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.
Haier Smart Home Co Ltd
Physical assets are 34.5% of total assets, a mixed footprint. Capex is 1.01x 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. EBITDA after capex covers debt service by 0.97x, which is below 1.
Fixed-asset turnover is 5.48x. Compare it with other names in the same basket.
Physical asset ratio
34.5%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.48x
Revenue per dollar of the physical asset base.
Capex / D&A
1.01x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$9.27
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.17x
Price $20.12.
Fixed-charge coverage
0.97x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
9.3%
Latest free cash flow divided by current market cap ($187.18B).
ROIC
22.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.43x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 26.2% | 8.62x | 2.18x | $3.97 | 4.64x | $12.18B | 41.5% | 0.54x |
| 2019 | 29.1% | 7.63x | 1.36x | $4.46 | 1.40x | $8.89B | 24.6% | 0.55x |
| 2020 | 27.9% | 7.67x | 1.58x | $4.04 | 1.71x | $9.83B | 25.4% | 0.50x |
| 2021 | 31.8% | 7.79x | 1.53x | $5.30 | 1.18x | $15.76B | 28.8% | 0.54x |
| 2022 | 32.5% | 6.95x | 1.45x | $6.45 | 1.53x | $11.95B | 20.8% | 0.51x |
| 2023 | 34.5% | 5.45x | 1.39x | $7.52 | 1.57x | $15.36B | 21.3% | 0.41x |
| 2024 | 33.0% | 5.42x | 1.32x | $8.17 | 1.39x | $16.47B | 23.9% | 0.43x |
| 2025 | 34.5% | 5.48x | 1.01x | $9.27 | 0.97x | $17.33B | 22.3% | 0.43x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $55.18B
Inventory: $46.87B
Total assets: $295.92B
Goodwill: $27.31B
Intangibles: $14.65B
Liabilities: $168.45B
Tangible book: $85.51B
Shares: 9,222,976,000
Revenue: $302.35B
Capex: $8.62B
D&A: $8.52B
EBITDA: $28.24B
Interest: $2.77B
Short-term debt: $17.42B
Free cash flow: $17.33B
Operating income: $23.73B
Invested capital: $91.17B
Tax rate: 14.1%