Daqo New Energy (DQ) Financials

$14.30 -0.05 (-0.35%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for Daqo New Energy

This table shows Daqo New Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	-345	430	1,820	749	129	30	38	93	43	13	17
Consolidated Net Income / (Loss)	-448	653	2,480	865	134	30	39	94	44	13	17
Net Income / (Loss) Continuing Operations	-448	0.00	0.00	0.00	134	28	62	98	41	13	17
Total Pre-Tax Income	-518	818	3,057	1,035	162	38	74	115	49	14	17
Total Operating Income	-564	783	3,041	1,051	188	47	81	131	61	26	32
Total Gross Profit	-213	921	3,408	1,097	234	80	98	144	78	38	43
Total Revenue	1,029	2,308	4,608	1,679	676	350	302	323	196	182	183
Operating Revenue	1,029	2,308	4,608	1,679	676	350	302	323	196	182	183
Total Cost of Revenue	1,242	1,387	1,200	582	442	270	203	179	118	144	139
Operating Cost of Revenue	1,242	1,387	1,200	582	442	270	203	179	118	144	139
Total Operating Expenses	351	137	367	46	46	33	17	13	17	11	11
Selling, General & Admin Expense	143	213	354	40	39	32	27	16	15	13	10
Research & Development Expense	4.56	10	10	6.50	6.86	5.71	2.74	0.68	3.88	0.92	1.49
Other Operating Expenses / (Income)	28	-86	3.18	-0.61	-0.19	-5.55	-13	-3.48	-2.29	-3.82	-0.55
Impairment Charge	176	-	-	-	-	-	-	-	-	1.62	0.00
Total Other Income / (Expense), net	46	35	16	-16	-26	-9.60	-7.69	-16	-13	-12	-15
Interest Expense	-30	-52	-14	20	26	9.41	11	16	13	13	16
Interest & Investment Income	18	0.11	1.11	4.01	0.00	0.00	1.24	0.46	0.15	0.49	0.32
Other Income / (Expense), net	-2.38	-17	0.68	0.00	0.00	-0.19	1.84	-0.01	0.01	0.64	-0.06
Income Tax Expense	-70	166	577	170	28	9.62	12	17	7.36	1.14	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-103	223	660	116	4.61	-0.00	0.64	1.01	0.43	0.09	0.00
Basic Earnings per Share	($1.04)	$1.15	$4.80	$2.03	$0.36	$0.09	$0.12	$0.35	$0.17	$0.05	$0.08
Weighted Average Basic Shares Outstanding	330.80M	373.59M	379.37M	369.34M	355.09M	339.57M	311.72M	265.07M	261.74M	258.02M	206.35M
Diluted Earnings per Share	($1.04)	$1.15	$4.67	$1.95	$0.34	$0.08	$0.12	$0.34	$0.16	$0.05	$0.08
Weighted Average Diluted Shares Outstanding	330.80M	374.82M	386.46M	383.77M	375.02M	349.96M	325.51M	272.93M	264.82M	261.41M	211.35M
Weighted Average Basic & Diluted Shares Outstanding	333.76M	328.51M	391.02M	372.53M	365.24M	347.42M	332.03M	270.92M	262.96M	260.84M	223.58M

No quarterly income statements for Daqo New Energy are available.

