Endava plc (DAVA) Key Metrics
DAVA key metrics, FY2016–FY2025
Fiscal year ended June 30, 2025 · British poundsDAVA returns How much profit the business earns on the capital it uses.
DAVA financial health Debt, liquidity and how easily interest is covered.
DAVA efficiency & capital use Working capital cycle and where the cash goes.
DAVA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DAVA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DAVA cash returned to shareholders
DAVA key metrics in British pounds
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.5% | 2.8% | 18.8% | 22.7% | 16.2% | 9.9% | 20.4% | 32.1% | 42.9% | 59.9% |
| Return on invested capital (ROIC) | 3.6% | 2.0% | 23.2% | 25.0% | 21.1% | 12.0% | 31.0% | 30.4% | 41.2% | 65.8% |
| Return on assets (ROA) | 2.2% | 1.9% | 13.5% | 15.2% | 10.4% | 6.9% | 12.8% | 14.7% | 18.8% | 25.7% |
| Return on tangible assets | 5.9% | 4.6% | 20.3% | 19.8% | 15.6% | 7.5% | 15.3% | 24.0% | 22.7% | 33.2% |
| Free cash flow margin | 6.2% | 6.6% | 13.9% | 16.3% | 18.4% | 8.7% | 9.7% | 13.1% | 5.3% | 7.1% |
| Income quality (OCF / net income) | 2.49 | 3.18 | 1.32 | 1.45 | 2.02 | 2.01 | 1.47 | 1.79 | 0.88 | 0.65 |
| Financial health | ||||||||||
| Total debt | £228.1M | £202.8M | £69.0M | £55.9M | £63.7M | £53.4M | £21,000 | £19.8M | £29.5M | £15.4M |
| Cash & short-term investments | £59.5M | £62.5M | £164.8M | £163.2M | £70.4M | £101.9M | £70.2M | £15.0M | £23.6M | £12.9M |
| Net debt | £168.6M | £140.2M | −£95.7M | −£107.3M | −£6.8M | −£48.5M | −£70.2M | £4.7M | £5.9M | £2.5M |
| Debt / equity | 0.39 | 0.32 | 0.12 | 0.13 | 0.21 | 0.23 | 0.00 | 0.28 | 0.60 | 0.52 |
| Debt / assets | 0.24 | 0.20 | 0.09 | 0.09 | 0.13 | 0.15 | 0.00 | 0.13 | 0.28 | 0.21 |
| Net debt / EBITDA | 2.06 | 1.91 | −0.62 | −0.86 | −0.07 | −1.12 | −1.83 | 0.15 | 0.21 | 0.10 |
| Current ratio | 2.32 | 1.74 | 2.87 | 2.56 | 1.84 | 2.45 | 2.53 | 0.96 | 1.20 | 1.08 |
| Quick ratio | 2.32 | 1.74 | 2.87 | 2.56 | 1.84 | 2.54 | 2.53 | 0.96 | 1.20 | 1.07 |
| Interest coverage | 2.9 | 3.2 | 30.7 | 31.2 | 25.9 | 10.6 | 96.0 | 31.1 | 56.5 | 117.3 |
| Working capital | £160.1M | £113.8M | £226.1M | £199.8M | £86.9M | £111.1M | £82.7M | −£3.0M | £11.0M | £3.2M |
| Invested capital | £751.5M | £779.7M | £475.6M | £325.4M | £293.9M | £187.8M | £96.2M | £74.2M | £54.6M | £32.3M |
| Tangible asset value | £8.8M | −£4.1M | £264.3M | £230.6M | £106.7M | £140.7M | £100.7M | −£2.4M | £16.5M | £7.2M |
| Net current asset value | −£71.0M | −£106.8M | £147.9M | £139.0M | £17.1M | £62.8M | £80.5M | −£13.4M | £8.1M | £1.4M |
| Capital allocation | ||||||||||
| Dividends paid | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £18.2M |
| Share buybacks (net) | £64.8M | £0 | £0 | — | — | — | £0 | £0 | £1.2M | £0 |
| Dividend payout ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 108.8% |
| Dividends + buybacks / free cash flow | 134.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 14.8% | 223.0% |
| Capex / revenue | 0.6% | 0.7% | 1.7% | 2.1% | 1.2% | 2.8% | 2.6% | 2.5% | 4.0% | 2.4% |
| Capex / operating cash flow | 8.9% | 10.1% | 11.0% | 11.6% | 6.2% | 24.6% | 20.9% | 16.1% | 43.2% | 25.2% |
