Daqo New Energy (DQ) Financials

$13.98 +0.88 (+6.69%)

Closing price 03:59 PM Eastern

Extended Trading

$14.04 +0.06 (+0.41%)

As of 06:08 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	17	13	43	93	38	30	129	749	1,820	430	-345
Consolidated Net Income / (Loss)	17	13	44	94	39	30	134	865	2,480	653	-448
Net Income / (Loss) Continuing Operations	17	13	41	98	62	28	134	0.00	0.00	0.00	-448
Total Pre-Tax Income	17	14	49	115	74	38	162	1,035	3,057	818	-518
Total Operating Income	32	26	61	131	81	47	188	1,051	3,041	783	-564
Total Gross Profit	43	38	78	144	98	80	234	1,097	3,408	921	-213
Total Revenue	183	182	196	323	302	350	676	1,679	4,608	2,308	1,029
Operating Revenue	183	182	196	323	302	350	676	1,679	4,608	2,308	1,029
Total Cost of Revenue	139	144	118	179	203	270	442	582	1,200	1,387	1,242
Operating Cost of Revenue	139	144	118	179	203	270	442	582	1,200	1,387	1,242
Total Operating Expenses	11	11	17	13	17	33	46	46	367	137	351
Selling, General & Admin Expense	10	13	15	16	27	32	39	40	354	213	143
Research & Development Expense	1.49	0.92	3.88	0.68	2.74	5.71	6.86	6.50	10	10	4.56
Other Operating Expenses / (Income)	-0.55	-3.82	-2.29	-3.48	-13	-5.55	-0.19	-0.61	3.18	-86	28
Impairment Charge	0.00	1.62	-	-	-	-	-	-	-	-	176
Total Other Income / (Expense), net	-15	-12	-13	-16	-7.69	-9.60	-26	-16	16	35	46
Interest Expense	16	13	13	16	11	9.41	26	20	-14	-52	-30
Interest & Investment Income	0.32	0.49	0.15	0.46	1.24	0.00	0.00	4.01	1.11	0.11	18
Other Income / (Expense), net	-0.06	0.64	0.01	-0.01	1.84	-0.19	0.00	0.00	0.68	-17	-2.38
Income Tax Expense	0.00	1.14	7.36	17	12	9.62	28	170	577	166	-70
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.09	0.43	1.01	0.64	-0.00	4.61	116	660	223	-103
Basic Earnings per Share	$0.08	$0.05	$0.17	$0.35	$0.12	$0.09	$0.36	$2.03	$4.80	$1.15	($1.04)
Weighted Average Basic Shares Outstanding	206.35M	258.02M	261.74M	265.07M	311.72M	339.57M	355.09M	369.34M	379.37M	373.59M	330.80M
Diluted Earnings per Share	$0.08	$0.05	$0.16	$0.34	$0.12	$0.08	$0.34	$1.95	$4.67	$1.15	($1.04)
Weighted Average Diluted Shares Outstanding	211.35M	261.41M	264.82M	272.93M	325.51M	349.96M	375.02M	383.77M	386.46M	374.82M	330.80M
Weighted Average Basic & Diluted Shares Outstanding	223.58M	260.84M	262.96M	270.92M	332.03M	347.42M	365.24M	372.53M	391.02M	328.51M	333.76M

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

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

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

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 fiscal year end?

According to the most recent income statement we have on file, Daqo New Energy's financial year ends in December. Their financial 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. View Daqo New Energy's forecast to see where analysts expect Daqo New Energy to go next.

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 5/12/2025 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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