Gaotu Techedu Inc. (GOTU) Key Metrics
GOTU key metrics, 2017–2025
Fiscal year ended December 31, 2025 · Chinese yuanGOTU returns How much profit the business earns on the capital it uses.
GOTU financial health Debt, liquidity and how easily interest is covered.
GOTU efficiency & capital use Working capital cycle and where the cash goes.
GOTU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GOTU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GOTU cash returned to shareholders
GOTU key metrics in Chinese yuan
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | |||||||||
| Return on equity (ROE) | −20.3% | −41.6% | −0.2% | 0.4% | −72.1% | −38.2% | 42.6% | — | — |
| Return on assets (ROA) | −5.4% | −18.7% | −0.1% | 0.3% | −39.5% | −19.8% | 12.1% | 8.9% | −84.2% |
| Return on tangible assets | −5.3% | −18.1% | −0.1% | 0.3% | −62.1% | −13.1% | 6.7% | 5.8% | −105.0% |
| Free cash flow margin | 4.0% | 1.8% | 10.6% | 9.8% | −67.9% | 4.5% | 57.9% | 57.8% | −51.3% |
| Income quality (OCF / net income) | — | — | — | 28.37 | — | — | 5.67 | 12.31 | — |
| Financial health | |||||||||
| Total debt | CN¥585.7M | CN¥492.2M | CN¥188.1M | CN¥82.5M | CN¥356.0M | CN¥796.8M | CN¥254.2M | — | — |
| Cash & short-term investments | CN¥3.42B | CN¥3.17B | CN¥2.89B | CN¥3.74B | CN¥3.50B | CN¥7.69B | CN¥1.55B | CN¥231.2M | CN¥27.3M |
| Net debt | −CN¥2.84B | −CN¥2.67B | −CN¥2.70B | −CN¥3.66B | −CN¥3.15B | −CN¥6.89B | −CN¥1.29B | −CN¥231.2M | −CN¥27.3M |
| Debt / equity | 0.47 | 0.25 | 0.06 | 0.03 | 0.12 | 0.14 | 0.16 | — | — |
| Debt / assets | 0.09 | 0.08 | 0.03 | 0.02 | 0.07 | 0.07 | 0.07 | — | — |
| Net debt / EBITDA | — | — | −46.91 | −53.67 | — | — | −5.68 | −9.90 | — |
| Current ratio | 0.94 | 1.12 | 1.82 | 2.59 | 2.24 | 2.01 | 1.10 | 0.79 | 0.34 |
| Quick ratio | 0.92 | 1.11 | 1.81 | 2.57 | 2.23 | 2.00 | 1.10 | 0.72 | 0.34 |
| Interest coverage | — | — | — | -5.5 | -10.6 | -3.9 | 4.2 | — | — |
| Working capital | −CN¥265.1M | CN¥379.2M | CN¥1.61B | CN¥2.56B | CN¥2.18B | CN¥4.26B | CN¥171.7M | −CN¥75.1M | −CN¥102.7M |
| Invested capital | −CN¥1.58B | −CN¥740.7M | CN¥404.4M | −CN¥565.4M | −CN¥265.9M | −CN¥1.16B | CN¥264.1M | −CN¥723.8M | −CN¥506.7M |
| Tangible asset value | CN¥1.12B | CN¥1.89B | CN¥3.06B | CN¥3.05B | CN¥2.85B | CN¥5.64B | CN¥1.56B | −CN¥493.1M | −CN¥499.8M |
| Net current asset value | −CN¥966.0M | −CN¥254.8M | CN¥1.28B | CN¥2.39B | CN¥1.79B | CN¥3.50B | −CN¥28.3M | −CN¥549.9M | −CN¥530.3M |
| Capital allocation | |||||||||
| Share buybacks (net) | CN¥343.4M | CN¥205.3M | CN¥90.5M | CN¥0 | CN¥0 | CN¥282.5M | CN¥86.7M | — | CN¥0 |
| Dividends + buybacks / free cash flow | 139.2% | 257.3% | 28.9% | 0.0% | — | 88.5% | 7.1% | — | — |
| Capex / revenue | 2.8% | 3.9% | 1.4% | 5.2% | 4.2% | 4.0% | 2.9% | 3.1% | 0.4% |
| Capex / operating cash flow | 40.7% | 69.1% | 11.5% | 34.7% | — | 47.1% | 4.8% | 5.0% | — |
