NETTF (NetEase) Change In Working Capital: $1,194 Mil (TTM As of Mar. 2026)


NETTF NetEase Inc NETTF
93 GF Score
Price $24.26
GF Value $23.59
Valuation Fairly Valued
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What is NetEase Change In Working Capital?

NetEase NETTF -0.98% 93 Change In Working Capital is $1,194 Mil as of Mar. 2026. GuruFocus rates NETTF with a GF Score™ of 93/100 and a GF Value™ of $23.59 (Fairly Valued).

NetEase's change in working capital for the quarter that ended in Mar. 2026 was $30 Mil.

NetEase's change in working capital for the fiscal year that ended in Dec. 2025 was $1,238 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

NetEase Change In Working Capital Related Terms

NetEase Change In Working Capital Historical Data

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The historical data trend for NetEase's Change In Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NetEase Change In Working Capital Chart

NetEase Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 500.52 501.65 52.64 501.55 1,238.29

NetEase Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.61 215.97 322.40 625.53 30.47
NETTF
93GF Score
NetEase Inc NETTF
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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NetEase Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,194 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows Fiscal Years EndedJanuary 31,(Amounts in millions)
Cash flows from operating activities: 2014 2013 2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net (566) (614) (796)
Inventories (1,667) (2,759) (3,727)
Accounts payable 531 1,061 2,687
Accrued liabilities 103 271 (935)
Accrued income taxes (1,224) 981 994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Change In Working Capital of $1,194 Mil mean?
NetEase (NETTF) has a Change In Working Capital of $1,194 Mil as of Mar. 2026. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for NetEase.
Is NetEase's Change In Working Capital too high?
NetEase's current Change In Working Capital is $1,194 Mil. Overall, NetEase has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Change In Working Capital compare to EA and TTWO?
NetEase's Change In Working Capital of $1,194 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Working Capital for an Interactive Media company?
A good Change In Working Capital depends on the Interactive Media industry context. However, Change In Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Working Capital mean?
A high Change In Working Capital can signal that a stock is expensive relative to its fundamentals. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for NetEase. NetEase's current Change In Working Capital is $1,194 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (NETTF) is currently considered Fairly Valued. The stock's GF Value™ is $23.59, compared to a current price of $24.26 — trading 2.8% above its estimated fair value. The current Change In Working Capital is $1,194 Mil. NetEase's overall GF Score™ is 93/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Working Capital calculated?
Change In Working Capital is calculated from a company's financial statements. For NetEase (NETTF), the current Change In Working Capital is $1,194 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NetEase (NETTF) Overvalued in 2026?

Based on GuruFocus' analysis, NetEase stock appears to be overvalued. The current stock price of $24.26 is trading 2.8% above its estimated GF Value™ of $23.59. GuruFocus considers NetEase to be Fairly Valued.

Key valuation signals for NETTF:

  • Change In Working Capital: $1,194 Mil
  • GF Value™: $23.59 vs. price of $24.26 (2.8% above fair value)
  • GF Score™: 93/100

No single metric tells the full story. See the NETTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NetEase Business Description

Address No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
93GF Score

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Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$24.26
Price
$23.59
GF Value