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RAK Properties (رأس الخيمة العقارية )
Main Activities: Real Estate
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Company Information |
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Full name RAK Properties (رأس الخيمة العقارية) Headquarters P.O. Box 31113, National Bank of Abu Dhabi Building, 2nd Floor, Corniche Al Kawasem Street, Ras Al Khaimah, UAE.; Ras Al Khaimah; Northern Emirates |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2012) Incorporation Date: February 16, 2005 Total Employees: 76 Tel: 971 72284777 |
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Company Description |
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RAK Properties is a Public Joint Stock Company (PJSC) formed in 2005 with the support of the Government of Ras Al Khaimah (RAK). The Company is engaged in real estate investment and development activities. The Company purchases, develops, sells and manages residential, commercial, touristic and industrial properties in the United Arab Emirates. |
Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 244.06%, from AED 151,300 thousands to AED 520,568 thousands. The results of the period decreased -42.13% reaching AED 108,419 thousands at the end of the period against AED 187,349 thousands last year. Return on equity (Net income/Total equity) went from 5.62% to 3.15%, the Return On Asset (Net income / Total Asset) went from 3.75% to 2.07% and the Net Profit Margin (Net Income/Net Sales) went from 123.83% to 20.83% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 52.39% compared to 49.95% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.80 to 2.40 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2012 Y (cons) |
2011 Y (cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
4,824,083 |
5,240,900 |
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Current Assets |
1,336,364 |
1,758,494 |
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Total Liabilities |
1,237,771 |
1,801,678 |
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Shareholders Equity |
3,586,312 |
3,439,222 |
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Current Liabilities |
305,808 |
731,489 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
596,391 |
520,568 |
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Net Profit (Loss) |
147,090 |
108,419 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
3.05% |
2.07% |
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Annualised Return on Assets (ROA) |
3.05% |
2.07% |
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Return on Equity (ROE) |
4.1% |
3.15% |
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Annualised Return on Equity (ROE) |
4.28% |
3.26% |
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Return on Sales (ROS) |
24.66% |
20.83% |
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Gross Profit Margin |
175.85% |
170.61% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
17.51x |
8.14x |
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Current asset turnover |
0.45x |
0.30x |
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Fixed-asset turnover |
0.17x |
0.15x |
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Asset Turnover |
0.12x |
0.10x |
| Valuation figures and ratios | ||
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EBITDA |
8,660 |
12,589 |
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Enterprise value |
865,418 |
1,494,417 |
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Enterprise Value / EBITDA |
99.93 |
118.71 |
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Bookvalue (BV) |
3,586,312 |
3,439,222 |
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Net Cash |
-865,418 |
-1,494,417 |
| Liquidity Ratios | ||
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Current Ratio |
436.99% |
240.4% |
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Quick ratio |
436.99% |
240.4% |
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Doom's day ratio |
121.76% |
42% |
| Leverage Ratios | ||
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Leverage ratio |
134.51% |
152.39% |
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Debt to equity |
34.51% |
52.39% |
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Debt to total assets |
25.66% |
34.38% |
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Long Term Debt to Capital |
20.63% |
23.73% |
| Trend Ratios | ||
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Revenue Trend |
114.57% |
344.06% |
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Net Income Trend |
135.67% |
57.87% |
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