) Ratio
19.32 16.77 10.35 3.56 1.19
Price-to-Free Cash Flow (P/FCF) Ratio
9.98 15.42 -800.86 334.91 -52.32
Price-to-Operating Cash Flow Ratio
7.29 7.01 1.88K 171.21 -156.45
Price-to-Earnings Growth (PEG) Ratio
0.08 -0.02 <0.01 -2.19 0.03
Price-to-Fair Value
19.32 16.77 10.35 3.56 1.19
Enterprise Value Multiple
4.72 20.52 9.02 3.69 0.86
Enterprise Value
32.26B 25.41B 29.86B 9.69B -4.20B
EV to EBITDA
4.72 20.52 9.02 3.69 0.86
EV to Sales
0.41 0.28 0.52 0.27 -0.11
EV to Free Cash Flow
7.94 11.62 -695.66 191.34 54.86
EV to Operating Cash Flow
6.06 5.29 1.64K 97.82 164.04
Tangible Book Value Per Share
6.52 6.35 0.82 6.44 6.05
Shareholders’ Equity Per Share
6.52 6.35 10.35 14.68 10.32
Tax and Other Ratios
Effective Tax Rate
<0.01 <0.01 0.00 0.00 0.00
Revenue Per Share
257.85 290.15 177.73 109.47 117.27
Net Income Per Share
-17.96 -19.53 -5.00 0.23 -21.22
Tax Burden
0.99 0.99 1.00 1.00 1.00
Interest Burden
-1.49 2.83 -1.27 0.05 1.13
Research & Development to Revenue
0.00 0.00 0.01 0.03 0.00
SG&A to Revenue
0.07 0.00 <0.01 0.11 0.13
Stock-Based Compensation to Revenue
<0.01 0.00 0.00 0.00 0.00
Income Quality
-1.36 -0.78 -0.37 31.25 0.15
Currency in TRY