MINISO Group Holding Limited (MNSO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2024, filed Apr 24, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MNSO SEC filings page.
MINISO Group Holding Limited (MNSO) reported $2.3B in revenue for fiscal year 2024, up 47.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of MINISO Group Holding Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
MINISO Group Holding Limited has an operating margin of 19.5%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 76/100, reflecting efficient cost management and pricing power. This is up from 19.4% the prior year.
MINISO Group Holding Limited's revenue surged 47.1% year-over-year to $2.3B, reflecting rapid business expansion. This strong growth earns a score of 85/100.
MINISO Group Holding Limited carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
MINISO Group Holding Limited's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.
Not available for MINISO Group Holding Limited, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
MINISO Group Holding Limited earns a strong 25.4% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is up from 19.9% the prior year.
MINISO Group Holding Limited scores 3.89, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $2.9B against total liabilities of $1.1B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
MINISO Group Holding Limited passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, MINISO Group Holding Limited generates $0.83 in operating cash flow ($297.1M OCF vs $358.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
MINISO Group Holding Limited earns $2,566.40 in operating income for every $1 of interest expense ($454.3M vs $177K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
MINISO Group Holding Limited generated $2.3B in revenue in fiscal year 2024. This represents an increase of 47.1% from the prior year.
MINISO Group Holding Limited's EBITDA was $565.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 56.7% from the prior year.
MINISO Group Holding Limited reported $358.6M in net income in fiscal year 2024. This represents an increase of 47.0% from the prior year.
MINISO Group Holding Limited earned $0.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 48.0% from the prior year.
Cash & Balance Sheet
MINISO Group Holding Limited held $866.9M in cash against $590K in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
MINISO Group Holding Limited's gross margin was 44.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 6.2 percentage points from the prior year.
MINISO Group Holding Limited's operating margin was 19.5% in fiscal year 2024, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
MINISO Group Holding Limited's net profit margin was 15.4% in fiscal year 2024, showing the share of revenue converted to profit. That is unchanged from the prior year.
MINISO Group Holding Limited's ROE was 25.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.5 percentage points from the prior year.
Capital Allocation
MINISO Group Holding Limited spent $45.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 902.9% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
MNSO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Revenue | $2.3B+47.1% | $1.6B+5.1% | $1.5B+7.2% | $1.4B+10.6% | $1.3B-7.1% | $1.4B |
| Cost of Revenue | $1.3B+32.2% | $969.5M-7.4% | $1.0B+1.8% | $1.0B+16.3% | $884.1M-11.8% | $1.0B |
| Gross Profit | $1.0B+70.8% | $612.7M+33.7% | $458.3M+21.7% | $376.5M-2.7% | $386.8M+5.7% | $365.8M |
| Operating Income | $454.3M+48.2% | $306.6M+132.8% | $131.7M+112.0% | $62.1M-42.8% | $108.5M-26.7% | $148.1M |
| EBITDA | $565.1M+56.7% | $360.5M+89.9% | $189.9M+84.1% | $103.2M-29.6% | $146.5M-16.8% | $176.0M |
| Interest Expense | $177K+467.9% | $31K-48.5% | $60K-74.7% | $239K-67.6% | $739K+114.6% | $344K |
| Income Tax | $97.6M+28.2% | $76.1M+90.8% | $39.9M+20.7% | $33.0M+10.6% | $29.9M-26.7% | $40.7M |
| Net Income | $358.6M+47.0% | $243.9M+156.0% | $95.3Mn/m | -$219.2Mn/m | -$37.1Mn/m | -$42.3M |
| EPS (Basic) | $0.29+47.7% | $0.20+147.5% | $0.08n/m | -$0.18n/m | -$0.04n/m | -$0.05 |
| EPS (Diluted) | $0.29+48.0% | $0.19+150.5% | $0.08n/m | -$0.18n/m | -$0.04n/m | -$0.05 |
| Diluted Shares (Avg) | 1.25B-0.3% | 1.25B+2.8% | 1.22B | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.
