TCTM Kids IT Education Inc ADR (VSA) 10-Year Financial Performance & Capital Metrics

VSA • • Industrial / General

Consumer DefensiveEducation & TrainingK-12 Education ServicesOnline K-12 Education

AboutTCTM Kids IT Education Inc., through its subsidiaries, engages in the provision of IT-focused education services in Mainland China. It offers supplementary science, technology, engineering, and mathematics (STEM) education programs to young children aged between three and eighteen through online teaching models and instructors from online or offline learning centers. The company also operates an education platform that offers distance instruction, classroom-based learning, and online learning modules. In addition, it operates 61it.cn, an online platform to facilitate the live instruction of STEM education courses; and Tongcheng Online App. The company was formerly known as Tarena International, Inc. and changed its name to TCTM Kids IT Education Inc. in February 2024. TCTM Kids IT Education Inc. was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.Show more

Revenue $1.17B -14.9%
EBITDA -$378M -307.8%
Net Income -$587M -6671.2%
EPS (Diluted) -53.00 -6894.9%
Gross Margin 36.19% -20.3%
EBITDA Margin -32.24% -344.1%
Operating Margin -43.25% -4521.6%
Net Margin -50.1% -7817.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -6491.95

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓Efficient asset utilization: 11.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.6% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.41%

