JE Cleantech Holdings Limited (JCSE) Key Metrics
JCSE key metrics, 2018–2025
Fiscal year ended December 31, 2025 · Singapore dollarsJCSE returns How much profit the business earns on the capital it uses.
JCSE financial health Debt, liquidity and how easily interest is covered.
JCSE efficiency & capital use Working capital cycle and where the cash goes.
JCSE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JCSE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JCSE cash returned to shareholders
JCSE key metrics in Singapore dollars
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||
| Return on equity (ROE) | 17.8% | 0.2% | 3.1% | 12.3% | 0.0% | 34.2% | 3.2% | 1.4% |
| Return on invested capital (ROIC) | 3.4% | −0.1% | 3.9% | 8.1% | 0.4% | 15.8% | 6.0% | 1.2% |
| Return on assets (ROA) | 9.5% | 0.1% | 1.5% | 4.4% | 0.0% | 8.5% | 1.2% | 0.7% |
| Return on tangible assets | 9.8% | 0.1% | 1.5% | 3.4% | 0.0% | 7.9% | 1.8% | 0.7% |
| Free cash flow margin | 9.0% | 4.1% | 6.5% | −32.5% | 17.5% | 3.9% | 5.1% | 2.9% |
| Income quality (OCF / net income) | 0.82 | 64.16 | 2.65 | −4.40 | — | 0.65 | 4.52 | 3.07 |
| Financial health | ||||||||
| Total debt | S$4.4M | S$10.1M | S$9.6M | S$11.9M | S$13.0M | S$11.8M | S$12.5M | S$13.5M |
| Cash & short-term investments | S$9.9M | S$5.7M | S$5.1M | S$6.6M | S$1.1M | S$550,000 | S$843,000 | S$1.5M |
| Net debt | −S$5.5M | S$4.3M | S$4.4M | S$5.3M | S$11.8M | S$11.2M | S$11.6M | S$12.0M |
| Debt / equity | 0.22 | 0.61 | 0.57 | 0.73 | 4.29 | 1.98 | 2.99 | 0.79 |
| Debt / assets | 0.13 | 0.29 | 0.27 | 0.33 | 0.70 | 0.54 | 0.65 | 0.37 |
| Net debt / EBITDA | −1.18 | 2.44 | 2.40 | 2.18 | 14.22 | 3.27 | 5.77 | 5.03 |
| Current ratio | 2.73 | 2.55 | 1.94 | 1.91 | 0.82 | 1.19 | 1.09 | 1.25 |
| Quick ratio | 1.81 | 1.29 | 0.91 | 1.05 | 0.55 | 1.05 | 0.71 | 0.91 |
| Interest coverage | 1.5 | -0.1 | 2.0 | 5.2 | 0.3 | 11.0 | 5.1 | 1.8 |
| Working capital | S$17.4M | S$15.6M | S$12.9M | S$12.5M | −S$1.7M | S$1.9M | S$711,000 | S$2.5M |
| Invested capital | S$14.3M | S$20.8M | S$21.1M | S$21.6M | S$14.9M | S$17.2M | S$15.8M | S$29.2M |
| Tangible asset value | S$19.8M | S$16.5M | S$16.7M | S$16.3M | S$3.0M | S$5.9M | S$4.2M | S$17.1M |
| Net current asset value | S$14.2M | S$7.1M | S$7.9M | S$7.2M | −S$7.7M | −S$4.3M | −S$5.9M | −S$6.8M |
| Capital allocation | ||||||||
| Dividends paid | S$0 | S$643,000 | S$0 | S$0 | S$2.9M | S$2.9M | S$1.5M | S$101,458 |
| Share buybacks (net) | S$8,856 | S$48,000 | S$18,000 | S$0 | S$0 | — | S$0 | — |
| Dividend payout ratio | 0.0% | — | 0.0% | 0.0% | — | 167.9% | 438.6% | 41.7% |
| Dividends + buybacks / free cash flow | 0.5% | 86.4% | 1.5% | — | 112.2% | 347.7% | 161.3% | 19.5% |
| Capex / revenue | 4.0% | 6.5% | 1.2% | 4.4% | 5.3% | 1.3% | 3.4% | 1.3% |
| Capex / operating cash flow | 30.9% | 61.0% | 15.3% | — | 23.4% | 25.1% | 39.8% | 30.5% |
