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China Vocational Education Holdings Limited (1756) Ratios
China Vocational Education Holdings Limited Ratios
HK:1756's free cash flow for Q2 2026 was $-519.33M. For the 2026 fiscal year, HK:1756's free cash flow was decreased by $-364.62M and operating cash flow was $-154.72M. See a summary of the company’s cash flow.
| Ratios | Aug 25 | Aug 24 | Aug 23 | Aug 22 | Aug 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.62 | 0.54 | 0.60 | 0.62 | 0.76 |
| Quick Ratio | 0.62 | 0.54 | 0.60 | 0.62 | 0.76 |
| Cash Ratio | 0.59 | 0.51 | 0.57 | 0.59 | 0.71 |
| Solvency Ratio | 0.19 | 0.18 | 0.15 | 0.11 | 0.07 |
| Operating Cash Flow Ratio | 0.47 | 0.41 | 0.40 | 0.37 | 0.57 |
| Short-Term Operating Cash Flow Coverage | 5.02 | 2.33 | 1.78 | 1.81 | 3.17 |
| Net Current Asset Value | $ -2.64B | $ -2.79B | $ -2.88B | $ -2.92B | $ -2.70B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.26 | 0.30 | 0.34 | 0.37 | 0.37 |
| Debt-to-Equity Ratio | 0.48 | 0.59 | 0.73 | 0.85 | 0.86 |
| Debt-to-Capital Ratio | 0.32 | 0.37 | 0.42 | 0.46 | 0.46 |
| Long-Term Debt-to-Capital Ratio | 0.31 | 0.34 | 0.38 | 0.43 | 0.44 |
| Financial Leverage Ratio | 1.85 | 1.96 | 2.16 | 2.30 | 2.36 |
| Debt Service Coverage Ratio | 3.48 | 2.00 | 1.38 | 1.36 | 1.13 |
| Interest Coverage Ratio | 7.03 | 6.33 | 5.03 | 3.68 | 3.53 |
| Debt to Market Cap | 3.06 | 3.87 | 3.10 | 2.49 | 1.57 |
| Interest Debt Per Share | 1.77 | 1.94 | 2.12 | 2.25 | 1.99 |
| Net Debt to EBITDA | 1.32 | 1.75 | 2.14 | 3.04 | 4.10 |
| Profitability Margins | |||||
| Gross Profit Margin | 49.98% | 52.53% | 57.66% | 53.11% | 53.37% |
| EBIT Margin | 39.17% | 45.58% | 45.86% | 42.24% | 26.45% |
| EBITDA Margin | 57.15% | 62.95% | 63.00% | 59.64% | 39.78% |
| Operating Profit Margin | 34.24% | 45.22% | 45.79% | 42.31% | 25.46% |
| Pretax Profit Margin | 34.30% | 38.44% | 36.76% | 30.73% | 19.24% |
| Net Profit Margin | 31.70% | 35.56% | 36.28% | 28.62% | 16.27% |
| Continuous Operations Profit Margin | 31.70% | 35.56% | 36.28% | 28.62% | 16.27% |
| Net Income Per EBT | 92.42% | 92.51% | 98.70% | 93.13% | 84.57% |
| EBT Per EBIT | 100.17% | 85.00% | 80.28% | 72.63% | 75.58% |
| Return on Assets (ROA) | 5.69% | 6.01% | 5.40% | 3.90% | 2.27% |
| Return on Equity (ROE) | 10.54% | 11.81% | 11.68% | 8.97% | 5.34% |
| Return on Capital Employed (ROCE) | 7.77% | 9.80% | 8.93% | 7.25% | 4.41% |
| Return on Invested Capital (ROIC) | 7.01% | 8.64% | 8.23% | 6.41% | 3.57% |
| Return on Tangible Assets | 5.70% | 7.37% | 5.41% | 3.91% | 2.27% |
| Earnings Yield | 67.70% | 78.04% | 49.86% | 26.37% | 9.47% |