This table details how cash moves in and out of Daqo New Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-2,010	-472	2,796	606	3.11	20	22	41	-1.67	7.42	-0.76
Net Cash From Operating Activities	-435	1,616	2,463	639	210	181	96	143	99	-66	46
Net Cash From Continuing Operating Activities	-435	1,616	2,463	639	210	180	78	138	85	66	-46
Net Income / (Loss) Continuing Operations	-448	0.00	0.00	0.00	134	28	62	98	41	13	17
Consolidated Net Income / (Loss)	-448	653	2,480	865	134	30	39	94	44	13	17
Depreciation Expense	206	149	107	77	69	47	28	28	23	31	28
Non-Cash Adjustments To Reconcile Net Income	174	136	327	238	-35	117	1.23	13	13	-10	30
Changes in Operating Assets and Liabilities, net	-368	679	-451	-541	42	-12	-12	-1.25	7.64	32	-29
Net Cash From Investing Activities	-1,481	-1,196	-998	-782	-118	-262	-165	-68	-68	-74	-91
Net Cash From Continuing Investing Activities	-1,481	-1,196	-998	-782	-118	-263	-165	-64	-67	-74	-91
Purchase of Property, Plant & Equipment	-369	-1,187	-1,205	-508	-118	-279	-143	-64	-67	-81	-77
Purchase of Investments	-2,082	-27	-46	-501	0.00	0.00	-38	-0.06	-0.58	0.00	0.00
Sale and/or Maturity of Investments	3,092	14	298	228	0.00	22	15	0.00	0.00	-	-
Other Investing Activities, net	-2,121	3.96	-45	0.00	0.00	-6.59	0.00	0.00	-	2.12	-14
Net Cash From Financing Activities	-47	-795	1,472	736	-95	102	87	-37	-30	15	44
Net Cash From Continuing Financing Activities	-47	-795	1,472	736	-95	105	103	-29	3.43	15	44
Repayment of Debt	0.00	-140	-179	-263	-246	-95	-95	-116	-146	-497	-462
Repurchase of Common Equity	-13	-522	-125	0.00	0.00	-	-6.92	0.00	0.00	-3.38	-3.38
Payment of Dividends	-36	-304	-34	0.00	0.00	-	-	-	-	-	-
Issuance of Debt	0.00	140	179	62	121	199	91	85	149	483	451
Issuance of Common Equity	0.00	0.00	0.00	935	28	0.52	114	0.00	0.00	33	58
Other Financing Activities, net	1.14	30	1,631	2.14	0.58	0.79	0.69	2.24	1.05	0.28	0.04
Effect of Exchange Rate Changes	-46	-97	-140	12	7.37	-1.32	4.91	3.34	-2.00	-0.11	-0.07
Cash Interest Paid	0.00	4.72	7.93	21	25	10	11	16	12	13	18
Cash Income Taxes Paid	102	290	351	108	13	5.55	19	9.53	3.00	2.73	0.00

No quarterly cash flow statements for Daqo New Energy are available.

