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.
JB FOODS LIMITED
Physical assets are 56.4% of total assets, a heavy footprint. Capex is 2.89x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by 0.49x, which is below 1.
Fixed-asset turnover is 9.36x. Compare it with other names in the same basket.
Physical asset ratio
56.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$148.04MpropertyPlantAndEquipmentNetInventory$395.34MinventoryTotal assets$964.02MtotalAssetsResult 56.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
9.36xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$1.39BtotalRevenueNet PP&E$148.04MpropertyPlantAndEquipmentNetResult 9.36x
Revenue per dollar of the physical asset base.
Capex / D&A
2.89xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$23.24McapitalExpendituresD&A$8.06MreconciledDepreciationResult 2.89x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$0.81Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$964.02MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.39MintangibleAssetsLiabilities$682.31MtotalLiabTangible book$280.32MShares346,514,246commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.81
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.89xPrice / tangible bookPrice / tangible book per sharePrice$0.72Latest quoteTangible book / share$0.812025-12-31Result 0.89x
Price $0.72.
Fixed-charge coverage
0.49xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$139.96MebitdaCapex$23.24McapitalExpendituresInterest$24.85MinterestExpenseShort-term debt$215.59MshortLongTermDebtEBITDA − capex$116.71MPrincipal due is the current portion of debt.Result 0.49x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-21.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$53.19MfreeCashFlowMarket cap$249.49MMarketCapitalizationResult -21.3%
Latest free cash flow divided by current market cap ($249.49M).
ROIC
19.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$134.44MoperatingIncomeTax expense$27.17MtaxProvisionPretax income$107.05MincomeBeforeTaxTax rate25.4%Equity$281.70MtotalStockholderEquityDebt$269.75MlongTermDebt + shortLongTermDebtCash$48.38McashInvested capital$503.07MResult 19.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.91x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2017 | 70.3%Physical asset ratio · 2017-12-31(Net PP&E + inventory) / total assetsNet PP&E$55.61MpropertyPlantEquipmentInventory$83.22MinventoryTotal assets$197.62MtotalAssetsResult 70.3% | 5.32xFixed asset turnover · 2017-12-31Revenue / net PP&ERevenue$295.63MtotalRevenueNet PP&E$55.61MpropertyPlantEquipmentResult 5.32x | 1.57xCapex / D&A · 2017-12-31Capital expenditures / depreciation and amortizationCapex$7.10McapitalExpendituresD&A$4.52MreconciledDepreciationResult 1.57x | $0.31Tangible book / share · 2017-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$197.62MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$451.00KintangibleAssetsLiabilities$113.50MtotalLiabTangible book$83.66MShares266,492,986commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.31 | 0.21xFixed-charge coverage · 2017-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$23.91MebitdaCapex$7.10McapitalExpendituresInterest$0.00interestExpenseShort-term debt$78.46MshortTermDebtEBITDA − capex$16.80MPrincipal due is short-term debt.Result 0.21x | $35.46MFree cash flow · 2017-12-31Reported free cash flowOperating cash flow$42.81MtotalCashFromOperatingActivitiesCapex$7.10McapitalExpendituresFree cash flow$35.46MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $35.46M | 9.7%ROIC · 2017-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$16.90MoperatingIncomeTax expense$2.69MincomeTaxExpensePretax income$16.90MincomeBeforeTaxTax rate15.9%Equity$84.11MtotalStockholderEquityDebt$78.46MshortLongTermDebtCash$15.64McashAndShortTermInvestmentsInvested capital$146.93MResult 9.7% | 0.30xEBIT / PP&E · 2017-12-31Operating income / net PP&EOperating income$16.90MoperatingIncomeNet PP&E$55.61MpropertyPlantEquipmentResult 0.30x |
| 2018 | 72.9%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$68.08MpropertyPlantEquipmentInventory$112.84MinventoryTotal assets$248.29MtotalAssetsResult 72.9% | 4.81xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$327.11MtotalRevenueNet PP&E$68.08MpropertyPlantEquipmentResult 4.81x | 3.53xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$17.30McapitalExpendituresD&A$4.90MreconciledDepreciationResult 3.53x | $0.40Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$248.29MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$321.00KintangibleAssetsLiabilities$126.22MtotalLiabTangible book$121.75MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.40 | 0.29xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$41.64MebitdaCapex$17.30McapitalExpendituresInterest$2.65MinterestExpenseShort-term debt$80.28MshortTermDebtEBITDA − capex$24.34MPrincipal due is short-term debt.Result 0.29x | -$9.87MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$7.47MtotalCashFromOperatingActivitiesCapex$17.30McapitalExpendituresFree cash flow-$9.87MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$9.87M | 14.2%ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$34.09MoperatingIncomeTax expense$7.30MincomeTaxExpensePretax income$34.09MincomeBeforeTaxTax rate21.4%Equity$122.07MtotalStockholderEquityDebt$80.36MlongTermDebt + shortLongTermDebtCash$13.42McashAndShortTermInvestmentsInvested capital$189.01MResult 14.2% | 0.50xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$34.09MoperatingIncomeNet PP&E$68.08MpropertyPlantEquipmentResult 0.50x |
