Yatsen Holding Limited (YSG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|
| Total Current Assets | 2.24B | 2.37B | 2.37B | 2.24B | 2.35B | 2.39B | 2.55B | 2.77B | 2.95B | 3.16B | 3.48B | 3.4B | 3.51B | 3.57B | 4.56B | 7.09B | 3.38B | 1.57B |
| Cash & Short-Term Investments | 1.05B | 1.04B | 1.3B | 1.28B | 1.36B | 1.31B | 1.58B | 1.87B | 2.06B | 2.22B | 2.55B | 2.49B | 2.59B | 2.56B | 3.14B | 5.73B | 1.95B | 686.58M |
| Cash Only | 808.01M | 690.19M | 953.53M | 669.78M | 817.39M | 503.07M | 796.49M | 1.3B | 836.89M | 796.86M | 986.82M | 1.35B | 1.51B | 1.46B | 3.14B | 5.73B | 1.95B | 676.58M |
| Short-Term Investments | 246.16M | 348.17M | 350.77M | 610.15M | 539.13M | 805.85M | 783.95M | 567.8M | 1.22B | 1.42B | 1.56B | 1.14B | 1.07B | 1.1B | 62.88M | 0 | 0 | 10M |
| Accounts Receivable | 381.4M | 276.54M | 227.46M | 202.44M | 326.89M | 215.47M | 173.49M | 182.59M | 201.64M | 214.92M | 205.04M | 198.72M | 206.44M | 214.29M | 355.9M | 433.69M | 328.1M | 265.3M |
| Days Sales Outstanding | 22.25 | 23.34 | 18.17 | 28.63 | 21.4 | 27.02 | 20.32 | 22.48 | 18.23 | 26.69 | 20.74 | 23.71 | 19.99 | 29.1 | 94.72 | 18.14 | 21.77 | 86.67 |
| Inventory | 509.05M | 479.66M | 392.32M | 383.35M | 386.05M | 438.42M | 422.25M | 349.55M | 352.09M | 393.11M | 394.53M | 382.78M | 423.29M | 488.26M | 695.76M | 616.81M | 468.52M | 504.05M |
| Days Inventory Outstanding | 154.96 | 185.02 | 150.78 | 198.9 | 146.19 | 248.05 | 189.08 | 184.1 | 123.8 | 175.09 | 158.03 | 183.58 | 149.71 | 194.43 | 449.78 | 76.75 | 103.96 | 441.61 |
| Other Current Assets | 290.98M | 571.28M | 450.36M | 374.85M | 60.47M | 431.58M | 371.01M | 370.87M | 181.44M | 338.22M | 335.75M | 320.54M | 121.67M | 60K | 70.63M | 43.18M | 421.89M | 72.17M |
| Total Non-Current Assets | 1.61B | 1.65B | 1.67B | 1.64B | 1.62B | 2.07B | 2.07B | 2.01B | 2.05B | 2.4B | 2.41B | 2.37B | 2.35B | 2.34B | 2.72B | 1.22B | 958.25M | 438.49M |
| Property, Plant & Equipment | 251.09M | 251M | 244.86M | 229.12M | 221.87M | 201.62M | 210.66M | 154.13M | 179.23M | 172.48M | 167.72M | 174.14M | 208.62M | 239.86M | 668.28M | 822.01M | 839.45M | 372.76M |
| Fixed Asset Turnover | 5.42x | 4.01x | 4.54x | 3.69x | 5.51x | 3.21x | 4.37x | 4.67x | 5.98x | 4.25x | 5.18x | 4.02x | 4.32x | 1.97x | 2.04x | 2.33x | 2.05x | 3.00x |
| Goodwill | 155.13M | 155.03M | 155.03M | 155.03M | 155.03M | 571.13M | 556.65M | 554.8M | 556.57M | 887.93M | 919.04M | 866.95M | 857.14M | 820.29M | 869.42M | 20.6M | 20.6M | 20.6M |
| Intangible Assets | 537.85M | 555.57M | 579.73M | 562.24M | 559.71M | 638.08M | 636.09M | 649.76M | 671.4M | 668.9M | 710.62M | 683.64M | 689.67M | 670.03M | 745.85M | 189.09M | 10.36M | 10.03M |
