Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Konka Group Co Ltd
Physical assets are 30.0% of total assets, a mixed footprint. Capex is 0.53x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -1.80x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 1.95x.
Physical asset ratio
30.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.95x
Revenue per dollar of the physical asset base.
Capex / D&A
0.53x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-CNY 2.75
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price CNY 2.46.
Fixed-charge coverage
-1.80x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-32.1%
Latest free cash flow divided by current market cap (CNY 5.92B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.37x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 30.5% | 10.06x | 2.39x | CNY 3.26 | 0.05x | -CNY 3.72B | 0.7% | 0.03x |
| 2019 | 28.6% | 8.04x | 12.26x | CNY 3.30 | -0.18x | -CNY 5.47B | 1.0% | 0.04x |
| 2020 | 34.0% | 4.06x | 14.19x | CNY 3.68 | -0.31x | -CNY 5.46B | 1.8% | 0.04x |
| 2021 | 24.2% | 8.81x | 14.13x | CNY 3.82 | -0.32x | -CNY 5.83B | 3.9% | 0.27x |
| 2022 | 27.8% | 4.81x | 8.10x | CNY 3.04 | -0.50x | -CNY 4.14B | — | -0.32x |
| 2023 | 26.6% | 2.84x | 2.96x | CNY 1.99 | -0.39x | -CNY 923.46M | — | -0.41x |
| 2024 | 28.8% | 1.84x | 1.26x | CNY 0.51 | -0.47x | -CNY 446.59M | — | -0.61x |
| 2025 | 30.0% | 1.95x | 0.53x | -CNY 2.75 | -1.80x | -CNY 1.90B | — | -0.37x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: CNY 5.05B
Inventory: CNY 1.66B
Total assets: CNY 22.35B
Goodwill: CNY 0.00
Intangibles: CNY 772.23M
Liabilities: CNY 28.21B
Tangible book: -CNY 6.63B
Shares: 2,407,945,408
Revenue: CNY 9.84B
Capex: CNY 291.91M
D&A: CNY 547.48M
EBITDA: -CNY 9.53B
Interest: CNY 871.62M
Short-term debt: CNY 4.58B
Free cash flow: -CNY 1.90B
Operating income: -CNY 1.85B
Invested capital: CNY 313.50M
Tax rate: —