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.
180 Degree Capital Corp
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.00x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash.
Fixed-asset turnover is 96.98x. Compare it with other names in the same basket.
Physical asset ratio
0.0%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.59KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$47.61MtotalAssetsInventory was not reported and is treated as zero.Result 0.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
96.98xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$348.34KtotalRevenueNet PP&E$3.59KpropertyPlantAndEquipmentNetResult 96.98x
Revenue per dollar of the physical asset base.
Capex / D&A
0.00xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$4.00capitalExpendituresD&A$6.21KdepreciationAndAmortizationResult 0.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$4.56Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$47.61MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.26MtotalLiabTangible book$46.35MShares10,174,100commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $4.56
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice—Latest quoteTangible book / share$4.562024-12-31A live quote was not available, so price / tangible book could not be calculated.Result —
Quote unavailable.
Fixed-charge coverage
—Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.86MOperating income + D&ACapex$4.00capitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$3.86MEBITDA is operating income plus D&A because the income statement did not report EBITDA.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.5%Free cash flow yield · 2024-12-31Latest free cash flow / current market capFree cash flow$269.93KNot reportedMarket cap$49.60MMarketCapitalizationResult 0.5%
Latest free cash flow divided by current market cap ($49.60M).
ROIC
—ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.87MoperatingIncomeTax expense$153.00incomeTaxExpensePretax income-$3.87MincomeBeforeTaxTax rate—Equity$46.35MtotalStockholderEquityDebt—Not reportedCash$552.10KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -1,076.28x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2017 | 5.3%Physical asset ratio · 2017-12-31(Net PP&E + inventory) / total assetsNet PP&E$199.52KpropertyPlantAndEquipmentNetInventory$4.26MinventoryTotal assets$84.13MtotalAssetsResult 5.3% | 71.93xFixed asset turnover · 2017-12-31Revenue / net PP&ERevenue$14.35MtotalRevenueNet PP&E$199.52KpropertyPlantAndEquipmentNetResult 71.93x | 0.23xCapex / D&A · 2017-12-31Capital expenditures / depreciation and amortizationCapex$5.39KcapitalExpendituresD&A$23.39KdepreciationAndAmortizationResult 0.23x | $7.81Tangible book / share · 2017-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$84.13MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$3.08MtotalLiabTangible book$81.04MShares10,373,843commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $7.81 | —Fixed-charge coverage · 2017-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$10.36MebitdaCapex$5.39KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex$10.35MResult — | -$11.84MFree cash flow · 2017-12-31Reported free cash flowOperating cash flow-$11.84MtotalCashFromOperatingActivitiesCapex$5.39KcapitalExpendituresFree cash flow-$11.84MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$11.84M | —ROIC · 2017-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$9.43MoperatingIncomeTax expense$12.85KincomeTaxExpensePretax income$9.49MincomeBeforeTaxTax rate0.1%Equity$81.04MtotalStockholderEquityDebt—Not reportedCash$3.45McashInvested capital—Result — | 47.27xEBIT / PP&E · 2017-12-31Operating income / net PP&EOperating income$9.43MoperatingIncomeNet PP&E$199.52KpropertyPlantAndEquipmentNetResult 47.27x |
| 2018 | 0.0%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$18.27KpropertyPlantEquipmentInventory$1.00inventoryTotal assets$84.05MtotalAssetsResult 0.0% | 229.24xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$4.19MtotalRevenueNet PP&E$18.27KpropertyPlantEquipmentResult 229.24x | 0.39xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$1.88KcapitalExpendituresD&A$4.88KdepreciationAndAmortizationResult 0.39x | $7.91Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$84.05MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.02MtotalLiabTangible book$82.03MShares10,373,843commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $7.91 | —Fixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.13MebitdaCapex$1.88KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex$1.13MResult — | $4.35MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow$4.35MtotalCashFromOperatingActivitiesCapex$1.88KcapitalExpendituresFree cash flow$4.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $4.35M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$997.78KoperatingIncomeTax expense$6.00KincomeTaxExpensePretax income$1.12MincomeBeforeTaxTax rate0.5%Equity$82.03MtotalStockholderEquityDebt—Not reportedCash$7.80McashInvested capital—Result — | 54.62xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income$997.78KoperatingIncomeNet PP&E$18.27KpropertyPlantEquipmentResult 54.62x |
