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ATRenew Inc. (RERE) 10-Year Financial Performance & Capital Metrics

RERE • • Industrial / General
Consumer CyclicalSpecialty RetailSecondhand & Resale PlatformsPre-owned Electronics Platforms
AboutATRenew Inc., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. As of December 31, 2021, it operated 1,287 AHS stores and 21 Paipai stores in 214 cities. The company was formerly known as AiHuiShou International Co. Ltd. and changed its name to ATRenew Inc. November 2021. The company was incorporated in 2011 and is headquartered in Shanghai, the People's Republic of China.Show more
  • Revenue $16.33B +25.9%
  • EBITDA $363M +126.1%
  • Net Income -$8M +94.7%
  • EPS (Diluted) -0.03 +94.7%
  • Gross Margin 19.85% -2.0%
  • EBITDA Margin 2.22% +79.6%
  • Operating Margin 0.18% +113.3%
  • Net Margin -0.05% +95.8%
  • ROE -0.22% +94.6%
  • ROIC 1.03% +117.9%
  • Debt/Equity 0.10 -12.2%
  • Interest Coverage 1.93 +107.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 92 (top 8%)
  • ✓Strong 5Y sales CAGR of 32.9%
  • ✓Trading at only 0.4x book value
  • ✓Efficient asset utilization: 3.2x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y32.94%
3Y28.03%
TTM27.33%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM245.13%

EPS CAGR

10Y-
5Y-
3Y-
TTM216.98%

ROCE

10Y Avg-21.74%
5Y Avg-16.15%
3Y Avg-17.56%
Latest0.76%

Peer Comparison

Pre-owned Electronics Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
REREATRenew Inc.780.21M5.85-172.5725.93%1.13%5.55%74.72%0.10

