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.
China Harmony Auto Holding Ltd
Physical assets are 55.2% of total assets, a heavy footprint. Capex is 1.06x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -0.05x, which is below 1.
Fixed-asset turnover is 4.20x. Compare it with other names in the same basket.
Physical asset ratio
55.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.20x
Revenue per dollar of the physical asset base.
Capex / D&A
1.06x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$3.10
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.14x
Price $0.45.
Fixed-charge coverage
-0.05x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-47.7%
Latest free cash flow divided by current market cap ($649.58M).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -0.10x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 33.1% | 4.22x | 4.82x | $4.38 | 0.16x | -$404.86M | 4.7% | 0.17x |
| 2019 | 39.2% | 3.92x | 1.86x | $4.73 | 0.22x | -$190.11M | 5.7% | 0.20x |
| 2020 | 38.4% | 4.05x | 0.70x | $4.71 | 0.30x | $607.63M | 5.7% | 0.21x |
| 2021 | 37.8% | 4.64x | 2.44x | $5.03 | 0.23x | $37.73M | 8.1% | 0.27x |
| 2022 | 51.6% | 4.05x | 1.17x | $3.81 | -0.65x | $397.59M | — | -0.34x |
| 2023 | 49.1% | 4.32x | 1.00x | $3.61 | -0.02x | $5.03M | — | -0.01x |
| 2024 | 52.7% | 3.45x | 1.59x | $3.31 | -0.07x | -$779.36M | — | -0.03x |
| 2025 | 55.2% | 4.20x | 1.06x | $3.10 | -0.05x | -$309.61M | — | -0.10x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $4.77B
Inventory: $2.35B
Total assets: $12.91B
Goodwill: $197.65M
Intangibles: $130.65M
Liabilities: $7.85B
Tangible book: $4.73B
Shares: 1,523,264,677
Revenue: $20.03B
Capex: $573.25M
D&A: $542.78M
EBITDA: $343.46M
Interest: $249.31M
Short-term debt: $4.11B
Free cash flow: -$309.61M
Operating income: -$464.69M
Invested capital: $7.10B
Tax rate: —