Baozun Inc. (BZUN) 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 | Q2'20 | Q4'19 | Q4'18 |
|---|
| Total Current Assets | 6.81B | 6.77B | 6.63B | 6.74B | 7.21B | 6.96B | 6.88B | 6.79B | 7.28B | 6.8B | 7.02B | 6.81B | 7.29B | 6.68B | 9.19B | 9.14B | 8.28B | 5.54B | 5.63B | 3.26B |
| Cash & Short-Term Investments | 2.8B | 2.53B | 2.56B | 2.52B | 2.92B | 2.65B | 2.85B | 2.95B | 3.07B | 2.93B | 3.2B | 2.9B | 3.1B | 2.92B | 4.69B | 5.17B | 4.68B | 2.48B | 2.35B | 570.73M |
| Cash Only | 1.05B | 1.13B | 1.19B | 1.42B | 1.64B | 1.39B | 1.7B | 2.3B | 2.35B | 2.21B | 1.74B | 1.6B | 2.21B | 2.32B | 4.69B | 3.72B | 4.26B | 1.76B | 1.51B | 514.12M |
| Short-Term Investments | 1.75B | 1.41B | 1.37B | 1.11B | 1.27B | 1.26B | 1.16B | 647.47M | 719.7M | 718.61M | 1.46B | 1.31B | 882.58M | 604.25M | 0 | 1.45B | 416.79M | 722.69M | 835.01M | 56.61M |
| Accounts Receivable | 2.18B | 1.97B | 2.38B | 2.02B | 2.41B | 1.87B | 1.9B | 1.8B | 2.66B | 1.74B | 1.91B | 1.91B | 2.73B | 2.04B | 2.72B | 2.56B | 1.63B | 1.58B | 1.8B | 1.62B |
| Days Sales Outstanding | 60.23 | 92.8 | 78.41 | 96.7 | 65.74 | 84.16 | 70.39 | 102.61 | 72.8 | 91.86 | 74.87 | 110.69 | 86 | 124.9 | 303.99 | 57.66 | 80.73 | 71.58 | 223.96 | 233.58 |
| Inventory | 1.25B | 1.12B | 955.96M | 1.54B | 1.52B | 1.75B | 1.44B | 1.35B | 1.35B | 1.54B | 1.3B | 1.37B | 1.3B | 1.2B | 1.6B | 1.31B | 1.48B | 1.1B | 1.1B | 817.54M |
| Days Inventory Outstanding | 74.02 | 92.91 | 86.05 | 128.38 | 97.47 | 135.49 | 99.47 | 119.07 | 88.51 | 130.41 | 91.26 | 111.9 | 80.2 | 128.99 | 264.99 | 59.91 | 108.5 | 74.39 | 203.12 | 205.16 |
| Other Current Assets | 582.7M | 907.32M | 166.34M | 656.24M | 158.94M | 695.56M | 689.48M | 689.02M | 93.37M | 592.43M | 608.81M | 626.94M | 83.69M | 518.99M | 65.88M | 35.36M | 491.6M | 377.08M | 383.57M | 221.14M |
| Total Non-Current Assets | 2.89B | 3.02B | 3B | 3B | 2.99B | 3.05B | 3.06B | 3.05B | 3.18B | 3.2B | 3.23B | 3.14B | 2.69B | 2.77B | 3.11B | 1.31B | 1.43B | 1.34B | 1.39B | 764.45M |
| Property, Plant & Equipment | 1.41B | 1.51B | 1.47B | 1.53B | 1.59B | 1.65B | 1.67B | 1.77B | 1.92B | 1.94B | 1.96B | 1.91B | 1.52B | 1.61B | 1.75B | 952.79M | 880.69M | 782.87M | 847.08M | 403.29M |
| Fixed Asset Turnover | 2.17x | 1.45x | 1.71x | 1.32x | 1.85x | 1.24x | 1.39x | 1.07x | 1.44x | 0.93x | 1.20x | 1.10x | 1.63x | 1.04x | 2.35x | 3.65x | 2.20x | 2.64x | 4.45x | 5.97x |
