WeRide Inc. (WRD) Key Metrics
WRD key metrics, 2014–2025
Fiscal year ended December 31, 2025 · Chinese yuanWRD returns How much profit the business earns on the capital it uses.
WRD financial health Debt, liquidity and how easily interest is covered.
WRD efficiency & capital use Working capital cycle and where the cash goes.
WRD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WRD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WRD cash returned to shareholders
WRD key metrics in Chinese yuan
2014–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −22.1% | −125.4% | — | — | — | — | 4.6% | −7.3% | −13.2% | −8.1% |
| Return on invested capital (ROIC) | −160.8% | — | — | — | — | — | 6.7% | −1.5% | −6.7% | −5.3% |
| Return on assets (ROA) | −19.9% | −37.8% | −35.4% | −29.9% | −30.5% | — | 2.4% | −5.0% | −7.8% | −4.3% |
| Return on tangible assets | −18.6% | −33.0% | −35.2% | −24.4% | −31.2% | — | 1.8% | −3.3% | −7.0% | −4.3% |
| Free cash flow margin | −229.4% | −188.0% | −127.4% | −142.8% | −385.2% | — | −231.8% | −428.0% | −341.7% | −227.2% |
| Income quality (OCF / net income) | — | — | — | — | — | — | 5.56 | — | — | — |
| Financial health | ||||||||||
| Total debt | CN¥379.7M | CN¥143.0M | CN¥53.4M | CN¥67.9M | CN¥93.8M | — | CN¥770.6M | CN¥242.8M | CN¥118.0M | CN¥111.1M |
| Cash & short-term investments | CN¥7.13B | CN¥6.57B | CN¥4.53B | CN¥4.51B | CN¥2.78B | — | CN¥226,000 | CN¥3.1M | CN¥22.2M | CN¥12.2M |
| Net debt | −CN¥6.75B | −CN¥6.43B | −CN¥4.48B | −CN¥4.44B | −CN¥2.69B | — | CN¥770.4M | CN¥239.6M | CN¥95.8M | CN¥98.9M |
| Debt / equity | 0.05 | 0.02 | — | — | — | — | 0.67 | 0.24 | 0.43 | 0.62 |
| Debt / assets | 0.04 | 0.02 | 0.01 | 0.01 | 0.03 | — | 0.28 | 0.17 | 0.28 | 0.33 |
| Net debt / EBITDA | — | — | — | — | — | — | 2.81 | 3.66 | — | — |
| Current ratio | 8.20 | 13.43 | 0.63 | 14.02 | 12.89 | — | 0.29 | 0.53 | 1.29 | 1.23 |
| Quick ratio | 7.88 | 13.06 | 0.60 | 13.59 | 12.40 | — | 0.28 | 0.53 | 1.26 | 1.23 |
| Interest coverage | -263.1 | -780.1 | -549.0 | -218.0 | -89.9 | -74.6 | 3.3 | -2.0 | -10.7 | -7.0 |
| Working capital | CN¥7.21B | CN¥6.75B | −CN¥3.22B | CN¥4.71B | CN¥2.79B | — | −CN¥221.1M | −CN¥27.4M | CN¥7.8M | CN¥8.7M |
| Invested capital | CN¥1.16B | CN¥635.4M | −CN¥7.53B | −CN¥6.52B | −CN¥3.65B | — | CN¥1.92B | CN¥1.25B | CN¥369.9M | CN¥277.9M |
| Tangible asset value | CN¥7.84B | CN¥7.00B | −CN¥3.12B | −CN¥2.16B | −CN¥1.04B | — | CN¥1.15B | CN¥1.01B | CN¥274.1M | CN¥179.0M |
| Net current asset value | CN¥7.18B | CN¥6.66B | −CN¥3.30B | −CN¥2.39B | −CN¥1.25B | — | −CN¥1.54B | −CN¥403.2M | −CN¥118.8M | −CN¥110.5M |
| Capital allocation | ||||||||||
| Dividends paid | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥436.0M | — | — | — |
| Share buybacks (net) | CN¥0 | CN¥0 | CN¥39.1M | CN¥60.9M | CN¥181.2M | CN¥56.3M | CN¥564,000 | — | — | — |
| Dividend payout ratio | — | — | — | — | — | — | 874.1% | — | — | — |
| Capex / revenue | 36.3% | 23.7% | 9.2% | 15.7% | 18.6% | 18.5% | 296.8% | 445.5% | 412.9% | 283.7% |
