Four Seasons Education (Cayman) Inc. (FEDU) Key Metrics
FEDU key metrics, FY2017–FY2026
Fiscal year ended February 28, 2026 · Chinese yuanFEDU returns How much profit the business earns on the capital it uses.
FEDU financial health Debt, liquidity and how easily interest is covered.
FEDU efficiency & capital use Working capital cycle and where the cash goes.
FEDU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FEDU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FEDU cash returned to shareholders
FEDU key metrics in Chinese yuan
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.6% | 0.2% | 1.1% | −6.6% | −21.9% | −3.9% | −15.9% | −0.1% | 8.9% | 16.0% |
| Return on invested capital (ROIC) | 2.1% | −3.1% | −6.9% | — | — | −8.4% | 4.9% | 1.1% | 795.1% | — |
| Return on assets (ROA) | 4.2% | 0.1% | 0.8% | −4.9% | −14.4% | −2.4% | −11.1% | −0.1% | 6.7% | 7.0% |
| Return on tangible assets | 4.2% | 0.1% | 0.7% | −5.0% | −18.9% | −2.6% | −11.0% | −0.1% | 4.6% | 4.6% |
| Free cash flow margin | 9.1% | −14.8% | −31.9% | −99.8% | −40.4% | 7.4% | 18.8% | 10.5% | 24.2% | 55.5% |
| Income quality (OCF / net income) | 0.98 | 24.98 | 3.34 | — | — | — | — | — | 2.62 | 8.78 |
| Financial health | ||||||||||
| Total debt | CN¥106.8M | CN¥98.3M | CN¥42.9M | CN¥4.0M | CN¥9.7M | CN¥144.8M | CN¥199.4M | CN¥10.7M | CN¥390,000 | CN¥420,000 |
| Cash & short-term investments | CN¥231.4M | CN¥266.2M | CN¥296.0M | CN¥491.9M | CN¥508.4M | CN¥506.6M | CN¥596.5M | CN¥503.9M | CN¥583.3M | CN¥231.0M |
| Net debt | −CN¥124.6M | −CN¥167.9M | −CN¥253.2M | −CN¥487.9M | −CN¥498.8M | −CN¥361.7M | −CN¥397.1M | −CN¥493.2M | −CN¥582.9M | −CN¥230.5M |
| Debt / equity | 0.23 | 0.22 | 0.09 | 0.01 | 0.02 | 0.25 | 0.32 | 0.01 | 0.00 | 0.00 |
| Debt / assets | 0.14 | 0.13 | 0.06 | 0.01 | 0.02 | 0.15 | 0.19 | 0.01 | 0.00 | 0.00 |
| Net debt / EBITDA | −5.03 | — | — | — | −86.90 | — | −11.38 | −22.74 | −8.56 | −3.55 |
| Current ratio | 1.85 | 2.19 | 3.02 | 5.85 | 5.62 | 2.28 | 2.89 | 3.21 | 4.43 | 2.27 |
| Quick ratio | 1.85 | 2.19 | 3.24 | 5.85 | 8.42 | 2.89 | 3.83 | 3.55 | 4.47 | 2.22 |
| Interest coverage | — | — | — | -6.4 | -20.5 | -1.5 | 0.1 | — | — | — |
| Working capital | CN¥115.9M | CN¥161.4M | CN¥215.8M | CN¥423.8M | CN¥432.4M | CN¥290.5M | CN¥403.2M | CN¥363.2M | CN¥460.7M | CN¥157.9M |
| Invested capital | CN¥349.0M | CN¥286.7M | CN¥221.8M | −CN¥30.1M | −CN¥52.8M | CN¥226.9M | CN¥233.6M | CN¥257.3M | CN¥68.6M | −CN¥59.1M |
| Tangible asset value | CN¥511.4M | CN¥502.6M | CN¥523.2M | CN¥509.4M | CN¥499.2M | CN¥605.6M | CN¥631.0M | CN¥563.3M | CN¥657.4M | CN¥170.9M |
| Net current asset value | CN¥27.6M | CN¥71.0M | CN¥174.6M | CN¥422.0M | CN¥425.9M | CN¥196.7M | CN¥253.6M | CN¥352.3M | CN¥460.7M | CN¥157.9M |
| Capital allocation | ||||||||||
| Dividends paid | CN¥0 | CN¥34.9M | CN¥0 | CN¥0 | — | CN¥0 | CN¥0 | CN¥3.7M | CN¥122.1M | CN¥122.1M |
| Share buybacks (net) | CN¥0 | CN¥0 | CN¥159,000 | CN¥238,000 | CN¥27.8M | CN¥0 | CN¥27.9M | CN¥781,000 | CN¥0 | CN¥0 |
| Dividend payout ratio | 0.0% | — | 0.0% | — | — | — | — | — | 333.5% | 897.2% |
| Dividends + buybacks / free cash flow | 0.0% | — | — | — | — | 0.0% | 38.2% | 12.6% | 167.6% | 108.2% |