MNSO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Total Assets | $2.5B+33.9% | $1.9B+10.1% | $1.7B+1.6% | $1.7B+100.7% | $826.1M | N/A |
| Current Assets | $1.6B+16.9% | $1.4B+13.3% | $1.2B-15.4% | $1.4B+101.9% | $705.8M | N/A |
| Cash & Equivalents | $866.9M-3.1% | $894.9M+12.1% | $798.5M-23.9% | $1.0B+159.6% | $404.0M | N/A |
| Inventory | $376.8M+88.4% | $200.0M+12.8% | $177.4M-23.4% | $231.7M+17.3% | $197.5M | N/A |
| Accounts Receivable | $302.4M+90.6% | $158.6M+0.6% | $157.7M+23.4% | $127.7M+23.6% | $103.3M | N/A |
| Goodwill | $2.9M+1.0% | $2.9M+0.4% | $2.9M-4.8% | $3.0Mn/m | $0 | N/A |
| Total Liabilities | $1.1B+70.3% | $624.6M-1.7% | $635.2M+1.2% | $627.7M-28.0% | $871.8M | N/A |
| Current Liabilities | $784.6M+46.4% | $535.8M-5.3% | $565.6M+4.9% | $539.4M+15.2% | $468.4M | N/A |
| Non-Current Liabilities | $279.1M+214.4% | $88.8M+27.7% | $69.5M-21.2% | $88.3M-78.1% | $403.3M | N/A |
| Long-Term Debt | $590K-40.7% | $995K+2.5% | $971K-9.5% | $1.1M-50.2% | $2.2M | N/A |
| Total Equity | $1.4B+15.1% | $1.2B+16.9% | $1.0B+1.8% | $1.0Bn/m | -$47.6Mn/m | -$16.6M |
| Retained Earnings | $589.4M+692.4% | $74.4Mn/m | -$290.3Mn/m | -$396.2Mn/m | -$159.2M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
MNSO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $297.1M+29.3% | $229.8M+9.4% | $209.9M+47.9% | $141.9M+21.3% | $117.0M-22.7% | $151.3M |
| Depreciation & Amortization | $110.8M+105.4% | $53.9M-7.3% | $58.2M+41.8% | $41.0M+7.9% | $38.0M+36.1% | $27.9M |
| Investing Cash Flow | -$73.1Mn/m | -$40.5Mn/m | -$317.4Mn/m | -$80.4M-222.7% | $65.5Mn/m | -$30.7M |
| Financing Cash Flow | -$235.7Mn/m | -$45.0Mn/m | -$109.5M-120.0% | $547.7Mn/m | -$16.7M-118.5% | $90.3M |
| Dividends Paid | $170.5M+233.4% | $51.1M+11.8% | $45.7M | N/A | $46.8M | N/A |
| Share Buybacks | $45.2M+902.9% | $4.5M-63.2% | $12.3M | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
MNSO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F |
|---|---|---|---|---|---|---|
| Gross Margin | 44.9%+6.2pp | 38.7%+8.3pp | 30.4%+3.6pp | 26.8%-3.6pp | 30.4%+3.7pp | 26.7% |
| Operating Margin | 19.5%+0.1pp | 19.4%+10.6pp | 8.8%+4.3pp | 4.4%-4.1pp | 8.5%-2.3pp | 10.8% |
| Net Margin | 15.4%0.0pp | 15.4%+9.1pp | 6.3%+21.9pp | -15.6%-12.7pp | -2.9%+0.2pp | -3.1% |
| Return on Equity | 25.4%+5.5pp | 19.9%+10.8pp | 9.1%+30.3pp | -21.3% | N/A | N/A |
| Return on Assets | 14.4%+1.3pp | 13.2%+7.5pp | 5.7%+18.9pp | -13.2%-8.7pp | -4.5% | N/A |
| Current Ratio | 2.04-0.5x | 2.55+0.4x | 2.13-0.5x | 2.64+1.1x | 1.51 | N/A |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.00 | N/A | N/A |
| Liabilities-to-Equity | 0.75+0.2x | 0.51-0.1x | 0.600.0x | 0.61 | N/A | N/A |
| Asset Turnover | 0.94+0.1x | 0.850.0x | 0.890.0x | 0.85-0.7x | 1.54 | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MINISO Group Holding Limited MNSO | FY2024 | $2.3B | $358.6M | 15.4% | $2.9B | 80/100 |
| Five Below, Inc. FIVE | FY2025 | $4.8B | $358.6M | 7.5% | $12.3B | 62/100 |
| MURPHY USA INC. MUSA | FY2025 | $19.4B | $470.6M | 2.4% | $9.9B | 39/100 |
| Bath & Body Works, Inc. BBWI | FY2025 | $7.3B | $649.0M | 8.9% | $4.1B | 56/100 |
| RH RH | FY2025 | $3.4B | $124.8M | 3.6% | $2.4B | 42/100 |
| Academy Sports and Outdoors, Inc. ASO | FY2025 | $6.1B | $376.8M | 6.2% | $3.7B | 57/100 |
Where MINISO Group Holding Limited Ranks
Frequently Asked Questions
What is MINISO Group Holding Limited's annual revenue?
