MINISO Group Holding (MNSO) Payables (2019 - 2025)
MINISO Group Holding (MNSO) reported Payables of $883.7 million for Q4 2025, up 40.71% year-over-year from $628.0 million in Q4 2024, and up 79.47% quarter-over-quarter from $492.4 million in Q2 2025.
MINISO Group Holding (MNSO) Payables (2019 - 2025) Analysis & Trends
MINISO Group Holding (MNSO) has 7 years of Payables data on file, last reported at $883.7 million in Q4 2025.
- Payables for Q4 2025 came in at $883.7 million, up 40.71% year-over-year; the trailing twelve-month figure through Dec 2025 was $883.7 million (up 40.71% YoY), and the FY2025 annual result was $883.7 million, up 42.7% from the prior year.
- Payables rose to $883.7 million in Q4 2025 per MNSO's latest filing, from $492.4 million in the prior quarter.
- Over five years, Payables peaked at $883.7 million in Q4 2025 and troughed at $93.3 million in Q2 2023.
- A 5-year average of $453.3 million and a median of $460.4 million in 2024 frame the typical range for Payables.
- The sharpest annual moves came in 2022 and 2024: Payables plunged 77.44% in 2022, then soared 427.83% in 2024.
- A 5-year view of Payables shows it stood at $718.1 million in 2021, then tumbled by 42.44% to $413.4 million in 2022, then sank by 71.22% to $119.0 million in 2023, then soared by 427.83% to $628.0 million in 2024, then surged by 40.71% to $883.7 million in 2025.
- Business Quant data shows MNSO's Payables at $883.7 million in Q4 2025, $492.4 million in Q2 2025, and $599.9 million in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 603.35 Mn |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 637.99 Mn |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 748.17 Mn |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 1.99 Bn |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 1.76 Bn |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 5.12 Bn |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | 32.55 Mn |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 368.38 Mn |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 1.02 Bn |
| 10 | MINISO Group Holding | 173,419.49 | -989.43 Mn | 409.04 Mn | 883.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 883.67 Mn |
| Jun 30, 2025 | 492.39 Mn |
| Mar 31, 2025 | 599.89 Mn |
| Dec 31, 2024 | 627.99 Mn |
| Aug 30, 2024 | 460.95 Mn |
| Jun 30, 2024 | 459.84 Mn |
| Mar 31, 2024 | 532.73 Mn |
| Dec 31, 2023 | 118.98 Mn |
| Jun 30, 2023 | 93.33 Mn |
| Dec 31, 2022 | 413.36 Mn |
| Jun 30, 2022 | 98.55 Mn |
| Feb 28, 2022 | 423.77 Mn |
| Dec 31, 2021 | 718.09 Mn |
| Sep 30, 2021 | 466.12 Mn |
| Jun 30, 2021 | 436.85 Mn |
| Mar 31, 2021 | 425.71 Mn |
| Dec 31, 2020 | 445.08 Mn |
| Sep 30, 2020 | 394.30 Mn |
| Jun 30, 2020 | 398.13 Mn |
| Jun 30, 2019 | 346.80 Mn |