ACM Research, Inc. Financial Ratios — 813 Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	14.26	25.25	15.75	9.24	5.81	10.73	12.4	7.94
Return on Assets (%)	- -	2.69	-0.57	7.69	11.78	6.72	5.42	3.43	5.67	6.19	3.98
Return on Capital (%)	- -	-2.89	- -	13.15	- -	- -	6.02	3.35	6.27	6.86	4.13
Return on Invested Capital (%)	- -	44.91	- -	10.68	- -	- -	6.96	5.08	8.26	10.23	5.63
Gross Margin (%)	45.25	48.7	47.18	46.15	47.11	44.44	44.22	47.22	49.53	50.06	44.39
EBITDA Margin (%)	16.1	13.43	2.66	9.23	17.28	14.4	15.81	16.56	18.63	20.58	13.95
Operating Margin (%)	15.58	12.75	1.92	8.67	16.55	13.72	14.9	15.18	17.18	19.31	12.14
Incremental Operating Margin (%)	- -	35.8	- -	15.13	34.43	7.54	16.69	15.75	21.79	24.58	- -
Pretax Margin (%)	17.27	10.89	-0.89	9.89	17.61	12.32	16.58	17.32	20.84	21.26	15
Profit Margin (%)	17.24	3.77	-0.87	8.81	17.57	11.99	14.54	10.1	13.87	13.25	10.44
Net Income to Common Margin (%)	17.24	3.77	-0.87	8.81	17.57	11.99	14.54	10.1	13.87	13.25	10.44
Effective Tax Rate (%)	- -	19.95	- -	10.92	- -	- -	0.31	24.94	16.66	21.06	9.84
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.4	4.34	5.06
Sustainable Growth Rate (%)	- -	- -	- -	14.26	25.25	15.75	9.24	5.81	10.36	11.86	7.54

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	10	5	5	9	18	50	39	80	99	189	298
ST Debt	10	5	5	9	15	29	14	60	41	79	114
LT Debt	- -	- -	- -	- -	3	21	25	20	58	109	184
Total Debt/EBITDA	1.93	1.3	5.25	1.37	0.95	2.22	0.95	1.23	0.95	1.17	2.37
Net Debt/EBITDA	1.05	-1.45	-12.96	-2.57	-2.4	-1.16	-12.85	-2.65	-0.87	-1.4	-3.73
Total Debt/EBIT	1.99	1.37	7.28	1.46	0.99	2.33	1.01	1.35	1.03	1.25	2.72
Net Debt/EBIT	1.09	-1.53	-17.98	-2.73	-2.5	-1.21	-13.63	-2.9	-0.94	-1.49	-4.29
EBITDA to Interest Expense	41.17	20.31	3.51	13.83	24.94	22.96	53.67	38.91	38.77	38.78	18.08
EBITDA-CapEx/Interest Expense	29.93	15.8	0.74	9.67	23.43	-33.54	40.97	-16.99	14.77	18.07	9.79
EBIT to Interest Expense	39.86	19.28	2.53	12.99	23.88	21.89	50.59	35.67	35.75	36.38	15.73
Interest Expense	- -	- -	- -	- -	1	1	1	2	3	4	7
Common Equity/Total Assets	-25.62	-5.47	58.71	50.78	44.7	41.36	64.27	54.62	51.47	48.75	50.98
Long-Term Debt/Equity (%)	- -	- -	- -	- -	2.6	10.02	3.06	2.44	6.29	9.98	9.53
Long-Term Debt/Capital (%)	- -	- -	- -	- -	2.2	8.08	2.92	2.22	5.68	8.51	8.26
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	1.16	6.11	2.36	1.6	3.9	5.89	6.41
Total Debt/Equity (%)	-216.37	192.03	12.78	18.05	18.13	24.03	4.82	9.79	10.7	17.23	15.43
Total Debt/Capital (%)	185.94	65.76	11.33	15.29	15.34	19.37	4.6	8.92	9.67	14.69	13.37
Total Debt/Total Assets (%)	30.14	10.73	7.5	9.17	8.1	14.66	3.72	6.43	6.65	10.17	10.37
Net Debt to Equity	-118.11	-215.17	-31.58	-33.78	-45.73	-12.51	-65	-21.05	-9.72	-20.5	-24.31
Net Debt/Capital (%)	652.28	186.83	-46.15	-51.02	-78.5	-13.97	-183.03	-26.55	-10.68	-25.61	-31.9
EBITDA	5	4	1	7	19	23	41	64	104	161	126
EBITDA-CapEx	4	3	- -	5	17	-33	31	-28	40	75	68
Operating Income (Loss)	5	3	1	6	18	21	39	59	96	151	109