| Long-Term Investments | 653.98M | 666.89M | 662.96M | 668.08M | 664.58M | 628.36M | 637.18M | 623.67M | 618.75M | 610.94M | 546.52M | 569.14M | 502.58M | 508.33M | 350.38M | 34.86M | 35.24M | 29.68M |
| Other Non-Current Assets | 14.34M | 25M | 24.74M | 20.95M | 20.64M | 25.73M | 32.73M | 27.39M | 27.1M | 61.33M | 65.8M | 73.11M | 94.27M | 101.86M | 80.22M | 152.06M | 52.27M | 1.2M |
| Total Assets | 3.85B | 4.02B | 4.04B | 3.88B | 3.97B | 4.46B | 4.62B | 4.78B | 5.01B | 5.57B | 5.9B | 5.76B | 5.86B | 5.91B | 7.27B | 8.31B | 4.34B | 2.01B |
| Asset Turnover | 0.35x | 0.25x | 0.27x | 0.21x | 0.28x | 0.15x | 0.17x | 0.16x | 0.20x | 0.13x | 0.15x | 0.13x | 0.16x | 0.14x | 0.20x | 0.31x | 0.39x | 0.56x |
| Asset Growth % | -3.06% | -9.86% | -12.49% | -18.89% | -20.68% | -19.87% | -21.63% | -17.07% | -14.61% | -5.85% | - | - | -19.38% | - | -12.47% | 313.26% | - | - |
| Total Current Liabilities | 615.67M | 772.02M | 658.45M | 526.31M | 640.19M | 576.26M | 572.73M | 549.01M | 611.33M | 546.63M | 573.19M | 526.41M | 588.41M | 653.51M | 877.58M | 1.13B | 1.12B | 763.34M |
| Accounts Payable | 149.47M | 254.24M | 148.18M | 74.68M | 72.09M | 70.78M | 102.65M | 64.18M | 105.69M | 105.63M | 105.33M | 94.5M | 119.85M | 157.3M | 240.81M | 466.7M | 403.97M | 400.54M |
| Days Payables Outstanding | 63.27 | 85.39 | 43.32 | 37.94 | 25.33 | 49.98 | 40.87 | 44.57 | 35.11 | 46.9 | 40.63 | 48.82 | 45.52 | 65.38 | 242.45 | 61.57 | 86 | 350.92 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 0 |
| Deferred Revenue (Current) | 28.84M | 26.56M | 18.99M | 20.7M | 19.57M | 31.6M | 29.7M | 34.74M | 41.58M | 13.18M | 15.46M | 15.17M | 16.65M | 19.5M | 20.68M | 6.23M | 7.22M | 3.18M |
| Other Current Liabilities | 370.23M | 0 | 0 | 0 | 39.66M | 0 | 0 | 0 | 78.54M | 0 | 0 | 0 | 55.87M | 0 | 70.15M | 60.51M | 290.3M | 100.96M |
| Current Ratio | 3.63x | 3.06x | 3.61x | 4.26x | 3.67x | 4.16x | 4.45x | 5.04x | 4.83x | 5.79x | 6.08x | 6.45x | 5.96x | 5.46x | 5.19x | 6.27x | 3.01x | 2.06x |
| Quick Ratio | 2.80x | 2.44x | 3.01x | 3.53x | 3.06x | 3.39x | 3.71x | 4.41x | 4.25x | 5.07x | 5.39x | 5.72x | 5.24x | 4.72x | 4.40x | 5.72x | 2.59x | 1.40x |
| Cash Conversion Cycle | 113.94 | 122.97 | 125.63 | 189.59 | 142.25 | 225.09 | 168.53 | 162 | 106.92 | 154.88 | 138.15 | 158.47 | 124.18 | 158.16 | 302.06 | 33.32 | 39.74 | 177.36 |
| Total Non-Current Liabilities | 231.21M | 235.61M | 245.89M | 236.35M | 227.66M | 213.41M | 223.53M | 197.36M | 209.91M | 196.35M | 197.5M | 191.24M | 211.72M | 212.81M | 386.93M | 313.47M | 351.54M | 172.79M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 123.24M | 127.7M | 130.52M | 120.51M | 109.53M | 83.04M | 90.83M | 62.22M | 67.77M | 49.67M | 40.02M | 37.24M | 53M | 52.07M | 206.3M | 311.91M | 349.94M | 171.04M |
