ATA Creativity Global (AACG) Key Metrics
AACG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Chinese yuanAACG returns How much profit the business earns on the capital it uses.
AACG financial health Debt, liquidity and how easily interest is covered.
AACG efficiency & capital use Working capital cycle and where the cash goes.
AACG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AACG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AACG cash returned to shareholders
AACG key metrics in Chinese yuan
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −86.0% | −37.5% | −26.3% | −28.9% | −17.4% | −76.4% | −76.7% | 63.8% | −8.2% | −2.5% |
| Return on invested capital (ROIC) | — | −44.2% | −32.8% | −31.7% | −36.1% | −106.2% | −166.7% | −5.0% | 5.9% | −25.3% |
| Return on assets (ROA) | −11.1% | −8.0% | −7.3% | −9.8% | −6.2% | −27.4% | −56.6% | 187.8% | −20.8% | −2.0% |
| Return on tangible assets | −22.5% | −16.8% | −17.4% | −23.7% | −15.4% | −34.1% | −250.5% | 268.8% | −35.3% | −2.0% |
| Free cash flow margin | −6.4% | −8.7% | 2.9% | −53.8% | −17.9% | −20.2% | −60.5% | — | — | 584.4% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | −0.37 | — | — |
| Financial health | ||||||||||
| Total debt | CN¥46.0M | CN¥35.2M | CN¥22.6M | CN¥36.4M | CN¥40.7M | CN¥47.8M | CN¥5.5M | CN¥0 | CN¥22.7M | CN¥3.4M |
| Cash & short-term investments | CN¥85.3M | CN¥36.5M | CN¥60.2M | CN¥55.0M | CN¥71.3M | CN¥112.7M | CN¥22.1M | CN¥190.6M | CN¥352.3M | CN¥222.4M |
| Net debt | −CN¥39.3M | −CN¥1.3M | −CN¥37.6M | −CN¥18.5M | −CN¥30.6M | −CN¥64.9M | −CN¥16.7M | −CN¥190.6M | −CN¥329.6M | −CN¥219.0M |
| Debt / equity | 1.43 | 0.44 | 0.20 | 0.25 | 0.22 | 0.24 | 0.13 | 0.00 | 0.01 | 0.01 |
| Debt / assets | 0.11 | 0.08 | 0.05 | 0.08 | 0.08 | 0.08 | 0.06 | 0.00 | 0.04 | 0.01 |
| Current ratio | 0.32 | 0.19 | 0.22 | 0.22 | 0.28 | 0.44 | 0.69 | 10.81 | 2.59 | 2.87 |
| Quick ratio | 0.32 | 0.19 | 0.21 | 0.22 | 0.28 | 0.44 | 0.48 | 10.83 | 2.59 | 2.87 |
| Interest coverage | — | — | -0.0 | -20.4 | -0.1 | -0.0 | -0.0 | -28.1 | 0.0 | -748.2 |
| Working capital | −CN¥233.4M | −CN¥287.9M | −CN¥244.0M | −CN¥227.3M | −CN¥192.6M | −CN¥153.9M | −CN¥11.7M | CN¥193.6M | CN¥1.48B | CN¥192.9M |
| Invested capital | −CN¥7.2M | CN¥78.4M | CN¥75.5M | CN¥124.6M | CN¥157.1M | CN¥133.5M | CN¥26.4M | CN¥85.2M | CN¥2.07B | CN¥172.4M |
| Tangible asset value | −CN¥163.0M | −CN¥162.9M | −CN¥142.2M | −CN¥128.9M | −CN¥97.2M | −CN¥57.6M | CN¥2.1M | CN¥298.3M | CN¥155.9M | CN¥348.6M |
| Net current asset value | −CN¥265.1M | −CN¥310.6M | −CN¥265.5M | −CN¥265.7M | −CN¥240.9M | −CN¥206.9M | −CN¥20.4M | CN¥193.6M | CN¥2.25B | CN¥168.6M |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | CN¥19.6M | CN¥0 | CN¥946.6M | CN¥577.1M | CN¥10.10B |
| Share buybacks (net) | — | CN¥93,699 | CN¥68,326 | CN¥210,568 | CN¥114,729 | CN¥4.0M | CN¥126,723 | CN¥1.7M | CN¥1.7M | CN¥0 |
| Dividend payout ratio | — | — | — | — | — | — | — | 110.7% | — | — |