This table presents Daqo New Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	6,418	7,427	7,594	3,344	1,239	1,201	855	749	657	661	710
Total Current Assets	2,632	3,577	4,889	1,743	180	174	160	142	73	89	122
Cash & Equivalents	1,007	3,039	3,499	724	77	52	65	54	16	14	7.07
Restricted Cash	32	9.13	21	0.19	42	63	29	9.91	16	19	22
Short-Term Investments	9.62	0.00	14	280	0.00	-	22	0.00	-	-	-
Note & Lease Receivable	55	116	1,132	366	0.15	5.64	8.11	21	13	11	50
Accounts Receivable	0.00	0.03	0.02	0.00	0.13	0.03	2.00	0.71	6.37	20	19
Inventories, net	160	188	170	331	50	38	19	17	14	12	11
Prepaid Expenses	281	225	53	42	11	15	10	6.69	8.03	12	13
Other Current Assets	1,087	0.00	0.00	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	3,499	3,626	2,605	1,559	1,027	995	617	485	557	544	559
Total Noncurrent Assets	287	224	100	42	32	32	78	121	26	28	29
Noncurrent Note & Lease Receivables	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-
Noncurrent Deferred & Refundable Income Taxes	85	3.42	1.81	0.00	-	1.35	0.82	0.71	0.59	0.63	0.00
Other Noncurrent Operating Assets	203	220	98	42	32	30	24	24	25	27	29
Total Liabilities & Shareholders' Equity	6,418	7,427	7,594	3,344	1,239	1,201	855	749	657	661	710
Total Liabilities	560	979	989	680	440	634	330	354	385	419	503
Total Current Liabilities	521	836	737	550	284	445	150	217	250	275	396
Short-Term Debt	6.82	0.00	21	0.00	120	230	67	89	132	144	209
Accounts Payable	26	93	82	92	24	52	11	21	46	64	106
Accrued Expenses	33	73	51	41	30	12	9.42	11	8.32	8.62	8.96
Current Deferred & Payable Income Tax Liabilities	0.51	90	222	71	23	4.79	5.45	13	5.30	0.94	0.00
Other Current Liabilities	454	432	239	143	87	113	27	22	51	50	65
Total Noncurrent Liabilities	39	142	253	129	156	189	180	138	135	144	107
Noncurrent Deferred Revenue	17	132	172	113	22	23	29	23	23	25	30
Noncurrent Deferred & Payable Income Tax Liabilities	0.54	10	81	17	3.46	6.37	1.18	0.00	-	-	-
Other Noncurrent Operating Liabilities	21	-	-	-	3.27	0.08	0.00	-	-	-	0.00
Commitments & Contingencies	0.00	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,858	6,448	6,605	2,664	799	567	525	395	272	242	207
Total Preferred & Common Equity	4,361	4,762	4,807	2,162	767	567	525	392	270	240	207
Total Common Equity	4,361	4,762	4,807	2,162	767	567	525	392	270	240	207
Common Stock	2,409	2,340	2,211	1,017	412	387	369	247	240	236	203
Retained Earnings	2,983	3,328	2,899	1,079	330	201	171	133	40	-3.06	-16
Treasury Stock	-618	-613	-127	-1.75	-1.75	-1.75	-1.75	-1.75	-1.75	-1.75	-0.40
Accumulated Other Comprehensive Income / (Loss)	-413	-294	-176	68	26	-20	-13	13	-8.72	8.78	20
Noncontrolling Interest	1,497	1,686	1,797	502	32	0.52	0.00	2.79	1.63	1.30	0.00

No quarterly balance sheets for Daqo New Energy are available.

