SIMPPLE LTD. (SPPL) Key Metrics
SPPL key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Singapore dollarsSPPL returns How much profit the business earns on the capital it uses.
SPPL financial health Debt, liquidity and how easily interest is covered.
SPPL efficiency & capital use Working capital cycle and where the cash goes.
SPPL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPPL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPPL key metrics in Singapore dollars
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | −140.1% | −134.1% | −385.5% | — | — | — |
| Return on invested capital (ROIC) | −92.3% | −111.9% | −61.9% | −35.5% | 2.2% | −32.1% |
| Return on assets (ROA) | −46.6% | −52.3% | −102.2% | −14.3% | 1.2% | −7.1% |
| Return on tangible assets | −52.9% | −95.2% | −103.4% | −16.1% | 1.3% | −7.1% |
| Free cash flow margin | −65.6% | −66.6% | −183.2% | −18.6% | −9.6% | −6.6% |
| Income quality (OCF / net income) | — | — | — | — | −4.44 | — |
| Financial health | ||||||
| Total debt | S$3.4M | S$619,616 | S$1.5M | S$2.8M | S$3.3M | S$4.1M |
| Cash & short-term investments | S$3.1M | S$514,825 | S$1.2M | S$535,023 | S$757,736 | S$1.4M |
| Net debt | S$271,001 | S$104,791 | S$280,042 | S$2.2M | S$2.5M | S$2.6M |
| Debt / equity | 0.99 | 0.25 | 0.41 | 8.61 | — | — |
| Debt / assets | 0.31 | 0.09 | 0.17 | 0.48 | 0.67 | 0.71 |
| Net debt / EBITDA | — | — | — | — | 4.49 | — |
| Current ratio | 0.91 | 0.88 | 1.51 | 1.09 | 1.32 | 1.16 |
| Quick ratio | 0.80 | 0.69 | 1.32 | 0.83 | 1.01 | 1.08 |
| Interest coverage | -7.3 | -129.7 | -13.7 | -7.3 | 0.4 | -3.2 |
| Working capital | −S$654,802 | −S$512,560 | S$2.3M | S$364,837 | S$1.1M | S$660,201 |
| Invested capital | S$3.7M | S$2.6M | S$3.8M | S$2.6M | S$1.7M | S$927,248 |
| Tangible asset value | S$157,717 | S$48,116 | S$2.0M | −S$749,574 | −S$889,447 | −S$1.7M |
| Net current asset value | −S$1.1M | −S$525,854 | S$1.7M | −S$1.1M | −S$1.1M | −S$2.7M |
| Capital allocation | ||||||
| Capex / revenue | 34.5% | 36.7% | 19.8% | 19.4% | 2.7% | 1.6% |
| Capex / operating cash flow | — | — | — | 2,521.1% | — | — |
| Capex / depreciation | 2.57 | 2.04 | 1.68 | 3.95 | 0.64 | 0.29 |
| SG&A / revenue | 114.3% | 173.4% | 108.0% | 72.0% | 54.0% | 68.2% |
| Efficiency | ||||||
| Days sales outstanding | 64.6 | 266.4 | 206.2 | 83.6 | 170.0 | 191.6 |
| Days of inventory on hand | 100.3 | 196.2 | 156.9 | 137.7 | 141.3 | 78.9 |
| Days payables outstanding | 81.5 | 164.8 | 67.0 | 40.6 | 45.0 | 33.8 |
| Cash conversion cycle (days) | 83.4 | 297.8 | 296.0 | 180.6 | 266.3 | 236.6 |
| Receivables turnover | 5.65 | 1.37 | 1.77 | 4.37 | 2.15 | 1.91 |
| Payables turnover | 4.48 | 2.21 | 5.44 | 8.98 | 8.12 | 10.79 |
| Inventory turnover | 3.64 | 1.86 | 2.33 | 2.65 | 2.58 | 4.63 |
| Asset turnover | 0.66 | 0.50 | 0.63 | 1.18 | 0.79 | 0.60 |
| Average receivables | S$1.0M | S$2.8M | S$2.6M | S$1.5M | S$2.0M | S$1.8M |
| Average payables | S$654,238 | S$697,430 | S$406,197 | S$316,273 | S$229,552 | S$143,074 |
| Average inventory | S$805,172 | S$830,458 | S$950,449 | S$1.1M | S$721,500 | S$333,632 |
| Intangibles / total assets | 29.6% | 36.2% | 17.7% | 18.4% | 0.0% | 0.0% |
Computed from SPPL's annual financial statements (latest annual report filed April 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.
SPPL valuation and financial ratios
SIMPPLE LTD. earned a return on equity of −140.1% and a return on invested capital of −92.3% in fiscal 2025. It ended the year with S$3.4 million of debt and S$3.1 million in cash and short-term investments, net debt of S$0.3 million.
See the SPPL income statement, the SPPL chart for price history, or the SPPL stock overview for the latest quote and news.
SPPL key metrics FAQ
What is SIMPPLE LTD.'s return on equity?
SIMPPLE LTD.'s return on equity (ROE) was −140.1% in fiscal 2025: net income of -S$4.1 million on average shareholders' equity of S$2.9 million.
What is SIMPPLE LTD.'s ROIC?
SIMPPLE LTD.'s return on invested capital was −92.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does SIMPPLE LTD. have?
SIMPPLE LTD. had total debt of S$3.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.99.
What is SIMPPLE LTD.'s current ratio?
SIMPPLE LTD.'s current ratio was 0.91 at the end of fiscal 2025: current assets were 0.91 times current liabilities.