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.
Upexi Inc.
Physical assets are 0.6% of total assets, a light footprint. Capex is 0.10x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. EBITDA after capex covers debt service by -0.42x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 30.99x.
Physical asset ratio
0.6%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$806.72KpropertyPlantAndEquipmentNetInventory$265.96KinventoryTotal assets$180.12MtotalAssetsResult 0.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
30.99xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$25.00MtotalRevenueNet PP&E$806.72KpropertyPlantAndEquipmentNetResult 30.99x
Revenue per dollar of the physical asset base.
Capex / D&A
0.10xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$44.00KcapitalExpendituresD&A$456.25KdepreciationAndAmortizationResult 0.10x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$0.86Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$180.12MtotalAssetsGoodwill$673.85KgoodWillIntangibles$86.35KintangibleAssetsLiabilities$233.93MtotalLiabTangible book-$54.57MShares63,539,613commonStockSharesOutstandingResult -$0.86
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$0.76Latest quoteTangible book / share-$0.862026-06-30Tangible book per share is not positive, so the multiple is left blank.Result —
Price $0.76.
Fixed-charge coverage
-0.42xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$31.45MebitdaCapex$44.00KcapitalExpendituresInterest$13.56MinterestExpenseShort-term debt$60.99MshortLongTermDebtEBITDA − capex-$31.50MPrincipal due is the current portion of debt.Result -0.42x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-29.0%Free cash flow yield · 2026-06-30Latest free cash flow / current market capFree cash flow-$21.00MNot reportedMarket cap$72.30MMarketCapitalizationResult -29.0%
Latest free cash flow divided by current market cap ($72.30M).
ROIC
—ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$31.91MoperatingIncomeTax expense$0.00taxProvisionPretax income-$246.06MincomeBeforeTaxTax rate—Equity-$53.81MtotalStockholderEquityDebt$223.73MshortLongTermDebtTotalCash$5.78McashInvested capital$164.14MROIC 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 -39.55x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 18.7%Physical asset ratio · 2019-06-30(Net PP&E + inventory) / total assetsNet PP&E$262.02KpropertyPlantEquipmentInventory$1.14MinventoryTotal assets$7.50MtotalAssetsResult 18.7% | 8.43xFixed asset turnover · 2019-06-30Revenue / net PP&ERevenue$2.21MtotalRevenueNet PP&E$262.02KpropertyPlantEquipmentResult 8.43x | 3.25xCapex / D&A · 2019-06-30Capital expenditures / depreciation and amortizationCapex$219.45KcapitalExpendituresD&A$67.57KdepreciationAndAmortizationResult 3.25x | $5.87Tangible book / share · 2019-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$7.50MtotalAssetsGoodwill$493.10KgoodWillIntangibles$1.63MintangibleAssetsLiabilities$1.11MtotalLiabTangible book$4.27MShares726,917commonStockSharesOutstandingResult $5.87 | -241.50xFixed-charge coverage · 2019-06-30(EBITDA − capex) / interestEBITDA-$521.49KebitdaCapex$219.45KcapitalExpendituresInterest$3.07KinterestExpenseEBITDA − capex-$740.93KShort-term debt was not reported, so the denominator is interest only.Result -241.50x | -$1.41MFree cash flow · 2019-06-30Reported free cash flowOperating cash flow-$1.19MtotalCashFromOperatingActivitiesCapex$219.45KcapitalExpendituresFree cash flow-$1.41MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.41M | —ROIC · 2019-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$589.05KoperatingIncomeTax expense-$2.01KincomeTaxExpensePretax income-$587.04KincomeBeforeTaxTax rate—Equity$4.74MtotalStockholderEquityDebt—Not reportedCash$3.70McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.25xEBIT / PP&E · 2019-06-30Operating income / net PP&EOperating income-$589.05KoperatingIncomeNet PP&E$262.02KpropertyPlantEquipmentResult -2.25x |