| Capex / depreciation | 1.50 | 2.74 | 0.75 | 1.84 | 2.42 | 4.97 | 5.08 | 2.88 | 0.08 |
| Stock-based compensation / revenue | 0.6% | 1.2% | 2.0% | 33.6% | 4.9% | 3.3% | 2.8% | 1.5% | 5.9% |
| R&D / revenue | 10.2% | 14.2% | 15.6% | 17.8% | 19.1% | 10.3% | 10.0% | 18.6% | 53.8% |
| SG&A / revenue | 65.4% | 79.8% | 62.7% | 58.8% | 89.1% | 89.6% | 54.4% | 40.6% | 115.3% |
| Efficiency | |||||||||
| Days sales outstanding | 11.2 | 8.8 | 5.9 | 5.4 | 1.7 | 1.0 | 4.5 | 20.9 | 76.3 |
| Days of inventory on hand | 8.3 | 7.7 | 10.9 | 10.0 | 4.8 | 5.9 | 10.9 | 59.4 | — |
| Days payables outstanding | — | — | 340.4 | — | 137.3 | 142.8 | 125.2 | — | — |
| Cash conversion cycle (days) | — | — | -323.5 | — | -130.7 | -135.9 | -109.9 | — | — |
| Receivables turnover | 32.62 | 41.37 | 61.53 | 67.06 | 213.18 | 373.36 | 81.92 | 17.48 | 4.78 |
| Payables turnover | — | — | 1.07 | — | 2.66 | 2.56 | 2.91 | — | — |
| Inventory turnover | 43.81 | 47.70 | 33.36 | 36.53 | 75.31 | 61.96 | 33.46 | 6.15 | — |
| Asset turnover | 1.02 | 0.81 | 0.58 | 0.50 | 0.84 | 1.01 | 1.13 | 1.80 | 0.95 |
| Average receivables | CN¥188.4M | CN¥110.1M | CN¥48.1M | CN¥37.3M | CN¥30.8M | CN¥19.1M | CN¥25.8M | CN¥22.7M | CN¥20.4M |
| Average payables | — | — | CN¥736.9M | — | CN¥901.7M | CN¥689.4M | CN¥183.9M | — | — |
| Average inventory | CN¥45.7M | CN¥30.5M | CN¥23.7M | CN¥19.2M | CN¥31.8M | CN¥28.4M | CN¥16.0M | CN¥23.2M | — |
| Intangibles / total assets | 2.1% | 0.8% | 0.8% | 1.0% | 0.6% | 0.8% | 0.0% | 0.2% | 19.8% |
Computed from GOTU's annual financial statements (latest annual report filed April 22, 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.
GOTU valuation and financial ratios
Gaotu Techedu earned a return on equity of −20.3% in fiscal 2025. It ended the year with CN¥585.7 million of debt and CN¥3.4 billion in cash and short-term investments, a net cash position of CN¥2.8 billion. It returned CN¥343.4 million to shareholders: CN¥0 in dividends and CN¥343.4 million in share buybacks, 139% of free cash flow.
See the GOTU income statement, the GOTU chart for price history, or the GOTU stock overview for the latest quote and news.
GOTU key metrics FAQ
What is Gaotu Techedu's return on equity?
Gaotu Techedu's return on equity (ROE) was −20.3% in fiscal 2025: net income of -CN¥323.3 million on average shareholders' equity of CN¥1.6 billion.
How much debt does Gaotu Techedu have?
Gaotu Techedu had total debt of CN¥585.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.47 and more cash than debt.
Does Gaotu Techedu buy back its shares?
Yes. Gaotu Techedu spent CN¥343.4 million on net share repurchases in fiscal 2025.
What is Gaotu Techedu's current ratio?
Gaotu Techedu's current ratio was 0.94 at the end of fiscal 2025: current assets were 0.94 times current liabilities.