Scully Royalty Ltd. (SRL) Key Metrics
SRL key metrics, 2015–2024
Fiscal year ended December 31, 2024 · Canadian dollarsSRL returns How much profit the business earns on the capital it uses.
SRL financial health Debt, liquidity and how easily interest is covered.
SRL efficiency & capital use Working capital cycle and where the cash goes.
SRL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SRL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SRL cash returned to shareholders
SRL key metrics in Canadian dollars
2015–2024| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −6.9% | 0.4% | −7.0% | 2.1% | 0.1% | −5.0% | 35.1% | −15.5% | −7.4% | −90.0% |
| Return on invested capital (ROIC) | −0.7% | 2.3% | 2.0% | 2.8% | 2.0% | −5.8% | −12.9% | −7.2% | −6.3% | −6.3% |
| Return on assets (ROA) | −4.9% | 0.3% | −4.9% | 1.5% | 0.1% | −3.7% | 26.1% | −9.0% | −3.2% | −38.6% |
| Return on tangible assets | −4.9% | 0.3% | −5.1% | 1.5% | 0.1% | −3.7% | 23.6% | −13.8% | −5.5% | −64.4% |
| Free cash flow margin | −85.4% | 48.2% | 45.9% | −10.5% | −38.0% | −9.3% | −5.0% | −1.5% | 8.6% | −6.4% |
| Income quality (OCF / net income) | — | 19.17 | — | −0.86 | −60.55 | — | −0.06 | — | — | — |
| Financial health | ||||||||||
| Total debt | C$36.5M | C$44.0M | C$43.4M | C$42.3M | C$43.7M | C$40.6M | C$5.7M | C$59.5M | C$212.2M | C$311.9M |
| Cash & short-term investments | C$42.5M | C$91.2M | C$94.0M | C$74.1M | C$82.0M | C$92.4M | C$75.2M | C$80.2M | C$125.9M | C$197.9M |
| Net debt | −C$6.0M | −C$47.2M | −C$50.7M | −C$31.8M | −C$38.4M | −C$51.9M | −C$69.5M | −C$20.7M | C$86.4M | C$114.0M |
| Debt / equity | 0.12 | 0.14 | 0.13 | 0.12 | 0.12 | 0.11 | 0.01 | 0.21 | 0.65 | 0.85 |
| Debt / assets | 0.08 | 0.10 | 0.09 | 0.08 | 0.09 | 0.08 | 0.01 | 0.15 | 0.33 | 0.32 |
| Net debt / EBITDA | — | −2.40 | — | −1.03 | −1.60 | — | −0.38 | — | 4.38 | — |
| Current ratio | 4.56 | 8.00 | 4.18 | 11.80 | 8.01 | 5.46 | 3.75 | 1.61 | 1.87 | 1.90 |
| Quick ratio | 4.56 | 7.94 | 4.16 | 11.71 | 7.92 | 5.33 | 3.33 | 1.50 | 1.71 | 1.30 |
| Interest coverage | -1.0 | 7.2 | 4.1 | 9.4 | 6.9 | -22.2 | -29.1 | -3.8 | -1.5 | -2.4 |
| Working capital | C$136.8M | C$144.0M | C$136.6M | C$133.3M | C$113.1M | C$88.6M | C$74.8M | C$56.5M | C$186.3M | C$371.3M |
| Invested capital | C$296.3M | C$275.3M | C$274.5M | C$333.8M | C$323.2M | C$301.7M | C$324.9M | C$257.1M | C$413.9M | C$481.2M |
| Tangible asset value | C$310.3M | C$329.7M | C$328.7M | C$367.8M | C$363.9M | C$357.1M | C$386.6M | C$223.3M | C$146.5M | C$191.5M |
| Net current asset value | C$47.5M | C$41.7M | C$36.6M | C$8.2M | −C$11.2M | −C$32.8M | −C$10.5M | C$32.3M | C$80.0M | C$177.7M |
| Capital allocation | ||||||||||
| Dividends paid | C$0 | C$3.4M | C$16.9M | C$16.9M | C$16.9M | C$16.9M | — | — | C$0 | C$4.4M |
| Share buybacks (net) | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | — | — | C$0 | — |
| Dividend payout ratio | — | 250.4% | — | 220.2% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | 13.2% | 56.1% | — | — | — | — | — | 0.0% | — |
