Addentax Group Corp. key statistics and ratios

In fiscal 2026, Addentax Group Corp. had return on equity of -20.5%, an operating margin of -28.5%, debt equal to 3.1% of equity and a current ratio of 7.47. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Addentax Group Corp.: financial ratios, annual
Fiscal year	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	87.5%	4.8%	10.7%	12.8%	13.6%	−4.8%	16.3%	23.2%	21.6%	15.2%	14.1%	12.3%
Operating margin	−170.9%	−7.0%	−1.9%	−6.8%	−8.5%	−14.6%	−0.4%	−5.8%	−21.9%	−43.5%	−28.5%	−23.2%
Net margin	−170.4%	−7.0%	−5.3%	−6.9%	−9.6%	−14.5%	0.6%	16.6%	−60.3%	−121.8%	−83.2%	−21.1%
Free-cash-flow margin	—	—	13.3%	9.6%	−12.7%	−18.7%	7.0%	—	−10.6%	14.8%	−14.6%	−3.4%
Return on equity	−148.5%	—	—	—	—	—	—	11.0%	−12.4%	−21.3%	−20.5%	−7.1%
Return on assets	−66.4%	−8.7%	−8.8%	−12.1%	−15.8%	−26.7%	0.5%	4.9%	−6.6%	−10.0%	−11.4%	−5.3%
Asset turnover	0.39	1.25	1.67	1.75	1.64	1.84	0.81	0.29	0.11	0.08	0.14	0.25
Current ratio	1.53	0.79	0.74	0.49	0.59	0.64	0.55	6.54	6.37	7.54	7.47	3.71
Debt to equity	0.0%	—	—	—	—	—	—	47.1%	12.0%	16.3%	3.1%	2.8%
Interest cover (operating income ÷ interest)	—	—	—	—	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
Effective tax rate	—	—	—	—	—	—	23.1%	1.7%	—	—	—	—
Capital spending as % of revenue	—	—	0.7%	2.3%	1.3%	1.6%	1.6%	—	2.6%	4.7%	3.4%	1.3%
Free cash flow ÷ net income	—	—	—	—	—	—	>999%	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Addentax Group Corp.: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	42.3%	22.0%	−17.9%	23.0%	27.4%	30.2%	1.7%	12.1%
Operating margin	−3.7%	−17.3%	−81.4%	−42.9%	−54.8%	−7.0%	−23.9%	−19.7%
Net margin	−64.8%	−125.5%	−126.7%	−47.5%	−12.5%	−430.0%	8.1%	69.5%
Free-cash-flow margin	57.7%	27.2%	−2.4%	−64.9%	−66.8%	−15.1%	16.3%	−0.7%
Current ratio	11.54	8.64	7.54	6.12	24.34	21.67	7.47	3.71
Debt to equity	1.9%	2.6%	2.9%	2.9%	2.5%	3.3%	3.1%	2.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026

What it owns · $34m

Short-term assets $27mLonger-term assets $7m

What it owes, and who funded it · $34m

Short-term liabilities $7mLonger-term liabilities $1mShareholders' equity $25m

Short-term assets cover short-term liabilities $27m of assets due within a year against $7m of liabilities due within a year.
Short-term assets cover long-term liabilities $27m short-term assets against $1m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of −$2m against $40,413 of interest.

From Addentax Group Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

22 /100

Weak moat

How hard Addentax Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median -1.1% of total assets over 8 years.
Pricing power 2 / 20

Gross margin has been a median 12.9%, moving by 7.9 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -10.4%; its worst year was -42.2%.
Cash conversion 9 / 20

Free cash flow was positive in 4 of 7 years, at a median 6.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (26 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Addentax Group Corp.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Addentax Group Corp.