STG Cash Conversion Ratio

Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares · Cash Conversion Ratio

STG Cash Conversion Ratio

Current (TTM)0.44×retrievedOct 20, 2026

STG Cash Conversion Ratio (0.02× → 0.44×)

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STG cash conversion ratio history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares Cash Conversion Ratio — Annual fiscal periods

Period ending	Cash Conversion Ratio
Dec 31, 2025	0.39×
Dec 31, 2024	0.5704×
Dec 31, 2023	0.2098×
Dec 31, 2022	0.0628×
Dec 31, 2021	-1.7794×
Dec 31, 2020	0.4987×
Dec 31, 2019	1.4153×
Dec 31, 2018	0.3645×
Dec 31, 2017	-0.4579×
Dec 31, 2016	-0.2862×
Dec 31, 2015	0.0168×