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.26B3.93B4.86B7.78B9.87B12.97B16.33B
Revenue Growth %-0.21%0.24%0.6%0.27%0.31%0.26%
Cost of Goods Sold+2.8B3.18B3.61B5.74B7.6B10.34B13.09B
COGS % of Revenue0.86%0.81%0.74%0.74%0.77%0.8%0.8%
Gross Profit+460.09M755.46M1.25B2.04B2.27B2.63B3.24B
Gross Margin %0.14%0.19%0.26%0.26%0.23%0.2%0.2%
Gross Profit Growth %-0.64%0.65%0.64%0.11%0.16%0.23%
Operating Expenses+716.55M1.49B1.71B2.94B4.9B2.8B3.21B
OpEx % of Revenue0.22%0.38%0.35%0.38%0.5%0.22%0.2%
Selling, General & Admin672.49M1.37B918.08M1.64B1.77B1.52B1.67B
SG&A % of Revenue0.21%0.35%0.19%0.21%0.18%0.12%0.1%
Research & Development65.76M142.86M151.54M264.56M227.81M195.68M210.36M
R&D % of Revenue0.02%0.04%0.03%0.03%0.02%0.02%0.01%
Other Operating Expenses-21.7M-21.41M636.92M1.04B2.9B1.09B1.33B
Operating Income+-256.46M-731.81M-458.78M-895.07M-2.62B-173.34M28.97M
Operating Margin %-0.08%-0.19%-0.09%-0.12%-0.27%-0.01%0%
Operating Income Growth %--1.85%0.37%-0.95%-1.93%0.93%1.17%
EBITDA+-218.34M-497.13M-98M-521.33M-2.22B160.39M362.7M
EBITDA Margin %-0.07%-0.13%-0.02%-0.07%-0.22%0.01%0.02%
EBITDA Growth %--1.28%0.8%-4.32%-3.26%1.07%1.26%
D&A (Non-Cash Add-back)38.12M234.67M360.78M373.75M405.41M333.73M333.73M
EBIT-202.83M-720.41M-489.32M-895.07M-2.57B-141.35M28.97M
Net Interest Income+1.74M-4.58M-11.77M-8.41M11.62M30.82M11.85M
Interest Income8.27M7.81M9.32M8.37M17.78M37.88M26.86M
Interest Expense6.54M12.4M21.09M16.78M6.16M7.06M15.02M
Other Income/Expense47.1M-3.2M-59.16M-65.34M43.94M-25.44M-94.08M
Pretax Income+-209.36M-735.01M-517.94M-960.41M-2.58B-198.78M-65.11M
Pretax Margin %-0.06%-0.19%-0.11%-0.12%-0.26%-0.02%-0%
Income Tax+-1.92M-30.12M-47.32M-143.86M-111.78M-42.53M-56.88M
Effective Tax Rate %0.99%0.96%0.91%0.85%0.96%0.79%0.13%
Net Income+-207.94M-704.89M-470.62M-816.55M-2.47B-156.25M-8.23M
Net Margin %-0.06%-0.18%-0.1%-0.1%-0.25%-0.01%-0%
Net Income Growth %--2.39%0.33%-0.74%-2.02%0.94%0.95%
Net Income (Continuing)-207.94M-704.89M-470.62M-816.55M-2.47B-156.25M-8.23M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-37.32-56.18-63.01-9.17-10.11-0.64-0.03
EPS Growth %--0.51%-0.12%0.85%-0.1%0.94%0.95%
EPS (Basic)-37.32-56.18-63.01-9.17-10.11-0.64-0.03
Diluted Shares Outstanding29.11M28.17M28.17M144.46M244.23M243.24M242.43M
Basic Shares Outstanding5.57M12.55M7.47M89.01M244.19M243.24M242.43M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.06B1.09B1.87B4.15B3.89B4.53B4.17B
Cash & Short-Term Investments673.15M553.19M1.03B1.89B2.52B2.43B2.61B
Cash Only665.56M410.78M918.08M1.36B1.7B1.98B1.97B
Short-Term Investments7.59M142.41M115.42M537.35M818.03M452.04M643.57M
Accounts Receivable6.21M1.4M12.34M16.29M148.26M40.76M43.3M
Days Sales Outstanding0.70.130.930.765.481.150.97
Inventory75.22M65.56M176.99M478.75M433.47M1.02B535.07M
Days Inventory Outstanding9.87.5317.8930.4720.8335.9114.92
Other Current Assets304.95M474.76M651.81M1.76B786.79M1.04B977.24M
Total Non-Current Assets+170.94M3.69B3.35B3.35B1.16B966.36M921.37M
Property, Plant & Equipment67.54M99.22M69.56M173.46M118.6M204.17M284.36M
Fixed Asset Turnover48.29x39.63x69.84x44.85x83.22x63.51x57.42x
Goodwill01.8B1.8B1.8B000
Intangible Assets18.99M1.68B1.37B1.08B544.65M270.63M56.6M
Long-Term Investments71.22M89.3M96.36M241.53M219.58M467.1M556.14M
Other Non-Current Assets13.2M15.64M14.52M57.71M275.74M24.47M24.27M
Total Assets+1.23B4.79B5.23B7.5B5.05B5.49B5.09B
Asset Turnover2.65x0.82x0.93x1.04x1.95x2.36x3.21x
Asset Growth %-2.89%0.09%0.44%-0.33%0.09%-0.07%
Total Current Liabilities+590.7M755.09M1.18B824.66M1.02B1.69B1.31B
Accounts Payable42.7M35.74M27.2M41.31M73.33M532.29M171.36M
Days Payables Outstanding5.564.112.752.633.5218.794.78
Short-Term Debt333.66M361.63M563.08M95M123.98M349.93M225M
Deferred Revenue (Current)0000000
Other Current Liabilities157.41M241.87M477.86M546.62M646.04M629.36M680.95M
Current Ratio1.79x1.45x1.58x5.03x3.81x2.68x3.19x
Quick Ratio1.67x1.36x1.43x4.45x3.38x2.07x2.78x
Cash Conversion Cycle4.933.5616.0728.622.7918.2611.11
Total Non-Current Liabilities+2.5B7.47B9.25B257.64M144.84M90.15M89.18M
Long-Term Debt0032.62M0000
Capital Lease Obligations00034.5M33.52M22.5M79.93M
Deferred Tax Liabilities00341.96M0000
Other Non-Current Liabilities3.47M389.28M8.88B223.14M111.31M67.66M9.24M
Total Liabilities3.09B8.22B10.44B1.08B1.17B1.78B1.4B
Total Debt+333.66M361.63M595.7M165.45M203.93M405.94M354.93M
Net Debt-331.9M-49.15M-322.37M-1.19B-1.5B-1.57B-1.62B
Debt / Equity---0.03x0.05x0.11x0.10x
Debt / EBITDA-----2.53x0.98x
Net Debt / EBITDA------9.81x-4.45x
Interest Coverage-39.24x-59.03x-21.75x-53.35x-425.71x-24.57x1.93x
Total Equity+-1.86B-3.44B-5.21B6.42B3.88B3.71B3.69B
Equity Growth %--0.85%-0.52%2.23%-0.4%-0.04%-0%
Book Value per Share-63.75-122.06-184.9844.4515.8915.2615.24
Total Shareholders' Equity-1.86B-3.44B3.67B6.42B3.88B3.71B3.69B
Common Stock11K11K11K921K921K921K953K
Retained Earnings-1.86B-3.44B-5.21B-6.54B-9.01B-9.16B-9.17B
Treasury Stock0000-217.92M-377.99M-483.81M
Accumulated OCI10K-358K2.08M4.32M-25.71M-16.82M-9.47M
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-358.02M-410.79M-412.87M-1.02B881.3M243.9M642.81M
Operating CF Margin %-0.11%-0.1%-0.08%-0.13%0.09%0.02%0.04%
Operating CF Growth %--0.15%-0.01%-1.47%1.87%-0.72%1.64%
Net Income-207.94M-704.89M-470.62M-816.55M-2.47B-156.25M-8.23M
Depreciation & Amortization38.12M234.67M360.78M373.75M405.41M333.73M267.06M
Stock-Based Compensation000454.55M174.24M134.4M166.74M
Deferred Taxes00056.75M-111.83M00
Other Non-Cash Items-46.45M14.17M67.57M40.16M2.29B188.1M184.5M
Working Capital Changes-141.75M45.26M-370.6M-1.13B595.41M-256.08M32.74M
Change in Receivables-129.71M72.42M-203.31M-870.57M630.79M33.71M-44.28M
Change in Inventory-27.12M9.92M-111.44M-304.38M36.41M-629.44M461.55M
Change in Payables17M-6.97M-8.54M14.11M14.47M458.96M-360.94M
Cash from Investing+-109.27M-304.35M18.63M-670.4M-516.68M172.01M-424.4M
Capital Expenditures-64.28M-103.31M-37.84M-73.92M-61.46M-85.18M0
CapEx % of Revenue0.02%0.03%0.01%0.01%0.01%0.01%0%
Acquisitions-------
Investments-------
Other Investing-13.4M-60.62M50.67M29.61M-1.48M6.47M-424.4M
Cash from Financing+904.02M455.75M929.96M2.29B-186.04M68.7M-307.71M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-53.44M467.78M-1.78M-30.2M2.86M2.82M1.52M
Net Change in Cash-------
Free Cash Flow+-422.31M-514.11M-450.71M-1.09B819.83M158.72M582.95M
FCF Margin %-0.13%-0.13%-0.09%-0.14%0.08%0.01%0.04%
FCF Growth %--0.22%0.12%-1.42%1.75%-0.81%2.67%
FCF per Share-14.51-18.25-16.00-7.563.360.652.40
FCF Conversion (FCF/Net Income)1.72x0.58x0.88x1.25x-0.36x-1.56x-78.11x
Interest Paid0000000
Taxes Paid0000000