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	1.95	1.71	2.91	3.86	3.58	3.21	2.7	2.39	2.33	2.02
Days Sales Outstanding	- -	187.33	213.9	125.6	94.54	101.99	113.82	135.4	152.53	156.39	180.47
Inventory Turnover	- -	1.35	1.43	1.48	1.36	1.3	0.94	0.67	0.6	0.68	0.77
Days Inventory Outstanding	- -	270.49	256.07	245.88	268.15	279.83	386.37	543.62	608.47	534.27	473.55
Accounts Payable Turnover	- -	4.56	3.65	5.28	4.2	5.36	4.25	3.9	3.56	3.15	3.42
Accounts Payable Turnover Days	- -	80.08	99.9	69.16	86.85	68.14	85.84	93.67	102.48	115.77	106.85
Cash Conversion Cycle	- -	377.75	370.08	302.31	275.84	313.68	414.34	585.35	658.52	574.9	547.17
Inventory to Cash Days	- -	-83.15	-42.17	-120.28	-173.61	-177.83	-272.55	-408.22	-455.94	-377.88	-293.08
Inventories	9	12	15	39	45	89	218	393	545	598	703
Raw Materials	4	8	6	13	15	32	91	167	235	224	350
Work In Process	1	1	4	10	10	24	36	79	81	81	61
Finished Goods	4	3	5	16	19	32	92	147	229	293	292
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	4	10	18	27	58	72	563	248	182	407	757
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	4	5	- -	- -	- -	67	135	137	159	191	466
+ Total Debt	10	5	5	9	18	50	39	80	99	189	298
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	5	7	45	62	115	258	851	892	1,025	1,285	2,228
Total Debt/Capital (%)	185.94	65.76	11.33	15.29	15.34	19.37	4.6	8.92	9.67	14.69	13.37
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	31	27	37	75	108	157	260	389	558	782	901
TTM EBITDA	5	4	1	7	19	23	41	64	104	161	126
TTM Operating Income	5	3	1	6	18	21	39	59	96	151	109
TTM Cash Flow to Firm	- -	-4	- -	7	- -	- -	-39	-61	-73	156	-4
TTM Free Cash Flow to Firm	- -	-4	- -	5	- -	- -	-49	-153	-137	70	-62

No data availableFinancial data will appear here once available

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	45	45	46	48	54	56	59	60	61	63	66
Diluted Weighted Avg Shares	20	24	21	54	57	64	65	65	65	66	67
Basic Weighted Avg Shares	15	24	21	47	50	55	58	59	60	62	64
Revenue per Share	2.02	1.16	1.77	1.58	2.13	2.86	4.51	6.56	9.27	12.57	14.04
EBITDA per Share	0.33	0.16	0.05	0.15	0.37	0.41	0.71	1.09	1.73	2.59	1.96
Operating Income per Share	0.32	0.15	0.03	0.14	0.35	0.39	0.67	1	1.59	2.43	1.7
Basic EPS, GAAP	0.35	0.04	-0.02	0.14	0.37	0.34	0.65	0.66	1.29	1.67	1.47
Basic EPS from Cont Ops	0.51	0.1	-0.04	0.14	0.39	0.4	0.74	0.85	1.61	2.11	1.9
Diluted EPS, GAAP	0.27	0.04	-0.02	0.12	0.33	0.3	0.58	0.6	1.19	1.56	1.4
Diluted EPS from Cont Ops	0.39	0.1	-0.04	0.12	0.34	0.34	0.66	0.77	1.49	1.98	1.81
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	0.07	0.11	0.12
Cash Flow per Share	0.18	-0.16	-0.39	0.15	0.19	-0.25	-0.7	-1.05	-1.25	2.45	-0.16
Free Cash Flow per Basic Share	0.09	-0.19	-0.43	0.1	0.16	-1.26	-0.86	-2.61	-2.32	1.07	-1.06
Cash & Equivalents per Share	0.1	0.22	0.38	0.56	1.08	1.78	10.09	5.67	4.65	7.05	17.67
Book Value per Share	-0.18	-0.05	0.87	1.09	1.8	2.52	11.52	11.31	12.57	14.37	22.32
Tangible Book Value per Share	-0.18	-0.05	0.86	1.08	1.79	2.32	11.33	11.14	12.53	14.31	22.28