Luckin Coffee
Luckin Coffee Inc. offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte; specialty coffee products, such as the fruity americano; and tea products, such as the light milk tea series, as well as SOE coffee products, chinese tea-flavored coffee, velvet latte, an… Read more
Luckin Coffee (LKNCY) - Net Assets
Latest net assets as of September 2025: $15.02 Billion USD
Based on the latest financial reports, Luckin Coffee (LKNCY) has net assets worth $15.02 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.68 Billion) and total liabilities ($14.66 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.02 Billion |
| % of Total Assets | 50.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | 153.82% |
| 10-Year Change | N/A |
| Growth Volatility | 47.38 |
Luckin Coffee - Net Assets Trend (2017–2024)
This chart illustrates how Luckin Coffee's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Luckin Coffee (2017–2024)
The table below shows the annual net assets of Luckin Coffee from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $13.05 Billion | +60.42% |
| 2023-12-31 | $8.14 Billion | +61.14% |
| 2022-12-31 | $5.05 Billion | +39.05% |
| 2021-12-31 | $3.63 Billion | -29.39% |
| 2020-12-31 | $5.14 Billion | 0.00% |
| 2019-12-31 | $5.14 Billion | +118.76% |
| 2018-12-31 | $2.35 Billion | +4676.02% |
| 2017-12-31 | $-51.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Luckin Coffee's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 554948100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.00K | 0.00% |
| Other Comprehensive Income | $438.54 Million | 3.36% |
| Other Components | $18.22 Billion | 139.59% |
| Total Equity | $13.05 Billion | 100.00% |
Luckin Coffee Competitors by Market Cap
The table below lists competitors of Luckin Coffee ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YPF S.A. D
BA:YPFD
|
$10.34 Billion |
|
Ally Financial Inc
NYSE:ALLY
|
$10.34 Billion |
|
Zhongjin Gold Corp Ltd
SHG:600489
|
$10.35 Billion |
|
Singapore Exchange Limited
PINK:SPXCF
|
$10.37 Billion |
|
Admiral Group plc
PINK:AMIGF
|
$10.33 Billion |
|
Cochlear Limited
PINK:CHEOF
|
$10.33 Billion |
|
Grab Holdings Ltd
NASDAQ:GRAB
|
$10.31 Billion |
|
ARC Resources Ltd.
PINK:AETUF
|
$10.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luckin Coffee's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,136,405,000 to 13,052,610,000, a change of 4,916,205,000 (60.4%).
- Net income of 2,973,246,663 contributed positively to equity growth.
- Other comprehensive income decreased equity by 126,612,000.
- Other factors increased equity by 2,069,570,337.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.97 Billion | +22.78% |
| Other Comprehensive Income | $-126.61 Million | -0.97% |
| Other Changes | $2.07 Billion | +15.86% |
| Total Change | $- | 60.42% |
Book Value vs Market Value Analysis
This analysis compares Luckin Coffee's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-2.19 | $32.01 | x |
| 2018-12-31 | $100.23 | $32.01 | x |
| 2019-12-31 | $25.16 | $32.01 | x |
| 2020-12-31 | $201.25 | $32.01 | x |
| 2021-12-31 | $154.19 | $32.01 | x |
| 2022-12-31 | $128.42 | $32.01 | x |
| 2023-12-31 | $205.61 | $32.01 | x |
| 2024-12-31 | $327.85 | $32.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luckin Coffee utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 22.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 1.51x
- • Equity Multiplier: 1.77x
- Recent ROE (22.78%) is above the historical average (-24.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -22548.40% | 0.00x | 0.00x | $-107.60 Million |
| 2018 | -141.01% | -379.49% | 0.25x | 1.48x | $-3.55 Billion |
| 2019 | -62.46% | -104.48% | 0.31x | 1.93x | $-3.67 Billion |
| 2020 | -73.17% | -122.73% | 0.31x | 1.93x | $-4.21 Billion |
| 2021 | 11.10% | 7.26% | 0.64x | 2.39x | $56.48 Million |
| 2022 | 9.84% | 3.67% | 1.29x | 2.08x | $-8.10 Million |
| 2023 | 35.00% | 11.44% | 1.36x | 2.25x | $2.03 Billion |
| 2024 | 22.78% | 8.50% | 1.51x | 1.77x | $1.67 Billion |
Industry Comparison
This section compares Luckin Coffee's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luckin Coffee (LKNCY) | $15.02 Billion | 0.00% | 0.98x | $10.34 Billion |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |