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Activation Group Holdings Ltd. (9919) Ratios
Activation Group Holdings Ltd. Ratios
HK:9919's free cash flow for Q2 2026 was $48.76M. For the 2026 fiscal year, HK:9919's free cash flow was decreased by $-173.19K and operating cash flow was $48.93M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.01 | 1.79 | 1.69 | 1.80 | 2.40 |
| Quick Ratio | 2.01 | 1.79 | 1.69 | 1.80 | 2.40 |
| Cash Ratio | 1.03 | 1.01 | 0.72 | 0.86 | 1.45 |
| Solvency Ratio | 0.27 | 0.22 | 0.26 | 0.07 | 0.33 |
| Operating Cash Flow Ratio | -0.02 | 0.45 | 0.27 | 0.18 | 0.63 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 284.55M | $ 288.17M | $ 287.23M | $ 267.72M | $ 383.86M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt-to-Equity Ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
| Debt-to-Capital Ratio | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.92 | 2.19 | 2.34 | 2.11 | 1.76 |
| Debt Service Coverage Ratio | 161.28 | 222.25 | 302.49 | 27.71 | 155.20 |
| Interest Coverage Ratio | 229.83 | 282.10 | 373.39 | 95.29 | 226.40 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net Debt to EBITDA | -3.35 | -2.96 | -1.76 | -6.92 | -2.89 |
| Profitability Margins | |||||
| Gross Profit Margin | 29.34% | 29.99% | 30.83% | 29.11% | 29.56% |
| EBIT Margin | 11.57% | 14.22% | 17.08% | 5.75% | 15.09% |
| EBITDA Margin | 12.27% | 14.82% | 17.62% | 6.05% | 15.18% |
| Operating Profit Margin | 12.05% | 13.91% | 15.83% | 7.21% | 15.35% |
| Pretax Profit Margin | 15.27% | 14.17% | 17.04% | 8.02% | 16.00% |
| Net Profit Margin | 10.74% | 9.35% | 11.17% | 3.40% | 10.23% |
| Continuous Operations Profit Margin | 11.46% | 10.31% | 12.24% | 4.07% | 11.34% |
| Net Income Per EBT | 70.34% | 65.96% | 65.54% | 42.43% | 63.95% |
| EBT Per EBIT | 126.72% | 101.88% | 107.64% | 111.13% | 104.21% |
| Return on Assets (ROA) | 11.52% | 10.62% | 13.58% | 3.32% | 12.91% |
| Return on Equity (ROE) | 22.17% | 23.21% | 31.78% | 7.03% | 22.76% |
| Return on Capital Employed (ROCE) | 23.12% | 31.84% | 41.76% | 13.79% | 31.77% |
| Return on Invested Capital (ROIC) | 17.23% | 23.04% | 29.74% | 6.95% | 22.51% |
| Return on Tangible Assets | 11.71% | 10.78% | 13.77% | 3.37% | 13.11% |
| Earnings Yield | 10.73% | 13.03% | 15.06% | 3.75% | 10.59% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.68 | 2.89 | 2.43 | 2.25 | 3.90 |
| Payables Turnover | 2.03 | 2.01 | 1.97 | 1.70 | 2.87 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 67.56 | 74.01 | 92.80 | 47.37 | 65.43 |
| Asset Turnover | 1.07 | 1.14 | 1.22 | 0.98 | 1.26 |
| Working Capital Turnover Ratio | 2.40 | 2.87 | 3.38 | 2.08 | 2.44 |
| Cash Conversion Cycle | -43.75 | -55.06 | -35.12 | -52.34 | -33.57 |
| Days of Sales Outstanding | 136.14 | 126.18 | 150.05 | 162.25 | 93.54 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 179.89 | 181.25 | 185.17 | 214.59 | 127.11 |
| Operating Cycle | 136.14 | 126.18 | 150.05 | 162.25 | 93.54 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -0.01 | 0.23 | 0.16 | 0.08 | 0.24 |
| Free Cash Flow Per Share | -0.01 | 0.23 | 0.15 | 0.08 | 0.23 |
| Dividend Paid and CapEx Coverage Ratio | -0.11 | 1.95 | 1.38 | 0.65 | 3.24 |
| Capital Expenditure Coverage Ratio | -10.46 | 86.49 | 81.70 | 19.16 | 41.24 |
| Operating Cash Flow Coverage Ratio | -0.83 | 21.74 | 17.49 | 6.36 | 20.07 |
| Operating Cash Flow to Sales Ratio | -0.01 | 0.20 | 0.12 | 0.09 | 0.19 |
| Free Cash Flow Yield | -1.06% | 27.57% | 15.86% | 9.18% | 19.59% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 9.52 | 7.67 | 6.64 | 26.65 | 9.44 |
| Price-to-Sales (P/S) Ratio | 1.00 | 0.72 | 0.74 | 0.91 | 0.97 |
| Price-to-Book (P/B) Ratio | 2.07 | 1.78 | 2.11 | 1.87 | 2.15 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -94.50 | 3.63 | 6.31 | 10.89 | 5.10 |
| Price-to-Operating Cash Flow Ratio | -103.54 | 3.58 | 6.23 | 10.32 | 4.98 |
| Price-to-Earnings Growth (PEG) Ratio | -1.05 | -0.29 | 0.02 | -0.35 | 0.03 |
| Enterprise Value Multiple | 4.81 | 1.88 | 2.45 | 8.07 | 3.47 |
| Enterprise Value | 417.90M | 236.59M | 416.64M | 339.15M | 476.25M |
| EV to EBITDA | 4.81 | 1.88 | 2.45 | 8.07 | 3.47 |
| EV to Sales | 0.59 | 0.28 | 0.43 | 0.49 | 0.53 |
| EV to Free Cash Flow | -55.74 | 1.41 | 3.66 | 5.87 | 2.78 |
| EV to Operating Cash Flow | -61.07 | 1.39 | 3.62 | 5.56 | 2.72 |
| Tangible Book Value Per Share | 0.47 | 0.47 | 0.47 | 0.47 | 0.57 |
| Shareholders’ Equity Per Share | 0.46 | 0.46 | 0.46 | 0.46 | 0.55 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | 0.27 | 0.28 | 0.49 | 0.29 |
| Revenue Per Share | 0.95 | 1.14 | 1.31 | 0.94 | 1.22 |
| Net Income Per Share | 0.10 | 0.11 | 0.15 | 0.03 | 0.13 |
| Tax Burden | 0.70 | 0.66 | 0.66 | 0.42 | 0.64 |
| Interest Burden | 1.32 | 1.00 | 1.00 | 1.39 | 1.06 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.16 | 0.16 | 0.06 | 0.09 | 0.05 |
| Stock-Based Compensation to Revenue | 0.00 | 0.02 | 0.01 | 0.03 | 0.00 |
| Income Quality | -0.06 | 1.41 | 0.70 | 2.58 | 1.90 |
Currency in CNY
