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ASE Technology Holding Co (ASX) Ratios
ASE Technology Holding Co Ratios
ASX's free cash flow for Q3 2026 was $-75.72B. For the 2026 fiscal year, ASX's free cash flow was decreased by $-126.07B and operating cash flow was $50.36B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.28 | 1.17 | 1.18 | 1.35 | 1.39 |
| Quick Ratio | 1.00 | 0.91 | 0.89 | 0.93 | 1.04 |
| Cash Ratio | 0.38 | 0.33 | 0.30 | 0.26 | 0.36 |
| Solvency Ratio | 0.21 | 0.23 | 0.25 | 0.30 | 0.29 |
| Operating Cash Flow Ratio | 0.59 | 0.36 | 0.47 | 0.47 | 0.37 |
| Short-Term Operating Cash Flow Coverage | 2.86 | 1.57 | 1.51 | 2.36 | 1.62 |
| Net Current Asset Value | $ -202.17B | $ -123.50B | $ -87.12B | $ -86.78B | $ -105.94B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.30 | 0.27 | 0.27 | 0.27 | 0.32 |
| Debt-to-Equity Ratio | 0.76 | 0.63 | 0.60 | 0.63 | 0.83 |
| Debt-to-Capital Ratio | 0.43 | 0.39 | 0.38 | 0.39 | 0.45 |
| Long-Term Debt-to-Capital Ratio | 0.38 | 0.30 | 0.25 | 0.31 | 0.38 |
| Financial Leverage Ratio | 2.56 | 2.32 | 2.24 | 2.35 | 2.59 |
| Debt Service Coverage Ratio | 2.07 | 1.66 | 1.25 | 2.77 | 2.47 |
| Interest Coverage Ratio | 9.07 | 6.09 | 6.41 | 611.79 | 614.26 |
| Debt to Market Cap | 0.24 | 0.26 | 0.28 | 0.44 | 0.45 |
| Interest Debt Per Share | 124.26 | 92.55 | 86.41 | 88.99 | 100.24 |
| Net Debt to EBITDA | 1.38 | 1.15 | 1.08 | 0.94 | 1.04 |
| Profitability Margins | |||||
| Gross Profit Margin | 17.69% | 15.38% | 14.93% | 19.52% | 18.58% |
| EBIT Margin | 8.82% | 7.99% | 8.21% | 12.60% | 14.42% |
| EBITDA Margin | 19.21% | 17.86% | 18.00% | 20.70% | 23.85% |
| Operating Profit Margin | 7.86% | 6.76% | 7.12% | 12.12% | 11.03% |
| Pretax Profit Margin | 7.95% | 7.00% | 7.32% | 12.17% | 14.09% |
| Net Profit Margin | 6.30% | 5.46% | 5.45% | 9.26% | 11.21% |
| Continuous Operations Profit Margin | 6.48% | 5.70% | 5.77% | 9.72% | 11.58% |
| Net Income Per EBT | 79.25% | 77.93% | 74.47% | 76.07% | 79.55% |
| EBT Per EBIT | 101.07% | 103.57% | 102.85% | 100.42% | 127.77% |
| Return on Assets (ROA) | 4.60% | 4.47% | 4.70% | 8.89% | 9.40% |
| Return on Equity (ROE) | 11.78% | 10.36% | 10.51% | 20.86% | 24.33% |
| Return on Capital Employed (ROCE) | 7.91% | 8.11% | 9.20% | 16.97% | 13.48% |
| Return on Invested Capital (ROIC) | 5.99% | 5.95% | 6.26% | 12.40% | 10.00% |
| Return on Tangible Assets | 4.96% | 4.93% | 5.24% | 9.92% | 10.61% |
| Earnings Yield | 3.73% | 4.46% | 5.05% | 15.32% | 13.62% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.19 | 4.95 | 4.74 | 4.94 | 4.17 |
| Payables Turnover | 6.02 | 6.57 | 6.95 | 6.92 | 5.44 |
| Inventory Turnover | 7.70 | 8.41 | 7.72 | 5.89 | 6.27 |