| Capex / revenue | 0.2% | 0.3% | 0.7% | 1.4% | 0.4% | 0.6% | 0.1% | 0.3% | 0.0% | 0.5% |
| Capex / operating cash flow | — | 0.7% | 1.5% | — | — | — | — | — | 0.3% | — |
| Capex / depreciation | 0.01 | 0.02 | 0.04 | 0.09 | 0.02 | 0.09 | 0.03 | 0.11 | 0.02 | 1.15 |
| Stock-based compensation / revenue | — | 0.0% | −16.3% | 3.4% | −20.3% | −7.3% | 0.0% | 1.1% | — | — |
| SG&A / revenue | 66.1% | 43.1% | 42.1% | 32.0% | 34.2% | 19.4% | 17.8% | 17.4% | 6.9% | 4.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 554.5 | 377.2 | 289.2 | 253.7 | 141.6 | 32.4 | 88.0 | 163.0 | 57.0 | 41.8 |
| Days of inventory on hand | 9.6 | 14.6 | 8.7 | 11.1 | 17.7 | 23.5 | 27.3 | 33.0 | 47.3 | 55.9 |
| Days payables outstanding | 53.5 | 53.3 | 50.5 | 70.2 | 92.4 | 49.1 | 75.1 | 51.3 | 23.3 | 27.4 |
| Cash conversion cycle (days) | 510.6 | 338.5 | 247.4 | 194.6 | 66.8 | 6.9 | 40.3 | 144.7 | 81.0 | 70.3 |
| Receivables turnover | 0.66 | 0.97 | 1.26 | 1.44 | 2.58 | 11.25 | 4.15 | 2.24 | 6.40 | 8.74 |
| Payables turnover | 6.82 | 6.85 | 7.23 | 5.20 | 3.95 | 7.43 | 4.86 | 7.11 | 15.65 | 13.34 |
| Inventory turnover | 38.09 | 25.08 | 41.73 | 32.89 | 20.62 | 15.50 | 13.37 | 11.05 | 7.72 | 6.53 |
| Asset turnover | 0.08 | 0.12 | 0.13 | 0.14 | 0.11 | 0.23 | 0.32 | 0.51 | 1.42 | 1.32 |
| Average receivables | C$56.3M | C$55.8M | C$52.1M | C$50.4M | C$21.9M | C$10.1M | C$35.4M | C$119.8M | C$180.3M | C$201.8M |
| Average payables | C$3.3M | C$3.7M | C$5.6M | C$7.9M | C$9.9M | C$14.4M | C$29.2M | C$33.3M | C$69.0M | C$124.1M |
| Average inventory | C$600,000 | C$1.0M | C$970,000 | C$1.3M | C$1.9M | C$6.9M | C$10.6M | C$21.4M | C$139.7M | C$253.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.8% | 0.9% | 1.0% | 1.0% | 1.5% | 14.3% | 28.1% | 18.2% |
Computed from SRL's annual financial statements (latest annual report filed April 30, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
SRL valuation and financial ratios
Scully Royalty earned a return on equity of −6.9% and a return on invested capital of −0.7% in fiscal 2024. It ended the year with C$36.5 million of debt and C$42.5 million in cash and short-term investments, a net cash position of C$6.0 million.
See the SRL income statement, the SRL chart for price history, or the SRL stock overview for the latest quote and news.
SRL key metrics FAQ
What is Scully Royalty's return on equity?
Scully Royalty's return on equity (ROE) was −6.9% in fiscal 2024: net income of -C$21.6 million on average shareholders' equity of C$312.4 million.
What is Scully Royalty's ROIC?
Scully Royalty's return on invested capital was −0.7% in fiscal 2024, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Scully Royalty have?
Scully Royalty had total debt of C$36.5 million at the end of fiscal 2024, a debt-to-equity ratio of 0.12 and more cash than debt.
Does Scully Royalty pay a dividend?
Scully Royalty did not pay a dividend in fiscal 2024.
What is Scully Royalty's current ratio?
Scully Royalty's current ratio was 4.56 at the end of fiscal 2024: current assets were 4.56 times current liabilities.