5Y-10.61%

3Y-1.8%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-68.3%

5Y Avg-

3Y Avg-

Latest-

Peer Comparison

Online K-12 Education

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LRNStride, Inc.	3.06B	69.79	11.73	17.9%	12.76%	20.68%	14.08%	0.37
KIDZWClassover Holdings, Inc. Warrants	273.12K	0.02	-0.01	-100%	-53.21%	-36.46%
VSATCTM Kids IT Education Inc ADR	2.84M	2.62	-0.05	-14.86%	-50.1%
RYETRuanyun Edai Technology Inc. Ordinary shares	42.08M	1.23		-26.97%	-5.93%
KIDZClassover Holdings, Inc. Class B Common Stock	4.94M	0.20		-100%	-53.21%	-36.46%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.52B	1.75B	2.09B	2.05B	1.9B	1.24B	1.4B	1.38B	1.17B
Revenue Growth %	0.41%	0.29%	0.15%	0.19%	-0.02%	-0.07%	-0.35%	0.13%	-0.02%	-0.15%
Cost of Goods Sold+	333.56M	443.47M	592.95M	918.55M	1.17B	1.07B	795.67M	728.42M	750.84M	747.16M
COGS % of Revenue	0.28%	0.29%	0.34%	0.44%	0.57%	0.56%	0.64%	0.52%	0.55%	0.64%
Gross Profit+	844.45M	1.08B	1.16B	1.17B	877.52M	831.04M	440.6M	671.43M	624.35M	423.7M
Gross Margin %	0.72%	0.71%	0.66%	0.56%	0.43%	0.44%	0.36%	0.48%	0.45%	0.36%
Gross Profit Growth %	0.41%	0.27%	0.08%	0.01%	-0.25%	-0.05%	-0.47%	0.52%	-0.07%	-0.32%
Operating Expenses+	686.77M	854.12M	1.16B	1.76B	1.98B	1.64B	837.25M	697.78M	610.9M	930.07M
OpEx % of Revenue	0.58%	0.56%	0.66%	0.84%	0.96%	0.86%	0.68%	0.5%	0.44%	0.79%
Selling, General & Admin	636.25M	788.52M	1.06B	1.59B	1.84B	1.54B	796.94M	677.53M	599.25M	910.97M
SG&A % of Revenue	0.54%	0.52%	0.61%	0.76%	0.9%	0.81%	0.64%	0.48%	0.44%	0.78%
Research & Development	50.52M	65.59M	100.03M	167.25M	132.67M	100.47M	40.31M	20.25M	11.65M	19.1M
R&D % of Revenue	0.04%	0.04%	0.06%	0.08%	0.06%	0.05%	0.03%	0.01%	0.01%	0.02%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	157.68M	222.45M	-1.27M	-594.63M	-1.1B	-806.38M	-396.65M	-26.35M	13.45M	-506.37M
Operating Margin %	0.13%	0.15%	-0%	-0.29%	-0.54%	-0.42%	-0.32%	-0.02%	0.01%	-0.43%
Operating Income Growth %	0.34%	0.41%	-1.01%	-466.48%	-0.85%	0.27%	0.51%	0.93%	1.51%	-38.65%
EBITDA+	212.66M	296.09M	99.49M	-435.88M	-685.04M	-458.88M	-175.35M	178.23M	181.63M	-377.5M
EBITDA Margin %	0.18%	0.19%	0.06%	-0.21%	-0.33%	-0.24%	-0.14%	0.13%	0.13%	-0.32%
EBITDA Growth %	0.32%	0.39%	-0.66%	-5.38%	-0.57%	0.33%	0.62%	2.02%	0.02%	-3.08%
D&A (Non-Cash Add-back)	54.98M	73.64M	100.76M	158.76M	413.12M	347.5M	221.29M	204.58M	168.18M	128.87M
EBIT	157.68M	222.45M	-1.27M	-594.63M	-1.1B	-806.38M	-396.65M	-26.35M	13.45M	-506.37M
Net Interest Income+	42.73M	25.07M	16.1M	26.2M	15.86M	-199K	2.61M	1.96M	1.09M	-78K
Interest Income	42.73M	25.07M	16.1M	26.2M	15.86M	0	2.61M	1.96M	1.09M	0
Interest Expense	0	0	0	0	0	199K	0	0	0	78K
Other Income/Expense	25.05M	31.89M	26.52M	-2.43M	17.72M	153K	3.81M	9.79M	911K	2.44M
Pretax Income+	182.73M	254.34M	25.24M	-597.06M	-1.08B	-806.23M	-392.84M	-16.57M	14.36M	-503.94M
Pretax Margin %	0.16%	0.17%	0.01%	-0.29%	-0.53%	-0.42%	-0.32%	-0.01%	0.01%	-0.43%
Income Tax+	3.97M	28.22M	25.39M	-4.87M	-41.56M	-35.03M	116.45M	-14.5M	-7.97M	31.49M
Effective Tax Rate %	0.98%	0.89%	-0.01%	0.99%	0.96%	0.95%	1.21%	-5.04%	0.62%	1.16%
Net Income+	178.76M	226.12M	-147K	-590.17M	-1.04B	-766.64M	-474.55M	83.52M	8.93M	-586.54M
Net Margin %	0.15%	0.15%	-0%	-0.28%	-0.51%	-0.4%	-0.38%	0.06%	0.01%	-0.5%
Net Income Growth %	0.18%	0.26%	-1%	-4013.79%	-0.76%	0.26%	0.38%	1.18%	-0.89%	-66.71%
Net Income (Continuing)	178.76M	226.12M	-147K	-592.2M	-1.04B	-771.19M	-509.29M	-2.06M	22.33M	-535.43M
Discontinued Operations	0	0	0	0	0	0	33.51M	87.3M	-11.98M	-51.67M
Minority Interest	0	0	0	-975K	-3.02M	-7.27M	-8.5M	-6.79M	-3.57M	-737K
