Eason Technology Limited (DXF) Key Metrics
DXF key metrics, 2014–2025
Fiscal year ended December 31, 2025 · Chinese yuanDXF returns How much profit the business earns on the capital it uses.
DXF financial health Debt, liquidity and how easily interest is covered.
DXF efficiency & capital use Working capital cycle and where the cash goes.
DXF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DXF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DXF cash returned to shareholders
DXF key metrics in Chinese yuan
2014–2025| 2025 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −16.7% | — | −10.0% | −33.5% | 4.9% | 1.7% | 4.9% | 5.6% | 2.9% | −12.7% |
| Return on invested capital (ROIC) | −9.1% | −116.0% | −5.9% | −21.4% | 2.0% | 2.3% | 7.9% | 7.8% | 10.1% | 17.0% |
| Return on assets (ROA) | −9.3% | −71.7% | −4.0% | −15.7% | 2.4% | 0.9% | 2.8% | 3.9% | 2.3% | −10.5% |
| Return on tangible assets | −19.5% | −132.7% | −4.0% | −17.1% | 2.2% | 1.0% | 2.7% | 4.2% | 3.2% | −10.5% |
| Free cash flow margin | −38.4% | −98.2% | −16.6% | 48.7% | −2.2% | 18.1% | −73.1% | −251.3% | 78.4% | 14.0% |
| Income quality (OCF / net income) | — | — | — | — | −0.04 | 4.18 | −3.05 | −5.85 | 1.99 | — |
| Financial health | ||||||||||
| Total debt | CN¥6.1M | CN¥171.4M | CN¥168.7M | CN¥161.6M | CN¥171.6M | CN¥200.4M | CN¥226.4M | CN¥200.5M | — | — |
| Cash & short-term investments | CN¥3.3M | CN¥2.4M | CN¥128,000 | CN¥350,000 | CN¥31,000 | CN¥3.2M | CN¥21.7M | CN¥96.8M | CN¥203.4M | CN¥1.06B |
| Net debt | CN¥2.7M | CN¥169.1M | CN¥168.6M | CN¥161.2M | CN¥171.5M | CN¥197.2M | CN¥204.7M | CN¥103.7M | −CN¥203.4M | −CN¥1.06B |
| Debt / equity | 0.13 | — | 0.73 | 0.63 | 0.48 | 0.68 | 0.48 | 0.43 | — | — |
| Debt / assets | 0.07 | 0.60 | 0.28 | 0.27 | 0.24 | 0.31 | 0.26 | 0.25 | — | — |
| Net debt / EBITDA | — | — | — | — | 7.51 | 3.55 | 2.67 | 288.00 | — | −179.65 |
| Current ratio | 4.01 | 0.51 | 1.89 | 1.84 | 1.82 | 0.80 | 3.28 | 977.99 | 4.50 | 6.27 |
| Quick ratio | 4.01 | 0.51 | 1.89 | 1.84 | 1.82 | 0.80 | 3.28 | — | 4.43 | 5.87 |
| Interest coverage | -4.1 | -21.1 | -1.4 | -6.0 | 0.9 | 1.0 | 2.3 | 2.6 | 3.8 | — |
| Working capital | CN¥16.2M | −CN¥158.4M | CN¥209.2M | CN¥182.7M | CN¥170.3M | −CN¥41.9M | CN¥603.1M | CN¥506.1M | CN¥710.5M | CN¥1.29B |
| Invested capital | CN¥49.4M | CN¥139.9M | CN¥399.2M | CN¥415.9M | CN¥528.6M | CN¥490.9M | CN¥679.0M | CN¥567.4M | CN¥528.4M | CN¥276.0M |
| Tangible asset value | CN¥2.5M | −CN¥96.0M | CN¥288.2M | CN¥318.3M | CN¥446.3M | CN¥367.1M | CN¥590.3M | CN¥579.7M | CN¥714.3M | CN¥1.32B |
| Net current asset value | −CN¥16.0M | −CN¥168.4M | CN¥131.4M | CN¥118.7M | CN¥116.1M | −CN¥111.0M | CN¥589.3M | CN¥283.5M | CN¥710.5M | CN¥1.26B |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | CN¥15.0M | CN¥18.3M | CN¥12.2M |
| Share buybacks (net) | — | CN¥0 | — | — | — | — | — | — | — | — |
| Dividend payout ratio | — | — | — | — | — | — | — | 44.7% | 62.2% | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | — | 31.3% | 10.8% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 37.6% | 12.8% | 193.2% | 4.7% | 0.0% |