This table displays calculated financial ratios and metrics derived from Daqo New Energy's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-55.41%	-49.92%	174.50%	148.49%	93.03%	16.04%	-6.68%	64.71%	7.79%	-0.29%	67.50%
EBITDA Growth	-139.36%	-70.94%	178.92%	340.00%	170.98%	-14.53%	-30.17%	89.35%	43.86%	-2.94%	140.43%
EBIT Growth	-173.95%	-74.81%	189.26%	459.70%	297.16%	-43.04%	-36.52%	113.94%	127.59%	-15.99%	115.94%
NOPAT Growth	-163.19%	-74.66%	180.72%	466.11%	338.13%	-48.11%	-38.56%	114.17%	115.06%	-24.70%	122.81%
Net Income Growth	-168.64%	-73.67%	186.71%	546.34%	353.23%	-23.84%	-58.70%	113.68%	236.64%	-21.63%	107.53%
EPS Growth	-190.43%	-75.37%	139.49%	473.53%	325.00%	-23.84%	-58.70%	112.50%	220.00%	-37.50%	119.51%
Operating Cash Flow Growth	-126.94%	-34.38%	285.40%	204.71%	15.86%	89.42%	-33.04%	44.63%	248.54%	-245.61%	376.05%
Free Cash Flow Firm Growth	-673.87%	-69.51%	605.29%	113.51%	131.44%	-212.79%	-148.23%	265.14%	133.58%	130.56%	-140.80%
Invested Capital Growth	41.65%	10.01%	86.25%	78.88%	10.28%	43.26%	30.76%	-7.00%	2.59%	1.54%	23.31%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-20.69%	39.89%	73.95%	65.36%	34.63%	22.89%	32.53%	44.57%	39.66%	20.63%	23.70%
EBITDA Margin	-34.99%	39.65%	68.32%	67.24%	37.97%	27.05%	36.72%	49.07%	42.69%	31.99%	32.86%
Operating Margin	-54.82%	33.95%	65.98%	62.63%	27.81%	13.57%	26.92%	40.47%	31.16%	14.41%	17.55%
EBIT Margin	-55.05%	33.20%	66.00%	62.63%	27.81%	13.51%	27.53%	40.47%	31.16%	14.76%	17.52%
Profit (Net Income) Margin	-43.55%	28.29%	53.81%	51.52%	19.81%	8.44%	12.85%	29.04%	22.39%	7.17%	9.12%
Tax Burden Percent	86.51%	79.77%	81.12%	83.56%	82.53%	77.93%	52.73%	81.61%	90.43%	91.98%	100.00%
Interest Burden Percent	91.45%	106.84%	100.51%	98.43%	86.31%	80.10%	88.53%	87.92%	79.44%	52.80%	52.06%
Effective Tax Rate	0.00%	20.23%	18.88%	16.44%	17.38%	25.40%	15.94%	15.07%	15.15%	8.02%	0.00%
Return on Invested Capital (ROIC)	-9.61%	19.25%	103.84%	67.92%	17.55%	4.96%	13.17%	23.84%	10.88%	5.16%	7.63%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.00%	18.40%	103.25%	71.06%	6.93%	1.45%	-37.37%	10.86%	7.27%	0.61%	1.42%
Return on Net Nonoperating Assets (RNNOA)	2.33%	-9.25%	-50.33%	-17.96%	2.04%	0.45%	-4.74%	4.33%	6.23%	0.66%	2.05%
Return on Equity (ROE)	-7.28%	10.00%	53.51%	49.95%	19.59%	5.41%	8.43%	28.17%	17.11%	5.82%	9.68%
Cash Return on Invested Capital (CROIC)	-44.09%	9.72%	43.58%	11.34%	7.77%	-30.61%	-13.49%	31.10%	8.32%	3.64%	-13.24%
Operating Return on Assets (OROA)	-8.18%	10.20%	55.61%	45.89%	15.39%	4.60%	10.36%	18.61%	9.28%	3.92%	4.84%
Return on Assets (ROA)	-6.47%	8.69%	45.34%	37.74%	10.97%	2.87%	4.83%	13.36%	6.67%	1.90%	2.52%
Return on Common Equity (ROCE)	-5.40%	7.33%	40.23%	42.25%	19.13%	5.40%	8.40%	27.99%	17.01%	5.80%	9.68%
Return on Equity Simple (ROE_SIMPLE)	-10.28%	13.71%	51.58%	40.00%	17.44%	5.21%	7.38%	23.96%	16.26%	5.43%	8.05%
Net Operating Profit after Tax (NOPAT)	-395	625	2,466	879	155	35	68	111	52	24	32
NOPAT Margin	-38.37%	27.08%	53.52%	52.34%	22.97%	10.12%	22.63%	34.37%	26.44%	13.25%	17.55%
Net Nonoperating Expense Percent (NNEP)	-2.61%	0.85%	0.58%	-3.14%	10.62%	3.51%	50.55%	12.98%	3.61%	4.56%	6.21%
Return On Investment Capital (ROIC_SIMPLE)	-6.73%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	120.69%	60.11%	26.05%	34.64%	65.37%	77.11%	67.47%	55.43%	60.34%	79.37%	76.30%
SG&A Expenses to Revenue	13.90%	9.24%	7.68%	2.38%	5.84%	9.27%	8.98%	4.96%	7.69%	6.92%	5.64%
R&D to Revenue	0.44%	0.44%	0.22%	0.39%	1.01%	1.63%	0.91%	0.21%	1.98%	0.51%	0.81%
Operating Expenses to Revenue	34.12%	5.95%	7.97%	2.73%	6.83%	9.32%	5.61%	4.10%	8.50%	6.22%	6.15%
Earnings before Interest and Taxes (EBIT)	-566	766	3,041	1,051	188	47	83	131	61	27	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-360	915	3,148	1,129	257	95	111	159	84	58	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.29	0.44	0.60	1.36	25.98	6.00	2.41	7.98	3.73	3.10	4.42
