FinscoFinsco

PDD Holdings — Earning Quality

$Open the interactive terminal to run `audit earning-quality` with custom options.→
Capital FlowReturnsEarning QualityDebt DisciplineMoat
EARNING QUALITY

TICKER: [US.PDD - PDD Holdings]
PERIOD: [2016-ANNUAL ~ 2025-ANNUAL]


[+] Accruals Ratio: -22.3% (OCF > NI, strong cash generation)
[+] Cash Conversion: 180% (> 80% = strong, < 50% = weak)
[+] FCF Conversion: 170% (> 80% = excellent quality)


Metric                Value
---------------------------
Avg Accruals Ratio   -22.3%
Avg Cash Conversion    180%
Avg FCF Conversion     170%
Cash Conv Stability   60.7%


Period       Net Income      OCF      FCF  Accruals  Cash Conv  FCF Conv
------------------------------------------------------------------------
2016 ANNUAL    -322.41M  879.78M  877.48M         -          -         -
2017 ANNUAL    -498.70M    9.69B    9.68B    -76.5%          -         -
2018 ANNUAL     -10.30B    7.77B    7.74B    -41.8%          -         -
2019 ANNUAL      -6.97B   14.82B   14.79B    -28.6%          -         -
2020 ANNUAL      -7.18B   28.20B   28.15B    -22.3%          -         -
2021 ANNUAL       7.77B   28.78B   25.50B    -11.6%     370.5%    328.2%
2022 ANNUAL      31.54B   48.51B   47.87B     -7.2%     153.8%    151.8%
2023 ANNUAL      60.03B   94.16B   93.58B     -9.8%     156.9%    155.9%
2024 ANNUAL     112.43B  121.93B  120.96B     -1.9%     108.4%    107.6%
2025 ANNUAL      97.84B  106.94B  105.79B     -1.4%     109.3%    108.1%
audit earning-quality
EARNING QUALITY TICKER: [US.PDD - PDD Holdings] PERIOD: [2016-ANNUAL ~ 2025-ANNUAL]
[+] Accruals Ratio: -22.3% (OCF > NI, strong cash generation)
[+] Cash Conversion: 180% (> 80% = strong, < 50% = weak)
[+] FCF Conversion: 170% (> 80% = excellent quality)
Metric Value
---------------------------
Avg Accruals Ratio -22.3%
Avg Cash Conversion 180%
Avg FCF Conversion 170%
Cash Conv Stability 60.7%
Period Net Income OCF FCF Accruals Cash Conv FCF Conv
------------------------------------------------------------------------
2016 ANNUAL -322.41M 879.78M 877.48M - - -
2017 ANNUAL -498.70M 9.69B 9.68B -76.5% - -
2018 ANNUAL -10.30B 7.77B 7.74B -41.8% - -
2019 ANNUAL -6.97B 14.82B 14.79B -28.6% - -
2020 ANNUAL -7.18B 28.20B 28.15B -22.3% - -
2021 ANNUAL 7.77B 28.78B 25.50B -11.6% 370.5% 328.2%
2022 ANNUAL 31.54B 48.51B 47.87B -7.2% 153.8% 151.8%
2023 ANNUAL 60.03B 94.16B 93.58B -9.8% 156.9% 155.9%
2024 ANNUAL 112.43B 121.93B 120.96B -1.9% 108.4% 107.6%
2025 ANNUAL 97.84B 106.94B 105.79B -1.4% 109.3% 108.1%