Origin Agritech Limited (SEED) Key Metrics

NASDAQ: SEEDValuation, returns, debt and efficiency ratios over 10 years.

SEED key metrics, FY2016–FY2025

Fiscal year ended September 30, 2025 · Chinese yuan

SEED returns How much profit the business earns on the capital it uses.

Return on assets−57.1 pts

−45.9%

FY2025 · hover or tap a bar for each year

FY2016FY2025

Free cash flow margin−21.7 pts

−39.3%

FY2025 · hover or tap a bar for each year

FY2016FY2025

Asset turnover+28.3%

0.79

FY2025 · hover or tap a bar for each year

FY2016FY2025

SEED returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

SEED debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

SEED cash returned to shareholders

DividendsBuybacksFree cash flow

SEED key metrics in Chinese yuan

FY2016–FY2025

Origin Agritech Limited key metrics by fiscal year
	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Returns & profitability
Return on equity (ROE)	—	—	—	—	—	—	—	—	−51.7%	−31.1%
Return on invested capital (ROIC)	—	—	—	—	—	−106.8%	−84.3%	−20.2%	−18.4%	−11.8%
Return on assets (ROA)	−45.9%	11.2%	29.6%	−4.9%	−49.0%	−39.9%	−19.0%	−40.7%	−12.6%	−7.0%
Return on tangible assets	−54.1%	16.1%	23.5%	−4.8%	−80.7%	−42.8%	−27.0%	−37.9%	−25.7%	−8.1%
Free cash flow margin	−39.3%	−17.6%	−18.9%	5.1%	−57.7%	−10.7%	−65.0%	−100.8%	—	9.2%
Income quality (OCF / net income)	—	−0.73	−0.10	—	—	—	—	—	—	—
Financial health
Total debt	CN¥26.1M	CN¥5.1M	CN¥241,000	CN¥139.3M	CN¥140.8M	CN¥140.9M	CN¥78.6M	CN¥78.2M	CN¥115.6M	CN¥237.1M
Cash & short-term investments	CN¥15.9M	CN¥8.4M	CN¥23.7M	CN¥17.7M	CN¥15.4M	CN¥22.5M	CN¥3.2M	CN¥2.0M	CN¥3.2M	CN¥54.5M
Net debt	CN¥10.3M	−CN¥3.3M	−CN¥23.5M	CN¥121.6M	CN¥125.4M	CN¥118.4M	CN¥75.4M	CN¥76.2M	CN¥112.4M	CN¥182.5M
Debt / equity	—	—	—	—	—	—	—	—	1.03	1.31
Debt / assets	0.26	0.04	0.00	1.02	1.18	0.55	0.30	0.18	0.36	0.27
Net debt / EBITDA	—	−0.14	−0.35	—	—	—	—	—	—	—
Current ratio	0.44	0.54	0.45	0.28	0.20	0.36	0.28	0.50	0.66	0.78
Quick ratio	0.35	0.47	0.41	0.27	0.19	0.29	0.16	0.31	0.65	0.18
Interest coverage	-19.6	-24.2	-15.3	-1.6	-16.1	-11.0	-12.0	-1.6	-7.6	-8.1
Working capital	−CN¥83.3M	−CN¥84.5M	−CN¥171.7M	−CN¥211.3M	−CN¥228.2M	−CN¥112.5M	−CN¥178.6M	−CN¥217.3M	−CN¥45.0M	−CN¥136.4M
Invested capital	−CN¥13.1M	−CN¥34.6M	−CN¥80.9M	−CN¥12.3M	−CN¥15.3M	CN¥41.2M	CN¥52.7M	CN¥52.9M	CN¥224.7M	CN¥362.8M
Tangible asset value	−CN¥63.6M	−CN¥61.8M	−CN¥84.5M	−CN¥177.4M	−CN¥191.2M	−CN¥99.9M	−CN¥33.9M	−CN¥48.3M	CN¥83.2M	CN¥151.0M
Net current asset value	−CN¥96.1M	−CN¥90.4M	−CN¥178.0M	−CN¥227.1M	−CN¥246.5M	−CN¥275.9M	−CN¥207.4M	−CN¥238.6M	−CN¥122.3M	−CN¥183.9M
Capital allocation
Dividends paid	—	—	CN¥200,000	CN¥2.4M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Share buybacks (net)	—	—	—	—	—	—	CN¥0	CN¥0	CN¥0	CN¥0