| Capex / operating cash flow | — | — | — | 0.0% | — | 67.4% | — | — | 6.0% | 0.1% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 22.48 | 33.85 | 287.02 | 5.83 | 0.02 |
| Stock-based compensation / revenue | 8.8% | 0.0% | 0.0% | 0.0% | 0.4% | 1.4% | — | — | — | 0.1% |
| R&D / revenue | — | — | — | — | — | — | — | — | 44.3% | 4.4% |
| SG&A / revenue | 118.0% | 899.8% | 24.6% | 38.9% | 29.1% | 45.3% | 25.6% | 19.1% | 33.7% | 3.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 708.1 | 9,778.7 | 3,430.1 | 6,744.5 | 3,460.6 | 746.2 | 91.2 | 1,559.9 | 2,400.6 | 152.1 |
| Days of inventory on hand | — | — | — | — | — | — | — | -41.2 | 27.6 | 43.2 |
| Days payables outstanding | 191.3 | 76.1 | 365.2 | 118.0 | 97.6 | 1,925.7 | 2,995.4 | 5.1 | 12.9 | 20.0 |
| Cash conversion cycle (days) | 516.8 | 9,702.6 | 3,064.9 | 6,626.5 | 3,363.0 | -1,179.5 | -2,904.2 | 1,513.6 | 2,415.4 | 175.3 |
| Receivables turnover | 0.52 | 0.04 | 0.11 | 0.05 | 0.11 | 0.49 | 4.00 | 0.23 | 0.15 | 2.40 |
| Payables turnover | 1.91 | 4.79 | 1.00 | 3.09 | 3.74 | 0.19 | 0.12 | 72.01 | 28.40 | 18.23 |
| Inventory turnover | — | — | — | — | — | — | — | — | 13.22 | 8.44 |
| Asset turnover | 0.10 | 0.03 | 0.07 | 0.03 | 0.04 | 0.06 | 0.14 | 0.09 | 0.06 | 0.50 |
| Average receivables | CN¥16.7M | CN¥300.5M | CN¥421.0M | CN¥388.3M | CN¥269.2M | CN¥100.1M | CN¥29.2M | CN¥334.0M | CN¥492.7M | CN¥336.1M |
| Average payables | CN¥2.4M | CN¥81.9M | CN¥63.7M | CN¥45.4M | CN¥20.6M | CN¥4.5M | CN¥3.5M | CN¥5.1M | CN¥26.1M | CN¥45.3M |
| Average inventory | — | — | — | — | — | — | — | −CN¥41.2M | CN¥56.1M | CN¥97.8M |
| Intangibles / total assets | 52.4% | 15.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.9% | 0.4% |
Computed from DXF's annual financial statements (latest annual report filed April 30, 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.
DXF valuation and financial ratios
Eason Technology earned a return on equity of −16.7% and a return on invested capital of −9.1% in fiscal 2025. It ended the year with CN¥6.1 million of debt and CN¥3.3 million in cash and short-term investments, net debt of CN¥2.7 million.
See the DXF income statement, the DXF chart for price history, or the DXF stock overview for the latest quote and news.
DXF key metrics FAQ
What is Eason Technology's return on equity?
Eason Technology's return on equity (ROE) was −16.7% in fiscal 2025: net income of -CN¥7.8 million on average shareholders' equity of CN¥8.7 million.
What is Eason Technology's ROIC?
Eason Technology's return on invested capital was −9.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Eason Technology have?
Eason Technology had total debt of CN¥6.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.13.
What is Eason Technology's current ratio?
Eason Technology's current ratio was 4.01 at the end of fiscal 2025: current assets were 4.01 times current liabilities.