The business behind the dividend
| Measure | AIJTY | Median | Formula |
|---|---|---|---|
| Return on equity | 10.9% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $4.76m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $15.06m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 2.2% | 14.3% | Operating income ÷ revenue |
| Net margin | 3.3% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | 1.63x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | 3.29x | 1.66x | Operating cash flow ÷ net income |
| Accruals | -12.8% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | Median |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 10.9% | 20.4% | -6.4% | -28.9% | -39.8% | -43.4% | -42.6% | -10.4% | -13.1% | -13.1% |
| Operating margin | 2.2% | 5.0% | -4.9% | -15.4% | -32.1% | -55.0% | -38.7% | -8.9% | -12.0% | -12.0% |
| Net margin | 3.3% | 10.5% | -2.5% | -12.6% | -24.8% | -51.9% | -31.5% | -8.2% | -14.0% | -12.6% |
| Current ratio | 1.63x | 1.89x | 1.72x | 1.73x | 1.80x | 1.94x | 2.49x | 2.98x | 5.03x | 1.89x |
| Cash conversion | 3.29x | 0.75x | — | — | — | — | — | — | — | 0.75x |
How it compares in technology
Among the 101 technology companies here measured on free cash flow, Jianpu Technology pays out less than 3 of them. The median for that group is 27.8%, against this company’s 243.3%.
Closest on free cash flow
- Autohome (ATHM) 192.0%
- Texas Instruments (TXN) 192.0%
- i3 Verticals (IIIV) 267.3%
- CCC Intelligent Solutions Holdings (CCC) 302.4%
Same sector and same denominator, so the figures are comparable. All 115 in technology →