MINISO Group Holding Limited (MNSO) reported $2.3B in total revenue for fiscal year 2024. This represents a 47.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MINISO Group Holding Limited's revenue growing?
MINISO Group Holding Limited (MNSO) revenue grew by 47.1% year-over-year, from $1.6B to $2.3B in fiscal year 2024.
Is MINISO Group Holding Limited profitable?
Yes, MINISO Group Holding Limited (MNSO) reported a net income of $358.6M in fiscal year 2024, with a net profit margin of 15.4%.
What is MINISO Group Holding Limited's EBITDA?
MINISO Group Holding Limited (MNSO) had EBITDA of $565.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does MINISO Group Holding Limited have?
As of fiscal year 2024, MINISO Group Holding Limited (MNSO) had $866.9M in cash and equivalents against $590K in long-term debt.
What is MINISO Group Holding Limited's gross margin?
MINISO Group Holding Limited (MNSO) had a gross margin of 44.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is MINISO Group Holding Limited's operating margin?
MINISO Group Holding Limited (MNSO) had an operating margin of 19.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is MINISO Group Holding Limited's net profit margin?
MINISO Group Holding Limited (MNSO) had a net profit margin of 15.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is MINISO Group Holding Limited's return on equity (ROE)?
MINISO Group Holding Limited (MNSO) has a return on equity of 25.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is MINISO Group Holding Limited's operating cash flow?
MINISO Group Holding Limited (MNSO) generated $297.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are MINISO Group Holding Limited's total assets?
MINISO Group Holding Limited (MNSO) had $2.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What is MINISO Group Holding Limited's current ratio?
MINISO Group Holding Limited (MNSO) had a current ratio of 2.04 as of fiscal year 2024, which is generally considered healthy.
What is MINISO Group Holding Limited's debt-to-equity ratio?
MINISO Group Holding Limited (MNSO) had a debt-to-equity ratio of 0.00 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is MINISO Group Holding Limited's liabilities-to-equity ratio?
MINISO Group Holding Limited (MNSO) had a liabilities-to-equity ratio of 0.75 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is MINISO Group Holding Limited's return on assets (ROA)?
MINISO Group Holding Limited (MNSO) had a return on assets of 14.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is MINISO Group Holding Limited's P/E ratio?
MINISO Group Holding Limited (MNSO) trades at 8.0x earnings, its market capitalization divided by $358.6M net income, FY2024. The market capitalization is $2.9B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MINISO Group Holding Limited's price-to-sales ratio?
MINISO Group Holding Limited (MNSO) trades at 1.2x sales, its market capitalization divided by $2.3B revenue, FY2024. The market capitalization is $2.9B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MINISO Group Holding Limited's Altman Z-Score?
MINISO Group Holding Limited (MNSO) has an Altman Z-Score of 3.89, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is MINISO Group Holding Limited's Piotroski F-Score?
MINISO Group Holding Limited (MNSO) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MINISO Group Holding Limited's earnings high quality?
MINISO Group Holding Limited (MNSO) has an earnings quality ratio of 0.83x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can MINISO Group Holding Limited cover its interest payments?
MINISO Group Holding Limited (MNSO) has an interest coverage ratio of 2,566.40x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is MINISO Group Holding Limited?
MINISO Group Holding Limited (MNSO) scores 80 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For MINISO Group Holding Limited it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.