Atour Lifestyle Holdings Limited (ATAT) Key Metrics
ATAT key metrics, 2019–2025
Fiscal year ended December 31, 2025 · Chinese yuanATAT returns How much profit the business earns on the capital it uses.
ATAT financial health Debt, liquidity and how easily interest is covered.
ATAT efficiency & capital use Working capital cycle and where the cash goes.
ATAT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ATAT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ATAT cash returned to shareholders
ATAT key metrics in Chinese yuan
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||
| Return on equity (ROE) | 49.5% | 50.8% | 45.1% | 11.0% | 25.1% | 30.0% | — |
| Return on invested capital (ROIC) | — | — | 63.9% | 12.5% | — | — | — |
| Return on assets (ROA) | 19.0% | 17.6% | 13.0% | 2.8% | 6.9% | 2.3% | 3.9% |
| Return on tangible assets | 17.7% | 16.2% | 11.2% | 2.1% | 6.5% | 2.1% | 4.0% |
| Free cash flow margin | 18.9% | 23.0% | 41.7% | 10.8% | 16.4% | 0.3% | 5.5% |
| Income quality (OCF / net income) | 1.20 | 1.35 | 2.70 | 2.89 | 2.88 | 2.82 | 3.45 |
| Financial health | |||||||
| Total debt | CN¥1.53B | CN¥1.73B | CN¥1.95B | CN¥2.30B | CN¥109.4M | CN¥121.4M | CN¥72.6M |
| Cash & short-term investments | CN¥5.87B | CN¥4.88B | CN¥3.59B | CN¥1.75B | CN¥1.04B | CN¥830.2M | CN¥775.6M |
| Net debt | −CN¥4.34B | −CN¥3.15B | −CN¥1.64B | CN¥552.0M | −CN¥929.1M | −CN¥708.8M | −CN¥703.0M |
| Debt / equity | 0.42 | 0.59 | 0.94 | 1.92 | 0.19 | 0.21 | — |
| Debt / assets | 0.17 | 0.22 | 0.30 | 0.48 | 0.05 | 0.06 | 0.04 |
| Net debt / EBITDA | −1.79 | −1.76 | −1.53 | 2.00 | −3.04 | −4.38 | −3.85 |
| Current ratio | 1.97 | 2.02 | 1.78 | 1.58 | 1.35 | 1.30 | 1.42 |
| Quick ratio | 1.90 | 1.96 | 1.73 | 1.53 | 1.29 | 1.24 | 1.40 |
| Interest coverage | 542.9 | 521.6 | 184.6 | 25.4 | 24.7 | 42.7 | 21.3 |
| Working capital | CN¥3.63B | CN¥2.89B | CN¥1.86B | CN¥777.0M | CN¥364.8M | CN¥271.4M | CN¥286.3M |
| Invested capital | −CN¥748.8M | −CN¥195.5M | CN¥426.4M | CN¥1.75B | −CN¥349.7M | −CN¥133.6M | −CN¥998.3M |
| Tangible asset value | CN¥3.56B | CN¥2.92B | CN¥2.04B | CN¥1.16B | CN¥543.3M | CN¥545.0M | −CN¥320.3M |
| Net current asset value | CN¥1.77B | CN¥782.8M | −CN¥285.4M | −CN¥1.45B | −CN¥264.3M | −CN¥250.0M | −CN¥985.3M |
| Capital allocation | |||||||
| Dividends paid | CN¥751.0M | CN¥436.0M | CN¥150.6M | CN¥0 | CN¥20.6M | CN¥20.6M | CN¥20.6M |
| Share buybacks (net) | CN¥320.9M | CN¥0 | CN¥0 | CN¥0 | CN¥111.3M | CN¥0 | CN¥0 |
| Dividend payout ratio | 46.3% | 34.2% | 20.4% | 0.0% | 14.2% | 49.1% | 31.8% |
| Dividends + buybacks / free cash flow | 57.8% | 26.1% | 7.7% | 0.0% | 37.5% | 439.5% | 23.9% |
| Capex / revenue | 0.9% | 0.8% | 0.9% | 1.7% | 3.1% | 7.3% | 8.8% |
