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.
Ecovacs Robotics Co Ltd
Physical assets are 34.7% of total assets, a mixed footprint. Capex is 1.52x 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. ROIC is 48.9%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 6.83x. Compare it with other names in the same basket.
Physical asset ratio
34.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
6.83x
Revenue per dollar of the physical asset base.
Capex / D&A
1.52x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
CNY 15.02
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
3.02x
Price CNY 45.43.
Fixed-charge coverage
31.75x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
10.1%
Latest free cash flow divided by current market cap (CNY 26.72B).
ROIC
48.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.68x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 40.7% | 10.56x | 3.80x | CNY 4.47 | 3.89x | -CNY 299.49M | 33.7% | 1.01x |
| 2019 | 41.1% | 6.81x | 3.01x | CNY 4.28 | -0.36x | -CNY 50.66M | 7.5% | 0.18x |
| 2020 | 33.3% | 9.42x | 1.12x | CNY 5.40 | 5.40x | CNY 1.06B | 54.2% | 0.95x |
| 2021 | 31.4% | 13.75x | 2.63x | CNY 8.81 | 34.31x | CNY 1.38B | 120.8% | 2.37x |
| 2022 | 31.7% | 11.64x | 3.62x | CNY 10.93 | 1.87x | CNY 1.05B | 66.1% | 1.38x |
| 2023 | 35.6% | 8.10x | 3.46x | CNY 10.97 | -0.24x | CNY 190.42M | 19.4% | 0.33x |
| 2024 | 31.5% | 6.98x | 1.88x | CNY 12.07 | 0.55x | CNY 143.64M | 20.9% | 0.38x |
| 2025 | 34.7% | 6.83x | 1.52x | CNY 15.02 | 31.75x | CNY 2.70B | 48.9% | 0.68x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: CNY 2.79B
Inventory: CNY 3.25B
Total assets: CNY 17.43B
Goodwill: CNY 0.00
Intangibles: CNY 346.55M
Liabilities: CNY 8.39B
Tangible book: CNY 8.70B
Shares: 578,921,306
Revenue: CNY 19.04B
Capex: CNY 683.54M
D&A: CNY 449.78M
EBITDA: CNY 2.38B
Interest: CNY 40.39M
Short-term debt: CNY 12.90M
Free cash flow: CNY 2.70B
Operating income: CNY 1.88B
Invested capital: CNY 3.59B
Tax rate: 6.7%