Merry Electronics Co., Ltd.(TW:2439)
NT$68.70+-1.60 (+3.62%)
TW:2439
Merry Electronics Co., Ltd. financials statements
NT$68.70
At close:+-1.60 (+3.62%)
Merry Electronics Co., Ltd. (2439) Ratios
Merry Electronics Co., Ltd. Ratios
TW:2439's free cash flow for Q3 2026 was NT$2.45B. For the 2026 fiscal year, TW:2439's free cash flow was decreased by NT$-183.40M and operating cash flow was NT$2.63B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.55 | 1.91 | 1.31 | 1.55 | 1.40 |
| Quick Ratio | 1.22 | 1.56 | 1.07 | 1.20 | 1.07 |
| Cash Ratio | 0.48 | 0.61 | 0.35 | 0.49 | 0.31 |
| Solvency Ratio | 0.08 | 0.15 | 0.11 | 0.11 | 0.09 |
| Operating Cash Flow Ratio | 0.05 | 0.14 | 0.14 | 0.33 | 0.17 |
| Short-Term Operating Cash Flow Coverage | 0.23 | 3.13 | 0.49 | 1.80 | 0.68 |
| Net Current Asset Value | NT$ 5.84B | NT$ 6.98B | NT$ 1.59B | NT$ 1.55B | NT$ 469.40M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.16 | 0.10 | 0.17 | 0.20 | 0.24 |
| Debt-to-Equity Ratio | 0.42 | 0.21 | 0.45 | 0.54 | 0.71 |
| Debt-to-Capital Ratio | 0.30 | 0.17 | 0.31 | 0.35 | 0.42 |
| Long-Term Debt-to-Capital Ratio | 0.14 | 0.15 | 0.07 | 0.24 | 0.27 |
| Financial Leverage Ratio | 2.55 | 2.17 | 2.58 | 2.72 | 2.92 |
| Debt Service Coverage Ratio | 0.42 | 3.67 | 0.50 | 0.92 | 0.53 |
| Interest Coverage Ratio | 10.99 | 19.08 | 11.32 | 20.28 | 19.84 |
| Debt to Market Cap | 0.22 | 0.15 | 0.23 | 0.38 | 0.42 |
| Interest Debt Per Share | 22.17 | 16.61 | 26.87 | 31.35 | 40.09 |
| Net Debt to EBITDA | -1.09 | -1.40 | 0.05 | -0.11 | 1.44 |
| Profitability Margins | |||||
| Gross Profit Margin | 12.09% | 13.34% | 12.92% | 12.86% | 12.09% |
| EBIT Margin | 3.14% | 6.00% | 5.41% | 6.09% | 4.61% |
| EBITDA Margin | 4.80% | 7.86% | 7.66% | 8.21% | 6.63% |
| Operating Profit Margin | 3.14% | 4.25% | 3.10% | 6.05% | 4.62% |
| Pretax Profit Margin | 4.58% | 7.18% | 5.14% | 5.79% | 4.37% |
| Net Profit Margin | 2.88% | 4.89% | 3.60% | 4.11% | 3.12% |
| Continuous Operations Profit Margin | 3.90% | 5.56% | 3.86% | 4.58% | 2.87% |
| Net Income Per EBT | 62.76% | 68.03% | 70.03% | 71.03% | 71.33% |
| EBT Per EBIT | 146.02% | 169.21% | 165.70% | 95.67% | 94.55% |
| Return on Assets (ROA) | 2.98% | 5.48% | 4.05% | 4.35% | 3.33% |
| Return on Equity (ROE) | 7.62% | 11.89% | 10.46% | 11.86% | 9.72% |
| Return on Capital Employed (ROCE) | 5.96% | 7.44% | 6.79% | 11.09% | 9.30% |
| Return on Invested Capital (ROIC) | 4.30% | 5.61% | 4.00% | 7.96% | 6.22% |
| Return on Tangible Assets | 3.03% | 5.59% | 4.17% | 4.50% | 3.47% |
| Earnings Yield | 4.04% | 8.57% | 5.57% | 8.58% | 5.75% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.44 | 3.63 | 3.77 | 3.94 | 3.41 |