| Goodwill | 274.5M | 292.72M | 362.32M | 362.95M | 362.38M | 369.03M | 369.37M | 312.57M | 312.11M | 346.89M | 345.9M | 336.44M | 331.5M | 352.78M | 397.44M | 13.54M | 13.54M | 13.54M | 13.43M | 13.18M |
| Intangible Assets | 323.13M | 360.51M | 336.7M | 345.37M | 357.28M | 349.6M | 350.36M | 297.38M | 306.07M | 307.77M | 309.67M | 300.82M | 306.27M | 319.77M | 394.75M | 146.05M | 136.63M | 141.41M | 149.43M | 132.57M |
| Long-Term Investments | 488.93M | 555.87M | 498.83M | 431.72M | 341.67M | 365.88M | 364.56M | 347.23M | 358.72M | 299.36M | 302.62M | 323.32M | 265.82M | 259.38M | 330.4M | 53.22M | 267.47M | 267.52M | 244.23M | 103.56M |
| Other Non-Current Assets | 107.56M | 56.09M | 95.07M | 94.66M | 107.32M | 104M | 105.9M | 109.39M | 83.68M | 96.45M | 105.57M | 104.23M | 103.1M | 110.04M | 128.29M | 92.87M | 77.42M | 80.99M | 83.13M | 73.71M |
| Total Assets | 9.7B | 9.79B | 9.62B | 9.73B | 10.21B | 10.01B | 9.94B | 9.83B | 10.46B | 10B | 10.25B | 9.95B | 9.98B | 9.45B | 12.3B | 10.45B | 9.71B | 6.88B | 7.02B | 4.02B |
| Asset Turnover | 0.33x | 0.22x | 0.26x | 0.21x | 0.30x | 0.21x | 0.24x | 0.20x | 0.27x | 0.18x | 0.23x | 0.19x | 0.26x | 0.16x | 0.28x | 0.33x | 0.22x | 0.31x | 0.50x | 0.63x |
| Asset Growth % | -4.99% | -2.24% | -3.27% | -1% | -2.45% | 0.16% | -2.99% | -1.18% | 4.86% | 5.83% | - | - | -18.91% | - | 17.73% | 48.87% | - | - | 74.59% | 33.56% |
| Total Current Liabilities | 3.65B | 3.62B | 3.36B | 3.39B | 3.75B | 3.57B | 3.35B | 3.23B | 3.75B | 3.22B | 3.6B | 3.37B | 3.63B | 2.63B | 4.77B | 2.19B | 1.88B | 1.97B | 2.3B | 1.75B |
| Accounts Payable | 466.38M | 650.5M | 348.44M | 408.74M | 620.64M | 648.16M | 439.67M | 454.85M | 562.92M | 536.19M | 426.02M | 444.55M | 467.92M | 254.97M | 493.5M | 420.64M | 283.22M | 412.19M | 867.71M | 887.56M |
| Days Payables Outstanding | 34.96 | 44.75 | 26.15 | 43.22 | 37.83 | 46.23 | 31.88 | 44.81 | 33.58 | 44.08 | 29.7 | 38.28 | 23.21 | 34.47 | 83.31 | 15.15 | 29.25 | 43.22 | 185.96 | 207.14 |
| Short-Term Debt | 1.78B | 1.57B | 1.59B | 1.87B | 1.93B | 1.88B | 1.86B | 1.77B | 1.95B | 1.6B | 1.67B | 1.57B | 1.71B | 1.55B | 3.09B | 664.48M | 862.9M | 769.37M | 768.73M | 463.6M |
| Deferred Revenue (Current) | 0 | 0 | 190.13M | 0 | 173.76M | 0 | 0 | 0 | 163.05M | 0 | 0 | 0 | 119.12M | 0 | 63.6M | 65.12M | 0 | 0 | 0 | 18.41M |
