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.
Zhejiang Supor Co Ltd
Physical assets are 29.0% of total assets, a light footprint. Capex is 1.35x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. That coverage ratio uses interest only, because short-term debt was not on the balance sheet.
Fixed-asset turnover is 15.34x. Compare it with other names in the same basket.
Physical asset ratio
29.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
15.34x
Revenue per dollar of the physical asset base.
Capex / D&A
1.35x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 7.45
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
5.72x
Price CNY 42.60.
Fixed-charge coverage
184.56x
EBITDA minus capex, divided by interest only.
FCF yield
7.3%
Latest free cash flow divided by current market cap (CNY 33.70B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.74x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 30.8% | 19.64x | 1.69x | CNY 6.71 | 573.46x | CNY 1.81B | — | 2.18x |
| 2019 | 28.5% | 17.66x | 3.67x | CNY 7.77 | 999.77x | CNY 1.28B | 42.5% | 2.04x |
| 2020 | 31.0% | 12.78x | 2.13x | CNY 8.30 | 7.39x | CNY 1.80B | 33.4% | 1.51x |
| 2021 | 33.2% | 14.26x | 1.52x | CNY 8.88 | 3.88x | CNY 1.82B | 39.2% | 1.58x |
| 2022 | 30.9% | 13.40x | 1.09x | CNY 8.22 | 2.24x | CNY 2.99B | 64.5% | 1.68x |
| 2023 | 28.7% | 14.26x | 0.86x | CNY 7.43 | 12.66x | CNY 1.90B | 82.3% | 1.80x |
| 2024 | 30.7% | 14.89x | 1.40x | CNY 7.60 | 2.00x | CNY 2.38B | 58.3% | 1.81x |
| 2025 | 29.0% | 15.34x | 1.35x | CNY 7.45 | 184.56x | CNY 2.45B | — | 1.74x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: CNY 1.48B
Inventory: CNY 2.41B
Total assets: CNY 13.42B
Goodwill: CNY 0.00
Intangibles: CNY 390.43M
Liabilities: CNY 7.10B
Tangible book: CNY 5.93B
Shares: 796,021,336
Revenue: CNY 22.77B
Capex: CNY 200.57M
D&A: CNY 148.48M
EBITDA: CNY 2.74B
Interest: CNY 13.74M
Short-term debt: —
Free cash flow: CNY 2.45B
Operating income: CNY 2.59B
Invested capital: —
Tax rate: 19.0%