Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	2.06	1.99	2.09	2.01
Quick Ratio	―	1.05	1.02	1.04	1.06
Cash Ratio	―	0.65	0.66	0.65	0.68
Solvency Ratio	―	0.22	0.19	0.22	0.17
Operating Cash Flow Ratio	―	0.13	0.14	0.31	0.27
Short-Term Operating Cash Flow Coverage	―	0.27	0.30	0.89	0.58
Net Current Asset Value	¥ ―	¥ 3.24B	¥ 3.13B	¥ 3.13B	¥ 3.16B
Leverage Ratios
Debt-to-Assets Ratio	―	0.20	0.20	0.14	0.20
Debt-to-Equity Ratio	―	0.34	0.34	0.22	0.34
Debt-to-Capital Ratio	―	0.25	0.25	0.18	0.26
Long-Term Debt-to-Capital Ratio	―	0.00	0.00	0.00	0.00
Financial Leverage Ratio	―	1.69	1.73	1.65	1.73
Debt Service Coverage Ratio	―	0.46	0.42	0.65	0.37
Interest Coverage Ratio	―	73.00	122.14	133.14	129.17
Debt to Market Cap	―	0.15	0.14	0.10	0.11
Interest Debt Per Share	―	55.72	55.54	37.11	55.50
Net Debt to EBITDA	―	-0.46	-0.66	-0.88	-0.73
Profitability Margins
Gross Profit Margin	―	67.74%	69.93%	71.17%	71.42%
EBIT Margin	―	11.73%	10.67%	11.80%	11.10%
EBITDA Margin	―	13.21%	12.25%	13.08%	12.36%
Operating Profit Margin	―	11.02%	11.19%	12.24%	10.66%
Pretax Profit Margin	―	11.54%	10.58%	11.71%	11.02%
Net Profit Margin	―	7.16%	6.57%	7.16%	6.38%
Continuous Operations Profit Margin	―	7.17%	6.57%	7.17%	6.40%
Net Income Per EBT	―	62.05%	62.13%	61.10%	57.93%
EBT Per EBIT	―	104.68%	94.50%	95.71%	103.35%
Return on Assets (ROA)	―	7.53%	6.55%	7.39%	6.13%
Return on Equity (ROE)	―	12.74%	11.31%	12.22%	10.61%
Return on Capital Employed (ROCE)	―	19.53%	19.15%	20.79%	17.61%
Return on Invested Capital (ROIC)	―	9.10%	8.91%	10.41%	7.63%
Return on Tangible Assets	―	7.60%	6.62%	7.51%	6.17%
Earnings Yield	―	5.79%	4.61%	5.72%	3.56%
Efficiency Ratios
Receivables Turnover	―	8.99	9.93	9.38	8.71
Payables Turnover	―	3.03	2.27	2.51	2.31
Inventory Turnover	―	0.83	0.75	0.73	0.70
Fixed Asset Turnover	―	16.91	16.12	17.12	16.75
Asset Turnover	―	1.05	1.00	1.03	0.96
Working Capital Turnover Ratio	―	2.48	2.42	2.40	1.99
Cash Conversion Cycle	―	360.05	365.04	395.93	407.97
Days of Sales Outstanding	―	40.60	36.74	38.91	41.92
Days of Inventory Outstanding	―	439.74	488.79	502.29	524.14
Days of Payables Outstanding	―	120.29	160.49	145.27	158.08
Operating Cycle	―	480.34	525.53	541.20	566.06
Cash Flow Ratios
Operating Cash Flow Per Share	―	15.00	16.81	32.91	31.84
Free Cash Flow Per Share	―	11.83	10.98	26.61	28.64
CapEx Per Share	―	3.17	5.82	6.30	3.21
Free Cash Flow to Operating Cash Flow	―	0.79	0.65	0.81	0.90
Dividend Paid and CapEx Coverage Ratio	―	0.69	0.65	1.39	0.54
Capital Expenditure Coverage Ratio	―	4.73	2.89	5.22	9.93
Operating Cash Flow Coverage Ratio	―	0.27	0.30	0.89	0.58
Operating Cash Flow to Sales Ratio	―	0.05	0.06	0.12	0.12
Free Cash Flow Yield	―	3.27%	2.74%	7.58%	5.95%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	17.26	21.67	17.48	28.13
Price-to-Sales (P/S) Ratio	―	1.24	1.42	1.25	1.80
Price-to-Book (P/B) Ratio	―	2.20	2.45	2.14	2.98
Price-to-Free Cash Flow (P/FCF) Ratio	―	30.60	36.51	13.19	16.80
Price-to-Operating Cash Flow Ratio	―	24.13	23.86	10.67	15.11
Price-to-Earnings Growth (PEG) Ratio	―	1.29	-2.69	0.99	-1.37
Price-to-Fair Value	―	2.20	2.45	2.14	2.98
Enterprise Value Multiple	―	8.89	10.96	8.68	13.79
Enterprise Value	―	9.33B	10.26B	8.64B	12.39B
EV to EBITDA	―	8.89	10.96	8.68	13.79
EV to Sales	―	1.17	1.34	1.13	1.70
EV to Free Cash Flow	―	29.08	34.43	11.97	15.95
EV to Operating Cash Flow	―	22.93	22.50	9.68	14.34
Tangible Book Value Per Share	―	162.42	160.54	160.09	159.50
Shareholders’ Equity Per Share	―	164.63	163.56	164.33	161.16
Tax and Other Ratios
Effective Tax Rate	―	0.38	0.38	0.39	0.42
Revenue Per Share	―	292.88	281.53	280.71	267.97
Net Income Per Share	―	20.97	18.50	20.09	17.10
Tax Burden	―	0.62	0.62	0.61	0.58
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	―	0.00	0.00	0.00	0.00
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	0.72	0.91	1.00	1.08

Verite Co., Ltd. (9904) Ratios

Verite Co., Ltd. Ratios