| 2019 | 72.4%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$83.03MpropertyPlantEquipmentInventory$181.10MinventoryTotal assets$364.60MtotalAssetsResult 72.4% | 4.25xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$352.49MtotalRevenueNet PP&E$83.03MpropertyPlantEquipmentResult 4.25x | 2.96xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$18.32McapitalExpendituresD&A$6.20MreconciledDepreciationResult 2.96x | $0.47Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$364.60MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$225.00KintangibleAssetsLiabilities$223.20MtotalLiabTangible book$141.18MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.47 | 0.14xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$43.04MebitdaCapex$18.32McapitalExpendituresInterest$5.15MinterestExpenseShort-term debt$168.67MshortTermDebtEBITDA − capex$24.73MPrincipal due is short-term debt.Result 0.14x | -$69.47MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$51.10MtotalCashFromOperatingActivitiesCapex$18.32McapitalExpendituresFree cash flow-$69.47MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$69.47M | 8.8%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$31.69MoperatingIncomeTax expense$5.47MincomeTaxExpensePretax income$31.69MincomeBeforeTaxTax rate17.3%Equity$141.40MtotalStockholderEquityDebt$173.53MlongTermDebt + shortLongTermDebtCash$16.59McashAndShortTermInvestmentsInvested capital$298.34MResult 8.8% | 0.38xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$31.69MoperatingIncomeNet PP&E$83.03MpropertyPlantEquipmentResult 0.38x |
| 2020 | 72.5%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$98.85MpropertyPlantEquipmentInventory$178.81MinventoryTotal assets$383.04MtotalAssetsResult 72.5% | 4.23xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$417.75MtotalRevenueNet PP&E$98.85MpropertyPlantEquipmentResult 4.23x | 3.31xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$22.76McapitalExpendituresD&A$6.87MreconciledDepreciationResult 3.31x | $0.51Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$383.04MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.52MintangibleAssetsLiabilities$226.56MtotalLiabTangible book$153.96MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.51 | 0.07xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$34.26MebitdaCapex$22.76McapitalExpendituresInterest$4.91MinterestExpenseShort-term debt$160.90MshortLongTermDebtEBITDA − capex$11.49MPrincipal due is the current portion of debt.Result 0.07x | $10.43MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$35.76MtotalCashFromOperatingActivitiesCapex$22.76McapitalExpendituresFree cash flow$10.43MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $10.43M | 6.2%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$22.48MoperatingIncomeTax expense$3.07MincomeTaxExpensePretax income$22.48MincomeBeforeTaxTax rate13.7%Equity$156.48MtotalStockholderEquityDebt$175.96MlongTermDebt + shortLongTermDebtCash$20.65McashInvested capital$311.80MResult 6.2% | 0.23xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$22.48MoperatingIncomeNet PP&E$98.85MpropertyPlantEquipmentResult 0.23x |
| 2021 | 72.1%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$98.67MpropertyPlantEquipmentInventory$224.62MinventoryTotal assets$448.42MtotalAssetsResult 72.1% | 4.55xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$448.76MtotalRevenueNet PP&E$98.67MpropertyPlantEquipmentResult 4.55x | 0.85xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$6.37McapitalExpendituresD&A$7.51MreconciledDepreciationResult 0.85x | $0.54Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$448.42MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.91MintangibleAssetsLiabilities$281.54MtotalLiabTangible book$163.96MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.54 | 0.12xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$29.56MebitdaCapex$6.37McapitalExpendituresInterest$3.69MinterestExpenseShort-term debt$193.06MshortLongTermDebtEBITDA − capex$23.18MPrincipal due is the current portion of debt.Result 0.12x | -$33.68MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$26.28MtotalCashFromOperatingActivitiesCapex$6.37McapitalExpendituresFree cash flow-$33.68MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$33.68M | 2.1%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$9.76MoperatingIncomeTax expense$4.50MincomeTaxExpensePretax income$18.35MincomeBeforeTaxTax rate24.5%Equity$166.87MtotalStockholderEquityDebt$207.42MlongTermDebt + shortLongTermDebtCash$27.93McashInvested capital$346.36MResult 2.1% | 0.10xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$9.76MoperatingIncomeNet PP&E$98.67MpropertyPlantEquipmentResult 0.10x |
