Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2021–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $30M | — | — | — | — | — |
| Enterprise Value | $34M | — | — | — | — | — |
| P/E Ratio → | — | — | — | — | — | — |
| P/S Ratio | 4.53 | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 56.7% | 56.7% | 32.1% | 35.5% | 43.9% | 33.8% |
| Operating Margin | -7.3% | -7.3% | -23.2% | -15.5% | -6.1% | 0.1% |
| Net Profit Margin | -5.9% | -5.9% | -21.9% | -12.9% | -5.7% | 4.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | — | — | -183.8% | -40.4% | -18.4% | 12.2% |
| ROA | -7.1% | -7.1% | -30.3% | -12.3% | -7.3% | 5.9% |
| ROIC | -15.8% | -15.8% | -75.9% | -21.2% | -10.0% | — |
| ROCE | — | — | -194.4% | -48.6% | -19.4% | 0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 84.81 | 1.12 | 1.28 | 0.55 |
| Debt / EBITDA | — | — | — | — | — | 3.47 |
| Net Debt / Equity | — | — | 47.02 | 0.30 | 0.97 | 0.04 |
| Net Debt / EBITDA | — | — | — | — | — | 0.27 |
| Debt / FCF | — | — | — | 0.23 | — | — |
| Interest Coverage | -3.16 | -3.16 | -10.41 | -9.72 | -5.65 | 0.15 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.67 | 0.67 | 0.75 | 1.07 | 1.20 | 1.53 |
| Quick Ratio | 0.66 | 0.66 | 0.71 | 1.05 | 1.16 | 1.48 |
| Cash Ratio | 0.11 | 0.11 | 0.21 | 0.30 | 0.16 | 0.49 |
| Asset Turnover | — | 1.14 | 1.75 | 1.14 | 1.16 | 1.30 |
| Inventory Turnover | 48.96 | 48.96 | 29.57 | 38.80 | 26.53 | 31.64 |
| Days Sales Outstanding | — | 183.30 | 79.77 | 149.07 | 198.53 | 130.27 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $0 | $34M | $34M | $35M | $35M |
Imminent liquidity and solvency
According to recent financial statements, RYET's gross margin expanded from 29.4% in 2022Q4 to 48.1% in 2023Q4, yet this improvement appears driven by shifts in product mix rather than sustainable pricing power or the achievement of meaningful economies of scale within its core educational technology operations.
The fluctuation in gross margins suggests that the company's cost structure remains highly sensitive to the specific nature of individual government contracts rather than a stable, recurring software model. Investors should interpret the recent margin expansion with caution, as the underlying operating margin remains susceptible to the high fixed-cost burden inherent in its specialized AI development and sales force requirements.
Based on reported figures, the company's ROIC of 9.4% in 2023Q4 represents a volatile recovery from previous periods of negative returns, yet this metric remains insufficient to justify the capital intensity required to maintain its proprietary smart campus hardware and software infrastructure across regional school districts.
The inability to consistently compound returns on invested capital suggests that the firm is struggling to deploy its resources into high-margin, scalable projects. This inconsistency warrants further investigation into whether the company's capital allocation is focused on long-term value creation or merely sustaining operations through short-term, low-margin institutional installations.
As indicated by the company's 2023Q4 data, the Cash Conversion Cycle of -115 days, contrasted with a DSO of 424 days, reveals a severe disconnect between revenue recognition and actual cash collection, highlighting the structural difficulty of operating within the Chinese government-linked educational procurement ecosystem.
The extremely high DSO suggests that RYET is effectively acting as a financier for its institutional clients, which places immense pressure on its limited cash reserves. This reliance on delayed payments from government entities creates a structural liquidity risk that may not be fully captured by standard efficiency metrics.
Based on the 2023Q4 balance sheet, the debt-to-equity ratio of 1.12, combined with a debt-to-EBITDA ratio of 3.20, indicates that the company's leverage is becoming increasingly difficult to manage as its operational footprint contracts and its ability to generate consistent cash flow remains highly uncertain.
While the interest coverage ratio of 173.71 appears superficially strong, it likely masks the reality of a firm that is struggling to meet its obligations without relying on external financing or potential asset liquidation. Investors should monitor whether the company can maintain its current debt service levels if revenue continues to decline in subsequent quarters.
The market's reliance on a P/S ratio of 4.53 for RYET is fundamentally flawed, as it ignores the company's inability to convert revenue into cash and the high probability that a significant portion of its reported top-line figures may never be realized as actual operating cash flow.
Using a P/S multiple for a company with such severe liquidity constraints and negative free cash flow obscures the underlying solvency risk. A more appropriate analytical framework would involve adjusting the valuation for the company's net cash position and the quality of its accounts receivable, which are likely subject to significant collection delays.
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Quick answers to the most common questions about buying RYET stock.
Based on historical data, Ruanyun Edai Technology Inc. Ordinary shares is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Ruanyun Edai Technology Inc. Ordinary shares has 56.7% gross margin and -7.3% operating margin.