Dividend payout ratio	—	—	0.4%	—	—	—	—	—	—	—
Dividends + buybacks / free cash flow	—	—	—	91.2%	—	—	—	—	—	0.0%
Capex / revenue	14.6%	4.4%	13.1%	1.2%	3.7%	3.3%	3.2%	23.1%	—	5.1%
Capex / operating cash flow	—	—	—	18.9%	—	—	—	—	—	35.4%
Capex / depreciation	4.17	1.76	3.03	0.16	0.21	0.16	0.22	0.18	0.14	0.54
Stock-based compensation / revenue	25.3%	4.6%	1.2%	2.0%	23.6%	25.1%	13.2%	—	—	2.6%
R&D / revenue	14.3%	8.9%	8.0%	14.1%	4.3%	7.8%	14.4%	209.9%	—	13.1%
SG&A / revenue	51.7%	37.3%	24.2%	41.2%	169.9%	119.8%	29.5%	248.7%	—	18.5%
Efficiency
Days sales outstanding	52.5	21.8	57.9	155.7	163.2	211.3	325.5	2,618.4	—	1.4
Days of inventory on hand	58.7	48.6	36.3	31.5	96.4	156.8	191.5	2,153.9	—	568.5
Days payables outstanding	44.1	25.1	36.2	97.0	101.9	72.0	30.6	243.7	—	4.0
Cash conversion cycle (days)	67.0	45.2	58.0	90.2	157.7	296.1	486.4	4,528.6	—	565.9
Receivables turnover	6.96	16.77	6.30	2.34	2.24	1.73	1.12	0.14	0.00	263.77
Payables turnover	8.27	14.52	10.08	3.76	3.58	5.07	11.91	1.50	0.00	91.30
Inventory turnover	6.22	7.51	10.04	11.58	3.79	2.33	1.91	0.17	0.00	0.64
Asset turnover	0.79	0.61	0.50	0.41	0.25	0.20	0.27	0.03	0.00	0.36
Average receivables	CN¥13.1M	CN¥6.8M	CN¥14.8M	CN¥22.4M	CN¥20.8M	CN¥30.4M	CN¥82.4M	CN¥92.7M	CN¥28.2M	CN¥1.3M
Average payables	CN¥10.3M	CN¥6.7M	CN¥7.5M	CN¥9.7M	CN¥9.4M	CN¥9.7M	CN¥8.8M	CN¥4.7M	CN¥1.4M	CN¥2.8M
Average inventory	CN¥13.7M	CN¥13.0M	CN¥7.6M	CN¥3.1M	CN¥8.9M	CN¥21.0M	CN¥55.2M	CN¥41.6M	CN¥184.7M	CN¥403.8M
Intangibles / total assets	2.1%	2.4%	1.4%	3.5%	4.7%	5.7%	7.0%	5.8%	9.1%	7.7%

Computed from SEED's annual financial statements (latest annual report filed January 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.

SEED valuation and financial ratios

It ended the year with CN¥26.1 million of debt and CN¥15.9 million in cash and short-term investments, net debt of CN¥10.3 million.

See the SEED income statement, the SEED chart for price history, or the SEED stock overview for the latest quote and news.

SEED key metrics FAQ

How much debt does Origin Agritech have?

Origin Agritech had total debt of CN¥26.1 million at the end of fiscal 2025.

What is Origin Agritech's current ratio?

Origin Agritech's current ratio was 0.44 at the end of fiscal 2025: current assets were 0.44 times current liabilities.

Origin Agritech Limited (SEED) Key Metrics

SEED key metrics, FY2016–FY2025

SEED returns How much profit the business earns on the capital it uses.

SEED financial health Debt, liquidity and how easily interest is covered.

SEED efficiency & capital use Working capital cycle and where the cash goes.

SEED returns on capital

SEED debt vs cash

SEED cash returned to shareholders

SEED key metrics in Chinese yuan

SEED valuation and financial ratios

SEED key metrics FAQ

Agricultural Inputs key metrics