EPS (Diluted)+	15.90	20.50	15.50	-54.25	-97.05	-70.55	-42.15	7.23	0.78	-53.00
EPS Growth %	0.19%	0.29%	-0.24%	-4.5%	-0.79%	0.27%	0.4%	1.17%	-0.89%	-68.95%
EPS (Basic)	17.20	21.75	16.25	-54.25	-97.05	-70.55	-42.15	7.64	0.83	-54.44
Diluted Shares Outstanding	11.75M	11.8M	11.92M	10.99M	10.68M	10.87M	11.25M	11.55M	11.07M	11.07M
Basic Shares Outstanding	10.75M	11.11M	11.37M	10.99M	10.68M	10.87M	11.25M	10.93M	10.77M	10.77M
Dividend Payout Ratio	-	0.24%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.33B	1.45B	1.33B	925.57M	801.25M	536.25M	619.33M	667.55M	560.6M	56.21M
Cash & Short-Term Investments	963.82M	1.23B	1.12B	689.57M	620.78M	326.44M	430.02M	198.53M	220.99M	15.3M
Cash Only	513.94M	810.67M	686.69M	530.98M	537.7M	320.18M	423.77M	198.53M	220.69M	15.3M
Short-Term Investments	449.88M	416.72M	432.54M	158.59M	83.08M	6.26M	6.26M	0	300K	0
Accounts Receivable	160.77M	108.29M	83.78M	90.18M	68.09M	53.52M	49.3M	92K	44K	-43.14M
Days Sales Outstanding	49.81	26	17.44	15.78	12.11	10.29	14.55	0.02	0.01	-
Inventory	0	0	0	1.77M	5.33M	4.63M	5.87M	0	0	10.47M
Days Inventory Outstanding	-	-	-	0.7	1.66	1.58	2.69	-	-	5.12
Other Current Assets	155.84M	12.08M	27.22M	32.12M	27.43M	66.13M	72.95M	468.93M	339.56M	33.97M
Total Non-Current Assets+	326.97M	634.15M	684.91M	952.47M	1.71B	1.42B	1.02B	669.95M	457.65M	44.41M
Property, Plant & Equipment	127.86M	437.34M	547.03M	687.59M	1.42B	1.11B	852.35M	353.57M	328.64M	21.59M
Fixed Asset Turnover	9.21x	3.48x	3.21x	3.03x	1.44x	1.71x	1.45x	3.96x	4.18x	54.23x
Goodwill	0	3.37M	3.37M	52.78M	52.78M	52.78M	52.78M	49.42M	49.42M	0
Intangible Assets	0	0	4.75M	19.05M	17.67M	13.44M	9.91M	7.03M	5.29M	0
Long-Term Investments	138.23M	100.43M	77.67M	60.17M	68.18M	67.59M	46.57M	46.29M	41.86M	22.82M
Other Non-Current Assets	60.88M	93.03M	46.47M	79.13M	52.13M	33.95M	19.84M	195.01M	3.97M	0
Total Assets+	1.65B	2.09B	2.02B	1.88B	2.51B	1.96B	1.64B	1.34B	1.02B	100.62M
Asset Turnover	0.71x	0.73x	0.87x	1.11x	0.82x	0.97x	0.75x	1.05x	1.35x	11.64x
Asset Growth %	0.22%	0.26%	-0.03%	-0.07%	0.34%	-0.22%	-0.16%	-0.19%	-0.24%	-0.9%
Total Current Liabilities+	305.94M	479.75M	744.59M	1.3B	2.37B	2.67B	2.94B	2.66B	2.41B	1.81B
Accounts Payable	4.41M	4.5M	11.35M	18.53M	16.56M	10.29M	8.91M	5.26M	4.99M	5.97M
Days Payables Outstanding	4.83	3.71	6.99	7.36	5.15	3.52	4.09	2.64	2.42	2.92
Short-Term Debt	0	0	0	13.73M	89.16M	10.71M	30M	30M	0	26.29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.09M	28.36M	108.3M	84.79M	114.16M	111.93M	200.45M	894.29M	759.96M	184.48M
Current Ratio	4.34x	3.02x	1.79x	0.71x	0.34x	0.20x	0.21x	0.25x	0.23x	0.03x
Quick Ratio	4.34x	3.02x	1.79x	0.71x	0.34x	0.20x	0.21x	0.25x	0.23x	0.03x
Cash Conversion Cycle	-	-	-	9.13	8.62	8.35	13.16	-	-	-
Total Non-Current Liabilities+	9.33M	7.04M	4.33M	5.98M	545.75M	429.39M	294.12M	187.24M	108.24M	91.41M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	508.81M	406.25M	272.57M	109.11M	107.8M	91.41M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	9.33M	7.04M	4.33M	5.98M	5.4M	5.08M	4.77M	64.07M	433K	0
Total Liabilities	315.28M	486.79M	748.92M	1.31B	2.92B	3.1B	3.23B	2.84B	2.52B	1.9B
Total Debt+	0	0	0	13.73M	839.68M	616.04M	542.51M	287.69M	219.64M	223.2M
Net Debt	-513.94M	-810.67M	-686.69M	-517.26M	301.98M	295.87M	118.75M	89.17M	-1.04M	207.9M
Debt / Equity	-	-	-	0.02x	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	1.61x	1.21x	-
Net Debt / EBITDA	-2.42x	-2.74x	-6.90x	-	-	-	-	0.50x	-0.01x	-
Interest Coverage	-	-	-	-	-	-4052.16x	-	-	-	-6491.95x
Total Equity+	1.34B	1.6B	1.27B	571.64M	-403.06M	-1.14B	-1.59B	-1.51B	-1.5B	-1.8B
Equity Growth %	0.18%	0.19%	-0.21%	-0.55%	-1.71%	-1.83%	-0.4%	0.05%	0%	-0.2%
