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STOCKS

NetEase (NTES)

NASDAQ:NTES

NTES

NetEase

RESEARCH TOOLSreports

NetEase (NTES) Ratios

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2,788 Followers

NetEase Ratios

NTES's free cash flow for Q3 2025 was ¥0.64. For the 2025 fiscal year, NTES's free cash flow was decreased by ¥ and operating cash flow was ¥0.28. See a summary of the company’s cash flow.

Ratios	TTM	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	3.42	3.09	2.65	2.32	2.24
Quick Ratio	3.41	3.08	2.64	2.30	2.22
Cash Ratio	0.63	1.03	0.40	0.44	0.29
Solvency Ratio	0.72	0.60	0.56	0.36	0.37
Operating Cash Flow Ratio	0.98	0.80	0.66	0.49	0.49
Short-Term Operating Cash Flow Coverage	6.66	3.36	1.84	1.16	1.29
Net Current Asset Value	¥ 117.65B	¥ 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	0.05	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	<0.01	<0.01	0.03	0.01
Financial Leverage Ratio	1.37	1.41	1.50	1.65	1.61
Debt Service Coverage Ratio	4.27	2.25	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	2.30	19.83	31.51	43.61	32.61
Net Debt to EBITDA	-0.64	-1.21	-0.03	0.16	0.37
Profitability Margins
Gross Profit Margin	63.47%	62.50%	60.95%	54.68%	53.62%
EBIT Margin	31.60%	28.10%	26.78%	20.34%	18.74%
EBITDA Margin	33.59%	30.39%	29.73%	23.30%	22.48%
Operating Profit Margin	31.60%	28.10%	26.78%	20.34%	18.74%
Pretax Profit Margin	38.91%	33.92%	32.92%	25.13%	24.09%
Net Profit Margin	32.45%	28.20%	28.43%	21.08%	19.24%
Continuous Operations Profit Margin	33.40%	28.73%	28.37%	19.92%	19.38%
Net Income Per EBT	83.39%	83.15%	86.37%	83.87%	79.87%
EBT Per EBIT	123.14%	120.73%	122.91%	123.55%	128.55%
Return on Assets (ROA)	16.92%	15.15%	15.82%	11.77%	10.97%
Return on Equity (ROE)	24.67%	21.41%	23.67%	19.42%	17.68%
Return on Capital Employed (ROCE)	21.49%	20.22%	20.98%	16.93%	15.92%
Return on Invested Capital (ROIC)	17.66%	15.83%	15.76%	11.11%	10.75%
Return on Tangible Assets	17.24%	15.75%	16.52%	12.37%	11.52%
Earnings Yield	6.65%	7.06%	6.84%	6.22%	3.92%
Efficiency Ratios
Receivables Turnover	18.76	12.93	11.21	19.14	13.81
Payables Turnover	56.86	54.80	45.86	29.01	41.25
Inventory Turnover	64.09	69.09	58.11	44.01	42.12
Fixed Asset Turnover	13.13	12.36	11.73	13.35	13.52
Asset Turnover	0.52	0.54	0.56	0.56	0.57
Working Capital Turnover Ratio	0.96	1.09	1.26	1.40	1.42
Cash Conversion Cycle	18.74	26.86	30.90	14.78	26.25
Days of Sales Outstanding	19.46	28.24	32.57	19.07	26.44
Days of Inventory Outstanding	5.70	5.28	6.28	8.29	8.67
Days of Payables Outstanding	6.42	6.66	7.96	12.58	8.85
Operating Cycle	25.16	33.52	38.86	27.36	35.10
Cash Flow Ratios
Operating Cash Flow Per Share	15.33	61.39	54.35	42.45	37.47
Free Cash Flow Per Share	14.69	57.98	47.77	38.40	32.80
CapEx Per Share	0.64	3.41	6.58	4.05	4.68
Free Cash Flow to Operating Cash Flow	0.96	0.94	0.88	0.90	0.88
Dividend Paid and CapEx Coverage Ratio	3.20	2.97	2.87	2.96	3.77
Capital Expenditure Coverage Ratio	23.95	17.98	8.26	10.48	8.02
Operating Cash Flow Coverage Ratio	6.66	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	8.67%	8.90%	7.23%	7.67%	5.07%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	15.54	14.17	14.61	16.08	25.51
Price-to-Sales (P/S) Ratio	5.00	4.00	4.15	3.39	4.91
Price-to-Book (P/B) Ratio	3.61	3.03	3.46	3.12	4.51
Price-to-Free Cash Flow (P/FCF) Ratio	11.93	11.23	13.84	13.04	19.71
Price-to-Operating Cash Flow Ratio	11.53	10.61	12.17	11.80	17.25
Price-to-Earnings Growth (PEG) Ratio	2.53	9.97	0.31	0.70	0.66
Price-to-Fair Value	3.61	3.03	3.46	3.12	4.51
Enterprise Value Multiple	14.26	11.94	13.94	14.70	22.20
Enterprise Value	517.07B	382.26B	428.88B	330.53B	437.24B
EV to EBITDA	13.77	11.94	13.94	14.70	22.20
EV to Sales	4.62	3.63	4.15	3.43	4.99
EV to Free Cash Flow	11.03	10.20	13.81	13.19	20.04
EV to Operating Cash Flow	10.57	9.63	12.14	11.93	17.54
Tangible Book Value Per Share	49.15	208.96	185.00	153.93	138.25
Shareholders’ Equity Per Share	48.96	214.58	191.18	160.46	143.31
Tax and Other Ratios
Effective Tax Rate	0.14	0.15	0.14	0.21	0.20
Revenue Per Share	35.04	162.92	159.16	147.84	131.70
Net Income Per Share	11.37	45.95	45.25	31.16	25.34
Tax Burden	0.83	0.83	0.86	0.84	0.80
Interest Burden	1.23	1.21	1.23	1.24	1.29
Research & Development to Revenue	0.16	0.17	0.16	0.16	0.16
SG&A to Revenue	0.04	0.04	0.05	0.05	0.05
Stock-Based Compensation to Revenue	0.03	0.04	0.03	0.03	0.03
Income Quality	1.31	1.31	1.20	1.44	1.47

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