| 2022 | 62.4%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$112.49MpropertyPlantEquipmentInventory$181.53MinventoryTotal assets$471.21MtotalAssetsResult 62.4% | 4.53xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$509.63MtotalRevenueNet PP&E$112.49MpropertyPlantEquipmentResult 4.53x | 1.65xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$12.81McapitalExpendituresD&A$7.75MreconciledDepreciationResult 1.65x | $0.58Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$471.21MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.21MintangibleAssetsLiabilities$291.82MtotalLiabTangible book$177.18MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.58 | 0.13xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$33.70MebitdaCapex$12.81McapitalExpendituresInterest$6.67MinterestExpenseShort-term debt$155.41MshortLongTermDebtEBITDA − capex$20.89MPrincipal due is the current portion of debt.Result 0.13x | $35.08MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$49.44MtotalCashFromOperatingActivitiesCapex$12.81McapitalExpendituresFree cash flow$35.08MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $35.08M | 6.9%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$26.76MoperatingIncomeTax expense$2.60MincomeTaxExpensePretax income$19.28MincomeBeforeTaxTax rate13.5%Equity$179.38MtotalStockholderEquityDebt$176.79MlongTermDebt + shortLongTermDebtCash$21.60McashInvested capital$334.57MResult 6.9% | 0.24xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$26.76MoperatingIncomeNet PP&E$112.49MpropertyPlantEquipmentResult 0.24x |
| 2023 | 53.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$125.62MpropertyPlantAndEquipmentNetInventory$274.82MinventoryTotal assets$744.74MtotalAssetsResult 53.8% | 4.74xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$595.79MtotalRevenueNet PP&E$125.62MpropertyPlantAndEquipmentNetResult 4.74x | 2.65xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$20.83McapitalExpendituresD&A$7.87MreconciledDepreciationResult 2.65x | $0.58Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$744.74MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$2.65MintangibleAssetsLiabilities$567.65MtotalLiabTangible book$174.44MShares303,199,966commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.58 | 0.02xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$24.79MebitdaCapex$20.83McapitalExpendituresInterest$15.47MinterestExpenseShort-term debt$226.99MshortLongTermDebtEBITDA − capex$3.96MPrincipal due is the current portion of debt.Result 0.02x | -$65.96MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$45.13MtotalCashFromOperatingActivitiesCapex$20.83McapitalExpendituresFree cash flow-$65.96MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$65.96M | 4.8%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$20.16MoperatingIncomeTax expense-$440.00KtaxProvisionPretax income$1.46MincomeBeforeTaxTax rate0.0%Equity$177.08MtotalStockholderEquityDebt$271.08MlongTermDebt + shortLongTermDebtCash$26.26McashInvested capital$421.90MResult 4.8% | 0.16xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$20.16MoperatingIncomeNet PP&E$125.62MpropertyPlantAndEquipmentNetResult 0.16x |
| 2025 | 56.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$148.04MpropertyPlantAndEquipmentNetInventory$395.34MinventoryTotal assets$964.02MtotalAssetsResult 56.4% | 9.36xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$1.39BtotalRevenueNet PP&E$148.04MpropertyPlantAndEquipmentNetResult 9.36x | 2.89xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$23.24McapitalExpendituresD&A$8.06MreconciledDepreciationResult 2.89x | $0.81Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$964.02MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$1.39MintangibleAssetsLiabilities$682.31MtotalLiabTangible book$280.32MShares346,514,246commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.81 | 0.49xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$139.96MebitdaCapex$23.24McapitalExpendituresInterest$24.85MinterestExpenseShort-term debt$215.59MshortLongTermDebtEBITDA − capex$116.71MPrincipal due is the current portion of debt.Result 0.49x | -$53.19MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$29.95MtotalCashFromOperatingActivitiesCapex$23.24McapitalExpendituresFree cash flow-$53.19MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$53.19M | 19.9%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$134.44MoperatingIncomeTax expense$27.17MtaxProvisionPretax income$107.05MincomeBeforeTaxTax rate25.4%Equity$281.70MtotalStockholderEquityDebt$269.75MlongTermDebt + shortLongTermDebtCash$48.38McashInvested capital$503.07MResult 19.9% | 0.91xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$134.44MoperatingIncomeNet PP&E$148.04MpropertyPlantAndEquipmentNetResult 0.91x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $148.04M
Inventory: $395.34M
Total assets: $964.02M
Goodwill: $0.00
Intangibles: $1.39M
Liabilities: $682.31M
Tangible book: $280.32M
Shares: 346,514,246
Revenue: $1.39B
Capex: $23.24M
D&A: $8.06M
EBITDA: $139.96M
Interest: $24.85M
Short-term debt: $215.59M
Free cash flow: -$53.19M
Operating income: $134.44M
Invested capital: $503.07M
Tax rate: 25.4%