| Fixed Asset Turnover | 1.50 | 1.87 | 2.08 | 2.43 | 2.25 |
| Asset Turnover | 0.73 | 0.82 | 0.86 | 0.96 | 0.84 |
| Working Capital Turnover Ratio | 11.77 | 15.87 | 9.81 | 8.51 | 8.46 |
| Cash Conversion Cycle | 57.09 | 61.59 | 71.74 | 83.08 | 78.60 |
| Days of Sales Outstanding | 70.33 | 73.69 | 77.01 | 73.84 | 87.52 |
| Days of Inventory Outstanding | 47.42 | 43.43 | 47.28 | 61.99 | 58.17 |
| Days of Payables Outstanding | 60.65 | 55.52 | 52.55 | 52.75 | 67.09 |
| Operating Cycle | 117.75 | 117.11 | 124.29 | 135.83 | 145.69 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 65.89 | 37.67 | 48.68 | 49.23 | 36.60 |
| Free Cash Flow Per Share | -9.22 | 1.32 | 23.78 | 14.50 | 3.54 |
| Dividend Paid and CapEx Coverage Ratio | 0.77 | 0.81 | 1.15 | 1.01 | 0.88 |
| Capital Expenditure Coverage Ratio | 0.88 | 1.04 | 1.96 | 1.42 | 1.11 |
| Operating Cash Flow Coverage Ratio | 0.54 | 0.42 | 0.58 | 0.55 | 0.37 |
| Operating Cash Flow to Sales Ratio | 0.22 | 0.14 | 0.18 | 0.15 | 0.14 |
| Free Cash Flow Yield | -1.83% | 0.40% | 8.24% | 7.55% | 1.64% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 26.92 | 21.99 | 19.81 | 6.53 | 7.34 |
| Price-to-Sales (P/S) Ratio | 1.69 | 1.22 | 1.08 | 0.60 | 0.82 |
| Price-to-Book (P/B) Ratio | 3.16 | 2.32 | 2.08 | 1.36 | 1.79 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -54.72 | 250.90 | 12.14 | 13.24 | 60.94 |
| Price-to-Operating Cash Flow Ratio | 7.66 | 8.78 | 5.93 | 3.90 | 5.90 |
| Price-to-Earnings Growth (PEG) Ratio | 0.91 | 6.39 | -0.40 | -3.13 | 0.06 |
| Enterprise Value Multiple | 10.16 | 8.01 | 7.08 | 3.86 | 4.49 |
| Enterprise Value | 1.27T | 868.85B | 732.02B | 542.39B | 604.17B |
| EV to EBITDA | 10.16 | 8.01 | 7.08 | 3.86 | 4.49 |
| EV to Sales | 1.95 | 1.43 | 1.27 | 0.80 | 1.07 |
| EV to Free Cash Flow | -63.30 | 293.03 | 14.33 | 17.51 | 79.25 |
| EV to Operating Cash Flow | 8.86 | 10.25 | 7.00 | 5.16 | 7.67 |
| Tangible Book Value Per Share | 142.15 | 121.84 | 115.71 | 115.30 | 91.98 |
| Shareholders’ Equity Per Share | 159.82 | 142.28 | 138.66 | 140.96 | 120.82 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.18 | 0.19 | 0.21 | 0.20 | 0.18 |
| Revenue Per Share | 298.96 | 270.19 | 267.32 | 317.75 | 262.21 |
| Net Income Per Share | 18.83 | 14.74 | 14.57 | 29.41 | 29.40 |
| Tax Burden | 0.79 | 0.78 | 0.74 | 0.76 | 0.80 |
| Interest Burden | 0.90 | 0.88 | 0.89 | 0.97 | 0.98 |
| Research & Development to Revenue | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| SG&A to Revenue | 0.05 | 0.04 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 3.52 | 2.56 | 3.34 | 1.67 | 1.24 |
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