| Capex / depreciation | 0.95 | 1.28 | 0.30 | 1.22 | 1.28 | 0.36 | 0.63 | 0.14 |
| Stock-based compensation / revenue | 0.0% | 2.4% | 0.0% | 0.0% | — | — | — | — |
| R&D / revenue | 2.1% | — | — | — | — | — | — | — |
| SG&A / revenue | 24.2% | 26.0% | 17.7% | 15.9% | 12.9% | 9.5% | 12.3% | — |
| Efficiency | ||||||||
| Days sales outstanding | 108.7 | 87.7 | 105.4 | 86.7 | 153.9 | 120.0 | 122.7 | 151.2 |
| Days of inventory on hand | 274.5 | 346.2 | 346.7 | 195.3 | 57.9 | 52.7 | 89.9 | 89.6 |
| Days payables outstanding | 31.0 | 25.9 | 42.4 | 50.0 | 64.0 | 49.5 | 55.1 | 58.4 |
| Cash conversion cycle (days) | 352.3 | 407.9 | 409.7 | 232.1 | 147.8 | 123.3 | 157.6 | 182.4 |
| Receivables turnover | 3.36 | 4.16 | 3.46 | 4.21 | 2.37 | 3.04 | 2.97 | 2.41 |
| Payables turnover | 11.77 | 14.08 | 8.60 | 7.30 | 5.70 | 7.38 | 6.63 | 6.25 |
| Inventory turnover | 1.33 | 1.05 | 1.05 | 1.87 | 6.31 | 6.92 | 4.06 | 4.07 |
| Asset turnover | 0.60 | 0.55 | 0.51 | 0.69 | 0.73 | 1.05 | 0.65 | 0.49 |
| Average receivables | S$6.0M | S$4.6M | S$5.2M | S$4.4M | S$6.2M | S$7.0M | S$6.1M | S$7.4M |
| Average payables | S$1.2M | S$1.0M | S$1.6M | S$1.8M | S$2.2M | S$2.1M | S$2.0M | S$2.2M |
| Average inventory | S$10.9M | S$13.4M | S$13.0M | S$7.2M | S$2.0M | S$2.2M | S$3.3M | S$3.4M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from JCSE's annual financial statements (latest annual report filed May 8, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Singapore dollars; data from EODHD. Averages use the opening and closing balance of each year.
JCSE valuation and financial ratios
JE Cleantech earned a return on equity of 17.8% and a return on invested capital of 3.4% in fiscal 2025. It ended the year with S$4.4 million of debt and S$9.9 million in cash and short-term investments, a net cash position of S$5.5 million. It returned S$0.0 million to shareholders: S$0 in dividends and S$0.0 million in share buybacks, 0% of free cash flow.
See the JCSE income statement, the JCSE chart for price history, or the JCSE stock overview for the latest quote and news.
JCSE key metrics FAQ
What is JE Cleantech's return on equity?
JE Cleantech's return on equity (ROE) was 17.8% in fiscal 2025: net income of S$3.2 million on average shareholders' equity of S$18.1 million.
What is JE Cleantech's ROIC?
JE Cleantech's return on invested capital was 3.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does JE Cleantech have?
JE Cleantech had total debt of S$4.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and more cash than debt.
Does JE Cleantech pay a dividend?
JE Cleantech did not pay a dividend in fiscal 2025.
Does JE Cleantech buy back its shares?
Yes. JE Cleantech spent S$0.0 million on net share repurchases in fiscal 2025.
What is JE Cleantech's current ratio?
JE Cleantech's current ratio was 2.73 at the end of fiscal 2025: current assets were 2.73 times current liabilities.