| 2020 | 53.6%Physical asset ratio · 2020-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.98MpropertyPlantEquipmentInventory$1.45MinventoryTotal assets$6.40MtotalAssetsResult 53.6% | 3.74xFixed asset turnover · 2020-06-30Revenue / net PP&ERevenue$7.41MtotalRevenueNet PP&E$1.98MpropertyPlantEquipmentResult 3.74x | 3.16xCapex / D&A · 2020-06-30Capital expenditures / depreciation and amortizationCapex$1.93McapitalExpendituresD&A$611.35KdepreciationAndAmortizationResult 3.16x | $0.61Tangible book / share · 2020-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.40MtotalAssetsGoodwill$493.10KgoodWillIntangibles$1.24MintangibleAssetsLiabilities$4.22MtotalLiabTangible book$446.03KShares726,917commonStockSharesOutstandingResult $0.61 | -3.38xFixed-charge coverage · 2020-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$4.23MebitdaCapex$1.93McapitalExpendituresInterest$138.41KinterestExpenseShort-term debt$1.68MshortLongTermDebtEBITDA − capex-$6.16MPrincipal due is the current portion of debt.Result -3.38x | -$6.09MFree cash flow · 2020-06-30Reported free cash flowOperating cash flow-$4.16MtotalCashFromOperatingActivitiesCapex$1.93McapitalExpendituresFree cash flow-$6.09MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$6.09M | —ROIC · 2020-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$4.84MoperatingIncomeTax expense$545.34KincomeTaxExpensePretax income-$5.38MincomeBeforeTaxTax rate—Equity$225.58KtotalStockholderEquityDebt$2.85MshortLongTermDebtTotalCash$887.52KcashInvested capital$2.19MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.44xEBIT / PP&E · 2020-06-30Operating income / net PP&EOperating income-$4.84MoperatingIncomeNet PP&E$1.98MpropertyPlantEquipmentResult -2.44x |
| 2021 | 19.6%Physical asset ratio · 2021-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.25MpropertyPlantAndEquipmentNetInventory$2.09MinventoryTotal assets$27.25MtotalAssetsResult 19.6% | 7.41xFixed asset turnover · 2021-06-30Revenue / net PP&ERevenue$24.10MtotalRevenueNet PP&E$3.25MpropertyPlantAndEquipmentNetResult 7.41x | 1.38xCapex / D&A · 2021-06-30Capital expenditures / depreciation and amortizationCapex$1.42McapitalExpendituresD&A$1.03MdepreciationAndAmortizationResult 1.38x | $22.22Tangible book / share · 2021-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$27.25MtotalAssetsGoodwill$2.41MgoodWillIntangibles$1.85MintangibleAssetsLiabilities$6.04MtotalLiabTangible book$16.96MShares763,119commonStockSharesOutstandingResult $22.22 | 1.88xFixed-charge coverage · 2021-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$3.26MebitdaCapex$1.42McapitalExpendituresInterest$530.45KinterestExpenseShort-term debt$447.10KshortLongTermDebtEBITDA − capex$1.83MPrincipal due is the current portion of debt.Result 1.88x | $1.52MFree cash flow · 2021-06-30Reported free cash flowOperating cash flow$2.94MtotalCashFromOperatingActivitiesCapex$1.42McapitalExpendituresFree cash flow$1.52MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.52M | 20.0%ROIC · 2021-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.43MoperatingIncomeTax expense-$1.28MincomeTaxExpensePretax income$1.70MincomeBeforeTaxTax rate0.0%Equity$21.22MtotalStockholderEquityDebt$447.10KlongTermDebt + shortLongTermDebtCash$14.53McashInvested capital$7.13MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 20.0% | 0.44xEBIT / PP&E · 2021-06-30Operating income / net PP&EOperating income$1.43MoperatingIncomeNet PP&E$3.25MpropertyPlantAndEquipmentNetResult 0.44x |
| 2022 | 31.8%Physical asset ratio · 2022-06-30(Net PP&E + inventory) / total assetsNet PP&E$8.97MpropertyPlantEquipmentInventory$6.45MinventoryTotal assets$48.49MtotalAssetsResult 31.8% | 2.57xFixed asset turnover · 2022-06-30Revenue / net PP&ERevenue$23.07MtotalRevenueNet PP&E$8.97MpropertyPlantEquipmentResult 2.57x | 2.25xCapex / D&A · 2022-06-30Capital expenditures / depreciation and amortizationCapex$6.15McapitalExpendituresD&A$2.73MdepreciationAndAmortizationResult 2.25x | $10.40Tangible book / share · 2022-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$48.49MtotalAssetsGoodwill$8.30MgoodWillIntangibles$12.05MintangibleAssetsLiabilities$19.70MtotalLiabTangible book$8.43MShares811,226commonStockSharesOutstandingResult $10.40 | -1.71xFixed-charge coverage · 2022-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.45MebitdaCapex$6.15McapitalExpendituresInterest$202.12KinterestExpenseShort-term