Chagee Holdings Limited (CHA) Key Metrics
CHA key metrics, 2022–2025
Fiscal year ended December 31, 2025 · Chinese yuanCHA returns How much profit the business earns on the capital it uses.
CHA financial health Debt, liquidity and how easily interest is covered.
CHA efficiency & capital use Working capital cycle and where the cash goes.
CHA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CHA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CHA cash returned to shareholders
CHA key metrics in Chinese yuan
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Returns & profitability | ||||
| Return on equity (ROE) | 23.4% | 164.3% | — | — |
| Return on assets (ROA) | 13.0% | 52.8% | 48.0% | −23.0% |
| Return on tangible assets | 10.3% | 38.3% | 27.2% | −23.0% |
| Free cash flow margin | 9.2% | 20.9% | 41.0% | 6.6% |
| Income quality (OCF / net income) | 1.40 | 1.13 | 2.41 | — |
| Financial health | ||||
| Total debt | CN¥1.28B | CN¥548.1M | CN¥108.8M | CN¥63.5M |
| Cash & short-term investments | CN¥8.00B | CN¥4.85B | CN¥2.42B | CN¥200.7M |
| Net debt | −CN¥6.72B | −CN¥4.31B | −CN¥2.31B | −CN¥137.3M |
| Debt / equity | 0.17 | 0.21 | 0.27 | — |
| Debt / assets | 0.11 | 0.08 | 0.04 | 0.16 |
| Net debt / EBITDA | −3.81 | −1.39 | −2.28 | — |
| Current ratio | 3.11 | 2.37 | 1.82 | 0.93 |
| Quick ratio | 3.03 | 2.31 | 1.79 | 0.81 |
| Working capital | CN¥6.00B | CN¥3.14B | CN¥1.19B | −CN¥22.0M |
| Invested capital | CN¥624.0M | −CN¥1.65B | −CN¥1.91B | −CN¥444.7M |
| Tangible asset value | CN¥7.47B | CN¥2.73B | CN¥410.1M | −CN¥307.3M |
| Net current asset value | CN¥4.97B | CN¥1.60B | CN¥115.2M | −CN¥425.6M |
| Capital allocation | ||||
| Dividends paid | CN¥1.23B | CN¥0 | CN¥0 | — |
| Share buybacks (net) | CN¥0 | CN¥210.1M | CN¥0 | CN¥0 |
| Dividend payout ratio | 105.3% | 0.0% | 0.0% | — |
| Dividends + buybacks / free cash flow | 103.5% | 8.1% | 0.0% | 0.0% |
| Capex / revenue | 3.5% | 1.9% | 0.7% | 2.2% |
| Capex / operating cash flow | 27.5% | 8.5% | 1.6% | 24.9% |
| Capex / depreciation | 3.09 | 3.96 | 3.07 | 2.19 |
| Stock-based compensation / revenue | 5.6% | 0.0% | 0.2% | 0.8% |
| SG&A / revenue | 29.5% | 17.9% | 13.5% | 35.2% |
| Efficiency | ||||
| Days sales outstanding | 4.9 | 4.7 | 6.0 | 19.4 |
| Days of inventory on hand | 9.4 | 4.7 | 5.1 | 33.8 |
| Days payables outstanding | 32.0 | 28.4 | 35.1 | 65.5 |
| Cash conversion cycle (days) | -17.8 | -18.9 | -24.0 | -12.3 |
| Receivables turnover | 74.91 | 76.90 | 60.96 | 18.84 |
| Payables turnover | 11.39 | 12.86 | 10.41 | 5.58 |
| Inventory turnover | 38.81 | 77.48 | 71.47 | 10.81 |
| Asset turnover | 1.43 | 2.60 | 2.78 | 1.25 |
| Average receivables | CN¥172.3M | CN¥161.3M | CN¥76.1M | CN¥26.1M |
| Average payables | CN¥613.6M | CN¥522.7M | CN¥256.3M | CN¥64.3M |
| Average inventory | CN¥180.1M | CN¥86.8M | CN¥37.3M | CN¥33.2M |
| Intangibles / total assets | 1.0% | 0.3% | 0.0% | 0.0% |
Computed from CHA's annual financial statements (latest annual report filed April 29, 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.
CHA valuation and financial ratios
Chagee Holdings Limited earned a return on equity of 23.4% in fiscal 2025. It ended the year with CN¥1.3 billion of debt and CN¥8.0 billion in cash and short-term investments, a net cash position of CN¥6.7 billion. It returned CN¥1.2 billion to shareholders: CN¥1.2 billion in dividends and CN¥0 in share buybacks, 103% of free cash flow.
See the CHA income statement, the CHA chart for price history, or the CHA stock overview for the latest quote and news.
CHA key metrics FAQ
What is Chagee Holdings Limited's return on equity?
Chagee Holdings Limited's return on equity (ROE) was 23.4% in fiscal 2025: net income of CN¥1.2 billion on average shareholders' equity of CN¥5.0 billion.
How much debt does Chagee Holdings Limited have?
Chagee Holdings Limited had total debt of CN¥1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
What is Chagee Holdings Limited's current ratio?
Chagee Holdings Limited's current ratio was 3.11 at the end of fiscal 2025: current assets were 3.11 times current liabilities.