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MNSO · NYSE · United States · Retail-Variety Stores
In shortMINISO Group Holding Ltd is profitable, generates cash and holds more cash than debt, with revenue growing (+48.1% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.5% | 82/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 15.4% | 82/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 27.2% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 24.0% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.04× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.06× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 35.69× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.54 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.8% | 71/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.83× | 66/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 20.5% | 35/100 |
| Operating margin volatility | 6.9% | 46/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 23.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 8,979 | 9,072 | 10,086 | 11,473 | 16,994 |
| Cost of revenue | 6,246 | 6,641 | 7,016 | 7,030 | 9,357 |
| Gross profit | 2,732 | 2,431 | 3,070 | 4,443 | 7,637 |
| Operating income | 767 | 401 | 882 | 2,223 | 3,316 |
| Interest expense | 31 | 28 | 33 | 35 | 93 |
| Pre-tax income | 81 | (1,216) | 907 | 2,334 | 3,348 |
| Income tax | 211 | 213 | 267 | 552 | 712 |
| Net income | (262) | (1,415) | 638 | 1,769 | 2,618 |
| Diluted EPS | −¥0.26 | −¥1.18 | ¥0.52 | ¥1.41 | ¥2.10 |
| Diluted shares (millions) | – | 1,104 | 1,217 | 1,251 | 1,247 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 2 reported quarters (10-Q and 10-K filings), in CNY millions. The fourth quarter is derived from the annual report.
The last 2 quarters of MINISO Group Holding Ltd are included in the Investor plan. Try free for 7 days →
5.54 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 24, 2025