Price to Tangible Book Value (P/TBV)	0.29	0.44	0.60	1.36	25.98	6.00	2.41	7.98	3.73	3.10	4.42
Price to Revenue (P/Rev)	1.24	0.90	0.62	1.75	29.50	9.71	4.20	9.67	5.13	4.09	5.00
Price to Earnings (P/E)	0.00	4.84	1.58	3.93	154.25	115.16	33.26	33.67	23.15	57.46	54.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	20.65%	63.26%	25.43%	0.65%	0.87%	3.01%	2.97%	4.32%	1.74%	1.82%
Enterprise Value to Invested Capital (EV/IC)	0.36	0.21	0.38	1.47	21.65	4.36	2.30	7.27	2.53	2.07	2.52
Enterprise Value to Revenue (EV/Rev)	1.68	0.31	0.25	1.46	29.73	10.48	4.48	10.10	6.22	5.36	6.41
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.79	0.37	2.16	78.29	38.73	12.21	20.58	14.56	16.74	19.51
Enterprise Value to EBIT (EV/EBIT)	0.00	0.94	0.38	2.32	106.91	77.52	16.28	24.96	19.95	36.29	36.60
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.15	0.47	2.78	129.41	103.51	19.81	29.38	23.51	40.42	36.54
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.44	0.47	3.82	95.78	20.26	14.15	22.88	12.36	0.00	25.66
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.28	1.12	16.65	292.21	0.00	0.00	22.53	30.73	57.38	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.30	0.67	0.38	0.51	0.90	1.09	1.38
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.15	0.27	0.25	0.28	0.41	0.49	0.37
Financial Leverage	-0.33	-0.50	-0.49	-0.25	0.30	0.31	0.13	0.40	0.86	1.08	1.44
Leverage Ratio	1.13	1.15	1.18	1.32	1.79	1.88	1.74	2.11	2.57	3.06	3.84
Compound Leverage Factor	1.03	1.23	1.19	1.30	1.54	1.51	1.54	1.85	2.04	1.61	2.00
Debt to Total Capital	0.12%	0.00%	0.31%	0.00%	23.32%	40.20%	27.65%	33.64%	47.28%	52.08%	58.05%
Short-Term Debt to Total Capital	0.12%	0.00%	0.31%	0.00%	11.50%	24.23%	9.29%	14.90%	25.56%	28.57%	42.35%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	11.83%	15.98%	18.37%	18.74%	21.72%	23.51%	15.69%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	25.52%	26.15%	27.13%	18.84%	3.05%	0.05%	0.00%	0.47%	0.32%	0.26%	0.00%
Common Equity to Total Capital	74.36%	73.85%	72.56%	81.16%	73.63%	59.74%	72.35%	65.89%	52.41%	47.66%	41.95%
Debt to EBITDA	-0.02	0.00	0.01	0.00	0.95	4.03	1.81	1.26	2.91	4.51	4.77
Net Debt to EBITDA	2.89	0.00	-1.12	0.00	0.49	2.81	0.76	0.86	2.52	3.93	4.28
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.48	1.60	1.20	0.70	1.34	2.04	1.29
Debt to NOPAT	-0.02	0.00	0.01	0.00	1.57	10.76	2.94	1.80	4.70	10.89	8.93
Net Debt to NOPAT	2.64	0.00	-1.42	0.00	0.80	7.52	1.23	1.22	4.07	9.50	8.02
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.79	4.28	1.95	1.00	2.16	4.91	2.41
Altman Z-Score	2.28	3.00	4.86	5.02	28.48	3.60	3.28	6.43	1.94	1.13	1.00
Noncontrolling Interest Sharing Ratio	25.87%	26.69%	24.81%	15.41%	2.37%	0.05%	0.30%	0.66%	0.57%	0.29%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.05	4.28	6.64	3.17	0.63	0.39	1.07	0.66	0.29	0.32	0.31
Quick Ratio	2.06	3.77	6.31	2.49	0.27	0.13	0.65	0.35	0.14	0.17	0.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,811	316	1,035	147	69	-219	-70	145	40	17	-56
Operating Cash Flow to CapEx	-118.03%	136.16%	204.31%	125.72%	177.28%	64.86%	66.79%	222.68%	148.37%	-81.64%	59.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	7.17	2.67	-23.22	-6.49	8.91	3.12	1.29	-3.55
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	31.20	8.15	19.23	8.88	8.78	7.76	-5.04	2.91
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	6.38	3.55	-10.42	-4.41	4.83	2.53	-11.22	-2.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.15	0.31	0.84	0.73	0.55	0.34	0.38	0.46	0.30	0.27	0.28
Accounts Receivable Turnover	0.00	88,757.50	0.00	0.00	8,482.13	345.51	223.24	91.41	14.81	9.38	8.69
Inventory Turnover	7.14	7.75	4.79	3.05	10.03	9.52	11.29	11.46	9.20	12.74	12.50
Fixed Asset Turnover	0.29	0.74	2.21	1.30	0.67	0.43	0.55	0.62	0.36	0.33	0.35
