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.
JAKKS Pacific Inc
Physical assets are 28.4% of total assets, a light footprint. Capex is 0.93x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. ROIC is 3.8%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 8.67x. Compare it with other names in the same basket.
Physical asset ratio
28.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$65.78MpropertyPlantAndEquipmentNetInventory$59.81MinventoryTotal assets$442.20MtotalAssetsResult 28.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
8.67xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$570.67MtotalRevenueNet PP&E$65.78MpropertyPlantAndEquipmentNetResult 8.67x
Revenue per dollar of the physical asset base.
Capex / D&A
0.93xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$9.56McapitalExpendituresD&A$10.23MdepreciationAndAmortizationResult 0.93x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$18.74Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$442.20MtotalAssetsGoodwill$35.08MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$193.09MtotalLiabTangible book$214.03MShares11,423,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $18.74
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.72xPrice / tangible bookPrice / tangible book per sharePrice$32.29Latest quoteTangible book / share$18.742025-12-31Result 1.72x
Price $32.29.
Fixed-charge coverage
1.12xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$25.47MebitdaCapex$9.56McapitalExpendituresInterest$471.00KinterestExpenseShort-term debt$13.78MshortTermDebtEBITDA − capex$15.91MPrincipal due is short-term debt.Result 1.12x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-0.3%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$1.07MfreeCashFlowMarket cap$371.95MMarketCapitalizationResult -0.3%
Latest free cash flow divided by current market cap ($371.95M).
ROIC
3.8%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$14.22MoperatingIncomeTax expense$4.89MincomeTaxExpensePretax income$14.77MincomeBeforeTaxTax rate33.1%Equity$249.11MtotalStockholderEquityDebt$53.36MshortLongTermDebtTotalCash$52.20McashInvested capital$250.27MResult 3.8%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.22x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 21.8%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$20.90MpropertyPlantEquipmentInventory$53.88MinventoryTotal assets$342.84MtotalAssetsResult 21.8% | 27.17xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$567.81MtotalRevenueNet PP&E$20.90MpropertyPlantEquipmentResult 27.17x | 0.69xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$11.77McapitalExpendituresD&A$17.08MdepreciationAndAmortizationResult 0.69x | -$8.72Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$342.84MtotalAssetsGoodwill$35.08MgoodWillIntangibles$36.71MintangibleAssetsLiabilities$291.19MtotalLiabTangible book-$20.15MShares2,310,000commonStockSharesOutstandingResult -$8.72 | -0.64xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$12.15MebitdaCapex$11.77McapitalExpendituresInterest$10.24MinterestExpenseShort-term debt$27.21MshortTermDebtEBITDA − capex-$23.92MPrincipal due is short-term debt.Result -0.64x | -$12.39MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$624.00KtotalCashFromOperatingActivitiesCapex$11.77McapitalExpendituresFree cash flow-$12.39MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$12.39M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$32.17MoperatingIncomeTax expense$2.95MincomeTaxExpensePretax income-$39.47MincomeBeforeTaxTax rate—Equity$50.74MtotalStockholderEquityDebt$167.00MshortLongTermDebtTotalCash$53.28McashInvested capital$164.46MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.54xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$32.17MoperatingIncomeNet PP&E$20.90MpropertyPlantEquipmentResult -1.54x |
| 2019 | 27.8%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$47.34MpropertyPlantAndEquipmentNetInventory$54.26MinventoryTotal assets$365.22MtotalAssetsResult 27.8% | 12.65xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$598.65MtotalRevenueNet PP&E$47.34MpropertyPlantAndEquipmentNetResult 12.65x | 0.53xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$9.42McapitalExpendituresD&A$17.63MdepreciationAndAmortizationResult 0.53x | -$13.11Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$365.22MtotalAssetsGoodwill$35.08MgoodWillIntangibles$3.49MintangibleAssetsLiabilities$360.72MtotalLiabTangible book-$34.07MShares2,598,000commonStockSharesOutstandingResult -$13.11 | -1.64xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$19.90MebitdaCapex$9.42McapitalExpendituresInterest$15.94MinterestExpenseShort-term debt$1.91MshortLongTermDebtEBITDA − capex-$29.31MPrincipal due is the current portion of debt.Result -1.64x | $12.41MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$21.83MtotalCashFromOperatingActivitiesCapex$9.42McapitalExpendituresFree cash flow$12.41MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $12.41M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$17.79MoperatingIncomeTax expense$1.91MincomeTaxExpensePretax income-$53.47MincomeBeforeTaxTax rate—Equity$3.42MtotalStockholderEquityDebt$211.95MshortLongTermDebtTotalCash$66.29McashInvested capital$149.09MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.38xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$17.79MoperatingIncomeNet PP&E$47.34MpropertyPlantAndEquipmentNetResult -0.38x |