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)----135.1%-47.91%-4.12%-0.22%
Return on Invested Capital (ROIC)----12.84%-51.7%-5.75%1.03%
Gross Margin14.11%19.21%25.68%26.28%23.03%20.26%19.85%
Net Margin-6.38%-17.93%-9.69%-10.5%-25.01%-1.21%-0.05%
Debt / Equity---0.03x0.05x0.11x0.10x
Interest Coverage-39.24x-59.03x-21.75x-53.35x-425.71x-24.57x1.93x
FCF Conversion1.72x0.58x0.88x1.25x-0.36x-1.56x-78.11x
Revenue Growth-20.55%23.56%60.15%26.85%31.37%25.93%

Revenue by Segment

2021202220232024
Product-8.68B11.66B14.84B
Product Growth--34.36%27.33%
Service-1.19B1.31B1.48B
Service Growth--9.62%13.50%
Online Product6.22B---
Online Product Growth----

Revenue by Geography

2021202220232024
Mainland China-8.01B10.78B14.38B
Mainland China Growth--34.49%33.44%
HONG KONG-659.28M827.18M424.27M
HONG KONG Growth--25.47%-48.71%
Other30.03M2.9M52.52M36.83M
Other Growth--90.34%1711.10%-29.88%

Frequently Asked Questions

Growth & Financials

ATRenew Inc. (RERE) reported $18.54B in revenue for fiscal year 2024. This represents a 468% increase from $3.26B in 2018.

ATRenew Inc. (RERE) grew revenue by 25.9% over the past year. This is strong growth.

Yes, ATRenew Inc. (RERE) is profitable, generating $210.4M in net income for fiscal year 2024 (-0.1% net margin).

Dividend & Returns

ATRenew Inc. (RERE) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

ATRenew Inc. (RERE) generated $583.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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