Uxin (UXIN, Financial), a leading e-commerce platform for used cars, has released its financial results for the third quarter of fiscal year 2024. The company reported a net loss of $8.49 million, marking a 7.74% decrease compared to the same period last year. However, Uxin's operating revenue saw a significant increase of 41.20%, reaching $69.37 million. The basic earnings per share stood at -$0.05.
Analyzing the balance sheet, Uxin's total liabilities amounted to $297 million, with short-term debt at $46.43 million. The company maintains a debt-to-asset ratio of 0.95 and a current ratio of 44.48, indicating its ability to cover short-term obligations.
As of November 27, 2024, one institution has set a target price for Uxin, with an average, minimum, and maximum target price all at $638.39.
Uxin Limited operates as an investment holding company and manages a used car e-commerce platform through its mobile app and website. It facilitates used car transactions for buyers and offers financing solutions through third-party partners. The company generates revenue from scrap car sales commissions and financing lease interest income, with all operations and assets based in China.