| 2020 | 23.2%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$37.90MpropertyPlantEquipmentInventory$38.64MinventoryTotal assets$329.37MtotalAssetsResult 23.2% | 13.61xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$515.87MtotalRevenueNet PP&E$37.90MpropertyPlantEquipmentResult 13.61x | 0.76xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$8.27McapitalExpendituresD&A$10.94MdepreciationAndAmortizationResult 0.76x | -$6.26Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$329.37MtotalAssetsGoodwill$35.08MgoodWillIntangibles$2.33MintangibleAssetsLiabilities$314.69MtotalLiabTangible book-$22.74MShares3,634,000commonStockSharesOutstandingResult -$6.26 | 0.39xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$19.09MebitdaCapex$8.27McapitalExpendituresInterest$21.56MinterestExpenseShort-term debt$5.95MshortLongTermDebtEBITDA − capex$10.82MPrincipal due is the current portion of debt.Result 0.39x | $35.30MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$43.57MtotalCashFromOperatingActivitiesCapex$8.27McapitalExpendituresFree cash flow$35.30MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $35.30M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$12.91MoperatingIncomeTax expense$735.00KincomeTaxExpensePretax income-$13.41MincomeBeforeTaxTax rate—Equity$13.47MtotalStockholderEquityDebt$183.17MshortLongTermDebtTotalCash$92.69McashInvested capital$103.94MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 0.34xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$12.91MoperatingIncomeNet PP&E$37.90MpropertyPlantEquipmentResult 0.34x |
| 2021 | 31.9%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$30.10MpropertyPlantEquipmentInventory$83.95MinventoryTotal assets$357.05MtotalAssetsResult 31.9% | 20.64xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$621.12MtotalRevenueNet PP&E$30.10MpropertyPlantEquipmentResult 20.64x | 0.80xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$8.22McapitalExpendituresD&A$10.25MdepreciationAndAmortizationResult 0.80x | $2.47Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$357.05MtotalAssetsGoodwill$35.08MgoodWillIntangibles$4.31MintangibleAssetsLiabilities$299.15MtotalLiabTangible book$18.51MShares7,498,000commonStockSharesOutstandingResult $2.47 | 0.65xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$18.69MebitdaCapex$8.22McapitalExpendituresInterest$14.10MinterestExpenseShort-term debt$2.10MshortLongTermDebtEBITDA − capex$10.47MPrincipal due is the current portion of debt.Result 0.65x | -$14.10MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$5.88MtotalCashFromOperatingActivitiesCapex$8.22McapitalExpendituresFree cash flow-$14.10MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$14.10M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$38.77MoperatingIncomeTax expense$226.00KincomeTaxExpensePretax income-$5.66MincomeBeforeTaxTax rate—Equity$57.90MtotalStockholderEquityDebt$127.28MshortLongTermDebtTotalCash$44.52McashInvested capital$140.66MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | 1.29xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$38.77MoperatingIncomeNet PP&E$30.10MpropertyPlantEquipmentResult 1.29x |
| 2022 | 28.9%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$34.78MpropertyPlantAndEquipmentNetInventory$80.62MinventoryTotal assets$399.30MtotalAssetsResult 28.9% | 22.90xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$796.19MtotalRevenueNet PP&E$34.78MpropertyPlantAndEquipmentNetResult 22.90x | 0.98xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$10.39McapitalExpendituresD&A$10.58MdepreciationAndAmortizationResult 0.98x | $11.32Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$399.30MtotalAssetsGoodwill$35.08MgoodWillIntangibles$2.47MintangibleAssetsLiabilities$246.82MtotalLiabTangible book$114.93MShares10,155,000commonStockSharesOutstandingResult $11.32 | 1.67xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$71.84MebitdaCapex$10.39McapitalExpendituresInterest$11.18MinterestExpenseShort-term debt$25.53MshortLongTermDebtEBITDA − capex$61.45MPrincipal due is the current portion of debt.Result 1.67x | $75.71MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$86.10MtotalCashFromOperatingActivitiesCapex$10.39McapitalExpendituresFree cash flow$75.71MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $75.71M | 36.5%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$60.97MoperatingIncomeTax expense-$41.01MincomeTaxExpensePretax income$50.08MincomeBeforeTaxTax rate0.0%Equity$152.48MtotalStockholderEquityDebt$99.82MshortLongTermDebtTotalCash$85.30McashInvested capital$167.00MResult 36.5% | 1.75xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$60.97MoperatingIncomeNet PP&E$34.78MpropertyPlantAndEquipmentNetResult 1.75x |
