Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	4.05	3.70	2.39	2.10
Quick Ratio	―	3.89	3.55	2.30	1.99
Cash Ratio	―	2.93	2.72	1.60	1.36
Solvency Ratio	―	0.30	0.51	0.53	0.39
Operating Cash Flow Ratio	―	0.17	0.32	0.62	0.47
Short-Term Operating Cash Flow Coverage	―	0.00	0.00	0.00	0.00
Net Current Asset Value	¥ ―	¥ 3.50B	¥ 3.48B	¥ 3.13B	¥ 1.98B
Leverage Ratios
Debt-to-Assets Ratio	―	0.02	0.02	0.03	0.05
Debt-to-Equity Ratio	―	0.02	0.02	0.04	0.07
Debt-to-Capital Ratio	―	0.02	0.02	0.04	0.06
Long-Term Debt-to-Capital Ratio	―	0.00	0.00	0.00	0.00
Financial Leverage Ratio	―	1.19	1.21	1.33	1.37
Debt Service Coverage Ratio	―	119.79	144.49	140.51	75.51
Interest Coverage Ratio	―	40.48	184.59	175.25	78.99
Debt to Market Cap	―	0.00	0.00	0.00	0.00
Interest Debt Per Share	―	34.24	36.37	60.14	94.62
Net Debt to EBITDA	―	-5.73	-2.81	-1.73	-1.71
Profitability Margins
Gross Profit Margin	―	20.39%	27.58%	28.73%	26.45%
EBIT Margin	―	3.41%	11.22%	15.62%	12.79%
EBITDA Margin	―	7.99%	13.65%	18.08%	16.06%
Operating Profit Margin	―	2.26%	12.86%	16.41%	12.54%
Pretax Profit Margin	―	3.36%	11.15%	15.52%	12.63%
Net Profit Margin	―	2.04%	7.57%	10.61%	8.56%
Continuous Operations Profit Margin	―	2.04%	7.57%	10.61%	8.56%
Net Income Per EBT	―	60.70%	67.92%	68.32%	67.81%
EBT Per EBIT	―	148.77%	86.70%	94.58%	100.71%
Return on Assets (ROA)	―	1.45%	6.58%	10.71%	7.59%
Return on Equity (ROE)	―	1.73%	7.93%	14.26%	10.36%
Return on Capital Employed (ROCE)	―	1.82%	12.82%	21.10%	14.15%
Return on Invested Capital (ROIC)	―	1.10%	8.62%	14.21%	9.38%
Return on Tangible Assets	―	1.45%	6.59%	10.74%	7.61%
Earnings Yield	―	4.04%	14.86%	25.49%	25.61%
Efficiency Ratios
Receivables Turnover	―	8.71	10.26	0.00	8.37
Payables Turnover	―	8.69	8.62	10.82	7.17
Inventory Turnover	―	30.29	30.95	35.52	28.21
Fixed Asset Turnover	―	2.12	2.55	3.01	2.26
Asset Turnover	―	0.71	0.87	1.01	0.89
Working Capital Turnover Ratio	―	2.00	2.63	3.93	4.40
Cash Conversion Cycle	―	11.92	5.00	-23.46	5.67
Days of Sales Outstanding	―	41.89	35.57	0.00	43.60
Days of Inventory Outstanding	―	12.05	11.79	10.28	12.94
Days of Payables Outstanding	―	42.02	42.36	33.74	50.87
Operating Cycle	―	53.94	47.36	10.28	56.54
Cash Flow Ratios
Operating Cash Flow Per Share	―	40.20	83.61	275.91	190.63
Free Cash Flow Per Share	―	22.30	67.71	261.56	185.61
CapEx Per Share	―	17.89	15.90	14.35	5.02
Free Cash Flow to Operating Cash Flow	―	0.55	0.81	0.95	0.97
Dividend Paid and CapEx Coverage Ratio	―	0.57	1.25	5.60	6.78
Capital Expenditure Coverage Ratio	―	2.25	5.26	19.23	37.99
Operating Cash Flow Coverage Ratio	―	1.20	2.38	4.74	2.07
Operating Cash Flow to Sales Ratio	―	0.03	0.05	0.13	0.11
Free Cash Flow Yield	―	3.12%	7.58%	30.17%	33.38%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	24.73	6.73	3.92	3.90
Price-to-Sales (P/S) Ratio	―	0.50	0.51	0.42	0.33
Price-to-Book (P/B) Ratio	―	0.43	0.53	0.56	0.40
Price-to-Free Cash Flow (P/FCF) Ratio	―	32.01	13.19	3.31	3.00
Price-to-Operating Cash Flow Ratio	―	17.76	10.68	3.14	2.92
Price-to-Earnings Growth (PEG) Ratio	―	-0.32	-0.17	0.07	0.03
Price-to-Fair Value	―	0.43	0.53	0.56	0.40
Enterprise Value Multiple	―	0.58	0.93	0.57	0.37
Enterprise Value	―	364.34M	1.25B	1.24B	574.85M
EV to EBITDA	―	0.58	0.93	0.57	0.37
EV to Sales	―	0.05	0.13	0.10	0.06
EV to Free Cash Flow	―	2.92	3.27	0.82	0.54
EV to Operating Cash Flow	―	1.62	2.65	0.78	0.52
Tangible Book Value Per Share	―	1.67K	1.67K	1.54K	1.37K
Shareholders’ Equity Per Share	―	1.67K	1.67K	1.55K	1.37K
Tax and Other Ratios
Effective Tax Rate	―	0.39	0.32	0.32	0.32
Revenue Per Share	―	1.42K	1.75K	2.08K	1.66K
Net Income Per Share	―	28.87	132.70	220.99	142.40
Tax Burden	―	0.61	0.68	0.68	0.68
Interest Burden	―	0.98	0.99	0.99	0.99
Research & Development to Revenue	―	0.00	0.00	0.00	0.00
SG&A to Revenue	―	<0.01	<0.01	<0.01	<0.01
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	1.39	0.63	0.85	0.91

Hikari Business Form Co., Ltd. (3948) Ratios

Hikari Business Form Co., Ltd. Ratios