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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 Q4 2024 was ¥0.61. For the 2024 fiscal year, NTES's free cash flow was decreased by ¥ and operating cash flow was ¥0.29. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
3.09 2.65 2.32 2.24 2.31
Quick Ratio
3.08 2.64 2.30 2.22 2.29
Cash Ratio
1.03 0.40 0.44 0.29 0.20
Solvency Ratio
0.60 0.56 0.36 0.37 0.26
Operating Cash Flow Ratio
0.80 0.66 0.49 0.49 0.53
Short-Term Operating Cash Flow Coverage
3.36 1.84 1.16 1.29 1.28
Net Current Asset Value
¥ 99.83B¥ 84.85B¥ 67.72B¥ 58.75B¥ 48.95B
Leverage Ratios
Debt-to-Assets Ratio
0.07 0.11 0.16 0.13 0.14
Debt-to-Equity Ratio
0.09 0.16 0.26 0.22 0.24
Debt-to-Capital Ratio
0.08 0.14 0.21 0.18 0.19
Long-Term Debt-to-Capital Ratio
<0.01 <0.01 0.03 0.01 <0.01
Financial Leverage Ratio
1.41 1.50 1.65 1.61 1.73
Debt Service Coverage Ratio
2.25 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
0.03 0.05 0.02 <0.01 <0.01
Interest Debt Per Share
3.97 6.30 9.09 6.20 5.90
Net Debt to EBITDA
-1.21 -0.03 0.12 0.31 0.58
Profitability Margins
Gross Profit Margin
62.50%60.95%54.68%53.62%52.92%
EBIT Margin
28.10%26.78%20.34%18.74%19.74%
EBITDA Margin
30.39%29.73%23.30%22.48%24.43%
Operating Profit Margin
28.10%26.78%20.34%18.74%19.74%
Pretax Profit Margin
33.92%32.92%25.13%24.09%20.87%
Net Profit Margin
28.20%28.43%21.08%19.24%16.37%
Continuous Operations Profit Margin
28.73%28.37%19.92%19.38%16.74%
Net Income Per EBT
83.15%86.37%83.87%79.87%78.47%
EBT Per EBIT
120.73%122.91%123.55%128.55%105.73%
Return on Assets (ROA)
15.15%15.82%11.77%10.97%8.50%
Return on Equity (ROE)
21.41%23.67%19.42%17.68%14.69%
Return on Capital Employed (ROCE)
20.22%20.98%16.93%15.92%15.28%
Return on Invested Capital (ROIC)
15.83%15.76%11.11%10.75%10.14%
Return on Tangible Assets
15.48%16.52%12.06%11.27%8.76%
Earnings Yield
7.06%6.84%1.24%0.78%0.58%
Efficiency Ratios
Receivables Turnover
18.57 11.21 19.29 15.91 16.10
Payables Turnover
54.80 45.86 29.01 41.25 30.57
Inventory Turnover
69.09 58.11 44.01 42.12 55.83
Fixed Asset Turnover
12.36 11.73 15.21 16.12 16.17
Asset Turnover
0.54 0.56 0.56 0.57 0.52
Working Capital Turnover Ratio
1.09 1.26 1.40 1.42 1.36
Cash Conversion Cycle
18.27 30.90 14.64 22.77 17.27
Days of Sales Outstanding
19.65 32.57 18.92 22.95 22.68
Days of Inventory Outstanding
5.28 6.28 8.29 8.67 6.54
Days of Payables Outstanding
6.66 7.96 12.58 8.85 11.94
Operating Cycle
24.93 38.86 27.22 31.61 29.21
Cash Flow Ratios
Operating Cash Flow Per Share
12.28 10.87 8.49 7.49 7.53
Free Cash Flow Per Share
11.88 9.55 7.68 6.56 6.53
CapEx Per Share
0.39 1.32 0.81 0.94 1.00
Free Cash Flow to Operating Cash Flow
0.97 0.88 0.90 0.88 0.87
Dividend Paid and CapEx Coverage Ratio
3.19 2.87 2.96 3.77 3.29
Capital Expenditure Coverage Ratio
31.11 8.26 10.48 8.02 7.56
Operating Cash Flow Coverage Ratio
3.10 1.72 1.01 1.21 1.28
Operating Cash Flow to Sales Ratio
0.38 0.34 0.29 0.28 0.34
Free Cash Flow Yield
1.83%1.45%1.53%1.01%1.05%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
14.17 14.61 80.38 127.56 171.24
Price-to-Sales (P/S) Ratio
4.00 4.15 16.94 24.54 28.04
Price-to-Book (P/B) Ratio
3.03 3.46 15.61 22.56 25.15
Price-to-Free Cash Flow (P/FCF) Ratio
10.96 13.84 65.22 98.56 95.64
Price-to-Operating Cash Flow Ratio
10.61 12.17 59.00 86.26 82.99
Price-to-Earnings Growth (PEG) Ratio
9.16 0.30 3.90 3.28 -13.46
Price-to-Fair Value
3.03 3.46 15.61 22.56 25.15
Enterprise Value Multiple
11.94 13.94 72.82 109.50 115.36
Enterprise Value
2.07T 2.15T 1.64T 2.16T 2.08T
EV to EBITDA
64.54 69.83 72.82 109.50 115.36
EV to Sales
19.62 20.76 16.97 24.61 28.18
EV to Free Cash Flow
53.79 69.17 65.33 98.84 96.12
EV to Operating Cash Flow
52.06 60.80 59.09 86.51 83.41
Tangible Book Value Per Share
42.80 37.00 31.43 28.44 23.75
Shareholders’ Equity Per Share
42.92 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
32.58 31.83 29.57 26.34 22.29
Net Income Per Share
9.19 9.05 6.23 5.07 3.65
Tax Burden
0.83 0.86 0.84 0.80 0.78
Interest Burden
1.21 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
1.34 1.20 1.44 1.47 2.02
Currency in CNY
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