| 2023 | 22.8%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$38.19MpropertyPlantAndEquipmentNetInventory$52.65MinventoryTotal assets$398.95MtotalAssetsResult 22.8% | 18.63xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$711.56MtotalRevenueNet PP&E$38.19MpropertyPlantAndEquipmentNetResult 18.63x | 1.04xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$8.91McapitalExpendituresD&A$8.59MdepreciationAndAmortizationResult 1.04x | $15.21Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$398.95MtotalAssetsGoodwill$35.08MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$202.84MtotalLiabTangible book$161.03MShares10,590,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $15.21 | 3.69xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$59.98MebitdaCapex$8.91McapitalExpendituresInterest$6.45MinterestExpenseShort-term debt$7.38MshortTermDebtEBITDA − capex$51.08MPrincipal due is short-term debt.Result 3.69x | $57.50MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$66.40MtotalCashFromOperatingActivitiesCapex$8.91McapitalExpendituresFree cash flow$57.50MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $57.50M | 34.1%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$59.11MoperatingIncomeTax expense$6.83MincomeTaxExpensePretax income$44.95MincomeBeforeTaxTax rate15.2%Equity$195.41MtotalStockholderEquityDebt$24.05MshortLongTermDebtTotalCash$72.55McashInvested capital$146.90MResult 34.1% | 1.55xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$59.11MoperatingIncomeNet PP&E$38.19MpropertyPlantAndEquipmentNetResult 1.55x |
| 2024 | 27.4%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$68.90MpropertyPlantAndEquipmentNetInventory$52.78MinventoryTotal assets$444.87MtotalAssetsResult 27.4% | 10.03xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$691.04MtotalRevenueNet PP&E$68.90MpropertyPlantAndEquipmentNetResult 10.03x | 1.12xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$11.25McapitalExpendituresD&A$10.05MdepreciationAndAmortizationResult 1.12x | $18.25Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$444.87MtotalAssetsGoodwill$35.11MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$204.04MtotalLiabTangible book$205.72MShares11,275,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $18.25 | 4.31xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$50.87MebitdaCapex$11.25McapitalExpendituresInterest$1.10MinterestExpenseShort-term debt$8.09MshortTermDebtEBITDA − capex$39.63MPrincipal due is short-term debt.Result 4.31x | $27.70MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$38.95MtotalCashFromOperatingActivitiesCapex$11.25McapitalExpendituresFree cash flow$27.70MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $27.70M | 15.1%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$39.68MoperatingIncomeTax expense$5.53MincomeTaxExpensePretax income$39.73MincomeBeforeTaxTax rate13.9%Equity$240.33MtotalStockholderEquityDebt$56.52MshortLongTermDebtTotalCash$69.94McashInvested capital$226.92MResult 15.1% | 0.58xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income$39.68MoperatingIncomeNet PP&E$68.90MpropertyPlantAndEquipmentNetResult 0.58x |
| 2025 | 28.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$65.78MpropertyPlantAndEquipmentNetInventory$59.81MinventoryTotal assets$442.20MtotalAssetsResult 28.4% | 8.67xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$570.67MtotalRevenueNet PP&E$65.78MpropertyPlantAndEquipmentNetResult 8.67x | 0.93xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$9.56McapitalExpendituresD&A$10.23MdepreciationAndAmortizationResult 0.93x | $18.74Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$442.20MtotalAssetsGoodwill$35.08MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$193.09MtotalLiabTangible book$214.03MShares11,423,000commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $18.74 | 1.12xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$25.47MebitdaCapex$9.56McapitalExpendituresInterest$471.00KinterestExpenseShort-term debt$13.78MshortTermDebtEBITDA − capex$15.91MPrincipal due is short-term debt.Result 1.12x | -$1.07MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$8.49MtotalCashFromOperatingActivitiesCapex$9.56McapitalExpendituresFree cash flow-$1.07MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.07M | 3.8%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$14.22MoperatingIncomeTax expense$4.89MincomeTaxExpensePretax income$14.77MincomeBeforeTaxTax rate33.1%Equity$249.11MtotalStockholderEquityDebt$53.36MshortLongTermDebtTotalCash$52.20McashInvested capital$250.27MResult 3.8% | 0.22xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$14.22MoperatingIncomeNet PP&E$65.78MpropertyPlantAndEquipmentNetResult 0.22x |
- 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: $65.78M
Inventory: $59.81M
Total assets: $442.20M
Goodwill: $35.08M
Intangibles: $0.00
Liabilities: $193.09M
Tangible book: $214.03M
Shares: 11,423,000
Revenue: $570.67M
Capex: $9.56M
D&A: $10.23M
EBITDA: $25.47M
Interest: $471.00K
Short-term debt: $13.78M
Free cash flow: -$1.07M
Operating income: $14.22M
Invested capital: $250.27M
Tax rate: 33.1%