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a2 Milk Company (ATM) Ratios
a2 Milk Company Ratios
NZ:ATM's free cash flow for Q4 2026 was $-26.43M. For the 2026 fiscal year, NZ:ATM's free cash flow was decreased by $-64.39M and operating cash flow was $37.95M. See a summary of the company’s cash flow.
| Ratios | Jun 26 | Jun 25 | Jun 24 | Jun 23 | Jun 22 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.61 | 3.22 | 3.09 | 2.96 | 2.66 |
| Quick Ratio | 1.26 | 2.91 | 2.66 | 2.45 | 2.34 |
| Cash Ratio | 0.82 | 2.44 | 2.32 | 0.93 | 0.99 |
| Solvency Ratio | 0.26 | 0.45 | 0.41 | 0.38 | 0.27 |
| Operating Cash Flow Ratio | 0.16 | 0.45 | 0.61 | 0.29 | 0.46 |
| Short-Term Operating Cash Flow Coverage | 22.82 | 5.17 | 0.00 | 7.42 | 5.00 |
| Net Current Asset Value | $ 462.40M | $ 939.63M | $ 809.84M | $ 659.89M | $ 649.35M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.01 | 0.05 | 0.04 | 0.06 | 0.07 |
| Debt-to-Equity Ratio | 0.02 | 0.07 | 0.05 | 0.09 | 0.11 |
| Debt-to-Capital Ratio | 0.02 | 0.06 | 0.05 | 0.08 | 0.10 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.03 | 0.03 | 0.06 | 0.05 |
| Financial Leverage Ratio | 1.83 | 1.34 | 1.37 | 1.41 | 1.45 |
| Debt Service Coverage Ratio | 31.48 | 5.10 | 48.23 | 7.27 | 3.03 |
| Interest Coverage Ratio | 287.01 | 50.99 | 67.32 | 45.20 | 88.75 |
| Debt to Market Cap | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 |
| Interest Debt Per Share | 0.03 | 0.15 | 0.10 | 0.14 | 0.17 |
| Net Debt to EBITDA | -2.17 | -3.14 | -3.94 | -1.14 | -1.59 |
| Profitability Margins | |||||
| Gross Profit Margin | 47.68% | 46.08% | 45.81% | 46.46% | 45.96% |
| EBIT Margin | 14.48% | 15.36% | 12.09% | 12.65% | 12.29% |
| EBITDA Margin | 15.42% | 16.75% | 13.69% | 13.79% | 13.60% |
| Operating Profit Margin | 14.48% | 11.53% | 12.09% | 12.65% | 12.29% |
| Pretax Profit Margin | 15.04% | 15.23% | 14.23% | 14.01% | 12.56% |
| Net Profit Margin | 10.99% | 10.68% | 10.01% | 9.78% | 8.49% |
| Continuous Operations Profit Margin | 10.52% | 10.11% | 9.20% | 9.10% | 7.95% |
| Net Income Per EBT | 73.07% | 70.14% | 70.37% | 69.84% | 67.60% |
| EBT Per EBIT | 103.85% | 132.05% | 117.75% | 110.75% | 102.24% |
| Return on Assets (ROA) | 11.05% | 10.45% | 9.66% | 9.66% | 7.15% |
| Return on Equity (ROE) | 20.19% | 13.98% | 13.23% | 13.58% | 10.39% |
| Return on Capital Employed (ROCE) | 25.47% | 14.68% | 15.34% | 16.33% | 13.91% |
| Return on Invested Capital (ROIC) | 17.73% | 9.47% | 9.87% | 10.85% | 8.79% |
| Return on Tangible Assets | 12.48% | 11.08% | 10.32% | 10.35% | 7.63% |
| Earnings Yield | 3.27% | 3.25% | 3.24% | 4.01% | 3.34% |
| Efficiency Ratios | |||||
| Receivables Turnover | 11.45 | 20.59 | 21.43 | 27.58 | 21.46 |