Book Value per Share	113.92	135.43	106.50	52.03	-37.75	-104.83	-141.52	-130.49	-135.66	-162.97
Total Shareholders' Equity	1.34B	1.6B	1.27B	572.62M	-400.05M	-1.13B	-1.58B	-1.5B	-1.5B	-1.8B
Common Stock	374K	388K	401K	405K	411K	423K	429K	433K	438K	444K
Retained Earnings	450.35M	638.17M	389.97M	-243.16M	-1.28B	-2.05B	-2.52B	-2.44B	-2.43B	-3.01B
Treasury Stock	-49.35M	-93.76M	-255.1M	-457.17M	-457.17M	-459.81M	-459.81M	-476.92M	-479.35M	-486.71M
Accumulated OCI	30.23M	58.2M	39.37M	50.47M	51.39M	49.12M	48.7M	49.66M	48.22M	54.27M
Minority Interest	0	0	0	-975K	-3.02M	-7.27M	-8.5M	-6.79M	-3.57M	-737K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	347.7M	496.05M	301.7M	163.08M	-31.73M	-108.82M	8.61M	-27.53M	-118.94M	-121.45M
Operating CF Margin %	0.3%	0.33%	0.17%	0.08%	-0.02%	-0.06%	0.01%	-0.02%	-0.09%	-0.1%
Operating CF Growth %	0.98%	0.43%	-0.39%	-0.46%	-1.19%	-2.43%	1.08%	-4.2%	-3.32%	-0.02%
Net Income	178.76M	226.12M	-147K	-592.2M	-1.04B	-771.19M	-509.29M	-2.06M	22.33M	-535.43M
Depreciation & Amortization	54.98M	73.64M	100.76M	158.76M	413.12M	347.5M	221.29M	204.58M	168.18M	128.87M
Stock-Based Compensation	32.92M	67.82M	77.42M	124.25M	59.17M	36.25M	14.11M	11.38M	2.74M	1.34M
Deferred Taxes	-21.61M	-1.55M	-1.17M	-46.59M	-46.04M	-42.43M	115.79M	-18.3M	-9.84M	28.04M
Other Non-Cash Items	93.1M	-33.18M	17.06M	33.87M	7.73M	22.13M	79M	-29.81M	-133.88M	378.05M
Working Capital Changes	9.55M	163.19M	107.78M	485M	573.16M	298.93M	87.7M	-193.32M	-168.47M	-122.33M
Change in Receivables	-66.9M	241K	-32.43M	3M	17.59M	-8.03M	-708K	45K	29K	11.35M
Change in Inventory	0	0	0	-971K	-3.55M	699K	0	0	0	0
Change in Payables	533K	-248K	-196K	-390K	55K	821K	-283K	1.08M	-531K	7.16M
Cash from Investing+	-72.31M	-128.47M	-236.54M	-91.98M	-51.22M	-657K	33.69M	-22.71M	72.05M	-91.04M
Capital Expenditures	-99.96M	-383.68M	-176.82M	-276.25M	-161.28M	-79.41M	-46.91M	-29.4M	-34.71M	-65.55M
CapEx % of Revenue	0.08%	0.25%	0.1%	0.13%	0.08%	0.04%	0.04%	0.02%	0.03%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.42M	-15.04M	-24.06M	-34.06M	35M	5.52M	80.61M	6.69M	107.05M	-25.79M
Cash from Financing+	-26.9M	-78.04M	-184.22M	-222.68M	74.4M	-68.3M	23.24M	-2.1M	-35.78M	10.84M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-54.03M	-63.09M	-42.95M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	22.46M	20.39M	22.25M	4M	4.08M	3.65M	3.95M	15M	-3.35M	-8.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	247.74M	112.37M	124.89M	-113.17M	-193M	-188.24M	-38.3M	-56.93M	-153.64M	-187.01M
FCF Margin %	0.21%	0.07%	0.07%	-0.05%	-0.09%	-0.1%	-0.03%	-0.04%	-0.11%	-0.16%
FCF Growth %	0.95%	-0.55%	0.11%	-1.91%	-0.71%	0.02%	0.8%	-0.49%	-1.7%	-0.22%
FCF per Share	21.08	9.52	10.48	-10.30	-18.08	-17.32	-3.40	-4.93	-13.88	-16.90
FCF Conversion (FCF/Net Income)	1.95x	2.19x	-2052.41x	-0.28x	0.03x	0.14x	-0.02x	-0.33x	-13.32x	0.21x
Interest Paid	0	0	166K	163K	419K	4.95M	463K	1.34M	626K	473K
Taxes Paid	2.25M	2.72M	9.62M	37.22M	6.65M	615K	0	45K	229K	837K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.46%	15.4%	-0.01%	-64.11%	-1229.2%	-	-	-	-	-
Return on Invested Capital (ROIC)	13.96%	20.7%	-0.14%	-139.98%	-	-	-	-	-	-
Gross Margin	71.68%	70.83%	66.19%	55.95%	42.78%	43.79%	35.64%	47.96%	45.4%	36.19%
Net Margin	15.17%	14.88%	-0.01%	-28.3%	-50.51%	-40.39%	-38.39%	5.97%	0.65%	-50.1%
Debt / Equity	-	-	-	0.02x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-4052.16x	-	-	-	-6491.95x
FCF Conversion	1.95x	2.19x	-2052.41x	-0.28x	0.03x	0.14x	-0.02x	-0.33x	-13.32x	0.21x
Revenue Growth	40.75%	29.03%	15.37%	18.91%	-1.63%	-7.48%	-34.86%	13.23%	-1.76%	-14.86%