| Capex / operating cash flow | — | — | — | — | — | — | 457.1% | 2,548.3% | 579.7% | 502.6% |
| Capex / depreciation | 1.49 | 0.85 | 0.41 | 0.96 | 0.39 | 0.06 | 7.53 | 6.97 | 5.76 | 8.60 |
| Stock-based compensation / revenue | 65.7% | 328.9% | 231.9% | 61.7% | 40.5% | 714.4% | — | — | — | — |
| R&D / revenue | 200.4% | 302.2% | 263.4% | 143.8% | 320.7% | 1,832.6% | — | — | — | — |
| SG&A / revenue | 97.8% | 330.2% | 165.9% | 49.4% | 86.4% | 835.6% | — | 18.8% | 29.7% | 14.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 248.5 | 505.6 | 433.5 | 166.6 | 238.3 | — | 47.2 | 49.2 | 175.5 | 211.4 |
| Days of inventory on hand | 200.9 | 308.2 | 312.8 | 167.4 | 483.3 | — | 23.2 | — | 12.8 | 2.8 |
| Days payables outstanding | 70.2 | 27.5 | 23.8 | 17.0 | 67.3 | — | 261.5 | 371.0 | 872.8 | 724.5 |
| Cash conversion cycle (days) | 379.2 | 786.4 | 722.4 | 317.0 | 654.4 | — | -191.0 | -321.7 | -684.5 | -510.3 |
| Receivables turnover | 1.47 | 0.72 | 0.84 | 2.19 | 1.53 | — | 7.73 | 7.41 | 2.08 | 1.73 |
| Payables turnover | 5.20 | 13.29 | 15.34 | 21.49 | 5.42 | — | 1.40 | 0.98 | 0.42 | 0.50 |
| Inventory turnover | 1.82 | 1.18 | 1.17 | 2.18 | 0.76 | — | 15.70 | — | 28.52 | 130.50 |
| Asset turnover | 0.08 | 0.05 | 0.07 | 0.12 | 0.04 | — | 0.20 | 0.14 | 0.09 | 0.14 |
| Average receivables | CN¥466.1M | CN¥500.3M | CN¥477.2M | CN¥240.7M | CN¥90.2M | — | CN¥55.3M | CN¥17.2M | CN¥17.1M | CN¥26.3M |
| Average payables | CN¥91.9M | CN¥18.8M | CN¥14.2M | CN¥13.7M | CN¥15.9M | — | CN¥37.0M | CN¥19.3M | CN¥22.8M | CN¥27.9M |
| Average inventory | CN¥263.0M | CN¥211.5M | CN¥187.1M | CN¥135.3M | CN¥114.6M | — | CN¥3.3M | — | CN¥333,871 | CN¥107,803 |
| Intangibles / total assets | 0.7% | 0.9% | 1.2% | 1.4% | 2.3% | — | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from WRD's annual financial statements (latest annual report filed April 23, 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.
WRD valuation and financial ratios
WeRide Inc. earned a return on equity of −22.1% and a return on invested capital of −160.8% in fiscal 2025. It ended the year with CN¥379.7 million of debt and CN¥7.1 billion in cash and short-term investments, a net cash position of CN¥6.7 billion.
See the WRD income statement, the WRD chart for price history, or the WRD stock overview for the latest quote and news.
WRD key metrics FAQ
What is WeRide Inc.'s return on equity?
WeRide Inc.'s return on equity (ROE) was −22.1% in fiscal 2025: net income of -CN¥1.7 billion on average shareholders' equity of CN¥7.5 billion.
What is WeRide Inc.'s ROIC?
WeRide Inc.'s return on invested capital was −160.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does WeRide Inc. have?
WeRide Inc. had total debt of CN¥379.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
Does WeRide Inc. pay a dividend?
WeRide Inc. did not pay a dividend in fiscal 2025.
What is WeRide Inc.'s current ratio?
WeRide Inc.'s current ratio was 8.20 at the end of fiscal 2025: current assets were 8.20 times current liabilities.