| 2019 | 12.3%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$17.15KpropertyPlantEquipmentInventory$12.25MinventoryTotal assets$99.79MtotalAssetsResult 12.3% | 1,104.82xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$18.95MtotalRevenueNet PP&E$17.15KpropertyPlantEquipmentResult 1,104.82x | 0.79xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$4.10KcapitalExpendituresD&A$5.17KdepreciationAndAmortizationResult 0.79x | $9.18Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$99.79MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.57MtotalLiabTangible book$95.21MShares10,373,853commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $9.18 | —Fixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$13.20MebitdaCapex$4.10KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex$13.20MResult — | $3.53MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow$3.53MtotalCashFromOperatingActivitiesCapex$4.10KcapitalExpendituresFree cash flow$3.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $3.53M | 15.7%ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$13.18MoperatingIncomeTax expense$1.27KincomeTaxExpensePretax income$13.22MincomeBeforeTaxTax rate0.0%Equity$95.21MtotalStockholderEquityDebt$10.11KshortLongTermDebtTotalCash$11.33McashInvested capital$83.90MResult 15.7% | 768.39xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income$13.18MoperatingIncomeNet PP&E$17.15KpropertyPlantEquipmentResult 768.39x |
| 2020 | 15.1%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$17.73KpropertyPlantEquipmentInventory$14.96MinventoryTotal assets$99.25MtotalAssetsResult 15.1% | 135.03xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$2.39MtotalRevenueNet PP&E$17.73KpropertyPlantEquipmentResult 135.03x | 1.08xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$5.97KcapitalExpendituresD&A$5.51KdepreciationAndAmortizationResult 1.08x | $9.28Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$99.25MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$2.94MtotalLiabTangible book$96.32MShares10,373,830commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $9.28 | —Fixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.13MebitdaCapex$5.97KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex$1.13MResult — | $134.44KFree cash flow · 2020-12-31Reported free cash flowOperating cash flow$140.42KtotalCashFromOperatingActivitiesCapex$5.97KcapitalExpendituresFree cash flow$134.44KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $134.44K | 1.3%ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.13MoperatingIncomeTax expense$913.00incomeTaxExpensePretax income$1.11MincomeBeforeTaxTax rate0.1%Equity$96.32MtotalStockholderEquityDebt$10.11KshortLongTermDebtTotalCash$11.50McashInvested capital$84.83MResult 1.3% | 63.60xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income$1.13MoperatingIncomeNet PP&E$17.73KpropertyPlantEquipmentResult 63.60x |
| 2021 | 0.1%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$130.27KpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$115.40MtotalAssetsInventory was not reported and is treated as zero.Result 0.1% | 157.64xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$20.54MtotalRevenueNet PP&E$130.27KpropertyPlantEquipmentResult 157.64x | 1.38xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$10.39KcapitalExpendituresD&A$7.53KdepreciationAndAmortizationResult 1.38x | $10.66Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$115.40MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$4.83MtotalLiabTangible book$110.58MShares10,373,820commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $10.66 | —Fixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.63MebitdaCapex$10.39KcapitalExpendituresInterest$0.00interestExpenseShort-term debt—Not reportedEBITDA − capex-$3.65MResult — | -$7.35MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$7.34MtotalCashFromOperatingActivitiesCapex$10.39KcapitalExpendituresFree cash flow-$7.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$7.35M | 13.4%ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$14.26MoperatingIncomeTax expense$1.27KincomeTaxExpensePretax income$14.26MincomeBeforeTaxTax rate0.0%Equity$110.58MtotalStockholderEquityDebt$109.68KshortLongTermDebtTotalCash$4.16McashInvested capital$106.53MResult 13.4% | 109.46xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$14.26MoperatingIncomeNet PP&E$130.27KpropertyPlantEquipmentResult 109.46x |