Frequently Asked Questions

Growth & Financials

TCTM Kids IT Education Inc ADR (VSA) reported $1.17B in revenue for fiscal year 2024. This represents a 230% increase from $354.7M in 2012.

TCTM Kids IT Education Inc ADR (VSA) saw revenue decline by 14.9% over the past year.

TCTM Kids IT Education Inc ADR (VSA) reported a net loss of $586.5M for fiscal year 2024.

Dividend & Returns

TCTM Kids IT Education Inc ADR (VSA) had negative free cash flow of $187.0M in fiscal year 2024, likely due to heavy capital investments.

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TCTM Kids IT Education Inc ADR (VSA) 10-Year Financial Performance & Capital Metrics

VSA • • Industrial / General

Consumer DefensiveEducation & TrainingK-12 Education ServicesOnline K-12 Education

Revenue $1.17B -14.9%
EBITDA -$378M -307.8%
Net Income -$587M -6671.2%
EPS (Diluted) -53.00 -6894.9%
Gross Margin 36.19% -20.3%
EBITDA Margin -32.24% -344.1%
Operating Margin -43.25% -4521.6%
Net Margin -50.1% -7817.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -6491.95

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓Efficient asset utilization: 11.6x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 10.6% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y3.41%

5Y-10.61%

3Y-1.8%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-68.3%

5Y Avg-

3Y Avg-

Latest-

Peer Comparison

Online K-12 Education

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LRNStride, Inc.	3.06B	69.79	11.73	17.9%	12.76%	20.68%	14.08%	0.37
KIDZWClassover Holdings, Inc. Warrants	273.12K	0.02	-0.01	-100%	-53.21%	-36.46%
VSATCTM Kids IT Education Inc ADR	2.84M	2.62	-0.05	-14.86%	-50.1%
RYETRuanyun Edai Technology Inc. Ordinary shares	42.08M	1.23		-26.97%	-5.93%
KIDZClassover Holdings, Inc. Class B Common Stock	4.94M	0.20		-100%	-53.21%	-36.46%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.52B	1.75B	2.09B	2.05B	1.9B	1.24B	1.4B	1.38B	1.17B
Revenue Growth %	0.41%	0.29%	0.15%	0.19%	-0.02%	-0.07%	-0.35%	0.13%	-0.02%	-0.15%
Cost of Goods Sold+	333.56M	443.47M	592.95M	918.55M	1.17B	1.07B	795.67M	728.42M	750.84M	747.16M
COGS % of Revenue	0.28%	0.29%	0.34%	0.44%	0.57%	0.56%	0.64%	0.52%	0.55%	0.64%
Gross Profit+	844.45M	1.08B	1.16B	1.17B	877.52M	831.04M	440.6M	671.43M	624.35M	423.7M
Gross Margin %	0.72%	0.71%	0.66%	0.56%	0.43%	0.44%	0.36%	0.48%	0.45%	0.36%
Gross Profit Growth %	0.41%	0.27%	0.08%	0.01%	-0.25%	-0.05%	-0.47%	0.52%	-0.07%	-0.32%
Operating Expenses+	686.77M	854.12M	1.16B	1.76B	1.98B	1.64B	837.25M	697.78M	610.9M	930.07M
OpEx % of Revenue	0.58%	0.56%	0.66%	0.84%	0.96%	0.86%	0.68%	0.5%	0.44%	0.79%
Selling, General & Admin	636.25M	788.52M	1.06B	1.59B	1.84B	1.54B	796.94M	677.53M	599.25M	910.97M
SG&A % of Revenue	0.54%	0.52%	0.61%	0.76%	0.9%	0.81%	0.64%	0.48%	0.44%	0.78%
Research & Development	50.52M	65.59M	100.03M	167.25M	132.67M	100.47M	40.31M	20.25M	11.65M	19.1M
R&D % of Revenue	0.04%	0.04%	0.06%	0.08%	0.06%	0.05%	0.03%	0.01%	0.01%	0.02%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	157.68M	222.45M	-1.27M	-594.63M	-1.1B	-806.38M	-396.65M	-26.35M	13.45M	-506.37M