Accounts Payable Turnover	20.82	15.87	13.79	9.99	11.68	8.57	12.48	5.37	2.16	1.70	1.31
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.04	1.06	1.64	3.99	24.65	38.93	42.01
Days Inventory Outstanding (DIO)	51.12	47.10	76.25	119.64	36.38	38.35	32.32	31.85	39.68	28.64	29.21
Days Payable Outstanding (DPO)	17.53	22.99	26.48	36.52	31.26	42.60	29.24	67.97	168.71	215.19	278.67
Cash Conversion Cycle (CCC)	33.59	24.11	49.77	83.12	5.17	-3.19	4.71	-32.13	-104.38	-147.61	-207.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,817	3,400	3,091	1,660	928	841	587	449	483	471	464
Invested Capital Turnover	0.25	0.71	1.94	1.30	0.76	0.49	0.58	0.69	0.41	0.39	0.43
Increase / (Decrease) in Invested Capital	1,416	309	1,431	732	86	254	138	-34	12	7.13	88
Enterprise Value (EV)	1,733	719	1,160	2,443	20,084	3,667	1,352	3,264	1,220	975	1,170
Market Capitalization	1,277	2,080	2,877	2,945	19,928	3,400	1,268	3,126	1,007	745	914
Book Value per Share	$13.28	$12.18	$12.90	$5.92	$2.21	$1.71	$1.94	$1.49	$1.04	$1.08	$1.19
Tangible Book Value per Share	$13.28	$12.18	$12.90	$5.92	$2.21	$1.71	$1.94	$1.49	$1.04	$1.08	$1.19
Total Capital	5,865	6,448	6,625	2,664	1,042	948	726	595	515	504	493
Total Debt	6.82	0.00	21	0.00	243	381	201	200	244	263	286
Total Long-Term Debt	0.00	0.00	0.00	0.00	123	152	133	111	112	119	77
Net Debt	-1,041	-3,048	-3,514	-1,004	125	266	84	136	211	229	257
Capital Expenditures (CapEx)	369	1,187	1,205	508	118	279	143	64	67	81	77
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,069	-308	639	188	-102	-155	-38	-49	-77	-76	-95
Debt-free Net Working Capital (DFNWC)	2,117	2,740	4,173	1,192	16	-41	78	14	-45	-43	-65
Net Working Capital (NWC)	2,110	2,740	4,153	1,192	-104	-271	10	-74	-176	-187	-274
Net Nonoperating Expense (NNE)	53	-28	-13	14	21	5.90	29	17	7.95	11	15
Net Nonoperating Obligations (NNO)	-1,041	-3,048	-3,514	-1,004	129	274	62	55	211	229	257
Total Depreciation and Amortization (D&A)	206	149	107	77	69	47	28	28	23	31	28
Debt-free, Cash-free Net Working Capital to Revenue	103.90%	-13.34%	13.87%	11.21%	-15.17%	-44.43%	-12.67%	-15.25%	-39.05%	-41.79%	-51.82%
Debt-free Net Working Capital to Revenue	205.73%	118.74%	90.56%	71.03%	2.36%	-11.73%	25.74%	4.47%	-22.80%	-23.36%	-35.81%
Net Working Capital to Revenue	205.07%	118.74%	90.11%	71.03%	-15.37%	-77.38%	3.39%	-22.94%	-89.92%	-102.51%	-150.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.04)	$1.15	$4.80	$2.03	$0.36	$0.02	$0.02	$0.07	$0.03	$0.01	$0.02
Adjusted Weighted Average Basic Shares Outstanding	330.80M	373.59M	379.37M	369.34M	355.09M	1.70B	1.56B	1.33B	1.31B	1.29B	1.03B
Adjusted Diluted Earnings per Share	($1.04)	$1.15	$4.67	$1.95	$0.34	$0.02	$0.02	$0.07	$0.03	$0.01	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	330.80M	374.82M	386.46M	383.77M	375.02M	1.75B	1.63B	1.36B	1.32B	1.31B	1.06B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	333.76M	328.51M	391.02M	372.53M	365.24M	1.74B	1.66B	1.35B	1.31B	1.30B	1.12B
Normalized Net Operating Profit after Tax (NOPAT)	-272	625	2,466	879	155	35	68	111	52	26	22
Normalized NOPAT Margin	-26.42%	27.08%	53.52%	52.34%	22.97%	10.12%	22.63%	34.37%	26.44%	14.07%	12.28%
Pre Tax Income Margin	-50.34%	35.47%	66.33%	61.65%	24.00%	10.82%	24.37%	35.58%	24.75%	7.79%	9.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	51.33	7.30	5.02	7.72	8.04	4.81	2.04	2.04
NOPAT to Interest Expense	0.00	0.00	0.00	42.90	6.03	3.76	6.34	6.83	4.08	1.83	2.05
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	26.52	2.70	-24.62	-5.58	4.10	-0.42	-4.14	-2.88
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	18.08	1.43	-25.88	-6.95	2.89	-1.15	-4.35	-2.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-8.00%	46.51%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-10.82%	126.48%	6.40%	0.00%	0.00%	0.00%	17.85%	0.00%	0.00%	25.93%	20.27%