| Other Current Liabilities | 1.36B | 76K | 70.45M | 1.12B | 732.73M | 1.04B | 1.04B | 991.59M | 748.86M | 1.06B | 1.47B | 1.34B | 986.97M | 827.5M | 758.16M | 615.32M | 702.87M | 748.74M | 581.63M | 194.21M |
| Current Ratio | 1.87x | 1.87x | 1.97x | 1.99x | 1.93x | 1.95x | 2.05x | 2.10x | 1.94x | 2.11x | 1.95x | 2.02x | 2.01x | 2.54x | 1.93x | 4.17x | 4.40x | 2.82x | 2.45x | 1.86x |
| Quick Ratio | 1.52x | 1.56x | 1.69x | 1.53x | 1.52x | 1.46x | 1.62x | 1.68x | 1.58x | 1.63x | 1.59x | 1.61x | 1.65x | 2.09x | 1.59x | 3.57x | 3.62x | 2.26x | 1.97x | 1.39x |
| Cash Conversion Cycle | 99.29 | 140.96 | 138.32 | 181.86 | 125.38 | 173.42 | 137.97 | 176.87 | 127.74 | 178.2 | 136.42 | 184.31 | 142.99 | 219.42 | 485.67 | 102.42 | 159.97 | 102.75 | 241.12 | 231.6 |
| Total Non-Current Liabilities | 554.71M | 652.46M | 590.94M | 631.99M | 678.82M | 709.09M | 724.04M | 772.15M | 863.79M | 935.65M | 1.01B | 967.63M | 753.52M | 840.09M | 1.06B | 2.13B | 2.15B | 2.15B | 2.15B | 72.17M |
| Long-Term Debt | 0 | 4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.76B | 1.82B | 1.89B | 1.84B | 68.85M |
| Capital Lease Obligations | 489.91M | 573.72M | 514.21M | 555.16M | 597.77M | 630.73M | 647.38M | 708.74M | 798.18M | 851.33M | 876.34M | 855.45M | 664.29M | 727.51M | 882.46M | 369.62M | 325.28M | 257.33M | 306.67M | 0 |
| Deferred Tax Liabilities | 23M | 24.69M | 29.17M | 31.03M | 32.78M | 34.56M | 36.63M | 23.28M | 24.94M | 26.68M | 28.28M | 26.48M | 27.68M | 30.27M | 51.46M | 2.53M | 2.63M | 2.73M | 2.9M | 3.32M |
| Other Non-Current Liabilities | 41.81M | 50.05M | 47.67M | 45.8M | 48.27M | 43.8M | 40.03M | 40.13M | 40.67M | 57.64M | 104.74M | 85.7M | 61.55M | 82.31M | 125.84M | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.2B | 4.27B | 3.95B | 4.03B | 4.43B | 4.28B | 4.08B | 4.01B | 4.62B | 4.15B | 4.61B | 4.34B | 4.38B | 3.47B | 5.83B | 4.32B | 4.03B | 4.12B | 4.45B | 1.82B |
| Total Debt | 2.27B | 2.4B | 2.37B | 2.42B | 2.52B | 2.51B | 2.51B | 2.48B | 2.75B | 2.45B | 2.55B | 2.42B | 2.38B | 2.27B | 3.98B | 2.79B | 3.01B | 2.92B | 2.92B | 532.45M |
| Net Debt | 1.22B | 1.28B | 1.18B | 1B | 878.71M | 1.12B | 808.41M | 183.41M | 401.67M | 235.19M | 806.77M | 827.52M | 165.18M | -42.61M | -719.18M | -929.75M | -1.25B | 1.16B | 1.4B | 18.33M |