Operating Margin %	0.13%	0.15%	-0%	-0.29%	-0.54%	-0.42%	-0.32%	-0.02%	0.01%	-0.43%
Operating Income Growth %	0.34%	0.41%	-1.01%	-466.48%	-0.85%	0.27%	0.51%	0.93%	1.51%	-38.65%
EBITDA+	212.66M	296.09M	99.49M	-435.88M	-685.04M	-458.88M	-175.35M	178.23M	181.63M	-377.5M
EBITDA Margin %	0.18%	0.19%	0.06%	-0.21%	-0.33%	-0.24%	-0.14%	0.13%	0.13%	-0.32%
EBITDA Growth %	0.32%	0.39%	-0.66%	-5.38%	-0.57%	0.33%	0.62%	2.02%	0.02%	-3.08%
D&A (Non-Cash Add-back)	54.98M	73.64M	100.76M	158.76M	413.12M	347.5M	221.29M	204.58M	168.18M	128.87M
EBIT	157.68M	222.45M	-1.27M	-594.63M	-1.1B	-806.38M	-396.65M	-26.35M	13.45M	-506.37M
Net Interest Income+	42.73M	25.07M	16.1M	26.2M	15.86M	-199K	2.61M	1.96M	1.09M	-78K
Interest Income	42.73M	25.07M	16.1M	26.2M	15.86M	0	2.61M	1.96M	1.09M	0
Interest Expense	0	0	0	0	0	199K	0	0	0	78K
Other Income/Expense	25.05M	31.89M	26.52M	-2.43M	17.72M	153K	3.81M	9.79M	911K	2.44M
Pretax Income+	182.73M	254.34M	25.24M	-597.06M	-1.08B	-806.23M	-392.84M	-16.57M	14.36M	-503.94M
Pretax Margin %	0.16%	0.17%	0.01%	-0.29%	-0.53%	-0.42%	-0.32%	-0.01%	0.01%	-0.43%
Income Tax+	3.97M	28.22M	25.39M	-4.87M	-41.56M	-35.03M	116.45M	-14.5M	-7.97M	31.49M
Effective Tax Rate %	0.98%	0.89%	-0.01%	0.99%	0.96%	0.95%	1.21%	-5.04%	0.62%	1.16%
Net Income+	178.76M	226.12M	-147K	-590.17M	-1.04B	-766.64M	-474.55M	83.52M	8.93M	-586.54M
Net Margin %	0.15%	0.15%	-0%	-0.28%	-0.51%	-0.4%	-0.38%	0.06%	0.01%	-0.5%
Net Income Growth %	0.18%	0.26%	-1%	-4013.79%	-0.76%	0.26%	0.38%	1.18%	-0.89%	-66.71%
Net Income (Continuing)	178.76M	226.12M	-147K	-592.2M	-1.04B	-771.19M	-509.29M	-2.06M	22.33M	-535.43M
Discontinued Operations	0	0	0	0	0	0	33.51M	87.3M	-11.98M	-51.67M
Minority Interest	0	0	0	-975K	-3.02M	-7.27M	-8.5M	-6.79M	-3.57M	-737K
EPS (Diluted)+	15.90	20.50	15.50	-54.25	-97.05	-70.55	-42.15	7.23	0.78	-53.00
EPS Growth %	0.19%	0.29%	-0.24%	-4.5%	-0.79%	0.27%	0.4%	1.17%	-0.89%	-68.95%
EPS (Basic)	17.20	21.75	16.25	-54.25	-97.05	-70.55	-42.15	7.64	0.83	-54.44
Diluted Shares Outstanding	11.75M	11.8M	11.92M	10.99M	10.68M	10.87M	11.25M	11.55M	11.07M	11.07M
Basic Shares Outstanding	10.75M	11.11M	11.37M	10.99M	10.68M	10.87M	11.25M	10.93M	10.77M	10.77M
Dividend Payout Ratio	-	0.24%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.33B	1.45B	1.33B	925.57M	801.25M	536.25M	619.33M	667.55M	560.6M	56.21M
Cash & Short-Term Investments	963.82M	1.23B	1.12B	689.57M	620.78M	326.44M	430.02M	198.53M	220.99M	15.3M
Cash Only	513.94M	810.67M	686.69M	530.98M	537.7M	320.18M	423.77M	198.53M	220.69M	15.3M
Short-Term Investments	449.88M	416.72M	432.54M	158.59M	83.08M	6.26M	6.26M	0	300K	0
Accounts Receivable	160.77M	108.29M	83.78M	90.18M	68.09M	53.52M	49.3M	92K	44K	-43.14M
Days Sales Outstanding	49.81	26	17.44	15.78	12.11	10.29	14.55	0.02	0.01	-
Inventory	0	0	0	1.77M	5.33M	4.63M	5.87M	0	0	10.47M
Days Inventory Outstanding	-	-	-	0.7	1.66	1.58	2.69	-	-	5.12
Other Current Assets	155.84M	12.08M	27.22M	32.12M	27.43M	66.13M	72.95M	468.93M	339.56M	33.97M
Total Non-Current Assets+	326.97M	634.15M	684.91M	952.47M	1.71B	1.42B	1.02B	669.95M	457.65M	44.41M
Property, Plant & Equipment	127.86M	437.34M	547.03M	687.59M	1.42B	1.11B	852.35M	353.57M	328.64M	21.59M