| Capex / revenue | 2.7% | 22.8% | 45.1% | 25.3% | 3.9% | 3.7% | 2.4% | 5.3% | 7.7% | 3.3% |
| Capex / operating cash flow | 23.0% | 286.2% | 342.0% | — | — | 33.5% | 11.2% | 33.6% | 24.1% | 5.6% |
| Capex / depreciation | 0.39 | 4.77 | 13.01 | 2.41 | 0.97 | 0.66 | 0.47 | 0.99 | 3.54 | 3.80 |
| Stock-based compensation / revenue | 0.6% | 2.0% | 2.5% | 9.3% | 3.6% | 9.8% | 7.9% | 9.6% | 7.8% | 1.7% |
| SG&A / revenue | 23.2% | 25.0% | 40.7% | 146.0% | 42.9% | 41.7% | 44.5% | 47.7% | 43.1% | 26.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.7 | 41.3 | 66.7 | 196.7 | 20.8 | 20.0 | 20.2 | 19.0 | 34.7 | 41.0 |
| Days of inventory on hand | — | — | -53.2 | -2,395.7 | -487.5 | -365.8 | -232.2 | -65.2 | -0.7 | 17.4 |
| Days payables outstanding | 6.5 | 70.6 | 331.2 | 1,281.8 | — | 139.3 | 50.7 | 0.0 | 0.0 | 0.0 |
| Cash conversion cycle (days) | 30.2 | -29.3 | -317.7 | -3,480.9 | — | -485.2 | -262.7 | -46.1 | 33.9 | 58.3 |
| Receivables turnover | 9.93 | 8.84 | 5.47 | 1.86 | 17.57 | 18.28 | 18.06 | 19.16 | 10.53 | 8.91 |
| Payables turnover | 55.86 | 5.17 | 1.10 | 0.28 | — | 2.62 | 7.20 | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | 21.02 |
| Asset turnover | 0.35 | 0.36 | 0.20 | 0.06 | 0.32 | 0.28 | 0.40 | 0.39 | 0.55 | 1.05 |
| Average receivables | CN¥25.6M | CN¥28.4M | CN¥22.9M | CN¥18.4M | CN¥14.2M | CN¥15.3M | CN¥21.5M | CN¥17.5M | CN¥28.5M | CN¥22.8M |
| Average payables | CN¥3.4M | CN¥39.4M | CN¥72.6M | CN¥70.0M | — | CN¥64.4M | CN¥27.9M | CN¥0 | CN¥0 | CN¥0 |
| Average inventory | — | — | −CN¥11.6M | −CN¥130.8M | −CN¥199.8M | −CN¥169.2M | −CN¥127.8M | −CN¥30.7M | −CN¥223,500 | CN¥4.1M |
| Intangibles / total assets | 0.5% | 0.4% | 0.4% | 0.4% | 0.5% | 4.5% | 4.2% | 20.8% | 0.1% | 0.2% |
Computed from FEDU's annual financial statements (latest annual report filed June 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.
FEDU valuation and financial ratios
Four Seasons Education earned a return on equity of 6.6% and a return on invested capital of 2.1% in fiscal 2026. It ended the year with CN¥106.8 million of debt and CN¥231.4 million in cash and short-term investments, a net cash position of CN¥124.6 million.
See the FEDU income statement, the FEDU chart for price history, or the FEDU stock overview for the latest quote and news.
FEDU key metrics FAQ
What is Four Seasons Education's return on equity?
Four Seasons Education's return on equity (ROE) was 6.6% in fiscal 2026: net income of CN¥30.8 million on average shareholders' equity of CN¥464.1 million.
What is Four Seasons Education's ROIC?
Four Seasons Education's return on invested capital was 2.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Four Seasons Education have?
Four Seasons Education had total debt of CN¥106.8 million at the end of fiscal 2026, a debt-to-equity ratio of 0.23 and more cash than debt.
Does Four Seasons Education pay a dividend?
Four Seasons Education did not pay a dividend in fiscal 2026.
What is Four Seasons Education's current ratio?
Four Seasons Education's current ratio was 1.85 at the end of fiscal 2026: current assets were 1.85 times current liabilities.