debt$5.42MshortLongTermDebtEBITDA − capex-$9.61MPrincipal due is the current portion of debt.Result -1.71x | -$5.63MFree cash flow · 2022-06-30Reported free cash flowOperating cash flow$521.87KtotalCashFromOperatingActivitiesCapex$6.15McapitalExpendituresFree cash flow-$5.63MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$5.63M | —ROIC · 2022-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$6.49MoperatingIncomeTax expense-$518.40KincomeTaxExpensePretax income-$6.39MincomeBeforeTaxTax rate—Equity$28.73MtotalStockholderEquityDebt$15.45MshortLongTermDebtTotalCash$7.15McashInvested capital$37.04MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.72xEBIT / PP&E · 2022-06-30Operating income / net PP&EOperating income-$6.49MoperatingIncomeNet PP&E$8.97MpropertyPlantEquipmentResult -0.72x |
| 2023 | 20.0%Physical asset ratio · 2023-06-30(Net PP&E + inventory) / total assetsNet PP&E$7.94MpropertyPlantEquipmentInventory$4.80MinventoryTotal assets$63.80MtotalAssetsUses the property line, which is larger than net PP&E ($3.24M, propertyPlantAndEquipmentNet).Result 20.0% | 4.59xFixed asset turnover · 2023-06-30Revenue / net PP&ERevenue$36.44MtotalRevenueNet PP&E$7.94MpropertyPlantEquipmentResult 4.59x | 0.27xCapex / D&A · 2023-06-30Capital expenditures / depreciation and amortizationCapex$937.56KcapitalExpendituresD&A$3.48MdepreciationAndAmortizationResult 0.27x | $20.16Tangible book / share · 2023-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$63.80MtotalAssetsGoodwill$2.89MgoodWillIntangibles$6.92MintangibleAssetsLiabilities$35.96MtotalLiabTangible book$18.03MShares893,943commonStockSharesOutstandingResult $20.16 | -0.39xFixed-charge coverage · 2023-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$5.05MebitdaCapex$937.56KcapitalExpendituresInterest$4.72MinterestExpenseShort-term debt$10.53MshortLongTermDebtEBITDA − capex-$5.99MPrincipal due is the current portion of debt.Result -0.39x | -$734.89KFree cash flow · 2023-06-30Reported free cash flowOperating cash flow$202.68KtotalCashFromOperatingActivitiesCapex$937.56KcapitalExpendituresFree cash flow-$734.89KfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$734.89K | —ROIC · 2023-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$12.28MoperatingIncomeTax expense-$3.05MincomeTaxExpensePretax income-$16.96MincomeBeforeTaxTax rate—Equity$28.34MtotalStockholderEquityDebt$26.34MshortLongTermDebtTotalCash$4.49McashInvested capital$50.19MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.55xEBIT / PP&E · 2023-06-30Operating income / net PP&EOperating income-$12.28MoperatingIncomeNet PP&E$7.94MpropertyPlantEquipmentResult -1.55x |
| 2024 | 26.4%Physical asset ratio · 2024-06-30(Net PP&E + inventory) / total assetsNet PP&E$4.78MpropertyPlantAndEquipmentNetInventory$1.43MinventoryTotal assets$23.51MtotalAssetsResult 26.4% | 5.44xFixed asset turnover · 2024-06-30Revenue / net PP&ERevenue$26.00MtotalRevenueNet PP&E$4.78MpropertyPlantAndEquipmentNetResult 5.44x | 0.25xCapex / D&A · 2024-06-30Capital expenditures / depreciation and amortizationCapex$932.56KcapitalExpendituresD&A$3.68MdepreciationAndAmortizationResult 0.25x | $5.28Tangible book / share · 2024-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$23.51MtotalAssetsGoodwill$848.85KgoodWillIntangibles$239.87KintangibleAssetsLiabilities$17.00MtotalLiabTangible book$5.43MShares1,027,231commonStockSharesOutstandingResult $5.28 | -0.95xFixed-charge coverage · 2024-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$9.72MebitdaCapex$932.56KcapitalExpendituresInterest$3.12MinterestExpenseShort-term debt$8.08MshortLongTermDebtEBITDA − capex-$10.65MPrincipal due is the current portion of debt.Result -0.95x | -$1.03MFree cash flow · 2024-06-30Reported free cash flowOperating cash flow-$101.38KtotalCashFromOperatingActivitiesCapex$932.56KcapitalExpendituresFree cash flow-$1.03MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$1.03M | —ROIC · 2024-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$22.46MoperatingIncomeTax expense-$332.10KincomeTaxExpensePretax income-$25.60MincomeBeforeTaxTax rate—Equity$6.52MtotalStockholderEquityDebt$13.45MshortLongTermDebtTotalCash$661.42KcashInvested capital$19.31MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -4.70xEBIT / PP&E · 2024-06-30Operating income / net PP&EOperating income-$22.46MoperatingIncomeNet PP&E$4.78MpropertyPlantAndEquipmentNetResult -4.70x |
