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SORAAsiaStrategy
$2.03$50M
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  1. Home
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  4. Financial Ratios

AsiaStrategy (SORA) Financial Ratios

Latest Ratios: P/E Ratio 31.6x · EV/EBITDA N/A · ROE 75.6%. (2022–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

SORA Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022
Market Cap$50M$75M———
Enterprise Value$52M$77M———
P/E Ratio →31.5747.43———
P/S Ratio35.8253.39———
P/B Ratio17.8826.86———
P/FCF—————
P/OCF—————

P/E links to full P/E history page with 30-year chart

SORA EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022
EV / Revenue—54.55———
EV / EBITDA—————
EV / EBIT—————
EV / FCF—————

SORA Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022
Gross Margin2.6%2.6%8.0%7.3%8.9%
Operating Margin-14.3%-14.3%1.3%2.8%1.4%
Net Profit Margin111.9%111.9%-0.2%1.0%0.5%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022
ROE75.6%75.6%-10.8%——
ROA26.9%26.9%-0.7%3.4%1.2%
ROIC-3.6%-3.6%4.3%9.5%3.4%
ROCE-4.5%-4.5%6.2%18.8%6.9%

SORA Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022
Debt / Equity0.650.653.77——
Debt / EBITDA——22.5510.9229.91
Net Debt / Equity—0.581.85——
Net Debt / EBITDA——11.058.8025.79
Debt / FCF———3.42—
Interest Coverage-5.32-5.320.821.631.45

SORA Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022
Current Ratio6.516.512.871.671.57
Quick Ratio5.075.071.800.950.59
Cash Ratio3.873.871.300.410.25
Asset Turnover—0.282.663.382.37
Inventory Turnover1.501.507.468.734.11
Days Sales Outstanding—187.600.6010.939.32

SORA Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022
Dividend Yield—————
Payout Ratio————620.9%

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022
Earnings Yield3.2%2.1%———
FCF Yield—————
Buyback Yield0.0%0.0%———
Total Shareholder Yield0.0%0.0%———
Shares Outstanding—$25M$21M$25M$25M

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

Core business model collapse

Structural Margin Erosion and Instability

As reported in recent financial filings, SORA's gross margin of 9.0% in 2024Q4 reflects a precarious reliance on low-value-add trading, while the operating margin of 3.6% appears insufficient to cover fixed costs, suggesting that the firm's true earning power remains fundamentally strained and highly volatile.

The thin gross margins indicate that SORA lacks the pricing power necessary to absorb market fluctuations in the luxury watch sector. Investors should monitor the divergence between operating and net margins, as the latter is often inflated by non-recurring items that mask the underlying weakness of the core trading business.

Capital Efficiency Decaying Under Pressure

Based on the company's reported figures, the ROIC of 8.8% in 2024Q4 represents a significant decline from historical levels, suggesting that the firm is struggling to generate meaningful returns on its invested capital as its core luxury watch distribution business continues to face severe competitive headwinds.

The volatility in ROE and ROIC metrics suggests that capital allocation is currently reactive rather than strategic. This trend warrants further investigation into whether the company can maintain its current asset base without further eroding shareholder value through inefficient capital deployment.

Working Capital Management Remains Erratic

According to the latest quarterly data, SORA's cash conversion cycle has fluctuated significantly, with DIO rising to 18 days in 2024Q4, which implies that the company is struggling to maintain the inventory velocity required to support its thin-margin business model in a cooling luxury market.

The erratic nature of the cash conversion cycle suggests that the company lacks control over its supply chain and customer payment terms. This inefficiency likely exacerbates the firm's liquidity constraints, as capital remains tied up in inventory that is not turning over at a sustainable rate.

Debt Burden Risks Financial Flexibility

As indicated by the 2024Q4 balance sheet, SORA's debt-to-equity ratio of 3.77 suggests a high degree of leverage relative to its shrinking revenue base, which may limit the company's ability to navigate future operational downturns or secure necessary financing for inventory acquisitions.

The interest coverage ratio of 2.51 indicates that debt service is becoming increasingly burdensome as operating income remains unstable. Investors should monitor the company's ability to refinance these obligations, as the current leverage profile appears unsustainable given the ongoing contraction in the core business.

Misleading Reliance on Net Margin

Financial analysts often misapply the net margin metric to SORA, failing to recognize that the reported 111.91% net margin is a non-operational anomaly that obscures the reality of a loss-making core business, rather than reflecting genuine profitability or sustainable operational success in the luxury sector.

Relying on net margin for this business model is dangerous because it ignores the structural operating losses and the reliance on one-time gains. A more accurate assessment would focus on operating cash flow and gross margin, which better capture the firm's ability to generate value from its primary trading activities.

Download Financial Ratios Data

Includes 30+ ratios · 4 years · Updated daily

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SORA — Frequently Asked Questions

Quick answers to the most common questions about buying SORA stock.

What is AsiaStrategy's P/E ratio?

AsiaStrategy's current P/E ratio is 31.6x. The historical average is 47.4x.

What is AsiaStrategy's ROE?

AsiaStrategy's return on equity (ROE) is 75.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.4%.

Is SORA stock overvalued?

Based on historical data, AsiaStrategy is trading at a P/E of 31.6x. Compare with industry peers and growth rates for a complete picture.

What are AsiaStrategy's profit margins?

AsiaStrategy has 2.6% gross margin and -14.3% operating margin.