| Dividends + buybacks / free cash flow | — | — | 1.0% | — | — | — | — | — | 72.7% | — |
| Capex / revenue | 0.5% | 7.5% | 1.0% | 5.4% | 2.2% | 3.0% | 1.3% | 698.9% | 581.1% | 112.5% |
| Capex / operating cash flow | — | — | 25.6% | — | — | — | — | — | 46.7% | 16.1% |
| Capex / depreciation | 0.06 | 0.83 | 0.10 | 0.49 | 0.19 | 0.16 | 0.07 | 0.70 | 3.55 | 0.96 |
| Stock-based compensation / revenue | 0.2% | 1.0% | 1.4% | 4.8% | 0.5% | 1.1% | 4.9% | 1,538.3% | 253.7% | 78.8% |
| R&D / revenue | 1.1% | 1.4% | 2.1% | 3.3% | 5.8% | 5.4% | 12.1% | 1,463.8% | 634.5% | 491.8% |
| SG&A / revenue | 52.3% | 67.4% | 68.4% | 73.6% | 78.8% | 94.7% | 118.7% | 3,250.3% | 563.0% | 1,320.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 12.4 | 15.2 | 8.5 | 6.1 | 3.0 | 5.9 | 6.5 | 107.5 | 1,619.8 | 2,618.5 |
| Days of inventory on hand | — | — | 14.3 | — | 0.3 | 14.4 | 18.0 | -17.7 | 0.0 | — |
| Days payables outstanding | — | — | 71.7 | — | 99.7 | 135.4 | 112.8 | -596,973.6 | -509,128.9 | 1.0 |
| Cash conversion cycle (days) | — | — | -48.8 | — | -96.4 | -115.0 | -88.2 | 597,063.3 | 510,748.7 | 2,617.6 |
| Receivables turnover | 29.49 | 23.95 | 42.82 | 59.60 | 121.31 | 61.44 | 56.29 | 3.40 | 0.23 | 0.14 |
| Payables turnover | — | — | 5.09 | — | 3.66 | 2.70 | 3.24 | — | — | 378.69 |
| Inventory turnover | — | — | 25.49 | — | 1,182.27 | 25.28 | 20.22 | — | 9,969,460.00 | — |
| Asset turnover | 0.62 | 0.59 | 0.48 | 0.42 | 0.37 | 0.48 | 0.45 | 0.00 | 0.01 | 0.02 |
| Average receivables | CN¥9.1M | CN¥11.2M | CN¥5.2M | CN¥3.5M | CN¥1.7M | CN¥2.6M | CN¥1.7M | CN¥394,174 | CN¥33.3M | CN¥63.4M |
| Average payables | — | — | CN¥21.0M | — | CN¥26.6M | CN¥38.7M | CN¥24.5M | −CN¥6.95B | −CN¥6.95B | CN¥633,378 |
| Average inventory | — | — | CN¥4.2M | — | CN¥82,396 | CN¥4.1M | CN¥3.9M | −CN¥206,696 | CN¥0 | CN¥0 |
| Intangibles / total assets | 47.7% | 53.1% | 56.8% | 57.4% | 56.8% | 53.0% | 49.7% | 5.1% | 43.8% | 8.4% |
Computed from AACG's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
AACG valuation and financial ratios
ATA Creativity Global earned a return on equity of −86.0% in fiscal 2025. It ended the year with CN¥46.0 million of debt and CN¥85.3 million in cash and short-term investments, a net cash position of CN¥39.3 million.
See the AACG income statement, the AACG chart for price history, or the AACG stock overview for the latest quote and news.
AACG key metrics FAQ
What is ATA Creativity Global's return on equity?
ATA Creativity Global's return on equity (ROE) was −86.0% in fiscal 2025: net income of -CN¥48.0 million on average shareholders' equity of CN¥55.9 million.
How much debt does ATA Creativity Global have?
ATA Creativity Global had total debt of CN¥46.0 million at the end of fiscal 2025, a debt-to-equity ratio of 1.43 and more cash than debt.
What is ATA Creativity Global's current ratio?
ATA Creativity Global's current ratio was 0.32 at the end of fiscal 2025: current assets were 0.32 times current liabilities.