| Deferred Tax Liabilities | 107.97M | 105.25M | 108.66M | 105.07M | 103.31M | 111.97M | 109.97M | 108.52M | 111.59M | 111.09M | 118.03M | 112.78M | 113.44M | 110.04M | 124.45M | 1.56M | 1.6M | 1.74M |
| Other Non-Current Liabilities | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.74M |
| Total Liabilities | 846.88M | 1.01B | 904.35M | 762.66M | 867.85M | 789.68M | 796.26M | 746.37M | 821.24M | 742.97M | 770.69M | 717.65M | 800.13M | 866.33M | 1.26B | 1.44B | 1.48B | 936.13M |
| Total Debt | 176.7M | 179.97M | 179.21M | 159.86M | 148.94M | 130.53M | 135.98M | 95.78M | 113.23M | 104.29M | 101.68M | 112.03M | 132.58M | 149.87M | 421.15M | 527.21M | 561.05M | 264.96M |
| Net Debt | -631.31M | -510.22M | -774.32M | -509.92M | -668.46M | -372.55M | -660.51M | -1.2B | -723.66M | -692.57M | -885.13M | -1.24B | -1.38B | -1.31B | -2.72B | -5.2B | -1.39B | -411.62M |
| Debt / Equity | 0.06x | 0.06x | 0.06x | 0.05x | 0.05x | 0.04x | 0.04x | 0.02x | 0.03x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.07x | 0.08x | 0.20x | 0.25x |
| Debt / EBITDA | 1.32x | - | - | - | 1.85x | - | - | - | - | - | - | 22.20x | - | - | - | - | - | 2.66x |
| Net Debt / EBITDA | -4.73x | - | - | - | -8.32x | - | - | - | - | - | - | -245.31x | - | - | - | - | - | -4.13x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 3B | 3.01B | 3.14B | 3.11B | 3.1B | 3.67B | 3.82B | 4.03B | 4.18B | 4.82B | 5.13B | 5.05B | 5.06B | 5.05B | 6.01B | 6.86B | 2.87B | 1.07B |
| Equity Growth % | -3.24% | -17.92% | -17.92% | -22.79% | -25.85% | -23.9% | -25.38% | -20.07% | -17.34% | -4.41% | - | - | -15.73% | - | -12.47% | 538.96% | - | - |
| Book Value per Share | 29.75 | 32.09 | 33.84 | 33.90 | 32.15 | 35.93 | 37.43 | 37.68 | 38.98 | 44.39 | 46.01 | 42.53 | 45.28 | 44.71 | 47.53 | 54.33 | 21.26 | 7.97 |
| Total Shareholders' Equity | 3.01B | 3.02B | 3.09B | 3.07B | 3.06B | 3.63B | 3.78B | 3.98B | 4.14B | 4.45B | 4.78B | 4.7B | 4.72B | 4.7B | 5.66B | 6.85B | 2.87B | 1.07B |
| Common Stock | 173.11K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 173K | 70K | 56K |
| Retained Earnings | -8.15B | -8.15B | -8.08B | -8.06B | -8.03B | -7.67B | -7.55B | -7.47B | -7.35B | -6.85B | -6.66B | -6.55B | -6.6B | -6.55B | -5.78B | -4.24B | -2.62B | -89.59M |
| Treasury Stock | -1.25B | -1.24B | -1.25B | -1.27B | -1.28B | -1.07B | -1.02B | -887.21M | -864.57M | -839.11M | -729.17M | -669.15M | -669.15M | -668.92M | -22.33M | -12K | -22K | -20K |
| Accumulated OCI | 106.35M | 117.83M | 140.6M | 122.05M | 86.87M | 100.89M | 99.24M | 86.95M | 84.38M | 103.98M | 150.27M | -48.72M | -50.02M | -47.63M | -234.43M | -77.21M | -13.33M | 33.75M |
| Minority Interest | -9.97M | -5.28M | 45.58M | 47.39M | 47.69M | 42.26M | 42.25M | 49.47M | 49.74M | 373.11M | 346.55M | 343.7M | 343.08M | 345.79M | 348.31M | 15.08M | 0 | 0 |