PDD Holdings Inc. (PDD) - Cash Flow Conversion Efficiency
Based on the latest financial reports, PDD Holdings Inc. (PDD) has a cash flow conversion efficiency ratio of 0.117x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($45.66 Billion) by net assets ($391.40 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See PDD days of operational coverage to measure how many days the company can operate on defensive assets alone.
PDD Holdings Inc. - Cash Flow Conversion Efficiency Trend (2016–2024)
This chart illustrates how PDD Holdings Inc.'s cash flow conversion efficiency has evolved over time, based on yearly financial data.
PDD Holdings Inc. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of PDD Holdings Inc. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Banco Bilbao Vizcaya Argentaria SA
MC:BBVA
|
0.278x |
|
Safran SA
PA:SAF
|
0.200x |
|
China Merchants Bank Co Ltd
SHG:600036
|
0.030x |
|
Progressive Corp
NYSE:PGR
|
1.138x |
|
Capital One Financial Corporation
NYSE:COF
|
0.054x |
|
Bristol-Myers Squibb Company
NYSE:BMY
|
0.055x |
|
Hon Hai Precision Industry Co Ltd
TW:2317
|
0.141x |
|
Cambricon Technologies Corp Ltd
SHG:688256
|
-0.035x |
Annual Cash Flow Conversion Efficiency for PDD Holdings Inc. (2016–2024)
The table below shows the annual cash flow conversion efficiency of PDD Holdings Inc. from 2016 to 2024. For the full company profile with market capitalisation and key ratios, see PDD stock market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $313.31 Billion | $121.93 Billion | 0.389x | -22.62% |
| 2023-12-31 | $187.24 Billion | $94.16 Billion | 0.503x | +742.12% |
| 2022-12-31 | $117.77 Billion | $7.03 Billion | 0.060x | -84.42% |
| 2021-12-31 | $75.11 Billion | $28.78 Billion | 0.383x | -18.22% |
| 2020-12-31 | $60.18 Billion | $28.20 Billion | 0.469x | -22.08% |
| 2019-12-31 | $24.65 Billion | $14.82 Billion | 0.601x | +45.71% |
| 2018-12-31 | $18.82 Billion | $7.77 Billion | 0.413x | +57.63% |
| 2017-12-31 | $1.20 Billion | $315.48 Million | 0.262x | -89.39% |
| 2016-12-31 | $356.45 Million | $879.78 Million | 2.468x | -- |
About PDD Holdings Inc.
PDD Holdings Inc., a multinational commerce group that owns and operates a portfolio of businesses. It operates Pinduoduo platform which provides various product categories, including agricultural produce, apparel, shoes, bags, mother and childcare products, food and beverages, consumer electronics, electronic appliances, furniture and household goods, cosmetics and other personal care items, spo… Read more