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Forward Fashion (International) Holdings Company Limited (2528) Ratios
Forward Fashion (International) Holdings Company Limited Ratios
HK:2528's free cash flow for Q2 2026 was $109.05M. For the 2026 fiscal year, HK:2528's free cash flow was decreased by $-23.66M and operating cash flow was $132.71M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.31 | 1.09 | 1.01 | 1.00 | 1.01 |
| Quick Ratio | 0.62 | 0.48 | 0.44 | 0.47 | 0.60 |
| Cash Ratio | 0.30 | 0.11 | 0.14 | 0.13 | 0.18 |
| Solvency Ratio | 0.39 | -0.05 | 0.21 | 0.23 | 0.32 |
| Operating Cash Flow Ratio | 0.63 | 0.29 | 0.41 | 0.44 | 0.33 |
| Short-Term Operating Cash Flow Coverage | 2.21 | 1.66 | 3.87 | 5.15 | 0.83 |
| Net Current Asset Value | $ -67.28M | $ -235.89M | $ -152.00M | $ -150.31M | $ -181.62M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.24 | 0.38 | 0.29 | 0.28 | 0.49 |
| Debt-to-Equity Ratio | 0.77 | 2.09 | 1.16 | 1.01 | 1.82 |
| Debt-to-Capital Ratio | 0.43 | 0.68 | 0.54 | 0.50 | 0.65 |
| Long-Term Debt-to-Capital Ratio | 0.08 | 0.14 | 0.09 | 0.15 | 0.09 |
| Financial Leverage Ratio | 3.16 | 5.51 | 3.99 | 3.66 | 3.71 |
| Debt Service Coverage Ratio | 1.88 | -0.36 | 2.15 | 2.65 | 1.04 |
| Interest Coverage Ratio | 6.07 | -3.84 | 0.01 | -1.37 | 3.17 |
| Debt to Market Cap | 0.97 | 1.10 | 0.67 | 0.59 | 0.77 |
| Interest Debt Per Share | 0.44 | 0.82 | 0.71 | 0.68 | 1.44 |
| Net Debt to EBITDA | 0.35 | -9.54 | 1.16 | 1.07 | 1.45 |
| Profitability Margins | |||||
| Gross Profit Margin | 47.57% | 44.84% | 46.42% | 47.32% | 53.01% |
| EBIT Margin | 8.17% | -7.32% | 0.13% | -1.62% | 5.57% |
| EBITDA Margin | 22.96% | -2.96% | 16.47% | 17.75% | 24.73% |
| Operating Profit Margin | 9.09% | -7.01% | 0.01% | -2.70% | 5.50% |
| Pretax Profit Margin | 7.65% | -8.62% | -1.81% | -3.59% | 3.84% |
| Net Profit Margin | 6.63% | -8.19% | -1.67% | -3.45% | 2.62% |
| Continuous Operations Profit Margin | 6.89% | -9.07% | -1.96% | -3.80% | 2.58% |
| Net Income Per EBT | 86.63% | 95.02% | 92.37% | 96.19% | 68.25% |
| EBT Per EBIT | 84.19% | 123.03% | -15593.16% | 133.15% | 69.75% |
| Return on Assets (ROA) | 8.57% | -9.35% | -1.85% | -3.64% | 2.85% |
| Return on Equity (ROE) | 27.11% | -51.55% | -7.36% | -13.31% | 10.56% |
| Return on Capital Employed (ROCE) | 21.92% | -16.31% | 0.03% | -6.60% | 13.86% |
| Return on Invested Capital (ROIC) | 15.80% | -11.61% | 0.02% | -4.90% | 5.08% |
| Return on Tangible Assets | 8.61% | -9.39% | -1.86% | -3.67% | 2.87% |
| Earnings Yield | 51.49% | -87.38% | -14.28% | -21.80% | 8.55% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.97 | 13.89 | 20.55 | 17.11 | 15.60 |
