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.
Phoenix Education Partners, Inc.
Physical assets are 16.4% of total assets, a light footprint. Capex is 1.02x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 93.1%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 12.47x. Compare it with other names in the same basket.
Physical asset ratio
16.4%Physical asset ratio · 2025-08-31(Net PP&E + inventory) / total assetsNet PP&E$80.77MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$493.56MtotalAssetsInventory was not reported and is treated as zero.Result 16.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
12.47xFixed asset turnover · 2025-08-31Revenue / net PP&ERevenue$1.01BtotalRevenueNet PP&E$80.77MpropertyPlantAndEquipmentNetResult 12.47x
Revenue per dollar of the physical asset base.
Capex / D&A
1.02xCapex / D&A · 2025-08-31Capital expenditures / depreciation and amortizationCapex$22.46McapitalExpendituresD&A$22.01MdepreciationAndAmortizationResult 1.02x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$4.18Tangible book / share · 2025-08-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$493.56MtotalAssetsGoodwill$3.73MgoodWillIntangibles$87.29MintangibleAssetsLiabilities$253.51MtotalLiabTangible book$149.03MShares35,652,963commonStockSharesOutstandingResult $4.18
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
5.79xPrice / tangible bookPrice / tangible book per sharePrice$24.20Latest quoteTangible book / share$4.182025-08-31Result 5.79x
Price $24.20.
Fixed-charge coverage
19.32xFixed-charge coverage · 2025-08-31(EBITDA − capex) / (interest + short-term debt)EBITDA$204.60MebitdaCapex$22.46McapitalExpendituresInterest$480.00KinterestExpenseShort-term debt$8.95MshortTermDebtEBITDA − capex$182.15MPrincipal due is short-term debt.Result 19.32x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
7.4%Free cash flow yield · 2025-08-31Latest free cash flow / current market capFree cash flow$64.93MfreeCashFlowMarket cap$882.44MMarketCapitalizationResult 7.4%
Latest free cash flow divided by current market cap ($882.44M).
ROIC
93.1%ROIC · 2025-08-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$218.57MoperatingIncomeTax expense$46.67MincomeTaxExpensePretax income$182.11MincomeBeforeTaxTax rate25.6%Equity$246.77MtotalStockholderEquityDebt$73.30MshortLongTermDebtTotalCash$145.51McashAndShortTermInvestmentsInvested capital$174.57MResult 93.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 2.71x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2023 | 13.3%Physical asset ratio · 2023-08-31(Net PP&E + inventory) / total assetsNet PP&E$90.74MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$682.26MtotalAssetsInventory was not reported and is treated as zero.Result 13.3% | 9.20xFixed asset turnover · 2023-08-31Revenue / net PP&ERevenue$835.25MtotalRevenueNet PP&E$90.74MpropertyPlantAndEquipmentNetResult 9.20x | 0.66xCapex / D&A · 2023-08-31Capital expenditures / depreciation and amortizationCapex$15.72McapitalExpendituresD&A$23.91MdepreciationAndAmortizationResult 0.66x | $6.20Tangible book / share · 2023-08-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$682.26MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$82.81MintangibleAssetsLiabilities$378.89MtotalLiabTangible book$220.57MShares35,596,255commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $6.20 | 6.79xFixed-charge coverage · 2023-08-31(EBITDA − capex) / (interest + short-term debt)EBITDA$113.31MebitdaCapex$15.72McapitalExpendituresInterest$1.77MinterestExpenseShort-term debt$12.60MshortTermDebtEBITDA − capex$97.60MPrincipal due is short-term debt.Result 6.79x | $89.97MFree cash flow · 2023-08-31Reported free cash flowOperating cash flow$105.68MtotalCashFromOperatingActivitiesCapex$15.72McapitalExpendituresFree cash flow$89.97MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $89.97M | 73.1%ROIC · 2023-08-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$127.20MoperatingIncomeTax expense$21.71MincomeTaxExpensePretax income$87.64MincomeBeforeTaxTax rate24.8%Equity$283.85MtotalStockholderEquityDebt$98.31MshortLongTermDebtTotalCash$251.22McashAndShortTermInvestmentsInvested capital$130.95MResult 73.1% | 1.40xEBIT / PP&E · 2023-08-31Operating income / net PP&EOperating income$127.20MoperatingIncomeNet PP&E$90.74MpropertyPlantAndEquipmentNetResult 1.40x |
