mF International Limited (MFI) Key Metrics
MFI key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Hong Kong dollarsMFI returns How much profit the business earns on the capital it uses.
MFI financial health Debt, liquidity and how easily interest is covered.
MFI efficiency & capital use Working capital cycle and where the cash goes.
MFI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MFI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MFI cash returned to shareholders
MFI key metrics in Hong Kong dollars
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | 3.9% | −84.8% | 59.8% | 76.1% | 117.4% | 115.1% |
| Return on invested capital (ROIC) | −44.4% | −74.6% | 44.7% | 76.8% | 215.1% | 325.3% |
| Return on assets (ROA) | 3.8% | −43.9% | 19.4% | 20.1% | 28.7% | 30.1% |
| Return on tangible assets | 1.9% | −51.1% | 35.8% | 32.5% | 52.8% | 44.7% |
| Free cash flow margin | −54.2% | −116.2% | 12.5% | 38.5% | 17.0% | 67.2% |
| Income quality (OCF / net income) | −0.20 | — | 1.71 | 1.98 | 1.23 | 2.03 |
| Financial health | ||||||
| Total debt | HK$5.8M | HK$7.6M | HK$12.9M | HK$15.4M | HK$16.5M | HK$15.4M |
| Cash & short-term investments | HK$3.89B | HK$20.0M | HK$7.2M | HK$14.0M | HK$17.1M | HK$23.0M |
| Net debt | −HK$3.88B | −HK$12.4M | HK$5.7M | HK$1.3M | −HK$665,522 | −HK$7.6M |
| Debt / equity | 0.00 | 0.21 | 1.10 | 1.48 | 2.20 | 1.52 |
| Debt / assets | 0.00 | 0.13 | 0.38 | 0.45 | 0.49 | 0.40 |
| Net debt / EBITDA | — | — | 0.41 | 0.09 | −0.04 | −0.80 |
| Current ratio | 164.32 | 2.00 | 0.83 | 1.30 | 1.82 | 1.62 |
| Quick ratio | 164.32 | 2.00 | 0.83 | 1.30 | 1.82 | 1.62 |
| Interest coverage | -119.3 | -59.6 | 18.9 | 17.0 | 22.0 | — |
| Working capital | HK$4.01B | HK$17.0M | −HK$2.1M | HK$3.6M | HK$8.4M | HK$9.2M |
| Invested capital | HK$131.4M | HK$23.5M | HK$17.5M | HK$11.8M | HK$6.8M | HK$2.6M |
| Tangible asset value | HK$4.01B | HK$17.1M | −HK$3.6M | −HK$3.1M | −HK$6.3M | −HK$2.6M |
| Net current asset value | HK$4.01B | HK$11.6M | −HK$12.0M | −HK$8.6M | −HK$7.2M | −HK$4.7M |
| Capital allocation | ||||||
| Dividends paid | HK$0 | HK$0 | HK$5.3M | HK$10.0M | HK$0 | — |
| Dividend payout ratio | 0.0% | — | 80.4% | 146.7% | 0.0% | — |
| Dividends + buybacks / free cash flow | — | — | 133.0% | 74.3% | 0.0% | — |
| Capex / revenue | 7.3% | 32.3% | 22.9% | 0.1% | 22.6% | 0.0% |
| Capex / operating cash flow | — | — | 64.6% | 0.3% | 57.1% | 0.0% |
| Capex / depreciation | 0.27 | 1.38 | 1.01 | 0.01 | 0.91 | 0.00 |
| R&D / revenue | 0.1% | 0.7% | 0.0% | 0.2% | 0.1% | 1.5% |
| SG&A / revenue | 131.0% | 120.8% | 35.3% | 30.9% | 16.7% | 15.6% |
| Efficiency | ||||||
| Days sales outstanding | 9.2 | 25.9 | 21.2 | 9.5 | 5.2 | 2.5 |
| Days of inventory on hand | — | — | 0.0 | 0.0 | 0.0 | — |
| Days payables outstanding | — | — | 0.7 | 0.6 | — | — |
| Cash conversion cycle (days) | — | — | 20.5 | 8.8 | — | — |
| Receivables turnover | 39.53 | 14.10 | 17.22 | 38.50 | 69.58 | 143.80 |
| Payables turnover | — | — | 489.03 | 561.90 | — | — |
| Inventory turnover | — | — | 13,995,668.00 | 16,512,702.00 | 16,260,407.00 | — |
| Asset turnover | 0.02 | 0.57 | 0.93 | 1.03 | 0.89 | 0.91 |
| Average receivables | HK$855,720 | HK$1.9M | HK$1.9M | HK$907,300 | HK$462,973 | HK$244,716 |
| Average payables | — | — | HK$28,620 | HK$29,387 | — | — |
| Average inventory | — | — | HK$1 | HK$1 | HK$1 | — |
| Intangibles / total assets | 0.0% | 32.2% | 45.3% | 39.3% | 41.2% | 32.8% |
Computed from MFI's annual financial statements (latest annual report filed June 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Hong Kong dollars; data from EODHD. Averages use the opening and closing balance of each year.
MFI valuation and financial ratios
mF International earned a return on equity of 3.9% and a return on invested capital of −44.4% in fiscal 2025. It ended the year with HK$5.8 million of debt and HK$3.9 billion in cash and short-term investments, a net cash position of HK$3.9 billion.
See the MFI income statement, the MFI chart for price history, or the MFI stock overview for the latest quote and news.
MFI key metrics FAQ
What is mF International's return on equity?
mF International's return on equity (ROE) was 3.9% in fiscal 2025: net income of HK$78.7 million on average shareholders' equity of HK$2.0 billion.
What is mF International's ROIC?
mF International's return on invested capital was −44.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does mF International have?
mF International had total debt of HK$5.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
Does mF International pay a dividend?
mF International did not pay a dividend in fiscal 2025.
What is mF International's current ratio?
mF International's current ratio was 164.32 at the end of fiscal 2025: current assets were 164.32 times current liabilities.