| Payables Turnover | 5.56 | 4.47 | 3.98 | 5.25 | 7.41 |
| Inventory Turnover | 2.12 | 2.05 | 1.75 | 1.84 | 2.22 |
| Fixed Asset Turnover | 4.18 | 2.94 | 3.19 | 3.44 | 3.25 |
| Asset Turnover | 1.29 | 1.14 | 1.10 | 1.05 | 1.09 |
| Working Capital Turnover Ratio | 13.14 | 44.58 | 324.94 | 307.27 | 41.50 |
| Cash Conversion Cycle | 137.25 | 122.36 | 134.46 | 149.73 | 138.79 |
| Days of Sales Outstanding | 30.49 | 26.27 | 17.76 | 21.34 | 23.39 |
| Days of Inventory Outstanding | 172.35 | 177.76 | 208.33 | 197.86 | 164.68 |
| Days of Payables Outstanding | 65.59 | 81.67 | 91.63 | 69.47 | 49.27 |
| Operating Cycle | 202.84 | 204.03 | 226.10 | 219.20 | 188.07 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.50 | 0.30 | 0.55 | 0.58 | 0.53 |
| Free Cash Flow Per Share | 0.42 | 0.21 | 0.41 | 0.41 | 0.43 |
| Dividend Paid and CapEx Coverage Ratio | 6.29 | 3.16 | 3.81 | 3.39 | 5.06 |
| Capital Expenditure Coverage Ratio | 6.29 | 3.16 | 3.81 | 3.39 | 5.06 |
| Operating Cash Flow Coverage Ratio | 1.21 | 0.39 | 0.83 | 0.91 | 0.39 |
| Operating Cash Flow to Sales Ratio | 0.23 | 0.13 | 0.22 | 0.24 | 0.17 |
| Free Cash Flow Yield | 148.92% | 93.35% | 137.50% | 106.77% | 45.67% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 2.00 | -1.14 | -7.00 | -4.59 | 11.69 |
| Price-to-Sales (P/S) Ratio | 0.13 | 0.09 | 0.12 | 0.16 | 0.31 |
| Price-to-Book (P/B) Ratio | 0.53 | 0.59 | 0.52 | 0.61 | 1.23 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 0.67 | 1.07 | 0.73 | 0.94 | 2.19 |
| Price-to-Operating Cash Flow Ratio | 0.56 | 0.73 | 0.54 | 0.66 | 1.76 |
| Price-to-Earnings Growth (PEG) Ratio | -0.01 | -0.00 | 0.14 | 0.02 | -0.09 |
| Enterprise Value Multiple | 0.91 | -12.70 | 1.87 | 1.96 | 2.69 |
| Enterprise Value | 181.23M | 353.26M | 310.35M | 334.37M | 815.68M |
| EV to EBITDA | 0.91 | -12.70 | 1.87 | 1.96 | 2.69 |
| EV to Sales | 0.21 | 0.38 | 0.31 | 0.35 | 0.66 |
| EV to Free Cash Flow | 1.09 | 4.30 | 1.91 | 2.06 | 4.75 |
| EV to Operating Cash Flow | 0.91 | 2.94 | 1.41 | 1.45 | 3.81 |
| Tangible Book Value Per Share | 0.48 | 0.32 | 0.53 | 0.58 | 0.73 |
| Shareholders’ Equity Per Share | 0.53 | 0.37 | 0.57 | 0.62 | 0.76 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.10 | -0.05 | -0.08 | -0.06 | 0.33 |
| Revenue Per Share | 2.18 | 2.35 | 2.52 | 2.40 | 3.07 |
| Net Income Per Share | 0.14 | -0.19 | -0.04 | -0.08 | 0.08 |
| Tax Burden | 0.87 | 0.95 | 0.92 | 0.96 | 0.68 |
| Interest Burden | 0.94 | 1.18 | -13.48 | 2.22 | 0.69 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.39 | 0.52 | 0.10 | 0.10 | 0.10 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 3.44 | -1.56 | -13.06 | -6.68 | 4.54 |
Currency in HKD