| Payables Turnover | 3.25 | 3.65 | 3.74 | 3.35 | 3.40 |
| Inventory Turnover | 6.09 | 7.82 | 8.36 | 6.28 | 6.18 |
| Fixed Asset Turnover | 9.23 | 9.63 | 8.59 | 7.97 | 8.72 |
| Asset Turnover | 1.04 | 1.12 | 1.13 | 1.06 | 1.07 |
| Working Capital Turnover Ratio | 3.87 | 4.96 | 5.79 | 5.02 | 8.19 |
| Cash Conversion Cycle | 53.85 | 47.20 | 42.82 | 41.63 | 58.79 |
| Days of Sales Outstanding | 106.16 | 100.64 | 96.73 | 92.56 | 106.95 |
| Days of Inventory Outstanding | 59.89 | 46.66 | 43.66 | 58.11 | 59.05 |
| Days of Payables Outstanding | 112.19 | 100.10 | 97.56 | 109.04 | 107.21 |
| Operating Cycle | 166.04 | 147.31 | 140.38 | 150.67 | 166.00 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 3.07 | 8.76 | 10.37 | 21.90 | 12.74 |
| Free Cash Flow Per Share | -1.03 | 5.20 | 7.84 | 18.98 | 6.38 |
| Dividend Paid and CapEx Coverage Ratio | 0.32 | 1.09 | 1.46 | 3.14 | 1.11 |
| Capital Expenditure Coverage Ratio | 0.75 | 2.46 | 4.09 | 7.49 | 2.00 |
| Operating Cash Flow Coverage Ratio | 0.14 | 0.54 | 0.39 | 0.71 | 0.32 |
| Operating Cash Flow to Sales Ratio | 0.02 | 0.05 | 0.06 | 0.13 | 0.07 |
| Free Cash Flow Yield | -1.05% | 4.82% | 7.09% | 23.92% | 6.79% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 18.23 | 11.66 | 17.62 | 11.65 | 17.40 |
| Price-to-Sales (P/S) Ratio | 0.71 | 0.57 | 0.65 | 0.48 | 0.54 |
| Price-to-Book (P/B) Ratio | 1.88 | 1.39 | 1.88 | 1.38 | 1.69 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -94.80 | 20.76 | 14.10 | 4.18 | 14.72 |
| Price-to-Operating Cash Flow Ratio | 31.81 | 12.33 | 10.65 | 3.62 | 7.38 |
| Price-to-Earnings Growth (PEG) Ratio | -0.43 | 0.24 | -2.22 | 0.45 | -1.15 |
| Enterprise Value Multiple | 13.74 | 5.85 | 8.48 | 5.73 | 9.62 |
| Enterprise Value | 30.65B | 20.17B | 23.82B | 16.64B | 23.07B |
| EV to EBITDA | 13.74 | 5.85 | 8.48 | 5.73 | 9.62 |
| EV to Sales | 0.66 | 0.46 | 0.65 | 0.47 | 0.64 |
| EV to Free Cash Flow | -87.85 | 16.74 | 14.17 | 4.10 | 17.31 |
| EV to Operating Cash Flow | 29.48 | 9.94 | 10.71 | 3.55 | 8.67 |
| Tangible Book Value Per Share | 54.21 | 79.53 | 58.65 | 55.90 | 51.61 |
| Shareholders’ Equity Per Share | 51.84 | 77.82 | 58.88 | 57.39 | 55.61 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.23 | 0.25 | 0.21 | 0.18 |
| Revenue Per Share | 137.32 | 189.41 | 171.18 | 165.54 | 173.24 |
| Net Income Per Share | 3.95 | 9.26 | 6.16 | 6.81 | 5.40 |
| Tax Burden | 0.63 | 0.68 | 0.70 | 0.71 | 0.71 |
| Interest Burden | 1.46 | 1.20 | 0.95 | 0.95 | 0.95 |
| Research & Development to Revenue | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| SG&A to Revenue | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.78 | 0.64 | 1.18 | 2.29 | 1.68 |
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