111, Inc. (YI) Key Metrics

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

YI key metrics, 2016–2025

Fiscal year ended December 31, 2025 · Chinese yuan

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

Return on assets+1.5 pts

−0.7%

2025 · hover or tap a bar for each year

20162025

Free cash flow margin−0.8 pts

0.9%

2025 · hover or tap a bar for each year

20162025

Asset turnover−0.1%

4.90

2025 · hover or tap a bar for each year

20162025

YI returns on capital

ROEROICROA

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

YI debt vs cash

Total debtCash & short-term investments

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

YI cash returned to shareholders

DividendsBuybacksFree cash flow

YI key metrics in Chinese yuan

2016–2025

111, Inc. key metrics by fiscal year
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Returns & profitability
Return on equity (ROE)	—	—	—	—	—	−80.5%	−50.0%	−49.3%	−55.6%	−63.0%
Return on invested capital (ROIC)	—	—	—	—	—	—	−158.7%	—	—	—
Return on assets (ROA)	−0.7%	−2.2%	−12.0%	−12.6%	−21.7%	−19.7%	−31.7%	−32.9%	−29.2%	−38.5%
Return on tangible assets	−0.8%	−2.3%	−12.7%	−12.0%	−21.3%	−15.1%	−31.2%	−24.7%	−32.8%	−38.7%
Free cash flow margin	0.9%	1.7%	−3.1%	−0.4%	−5.7%	−1.7%	−13.5%	−20.0%	−22.0%	−45.3%
Financial health
Total debt	CN¥217.7M	CN¥256.8M	CN¥443.2M	CN¥344.2M	CN¥491.0M	CN¥329.4M	CN¥208.8M	CN¥2.5M	CN¥43.4M	CN¥50.7M
Cash & short-term investments	CN¥611.7M	CN¥462.3M	CN¥653.7M	CN¥879.5M	CN¥843.9M	CN¥1.49B	CN¥613.7M	CN¥1.11B	CN¥461.2M	CN¥640.3M
Net debt	−CN¥394.0M	−CN¥205.5M	−CN¥210.4M	−CN¥535.3M	−CN¥352.9M	−CN¥1.16B	−CN¥405.0M	−CN¥1.10B	−CN¥417.8M	−CN¥589.6M
Debt / equity	—	—	—	—	—	0.92	0.27	0.00	0.14	0.09
Debt / assets	0.10	0.09	0.14	0.10	0.16	0.11	0.13	0.00	0.06	0.05
Net debt / EBITDA	−217.45	−8.35	—	—	—	—	—	—	—	—
Current ratio	1.09	1.13	1.07	1.19	1.32	1.76	1.99	4.79	3.63	5.23
Quick ratio	0.58	0.54	0.55	0.64	0.79	1.29	1.33	4.12	2.92	4.45
Interest coverage	-0.3	0.1	-17.4	-27.6	-117.0	-53.7	-136.3	—	—	-485.1
Working capital	CN¥171.3M	CN¥307.1M	CN¥188.3M	CN¥510.7M	CN¥671.8M	CN¥1.24B	CN¥735.8M	CN¥1.19B	CN¥529.3M	CN¥728.7M
Invested capital	−CN¥1.10B	−CN¥848.2M	−CN¥793.9M	−CN¥949.9M	−CN¥526.3M	−CN¥803.0M	CN¥371.7M	CN¥119.7M	−CN¥99.0M	−CN¥14.1M
Tangible asset value	CN¥213.7M	CN¥379.3M	CN¥273.8M	CN¥645.0M	CN¥843.8M	CN¥1.32B	CN¥765.9M	CN¥1.22B	CN¥314.1M	CN¥570.2M
Net current asset value	CN¥139.1M	CN¥242.7M	CN¥120.4M	CN¥410.2M	CN¥504.6M	CN¥1.18B	CN¥645.1M	CN¥1.18B	CN¥285.9M	CN¥534.7M
Capital allocation
Dividends paid	—	—	—	—	CN¥359.9M	CN¥264.6M	CN¥148.9M	CN¥0	CN¥0	CN¥0
Share buybacks (net)	—	—	CN¥0	CN¥0	CN¥5.9M	CN¥12.0M	CN¥23.0M	CN¥0	CN¥0	CN¥0
Capex / revenue	0.0%	0.1%	0.1%	0.2%	0.5%	0.3%	0.6%	0.8%	0.7%	0.8%
Capex / operating cash flow	3.7%	5.8%	—	—	—	—	—	—	—	—
Capex / depreciation	0.38	0.90	0.45	0.77	2.30	1.82	2.11	1.32	0.46	0.57
Stock-based compensation / revenue	0.1%	0.1%	1.5%	1.2%	1.2%	0.9%	1.4%	2.9%	1.0%	0.4%
R&D / revenue	0.5%	—	0.8%	1.0%	1.5%	1.1%	1.6%	4.0%	5.0%	7.1%
SG&A / revenue	5.4%	2.7%	4.5%	4.9%	5.8%	6.4%	11.7%	20.1%	25.4%	35.9%
Efficiency
Days sales outstanding	14.2	16.2	15.2	14.8	9.9	5.9	5.4	12.7	36.4	40.1
Days of inventory on hand	37.8	37.7	37.8	37.7	29.2	29.2	33.6	38.5	58.6	61.8
Days payables outstanding	47.6	44.5	43.4	44.8	37.4	35.3	31.6	36.9	47.5	44.9
Cash conversion cycle (days)	4.4	9.4	9.6	7.7	1.6	-0.3	7.4	14.2	47.5	57.0
Receivables turnover	25.73	22.53	23.96	24.67	37.04	62.03	67.32	28.80	10.02	9.10
Payables turnover	7.66	8.20	8.41	8.15	9.75	10.33	11.53	9.88	7.68	8.13
Inventory turnover	9.65	9.67	9.66	9.68	12.51	12.51	10.86	9.48	6.23	5.91
Asset turnover	4.90	4.90	4.56	4.08	4.03	3.54	2.50	1.55	1.13	0.93
Average receivables	CN¥474.6M	CN¥639.1M	CN¥624.0M	CN¥547.8M	CN¥335.4M	CN¥132.3M	CN¥58.7M	CN¥62.0M	CN¥95.8M	CN¥96.1M
Average payables	CN¥1.50B	CN¥1.66B	CN¥1.68B	CN¥1.56B	CN¥1.21B	CN¥758.8M	CN¥328.3M	CN¥170.2M	CN¥113.1M	CN¥98.0M
Average inventory	CN¥1.19B	CN¥1.40B	CN¥1.46B	CN¥1.31B	CN¥943.8M	CN¥626.4M	CN¥348.6M	CN¥177.4M	CN¥139.4M	CN¥134.7M
Intangibles / total assets	0.0%	0.1%	0.1%	0.1%	0.2%	0.2%	0.5%	0.3%	0.6%	0.6%

Computed from YI'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.

YI valuation and financial ratios

It ended the year with CN¥217.7 million of debt and CN¥611.7 million in cash and short-term investments, a net cash position of CN¥394.0 million.

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

YI key metrics FAQ

How much debt does 111 have?

111 had total debt of CN¥217.7 million at the end of fiscal 2025 and more cash than debt.

What is 111's current ratio?

111's current ratio was 1.09 at the end of fiscal 2025: current assets were 1.09 times current liabilities.

111, Inc. (YI) Key Metrics

YI key metrics, 2016–2025

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

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

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

YI returns on capital

YI debt vs cash

YI cash returned to shareholders

YI key metrics in Chinese yuan

YI valuation and financial ratios

YI key metrics FAQ

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