No quarterly metrics and ratios for Daqo New Energy are available.

Frequently Asked Questions About Daqo New Energy's Financials

When does Daqo New Energy's financial year end?

According to the most recent income statement we have on file, Daqo New Energy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Daqo New Energy's net income changed over the last 10 years?

Daqo New Energy's net income appears to be on an upward trend, with a most recent value of -$448.15 million in 2024, falling from $16.65 million in 2014. The previous period was $652.89 million in 2023. Check out Daqo New Energy's forecast to explore projected trends and price targets.

What is Daqo New Energy's operating income?

Daqo New Energy's total operating income in 2024 was -$564.09 million, based on the following breakdown:

Total Gross Profit: -$212.93 million
Total Operating Expenses: $351.16 million

How has Daqo New Energy revenue changed over the last 10 years?

Over the last 10 years, Daqo New Energy's total revenue changed from $182.57 million in 2014 to $1.03 billion in 2024, a change of 463.7%.

How much debt does Daqo New Energy have?

Daqo New Energy's total liabilities were at $560.38 million at the end of 2024, a 42.7% decrease from 2023, and a 11.3% increase since 2014.

How much cash does Daqo New Energy have?

In the past 10 years, Daqo New Energy's cash and equivalents has ranged from $7.07 million in 2014 to $3.50 billion in 2022, and is currently $1.01 billion as of their latest financial filing in 2024.

How has Daqo New Energy's book value per share changed over the last 10 years?

Over the last 10 years, Daqo New Energy's book value per share changed from 1.19 in 2014 to 13.28 in 2024, a change of 1,013.5%.

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This page (NYSE:DQ) was last updated on 5/21/2025 by MarketBeat.com Staff

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Daqo New Energy (DQ) Financials

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Daqo New Energy (DQ) Financials

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