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.
Simply Good Foods Co
Physical assets are 8.6% of total assets, a light footprint. Capex is 0.86x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 8.3%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 36.51x. Compare it with other names in the same basket.
Physical asset ratio
8.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
36.51x
Revenue per dollar of the physical asset base.
Capex / D&A
0.86x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$0.44
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $11.13.
Fixed-charge coverage
5.58x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
16.7%
Latest free cash flow divided by current market cap ($948.09M).
ROIC
8.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 5.50x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 3.3% | 168.20x | 0.24x | -$1.51 | 5.41x | $58.95M | 8.5% | 25.01x |
| 2019 | 3.5% | 213.26x | 0.14x | -$0.76 | 0.81x | $72.01M | — | 32.70x |
| 2020 | 4.8% | 21.75x | 0.09x | -$5.74 | 3.93x | $57.19M | 5.7% | 3.03x |
| 2021 | 5.5% | 60.64x | 0.29x | -$5.07 | 4.05x | $125.38M | 6.3% | 10.91x |
| 2022 | 9.0% | 18.09x | 0.22x | -$2.26 | 6.78x | $104.34M | 8.0% | 3.15x |
| 2023 | 8.5% | 19.15x | 0.45x | -$0.79 | 7.30x | $156.24M | 8.6% | 3.16x |
| 2024 | 8.1% | 22.22x | 0.23x | -$1.98 | 7.41x | $208.03M | 8.1% | 3.69x |
| 2025 | 8.6% | 36.51x | 0.86x | -$0.44 | 5.58x | $157.92M | 8.3% | 5.50x |
- 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 short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $39.74M
Inventory: $167.22M
Total assets: $2.40B
Goodwill: $589.97M
Intangibles: $1.26B
Liabilities: $589.21M
Tangible book: -$44.74M
Shares: 101,510,772
Revenue: $1.45B
Capex: $20.54M
D&A: $23.76M
EBITDA: $182.92M
Interest: $23.25M
Short-term debt: $5.87M
Free cash flow: $157.92M
Operating income: $218.64M
Invested capital: $2.01B
Tax rate: 23.8%