| 2024 | 12.3%Physical asset ratio · 2024-08-31(Net PP&E + inventory) / total assetsNet PP&E$85.34MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$695.25MtotalAssetsInventory was not reported and is treated as zero.Result 12.3% | 11.13xFixed asset turnover · 2024-08-31Revenue / net PP&ERevenue$950.02MtotalRevenueNet PP&E$85.34MpropertyPlantAndEquipmentNetResult 11.13x | 1.07xCapex / D&A · 2024-08-31Capital expenditures / depreciation and amortizationCapex$22.59McapitalExpendituresD&A$21.06MdepreciationAndAmortizationResult 1.07x | $7.48Tangible book / share · 2024-08-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$695.25MtotalAssetsGoodwill$0.00goodWillIntangibles$82.73MintangibleAssetsLiabilities$346.32MtotalLiabTangible book$266.21MShares35,596,255commonStockSharesOutstandingResult $7.48 | 16.14xFixed-charge coverage · 2024-08-31(EBITDA − capex) / (interest + short-term debt)EBITDA$189.26MebitdaCapex$22.59McapitalExpendituresInterest$960.00KinterestExpenseShort-term debt$9.37MshortTermDebtEBITDA − capex$166.67MPrincipal due is short-term debt.Result 16.14x | $140.65MFree cash flow · 2024-08-31Reported free cash flowOperating cash flow$163.24MtotalCashFromOperatingActivitiesCapex$22.59McapitalExpendituresFree cash flow$140.65MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $140.65M | 142.2%ROIC · 2024-08-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$202.10MoperatingIncomeTax expense$52.09MincomeTaxExpensePretax income$167.24MincomeBeforeTaxTax rate31.1%Equity$327.30MtotalStockholderEquityDebt$84.22MshortLongTermDebtTotalCash$313.68McashAndShortTermInvestmentsInvested capital$97.84MResult 142.2% | 2.37xEBIT / PP&E · 2024-08-31Operating income / net PP&EOperating income$202.10MoperatingIncomeNet PP&E$85.34MpropertyPlantAndEquipmentNetResult 2.37x |
| 2025 | 16.4%Physical asset ratio · 2025-08-31(Net PP&E + inventory) / total assetsNet PP&E$80.77MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$493.56MtotalAssetsInventory was not reported and is treated as zero.Result 16.4% | 12.47xFixed asset turnover · 2025-08-31Revenue / net PP&ERevenue$1.01BtotalRevenueNet PP&E$80.77MpropertyPlantAndEquipmentNetResult 12.47x | 1.02xCapex / D&A · 2025-08-31Capital expenditures / depreciation and amortizationCapex$22.46McapitalExpendituresD&A$22.01MdepreciationAndAmortizationResult 1.02x | $4.18Tangible book / share · 2025-08-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$493.56MtotalAssetsGoodwill$3.73MgoodWillIntangibles$87.29MintangibleAssetsLiabilities$253.51MtotalLiabTangible book$149.03MShares35,652,963commonStockSharesOutstandingResult $4.18 | 19.32xFixed-charge coverage · 2025-08-31(EBITDA − capex) / (interest + short-term debt)EBITDA$204.60MebitdaCapex$22.46McapitalExpendituresInterest$480.00KinterestExpenseShort-term debt$8.95MshortTermDebtEBITDA − capex$182.15MPrincipal due is short-term debt.Result 19.32x | $64.93MFree cash flow · 2025-08-31Reported free cash flowOperating cash flow$87.39MtotalCashFromOperatingActivitiesCapex$22.46McapitalExpendituresFree cash flow$64.93MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $64.93M | 93.1%ROIC · 2025-08-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$218.57MoperatingIncomeTax expense$46.67MincomeTaxExpensePretax income$182.11MincomeBeforeTaxTax rate25.6%Equity$246.77MtotalStockholderEquityDebt$73.30MshortLongTermDebtTotalCash$145.51McashAndShortTermInvestmentsInvested capital$174.57MResult 93.1% | 2.71xEBIT / PP&E · 2025-08-31Operating income / net PP&EOperating income$218.57MoperatingIncomeNet PP&E$80.77MpropertyPlantAndEquipmentNetResult 2.71x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $80.77M
Inventory: $0.00
Total assets: $493.56M
Goodwill: $3.73M
Intangibles: $87.29M
Liabilities: $253.51M
Tangible book: $149.03M
Shares: 35,652,963
Revenue: $1.01B
Capex: $22.46M
D&A: $22.01M
EBITDA: $204.60M
Interest: $480.00K
Short-term debt: $8.95M
Free cash flow: $64.93M
Operating income: $218.57M
Invested capital: $174.57M
Tax rate: 25.6%