| Payables Turnover | 10.24 | 13.48 | 10.81 | 15.57 | 9.39 |
| Inventory Turnover | 3.55 | 7.36 | 5.05 | 4.40 | 5.57 |
| Fixed Asset Turnover | 7.58 | 8.01 | 6.50 | 6.06 | 5.63 |
| Asset Turnover | 1.01 | 0.98 | 0.96 | 0.99 | 0.84 |
| Working Capital Turnover Ratio | 2.61 | 2.03 | 2.07 | 2.16 | 1.86 |
| Cash Conversion Cycle | 99.01 | 40.23 | 55.59 | 72.67 | 43.65 |
| Days of Sales Outstanding | 31.87 | 17.73 | 17.03 | 13.23 | 17.01 |
| Days of Inventory Outstanding | 102.78 | 49.58 | 72.32 | 82.88 | 65.51 |
| Days of Payables Outstanding | 35.65 | 27.07 | 33.76 | 23.44 | 38.88 |
| Operating Cycle | 134.66 | 67.31 | 89.35 | 96.11 | 82.53 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 0.18 | 0.28 | 0.35 | 0.15 | 0.27 |
| Free Cash Flow Per Share | 0.08 | 0.27 | 0.32 | 0.14 | 0.27 |
| Dividend Paid and CapEx Coverage Ratio | 0.55 | 3.08 | 15.03 | 11.05 | 41.26 |
| Capital Expenditure Coverage Ratio | 1.81 | 50.74 | 15.03 | 11.05 | 41.26 |
| Operating Cash Flow Coverage Ratio | 5.48 | 2.00 | 3.86 | 1.10 | 1.64 |
| Operating Cash Flow to Sales Ratio | 0.07 | 0.11 | 0.15 | 0.07 | 0.14 |
| Free Cash Flow Yield | 0.90% | 3.16% | 4.55% | 2.61% | 5.42% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 30.50 | 30.82 | 30.82 | 24.93 | 29.91 |
| Price-to-Sales (P/S) Ratio | 3.36 | 3.29 | 3.09 | 2.44 | 2.54 |
| Price-to-Book (P/B) Ratio | 6.18 | 4.31 | 4.08 | 3.39 | 3.11 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 111.21 | 31.63 | 21.96 | 38.34 | 18.44 |
| Price-to-Operating Cash Flow Ratio | 49.84 | 31.00 | 20.19 | 34.87 | 18.00 |
| Price-to-Earnings Growth (PEG) Ratio | 4.27 | 1.42 | 3.24 | 0.80 | 0.66 |
| Enterprise Value Multiple | 19.65 | 16.50 | 18.60 | 16.54 | 17.09 |
| Enterprise Value | 5.98B | 5.25B | 4.26B | 3.63B | 3.36B |
| EV to EBITDA | 19.65 | 16.50 | 18.60 | 16.54 | 17.09 |
| EV to Sales | 3.03 | 2.76 | 2.55 | 2.28 | 2.32 |
| EV to Free Cash Flow | 100.15 | 26.57 | 18.12 | 35.86 | 16.87 |
| EV to Operating Cash Flow | 44.88 | 26.04 | 16.66 | 32.62 | 16.46 |
| Tangible Book Value Per Share | 1.17 | 1.82 | 1.58 | 1.42 | 1.46 |
| Shareholders’ Equity Per Share | 1.48 | 2.00 | 1.74 | 1.56 | 1.59 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.30 | 0.34 | 0.35 | 0.35 | 0.37 |
| Revenue Per Share | 2.72 | 2.62 | 2.30 | 2.17 | 1.94 |
| Net Income Per Share | 0.30 | 0.28 | 0.23 | 0.21 | 0.16 |
| Tax Burden | 0.73 | 0.70 | 0.70 | 0.70 | 0.68 |
| Interest Burden | 1.04 | 0.99 | 1.18 | 1.11 | 1.02 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.33 | 0.33 | 0.14 | 0.14 | 0.14 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Income Quality | 0.64 | 0.99 | 1.53 | 0.72 | 1.66 |
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