| 2022 | 0.1%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$87.79KpropertyPlantEquipmentInventory$1.00inventoryTotal assets$66.95MtotalAssetsResult 0.1% | -480.25xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue-$42.16MtotalRevenueNet PP&E$87.79KpropertyPlantEquipmentResult -480.25x | 0.44xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$4.23KcapitalExpendituresD&A$9.55KdepreciationAndAmortizationResult 0.44x | $6.32Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$66.95MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.41MtotalLiabTangible book$65.55MShares10,373,820commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $6.32 | —Fixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$45.02MebitdaCapex$4.23KcapitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$45.02MResult — | -$3.50MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$3.50MtotalCashFromOperatingActivitiesCapex$4.23KcapitalExpendituresFree cash flow-$3.50MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.50M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$45.03MoperatingIncomeTax expense$874.00incomeTaxExpensePretax income-$45.03MincomeBeforeTaxTax rate—Equity$65.55MtotalStockholderEquityDebt$72.63KshortLongTermDebtTotalCash$655.46KcashInvested capital$64.96MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -512.92xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$45.03MoperatingIncomeNet PP&E$87.79KpropertyPlantEquipmentResult -512.92x |
| 2023 | 0.1%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$45.88KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$51.17MtotalAssetsInventory was not reported and is treated as zero.Result 0.1% | 1.20xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$54.99KtotalRevenueNet PP&E$45.88KpropertyPlantAndEquipmentNetResult 1.20x | 0.41xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$3.72KcapitalExpendituresD&A$9.07KdepreciationAndAmortizationResult 0.41x | $5.00Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$51.17MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$952.79KtotalLiabTangible book$50.22MShares10,052,640commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $5.00 | —Fixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$13.66MebitdaCapex$3.72KcapitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$13.67MResult — | $1.28MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$1.29MtotalCashFromOperatingActivitiesCapex$3.72KcapitalExpendituresFree cash flow$1.28MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.28M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.67MoperatingIncomeTax expense$833.00incomeTaxExpensePretax income-$13.67MincomeBeforeTaxTax rate—Equity$50.22MtotalStockholderEquityDebt$36.08KshortLongTermDebtTotalCash$282.17KcashInvested capital$49.97MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -80.01xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$3.67MoperatingIncomeNet PP&E$45.88KpropertyPlantAndEquipmentNetResult -80.01x |
| 2024 | 0.0%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$3.59KpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$47.61MtotalAssetsInventory was not reported and is treated as zero.Result 0.0% | 96.98xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$348.34KtotalRevenueNet PP&E$3.59KpropertyPlantAndEquipmentNetResult 96.98x | 0.00xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$4.00capitalExpendituresD&A$6.21KdepreciationAndAmortizationResult 0.00x | $4.56Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$47.61MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities$1.26MtotalLiabTangible book$46.35MShares10,174,100commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result $4.56 | —Fixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.86MOperating income + D&ACapex$4.00capitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$3.86MEBITDA is operating income plus D&A because the income statement did not report EBITDA.Result — | $269.93KFree cash flow · 2024-12-31Operating cash flow − capexOperating cash flow$269.93KtotalCashFromOperatingActivitiesCapex$4.00capitalExpendituresFree cash flow$269.93KNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result $269.93K | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.87MoperatingIncomeTax expense$153.00incomeTaxExpensePretax income-$3.87MincomeBeforeTaxTax rate—Equity$46.35MtotalStockholderEquityDebt—Not reportedCash$552.10KcashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1,076.28xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$3.87MoperatingIncomeNet PP&E$3.59KpropertyPlantAndEquipmentNetResult -1,076.28x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Reported free cash flow matched operating cash flow, so capex was subtracted.
Latest year inputs (2024)
Net PP&E: $3.59K
Inventory: $0.00
Total assets: $47.61M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $1.26M
Tangible book: $46.35M
Shares: 10,174,100
Revenue: $348.34K
Capex: $4.00
D&A: $6.21K
EBITDA: -$3.86M
Interest: —
Short-term debt: —
Free cash flow: $269.93K
Operating income: -$3.87M
Invested capital: —
Tax rate: —