UXINNasdaqServices-Business Services, NECFiscal year ends December 31
Uxin Ltd
Financials through Q4 FY2024, quarter ended Mar 31, 2024Last filing: 20-F on Apr 30, 2026
$0.93−0.08 (-7.88%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2024
Gross margin
5.9%−64.1 pts over 5 years
Operating margin
-22.7%+102.9 pts over 5 years
Net margin
-27.1%+853.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -33.2% | – | -2.8% | – | |
| Gross profit | +216.6% | – | -38.3% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2017 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 47.6% | |
| Return on assets | – | – | -26.5% | |
| Current ratio | – | 1.13 | 0.26 | |
| Debt to equity | – | -0.10 | – | |
| Net debt to EBITDA | – | 2.90× | – | |
| Interest coverage | – | -1950.9× | -5.0× | |
| Inventory turnover | – | – | 11.7× | |
| Capex to revenue | – | 26.3% | 0.9% | |
| Diluted shares | – | 49M | 2.19B |
Where the cash went
Fiscal 2018 to 2024, five years combined
Uxin generated CN¥4.83B from operations and spent CN¥245.27M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥4.83B
Used
CN¥245.27M
Capital expenditureCN¥245.27M100%DividendsCN¥00%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-27.1%
×Asset turnover0.98×
×Equity multiplier-1.79×
=Return on equity, FY202447.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -27.1% | 0.98× | -1.79× | 47.6% |
| FY2023 | -6.7% | 2.09× | -0.71× | 9.9% |
| FY2019 | -125.2% | 0.25× | 4.48× | -139.9% |
| FY2018 | -231.0% | 0.10× | -2.20× | 52.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
3of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥372.39M
- Cash generatingOperating cash flow above zero-CN¥262.45M
- Return on assets improvedROA up on the prior year-11.0% → -51.8%
- Earnings backed by cashOperating cash flow above net income-CN¥262.45M vs -CN¥372.39M
- Less leverageLong-term debt to assets fell40.6% → –
- Better liquidityCurrent ratio rose0.47 → 0.26
- No dilutionShare count did not rise1.34B → 2.19B
- Gross margin improvedGross margin up on the prior year1.24% → 5.86%
- More efficientAsset turnover rose1.65 → 1.91