Fixed Asset Turnover	9.21x	3.48x	3.21x	3.03x	1.44x	1.71x	1.45x	3.96x	4.18x	54.23x
Goodwill	0	3.37M	3.37M	52.78M	52.78M	52.78M	52.78M	49.42M	49.42M	0
Intangible Assets	0	0	4.75M	19.05M	17.67M	13.44M	9.91M	7.03M	5.29M	0
Long-Term Investments	138.23M	100.43M	77.67M	60.17M	68.18M	67.59M	46.57M	46.29M	41.86M	22.82M
Other Non-Current Assets	60.88M	93.03M	46.47M	79.13M	52.13M	33.95M	19.84M	195.01M	3.97M	0
Total Assets+	1.65B	2.09B	2.02B	1.88B	2.51B	1.96B	1.64B	1.34B	1.02B	100.62M
Asset Turnover	0.71x	0.73x	0.87x	1.11x	0.82x	0.97x	0.75x	1.05x	1.35x	11.64x
Asset Growth %	0.22%	0.26%	-0.03%	-0.07%	0.34%	-0.22%	-0.16%	-0.19%	-0.24%	-0.9%
Total Current Liabilities+	305.94M	479.75M	744.59M	1.3B	2.37B	2.67B	2.94B	2.66B	2.41B	1.81B
Accounts Payable	4.41M	4.5M	11.35M	18.53M	16.56M	10.29M	8.91M	5.26M	4.99M	5.97M
Days Payables Outstanding	4.83	3.71	6.99	7.36	5.15	3.52	4.09	2.64	2.42	2.92
Short-Term Debt	0	0	0	13.73M	89.16M	10.71M	30M	30M	0	26.29M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.09M	28.36M	108.3M	84.79M	114.16M	111.93M	200.45M	894.29M	759.96M	184.48M
Current Ratio	4.34x	3.02x	1.79x	0.71x	0.34x	0.20x	0.21x	0.25x	0.23x	0.03x
Quick Ratio	4.34x	3.02x	1.79x	0.71x	0.34x	0.20x	0.21x	0.25x	0.23x	0.03x
Cash Conversion Cycle	-	-	-	9.13	8.62	8.35	13.16	-	-	-
Total Non-Current Liabilities+	9.33M	7.04M	4.33M	5.98M	545.75M	429.39M	294.12M	187.24M	108.24M	91.41M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	508.81M	406.25M	272.57M	109.11M	107.8M	91.41M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	9.33M	7.04M	4.33M	5.98M	5.4M	5.08M	4.77M	64.07M	433K	0
Total Liabilities	315.28M	486.79M	748.92M	1.31B	2.92B	3.1B	3.23B	2.84B	2.52B	1.9B
Total Debt+	0	0	0	13.73M	839.68M	616.04M	542.51M	287.69M	219.64M	223.2M
Net Debt	-513.94M	-810.67M	-686.69M	-517.26M	301.98M	295.87M	118.75M	89.17M	-1.04M	207.9M
Debt / Equity	-	-	-	0.02x	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	1.61x	1.21x	-
Net Debt / EBITDA	-2.42x	-2.74x	-6.90x	-	-	-	-	0.50x	-0.01x	-
Interest Coverage	-	-	-	-	-	-4052.16x	-	-	-	-6491.95x
Total Equity+	1.34B	1.6B	1.27B	571.64M	-403.06M	-1.14B	-1.59B	-1.51B	-1.5B	-1.8B
Equity Growth %	0.18%	0.19%	-0.21%	-0.55%	-1.71%	-1.83%	-0.4%	0.05%	0%	-0.2%
Book Value per Share	113.92	135.43	106.50	52.03	-37.75	-104.83	-141.52	-130.49	-135.66	-162.97
Total Shareholders' Equity	1.34B	1.6B	1.27B	572.62M	-400.05M	-1.13B	-1.58B	-1.5B	-1.5B	-1.8B
Common Stock	374K	388K	401K	405K	411K	423K	429K	433K	438K	444K
Retained Earnings	450.35M	638.17M	389.97M	-243.16M	-1.28B	-2.05B	-2.52B	-2.44B	-2.43B	-3.01B
Treasury Stock	-49.35M	-93.76M	-255.1M	-457.17M	-457.17M	-459.81M	-459.81M	-476.92M	-479.35M	-486.71M
Accumulated OCI	30.23M	58.2M	39.37M	50.47M	51.39M	49.12M	48.7M	49.66M	48.22M	54.27M
Minority Interest	0	0	0	-975K	-3.02M	-7.27M	-8.5M	-6.79M	-3.57M	-737K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	347.7M	496.05M	301.7M	163.08M	-31.73M	-108.82M	8.61M	-27.53M	-118.94M	-121.45M
Operating CF Margin %	0.3%	0.33%	0.17%	0.08%	-0.02%	-0.06%	0.01%	-0.02%	-0.09%	-0.1%
Operating CF Growth %	0.98%	0.43%	-0.39%	-0.46%	-1.19%	-2.43%	1.08%	-4.2%	-3.32%	-0.02%
Net Income	178.76M	226.12M	-147K	-592.2M	-1.04B	-771.19M	-509.29M	-2.06M	22.33M	-535.43M