| Capex / operating cash flow | 4.3% | 3.3% | 2.1% | 13.8% | 15.8% | 96.0% | 61.5% |
| Capex / depreciation | 1.54 | 0.86 | 0.49 | 0.44 | 0.70 | 1.34 | 1.97 |
| Stock-based compensation / revenue | 1.3% | 0.5% | 3.5% | 7.2% | 0.0% | 0.0% | — |
| R&D / revenue | 1.8% | 1.8% | 1.7% | 2.9% | 2.4% | 2.1% | 1.9% |
| SG&A / revenue | 5.3% | 18.3% | 19.7% | 21.7% | 15.0% | 12.9% | 13.7% |
| Efficiency | |||||||
| Days sales outstanding | 20.8 | 26.9 | 26.3 | 38.0 | 36.4 | 32.4 | 31.3 |
| Days of inventory on hand | 14.9 | 12.5 | 11.7 | 13.7 | 13.4 | 10.9 | 4.9 |
| Days payables outstanding | 50.7 | 56.1 | 51.6 | 40.9 | 29.7 | 27.0 | 26.9 |
| Cash conversion cycle (days) | -14.9 | -16.7 | -13.7 | 10.8 | 20.1 | 16.3 | 9.3 |
| Receivables turnover | 17.52 | 13.56 | 13.89 | 9.61 | 10.02 | 11.27 | 11.65 |
| Payables turnover | 7.20 | 6.51 | 7.07 | 8.93 | 12.29 | 13.50 | 13.56 |
| Inventory turnover | 24.45 | 29.26 | 31.20 | 26.63 | 27.33 | 33.43 | 75.08 |
| Asset turnover | 1.15 | 1.00 | 0.82 | 0.65 | 1.02 | 0.86 | 0.95 |
| Average receivables | CN¥558.9M | CN¥534.6M | CN¥335.9M | CN¥235.6M | CN¥214.2M | CN¥139.0M | CN¥134.5M |
| Average payables | CN¥758.2M | CN¥644.2M | CN¥389.7M | CN¥173.1M | CN¥125.4M | CN¥85.2M | CN¥80.9M |
| Average inventory | CN¥223.2M | CN¥143.3M | CN¥88.3M | CN¥58.0M | CN¥56.4M | CN¥34.4M | CN¥14.6M |
| Intangibles / total assets | 0.2% | 0.3% | 0.3% | 0.5% | 0.9% | 1.0% | 1.2% |
Computed from ATAT's annual financial statements (latest annual report filed April 17, 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.
ATAT valuation and financial ratios
Atour Lifestyle earned a return on equity of 49.5% in fiscal 2025. It ended the year with CN¥1.5 billion of debt and CN¥5.9 billion in cash and short-term investments, a net cash position of CN¥4.3 billion. It returned CN¥1.1 billion to shareholders: CN¥751.0 million in dividends and CN¥320.9 million in share buybacks, 58% of free cash flow.
See the ATAT income statement, the ATAT chart for price history, or the ATAT stock overview for the latest quote and news.
ATAT key metrics FAQ
What is Atour Lifestyle's return on equity?
Atour Lifestyle's return on equity (ROE) was 49.5% in fiscal 2025: net income of CN¥1.6 billion on average shareholders' equity of CN¥3.3 billion.
How much debt does Atour Lifestyle have?
Atour Lifestyle had total debt of CN¥1.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.42 and more cash than debt.
Does Atour Lifestyle buy back its shares?
Yes. Atour Lifestyle spent CN¥320.9 million on net share repurchases in fiscal 2025.
What is Atour Lifestyle's current ratio?
Atour Lifestyle's current ratio was 1.97 at the end of fiscal 2025: current assets were 1.97 times current liabilities.