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.
AK Medical Holdings Ltd
Physical assets are 31.6% of total assets, a mixed footprint. Capex is 0.96x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 21.1%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 2.12x. Compare it with other names in the same basket.
Physical asset ratio
31.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.12x
Revenue per dollar of the physical asset base.
Capex / D&A
0.96x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.43
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.86x
Price $4.52.
Fixed-charge coverage
5.04x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.6%
Latest free cash flow divided by current market cap ($4.81B).
ROIC
21.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.53x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 32.5% | 3.18x | 3.55x | $0.75 | 3.41x | $54.46M | 33.8% | 0.91x |
| 2019 | 34.7% | 3.26x | 3.32x | $1.00 | 99.18x | $37.74M | 42.0% | 1.11x |
| 2020 | 28.7% | 2.84x | 1.48x | $1.64 | 27.46x | $115.47M | 27.0% | 1.04x |
| 2021 | 30.9% | 1.99x | 1.03x | $1.61 | 8.61x | $100.39M | 6.9% | 0.26x |
| 2022 | 30.2% | 2.42x | 1.51x | $1.77 | 12.83x | $121.20M | 15.1% | 0.50x |
| 2023 | 39.0% | 1.90x | 2.16x | $1.96 | 5.61x | -$162.14M | 9.7% | 0.37x |
| 2024 | 35.1% | 1.97x | 1.68x | $2.18 | 3.83x | $289.11M | 15.2% | 0.44x |
| 2025 | 31.6% | 2.12x | 0.96x | $2.43 | 5.04x | $316.09M | 21.1% | 0.53x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $700.04M
Inventory: $459.41M
Total assets: $3.66B
Goodwill: $113.46M
Intangibles: $81.17M
Liabilities: $750.15M
Tangible book: $2.72B
Shares: 1,119,805,110
Revenue: $1.48B
Capex: $102.94M
D&A: $106.88M
EBITDA: $480.76M
Interest: $2.94M
Short-term debt: $71.96M
Free cash flow: $316.09M
Operating income: $373.88M
Invested capital: $1.52B
Tax rate: 14.1%