| Capex / depreciation | 0.10 | 0.14 | 0.42 | 0.48 | 0.22 | 0.54 | 0.93 | 0.87 | 1.47 | 0.95 |
| Stock-based compensation / revenue | 4.1% | 4.7% | 3.9% | 5.3% | 5.5% | 4.5% | 4.2% | 0.7% | 0.5% | 0.7% |
| SG&A / revenue | 21.0% | 21.5% | 17.0% | 18.6% | 20.2% | 22.6% | 22.9% | 21.5% | 17.3% | 17.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 95.7 | 90.1 | 75.4 | 75.0 | 71.2 | 63.5 | 55.1 | 47.2 | 60.2 | 63.7 |
| Days of inventory on hand | — | — | 0.0 | 0.0 | -4.2 | -4.9 | 0.0 | 0.1 | 0.3 | 0.3 |
| Days payables outstanding | 10.7 | 5.4 | 4.7 | 6.4 | 41.0 | 45.8 | 8.4 | 10.3 | 8.8 | 8.6 |
| Cash conversion cycle (days) | 85.0 | 84.7 | 70.7 | 68.7 | 26.0 | 12.8 | 46.7 | 36.9 | 51.8 | 55.4 |
| Receivables turnover | 3.82 | 4.05 | 4.84 | 4.86 | 5.13 | 5.75 | 6.62 | 7.74 | 6.06 | 5.73 |
| Payables turnover | 34.14 | 67.08 | 77.50 | 57.43 | 8.91 | 7.98 | 43.35 | 35.36 | 41.46 | 42.26 |
| Inventory turnover | — | — | 530,656,000.00 | 436,826,000.00 | — | — | 23,636.40 | 3,729.31 | 1,109.80 | 1,049.59 |
| Asset turnover | 0.79 | 0.83 | 1.14 | 1.20 | 1.07 | 1.20 | 1.54 | 1.69 | 1.78 | 1.78 |
| Average receivables | £202.4M | £183.0M | £164.2M | £134.6M | £87.1M | £61.0M | £43.5M | £28.1M | £26.3M | £20.1M |
| Average payables | £16.8M | £8.2M | £6.8M | £7.6M | £32.8M | £31.4M | £4.4M | £4.1M | £2.6M | £1.8M |
| Average inventory | — | — | £1 | £1 | −£3.4M | −£3.4M | £8,000 | £39,000 | £98,000 | £71,500 |
| Intangibles / total assets | 61.4% | 63.5% | 39.9% | 32.5% | 41.0% | 26.5% | 29.5% | 47.6% | 30.3% | 30.9% |
Computed from DAVA's annual financial statements (latest annual report filed September 4, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in British pounds; data from EODHD. Averages use the opening and closing balance of each year.
DAVA valuation and financial ratios
Endava earned a return on equity of 3.5% and a return on invested capital of 3.6% in fiscal 2025. It ended the year with £228.1 million of debt and £59.5 million in cash and short-term investments, net debt of £168.6 million. It returned £64.8 million to shareholders: £0 in dividends and £64.8 million in share buybacks, 135% of free cash flow.
See the DAVA income statement, the DAVA chart for price history, or the DAVA stock overview for the latest quote and news.
DAVA key metrics FAQ
What is Endava's return on equity?
Endava's return on equity (ROE) was 3.5% in fiscal 2025: net income of £21.2 million on average shareholders' equity of £611.2 million.
What is Endava's ROIC?
Endava's return on invested capital was 3.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Endava have?
Endava had total debt of £228.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.39 and £168.6 million of net debt (2.06 times EBITDA).
Does Endava pay a dividend?
Endava did not pay a dividend in fiscal 2025.
Does Endava buy back its shares?
Yes. Endava spent £64.8 million on net share repurchases in fiscal 2025.
What is Endava's current ratio?
Endava's current ratio was 2.32 at the end of fiscal 2025: current assets were 2.32 times current liabilities.