| Debt / Equity | 0.41x | 0.44x | 0.42x | 0.42x | 0.44x | 0.44x | 0.43x | 0.43x | 0.47x | 0.42x | 0.45x | 0.43x | 0.43x | 0.38x | 0.61x | 0.46x | 0.53x | 1.06x | 1.13x | 0.24x |
| Debt / EBITDA | 11.66x | - | - | - | 18.80x | - | 56.41x | 315.56x | 39.85x | - | 96.14x | 293.84x | 13.75x | 90.12x | 71.65x | 8.26x | 26.33x | 14.79x | 12.92x | 2.30x |
| Net Debt / EBITDA | 6.28x | - | - | - | 6.55x | - | 18.20x | 23.30x | 5.82x | - | 30.41x | 100.30x | 0.96x | -1.69x | -12.96x | -2.75x | -10.94x | 5.86x | 6.22x | 0.08x |
| Interest Coverage | -1.72x | -7.55x | 0.13x | -5.24x | 10.83x | -11.59x | -0.40x | -5.18x | -3.91x | -10.75x | -3.73x | -6.09x | -16.17x | -14.68x | 1.18x | 23.40x | 6.03x | 9.39x | 9.84x | 45.94x |
| Total Equity | 5.5B | 5.52B | 5.67B | 5.71B | 5.78B | 5.74B | 5.87B | 5.83B | 5.85B | 5.85B | 5.64B | 5.61B | 5.59B | 5.98B | 6.47B | 6.13B | 5.68B | 2.76B | 2.57B | 2.2B |
| Equity Growth % | -4.93% | -3.76% | -3.47% | -2.01% | -1.11% | -1.85% | 4.02% | 3.84% | 4.47% | -2.25% | - | - | -13.58% | - | 5.62% | 138.31% | - | - | 17.01% | 18.95% |
| Book Value per Share | 94.85 | 95.51 | 98.04 | 98.79 | 96.61 | 94.72 | 96.89 | 96.32 | 97.17 | 98.21 | 95.20 | 95.30 | 95.28 | 101.94 | 95.81 | 76.96 | 94.31 | 46.16 | 43.22 | 37.08 |
| Total Shareholders' Equity | 3.64B | 3.7B | 3.79B | 3.85B | 3.91B | 3.91B | 4.03B | 4.07B | 4.09B | 4.14B | 4.04B | 4.01B | 4.03B | 4.41B | 4.89B | 6.1B | 5.65B | 2.73B | 2.54B | 2.18B |
| Common Stock | 101.06K | 101K | 102.97K | 103.15K | 102.99K | 102.91K | 103K | 103.03K | 100.88K | 100.99K | 100.7K | 101.03K | 122.22K | 124.88K | 132.84K | 144.68K | 141.66K | 114.73K | 113.77K | 106.14K |
| Retained Earnings | -934.48M | -895.93M | -788.65M | -756.02M | -691.74M | -691.34M | -603.9M | -573.43M | -506.01M | -458.14M | -330.77M | -311.82M | -224.89M | 56.5M | 424.63M | 949.91M | 710.98M | 646.52M | 520.38M | 245.05M |
| Treasury Stock | -90.7M | -90.64M | -105.7M | -105.88M | -95.5M | -52.78M | -21.63M | 0 | 0 | 0 | 0 | 0 | -820.64M | -838.48M | -385.49M | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 27.51M | 41.62M | 32.85M | 47.3M | 54.57M | 29.82M | 50.22M | 43.9M | 32.21M | 56.03M | 47.27M | 7.88M | 15.45M | 55.79M | -102.48M | -48.65M | 42.85M | 27.01M | 28.08M | 29.26M |
| Minority Interest | 1.85B | 1.82B | 1.88B | 1.86B | 1.87B | 1.83B | 1.83B | 1.76B | 1.75B | 1.7B | 1.6B | 1.6B | 1.57B | 1.57B | 1.58B | 31.51M | 32.02M | 31.68M | 30.71M | 17.5M |