Ratios	Dec 24	Dec 23	Dec 22	Dec 21
Liquidity Ratios
Current Ratio	―	1.14	1.14	1.12	1.31
Quick Ratio	―	1.14	1.14	1.12	1.31
Cash Ratio	―	0.14	0.14	0.05	0.06
Solvency Ratio	―	0.22	0.22	0.36	0.34
Operating Cash Flow Ratio	―	0.32	0.32	0.13	-0.04
Short-Term Operating Cash Flow Coverage	―	0.64	0.64	0.21	-0.09
Net Current Asset Value	$ ―	$ -2.05M	$ -2.05M	$ -984.26K	$ -254.38K
Leverage Ratios
Debt-to-Assets Ratio	―	0.59	0.59	0.68	0.56
Debt-to-Equity Ratio	―	7.05	7.05	14.69	19.69
Debt-to-Capital Ratio	―	0.88	0.88	0.94	0.95
Long-Term Debt-to-Capital Ratio	―	0.75	0.75	0.80	0.90
Financial Leverage Ratio	―	11.91	11.91	21.63	35.05
Debt Service Coverage Ratio	―	0.66	0.66	0.76	1.14
Interest Coverage Ratio	―	11.35	11.35	14.66	28.38
Debt to Market Cap	―	0.08	0.08	0.06	0.04
Interest Debt Per Share	―	0.49	0.49	0.39	0.21
Net Debt to EBITDA	―	1.77	1.77	1.51	1.30
Profitability Margins
Gross Profit Margin	―	18.47%	18.47%	15.98%	18.28%
EBIT Margin	―	11.83%	11.83%	15.71%	15.26%
EBITDA Margin	―	12.21%	12.21%	16.08%	15.68%
Operating Profit Margin	―	11.77%	11.77%	12.07%	14.71%
Pretax Profit Margin	―	10.79%	10.79%	14.89%	14.74%
Net Profit Margin	―	8.44%	8.44%	12.75%	12.54%
Continuous Operations Profit Margin	―	8.44%	8.44%	12.75%	12.54%
Net Income Per EBT	―	78.19%	78.19%	85.60%	85.05%
EBT Per EBIT	―	91.66%	91.66%	123.39%	100.21%
Return on Assets (ROA)	―	19.57%	19.57%	33.65%	32.21%
Return on Equity (ROE)	―	233.06%	233.06%	727.95%	1128.91%
Return on Capital Employed (ROCE)	―	78.27%	78.27%	125.61%	129.09%
Return on Invested Capital (ROIC)	―	31.60%	31.60%	37.59%	54.37%
Return on Tangible Assets	―	19.57%	19.57%	33.65%	32.21%
Earnings Yield	―	2.77%	2.77%	3.32%	2.15%
Efficiency Ratios
Receivables Turnover	―	3.56	3.56	3.33	2.90
Payables Turnover	―	7.10	7.10	9.75	6.41
Inventory Turnover	―	0.00	0.00	0.00	0.00
Fixed Asset Turnover	―	19.16	19.16	61.58	92.09
Asset Turnover	―	2.32	2.32	2.64	2.57
Working Capital Turnover Ratio	―	30.04	30.04	22.33	13.04
Cash Conversion Cycle	―	51.22	51.22	72.24	68.99
Days of Sales Outstanding	―	102.63	102.63	109.67	125.94
Days of Inventory Outstanding	―	0.00	0.00	0.00	0.00
Days of Payables Outstanding	―	51.41	51.41	37.43	56.95
Operating Cycle	―	102.63	102.63	109.67	125.94
Cash Flow Ratios
Operating Cash Flow Per Share	―	0.16	0.16	0.05	-0.01
Free Cash Flow Per Share	―	0.09	0.09	0.05	-0.01
CapEx Per Share	―	0.08	0.08	<0.01	0.00
Free Cash Flow to Operating Cash Flow	―	0.53	0.53	0.98	1.00
Dividend Paid and CapEx Coverage Ratio	―	2.14	2.14	51.70	0.00
Capital Expenditure Coverage Ratio	―	2.14	2.14	51.70	0.00
Operating Cash Flow Coverage Ratio	―	0.35	0.35	0.14	-0.05
Operating Cash Flow to Sales Ratio	―	0.09	0.09	0.04	-0.01
Free Cash Flow Yield	―	1.56%	1.56%	0.93%	-0.18%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	―	36.04	36.04	30.08	46.49
Price-to-Sales (P/S) Ratio	―	3.04	3.04	3.83	5.83
Price-to-Book (P/B) Ratio	―	84.00	84.00	218.99	524.86
Price-to-Free Cash Flow (P/FCF) Ratio	―	64.01	64.01	107.51	-553.25
Price-to-Operating Cash Flow Ratio	―	34.12	34.12	105.43	-553.25
Price-to-Earnings Growth (PEG) Ratio	―	-1.32	-1.32	0.53	0.71
Price-to-Fair Value	―	84.00	84.00	218.99	524.86
Enterprise Value Multiple	―	26.67	26.67	25.36	38.49
Enterprise Value	―	89.80M	89.80M	89.15M	86.78M
EV to EBITDA	―	26.67	26.67	25.36	38.49
EV to Sales	―	3.26	3.26	4.08	6.03
EV to Free Cash Flow	―	68.56	68.56	114.30	-572.57
EV to Operating Cash Flow	―	36.55	36.55	112.09	-572.57
Tangible Book Value Per Share	―	0.07	0.07	0.03	0.01
Shareholders’ Equity Per Share	―	0.07	0.07	0.03	0.01
Tax and Other Ratios
Effective Tax Rate	―	0.22	0.22	0.14	0.15
Revenue Per Share	―	1.84	1.84	1.46	0.96
Net Income Per Share	―	0.16	0.16	0.19	0.12
Tax Burden	―	0.78	0.78	0.86	0.85
Interest Burden	―	0.91	0.91	0.95	0.97
Research & Development to Revenue	―	0.00	0.00	0.00	0.00
SG&A to Revenue	―	0.04	0.04	0.03	0.03
Stock-Based Compensation to Revenue	―	0.00	0.00	0.00	0.00
Income Quality	―	1.06	1.06	0.29	-0.08

Ming Shing Group Holdings Limited (MSW) Ratios

Ming Shing Group Holdings Limited Ratios