| Efficiency Ratios | |||||
| Receivables Turnover | 33.27 | 26.05 | 52.50 | 35.78 | 32.02 |
| Payables Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 171.31 |
| Fixed Asset Turnover | 0.21 | 0.25 | 0.18 | 0.16 | 0.17 |
| Asset Turnover | 0.18 | 0.17 | 0.15 | 0.14 | 0.14 |
| Working Capital Turnover Ratio | -2.05 | -1.75 | -1.78 | -2.24 | -17.48 |
| Cash Conversion Cycle | 10.97 | 14.01 | 6.95 | 10.20 | 13.53 |
| Days of Sales Outstanding | 10.97 | 14.01 | 6.95 | 10.20 | 11.40 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 2.13 |
| Days of Payables Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cycle | 10.97 | 14.01 | 6.95 | 10.20 | 13.53 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.65 | 0.56 | 0.58 | 0.45 | 0.59 |
| Free Cash Flow Per Share | 0.25 | 0.08 | 0.11 | -0.09 | -0.37 |
| Dividend Paid and CapEx Coverage Ratio | 1.64 | 1.16 | 1.22 | 0.71 | 0.58 |
| Capital Expenditure Coverage Ratio | 1.64 | 1.16 | 1.22 | 0.84 | 0.62 |
| Operating Cash Flow Coverage Ratio | 0.38 | 0.30 | 0.28 | 0.21 | 0.31 |
| Operating Cash Flow to Sales Ratio | 0.54 | 0.53 | 0.64 | 0.56 | 0.80 |
| Free Cash Flow Yield | 45.23% | 15.85% | 16.08% | -9.95% | -28.99% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 1.47 | 1.28 | 2.01 | 3.79 | 10.56 |
| Price-to-Sales (P/S) Ratio | 0.47 | 0.46 | 0.73 | 1.09 | 1.72 |
| Price-to-Book (P/B) Ratio | 0.16 | 0.15 | 0.23 | 0.34 | 0.56 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 2.21 | 6.31 | 6.22 | -10.05 | -3.45 |
| Price-to-Operating Cash Flow Ratio | 0.86 | 0.85 | 1.13 | 1.94 | 2.13 |
| Price-to-Earnings Growth (PEG) Ratio | 0.00 | 0.08 | 0.05 | 0.04 | -0.19 |
| Enterprise Value Multiple | 2.14 | 2.47 | 3.30 | 4.86 | 8.42 |
| Enterprise Value | 1.75B | 1.98B | 2.25B | 2.63B | 2.95B |
| EV to EBITDA | 2.14 | 2.47 | 3.30 | 4.86 | 8.42 |
| EV to Sales | 1.22 | 1.56 | 2.08 | 2.90 | 3.35 |
| EV to Free Cash Flow | 5.78 | 21.57 | 17.76 | -26.85 | -6.73 |
| EV to Operating Cash Flow | 2.26 | 2.92 | 3.23 | 5.18 | 4.16 |
| Tangible Book Value Per Share | 3.58 | 2.03 | 2.79 | 2.54 | 2.22 |
| Shareholders’ Equity Per Share | 3.58 | 3.18 | 2.81 | 2.55 | 2.24 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.08 | 0.07 | 0.01 | 0.07 | 0.15 |
| Revenue Per Share | 1.19 | 1.06 | 0.90 | 0.80 | 0.73 |
| Net Income Per Share | 0.38 | 0.38 | 0.33 | 0.23 | 0.12 |
| Tax Burden | 0.92 | 0.93 | 0.99 | 0.93 | 0.85 |
| Interest Burden | 0.88 | 0.84 | 0.80 | 0.73 | 0.73 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.16 | 0.11 | 0.14 | 0.13 | 0.12 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.56 | 1.39 | 1.75 | 1.82 | 4.18 |
Currency in CNY