Depreciation & Amortization	54.98M	73.64M	100.76M	158.76M	413.12M	347.5M	221.29M	204.58M	168.18M	128.87M
Stock-Based Compensation	32.92M	67.82M	77.42M	124.25M	59.17M	36.25M	14.11M	11.38M	2.74M	1.34M
Deferred Taxes	-21.61M	-1.55M	-1.17M	-46.59M	-46.04M	-42.43M	115.79M	-18.3M	-9.84M	28.04M
Other Non-Cash Items	93.1M	-33.18M	17.06M	33.87M	7.73M	22.13M	79M	-29.81M	-133.88M	378.05M
Working Capital Changes	9.55M	163.19M	107.78M	485M	573.16M	298.93M	87.7M	-193.32M	-168.47M	-122.33M
Change in Receivables	-66.9M	241K	-32.43M	3M	17.59M	-8.03M	-708K	45K	29K	11.35M
Change in Inventory	0	0	0	-971K	-3.55M	699K	0	0	0	0
Change in Payables	533K	-248K	-196K	-390K	55K	821K	-283K	1.08M	-531K	7.16M
Cash from Investing+	-72.31M	-128.47M	-236.54M	-91.98M	-51.22M	-657K	33.69M	-22.71M	72.05M	-91.04M
Capital Expenditures	-99.96M	-383.68M	-176.82M	-276.25M	-161.28M	-79.41M	-46.91M	-29.4M	-34.71M	-65.55M
CapEx % of Revenue	0.08%	0.25%	0.1%	0.13%	0.08%	0.04%	0.04%	0.02%	0.03%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.42M	-15.04M	-24.06M	-34.06M	35M	5.52M	80.61M	6.69M	107.05M	-25.79M
Cash from Financing+	-26.9M	-78.04M	-184.22M	-222.68M	74.4M	-68.3M	23.24M	-2.1M	-35.78M	10.84M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-54.03M	-63.09M	-42.95M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	22.46M	20.39M	22.25M	4M	4.08M	3.65M	3.95M	15M	-3.35M	-8.09M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	247.74M	112.37M	124.89M	-113.17M	-193M	-188.24M	-38.3M	-56.93M	-153.64M	-187.01M
FCF Margin %	0.21%	0.07%	0.07%	-0.05%	-0.09%	-0.1%	-0.03%	-0.04%	-0.11%	-0.16%
FCF Growth %	0.95%	-0.55%	0.11%	-1.91%	-0.71%	0.02%	0.8%	-0.49%	-1.7%	-0.22%
FCF per Share	21.08	9.52	10.48	-10.30	-18.08	-17.32	-3.40	-4.93	-13.88	-16.90
FCF Conversion (FCF/Net Income)	1.95x	2.19x	-2052.41x	-0.28x	0.03x	0.14x	-0.02x	-0.33x	-13.32x	0.21x
Interest Paid	0	0	166K	163K	419K	4.95M	463K	1.34M	626K	473K
Taxes Paid	2.25M	2.72M	9.62M	37.22M	6.65M	615K	0	45K	229K	837K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.46%	15.4%	-0.01%	-64.11%	-1229.2%	-	-	-	-	-
Return on Invested Capital (ROIC)	13.96%	20.7%	-0.14%	-139.98%	-	-	-	-	-	-
Gross Margin	71.68%	70.83%	66.19%	55.95%	42.78%	43.79%	35.64%	47.96%	45.4%	36.19%
Net Margin	15.17%	14.88%	-0.01%	-28.3%	-50.51%	-40.39%	-38.39%	5.97%	0.65%	-50.1%
Debt / Equity	-	-	-	0.02x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-4052.16x	-	-	-	-6491.95x
FCF Conversion	1.95x	2.19x	-2052.41x	-0.28x	0.03x	0.14x	-0.02x	-0.33x	-13.32x	0.21x
Revenue Growth	40.75%	29.03%	15.37%	18.91%	-1.63%	-7.48%	-34.86%	13.23%	-1.76%	-14.86%

Frequently Asked Questions

Growth & Financials

TCTM Kids IT Education Inc ADR (VSA) reported $1.17B in revenue for fiscal year 2024. This represents a 230% increase from $354.7M in 2012.

TCTM Kids IT Education Inc ADR (VSA) saw revenue decline by 14.9% over the past year.

TCTM Kids IT Education Inc ADR (VSA) reported a net loss of $586.5M for fiscal year 2024.

Dividend & Returns

TCTM Kids IT Education Inc ADR (VSA) had negative free cash flow of $187.0M in fiscal year 2024, likely due to heavy capital investments.