Noah Holdings Ltd

NYSE:NOAHFinancial ServicesNASDAQ:HXC

$7.07−2.08%At closeAt close · Tue 20 Oct · ≈ AED 25.96 · Market cap $531.52M · Next earnings Tue 1 Dec

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	78.8%	49.5%	53.5%	55.8%	48.1%	53.4%	—	—
Operating margin	38.1%	27.9%	35.1%	33.3%	24.4%	29.8%	29.8%	+0.0 pts
Net margin	−22.5%	30.6%	31.5%	30.6%	18.3%	21.4%	21.4%	+0.0 pts
EBITDA margin	41.0%	31.3%	40.1%	38.1%	30.4%	35.8%	—	—
Return on equity	−10.4%	16.3%	10.4%	9.8%	4.8%	5.7%	5.6%	−0.1 pts
Return on assets	−7.9%	12.1%	8.3%	8.0%	4.0%	4.8%	4.8%	+0.0 pts
Return on capital employed	16.7%	13.9%	11.0%	10.2%	6.1%	7.5%	—	—
Debt / equity	0.0×	0.0×	0.0×	0.0×	0.0×	0.0×	0.0×	−1.6%
Debt / assets	3.0%	2.0%	1.5%	2.6%	1.2%	0.8%	—	—
Interest coverage	0.0×	0.0×	0.0×	0.0×	0.0×	0.0×	—	—
Current ratio	3.6×	2.4×	3.3×	3.8×	4.5×	4.5×	4.5×	+0.0%
Quick ratio	3.6×	2.4×	3.3×	3.8×	4.5×	4.5×	—	—
Cash ratio	2.7×	1.5×	2.3×	2.7×	2.7×	3.1×	3.1×	+0.0%
Asset turnover	0.4×	0.4×	0.3×	0.3×	0.2×	0.2×	—	—
Inventory turnover	—	—	62.1×	—	—	—	—	—
Receivables turnover	2.4×	2.3×	3.4×	2.8×	2.3×	2.3×	—	—
Dividend payout	0.0%	0.0%	0.0%	17.6%	212.0%	97.8%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.