| 2025 | 4.0%Physical asset ratio · 2025-06-30(Net PP&E + inventory) / total assetsNet PP&E$3.79MpropertyPlantAndEquipmentNetInventory$1.15MinventoryTotal assets$123.81MtotalAssetsResult 4.0% | 4.17xFixed asset turnover · 2025-06-30Revenue / net PP&ERevenue$15.81MtotalRevenueNet PP&E$3.79MpropertyPlantAndEquipmentNetResult 4.17x | 0.51xCapex / D&A · 2025-06-30Capital expenditures / depreciation and amortizationCapex$387.76KcapitalExpendituresD&A$757.76KdepreciationAndAmortizationResult 0.51x | $11.26Tangible book / share · 2025-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$123.81MtotalAssetsGoodwill$848.85KgoodWillIntangibles$163.11KintangibleAssetsLiabilities$33.71MtotalLiabTangible book$89.09MShares7,914,268commonStockSharesOutstandingResult $11.26 | -0.46xFixed-charge coverage · 2025-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$12.12MebitdaCapex$387.76KcapitalExpendituresInterest$1.17MinterestExpenseShort-term debt$25.94MshortLongTermDebtEBITDA − capex-$12.51MPrincipal due is the current portion of debt.Result -0.46x | -$8.81MFree cash flow · 2025-06-30Reported free cash flowOperating cash flow-$8.42MtotalCashFromOperatingActivitiesCapex$387.76KcapitalExpendituresFree cash flow-$8.81MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$8.81M | —ROIC · 2025-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$12.50MoperatingIncomeTax expense$0.00taxProvisionPretax income-$13.68MincomeBeforeTaxTax rate—Equity$90.10MtotalStockholderEquityDebt$27.78MshortLongTermDebtTotalCash$2.98McashInvested capital$114.90MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.30xEBIT / PP&E · 2025-06-30Operating income / net PP&EOperating income-$12.50MoperatingIncomeNet PP&E$3.79MpropertyPlantAndEquipmentNetResult -3.30x |
| 2026 | 0.6%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$806.72KpropertyPlantAndEquipmentNetInventory$265.96KinventoryTotal assets$180.12MtotalAssetsResult 0.6% | 30.99xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$25.00MtotalRevenueNet PP&E$806.72KpropertyPlantAndEquipmentNetResult 30.99x | 0.10xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$44.00KcapitalExpendituresD&A$456.25KdepreciationAndAmortizationResult 0.10x | -$0.86Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$180.12MtotalAssetsGoodwill$673.85KgoodWillIntangibles$86.35KintangibleAssetsLiabilities$233.93MtotalLiabTangible book-$54.57MShares63,539,613commonStockSharesOutstandingResult -$0.86 | -0.42xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA-$31.45MebitdaCapex$44.00KcapitalExpendituresInterest$13.56MinterestExpenseShort-term debt$60.99MshortLongTermDebtEBITDA − capex-$31.50MPrincipal due is the current portion of debt.Result -0.42x | -$21.00MFree cash flow · 2026-06-30Operating cash flow − capexOperating cash flow-$20.96MtotalCashFromOperatingActivitiesCapex$44.00KcapitalExpendituresFree cash flow-$21.00MNot reportedReported free cash flow matched operating cash flow, so capex was subtracted.Result -$21.00M | —ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$31.91MoperatingIncomeTax expense$0.00taxProvisionPretax income-$246.06MincomeBeforeTaxTax rate—Equity-$53.81MtotalStockholderEquityDebt$223.73MshortLongTermDebtTotalCash$5.78McashInvested capital$164.14MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -39.55xEBIT / PP&E · 2026-06-30Operating income / net PP&EOperating income-$31.91MoperatingIncomeNet PP&E$806.72KpropertyPlantAndEquipmentNetResult -39.55x |
- Principal due is the current portion of debt.
- Reported free cash flow matched operating cash flow, so capex was subtracted.
Latest year inputs (2026)
Net PP&E: $806.72K
Inventory: $265.96K
Total assets: $180.12M
Goodwill: $673.85K
Intangibles: $86.35K
Liabilities: $233.93M
Tangible book: -$54.57M
Shares: 63,539,613
Revenue: $25.00M
Capex: $44.00K
D&A: $456.25K
EBITDA: -$31.45M
Interest: $13.56M
Short-term debt: $60.99M
Free cash flow: -$21.00M
Operating income: -$31.91M
Invested capital: $164.14M
Tax rate: —