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.
Guangdong Homa Appliances Co Ltd
Physical assets are 29.8% of total assets, a light footprint. Capex is 1.95x 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.
Fixed-asset turnover is 5.94x. Compare it with other names in the same basket.
Physical asset ratio
29.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.94x
Revenue per dollar of the physical asset base.
Capex / D&A
1.95x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 4.24
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.13x
Price CNY 9.05.
Fixed-charge coverage
2.51x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
18.0%
Latest free cash flow divided by current market cap (CNY 10.11B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.78x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 21.1% | 6.36x | 0.74x | CNY 2.00 | -0.63x | -CNY 296.92M | — | -1.42x |
| 2019 | 20.7% | 6.95x | 0.55x | CNY 2.25 | 0.39x | CNY 1.05B | 4.0% | 0.13x |
| 2020 | 18.8% | 8.82x | 0.38x | CNY 1.59 | -0.15x | CNY 2.30B | — | -0.30x |
| 2021 | 25.8% | 10.68x | 1.54x | CNY 1.16 | 1.05x | CNY 719.10M | — | 0.54x |
| 2022 | 32.6% | 9.43x | 0.89x | CNY 1.48 | 1.64x | CNY 4.11M | — | 0.90x |
| 2023 | 29.8% | 6.90x | 1.88x | CNY 1.95 | 2.34x | CNY 2.31B | — | 0.81x |
| 2024 | 30.6% | 6.60x | 2.37x | CNY 3.02 | 2.86x | CNY 1.55B | — | 0.81x |
| 2025 | 29.8% | 5.94x | 1.95x | CNY 4.24 | 2.51x | CNY 1.82B | — | 0.78x |
- 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.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: CNY 3.11B
Inventory: CNY 1.55B
Total assets: CNY 15.64B
Goodwill: CNY 6.19M
Intangibles: CNY 260.36M
Liabilities: CNY 10.77B
Tangible book: CNY 4.60B
Shares: 1,084,111,428
Revenue: CNY 18.49B
Capex: CNY 789.05M
D&A: CNY 404.01M
EBITDA: CNY 2.85B
Interest: CNY 56.06M
Short-term debt: CNY 764.56M
Free cash flow: CNY 1.82B
Operating income: CNY 2.44B
Invested capital: —
Tax rate: 16.2%