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Sorouh (صروح العقارية)
Main Activities: Construction of Buildings - Real Estate - Rental and Leasing Services
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Company Information |
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Full name Sorouh Real Estate (صروح العقارية) Headquarters P.O. Box 93666, Abu Dhabi Mall, East Tower, 5th Floor, Tourist Club Area, Abu Dhabi, UAE.; Abu Dhabi; Northern Emirates |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Deloitte Touche Tohmatsu (2013) Incorporation Date: July 25, 2005 Total Employees: 108 Tel: 971 24440006 |
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Company Description |
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Sorouh Real Estate PJSC is a United Arab Emirates-based public joint stock company established in June 2005 and since its establishment , the company was considered as one of the largest companies in the property sector on the Abu Dhabi Securities Exchange. the Company operates in the real estate sector. It is involved in real estate development, sale, real estate investment, property management and related services. It develops and constructs commercial, residential and industrial resort |
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 214.27%, from AED 1,205,176 thousands to AED 3,787,525 thousands. The results of the period increased 2269.26% reaching AED 383,323 thousands at the end of the period against AED 16,179 thousands last year. Return on equity (Net income/Total equity) went from 0.26% to 5.84%, the Return On Asset (Net income / Total Asset) went from 0.12% to 2.71% and the Net Profit Margin (Net Income/Net Sales) went from 1.34% to 10.12% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 115.55% compared to 120.68% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.79 to 1.76 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 |
14,306,703 |
14,149,641 |
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Current Assets |
8,791,923 |
9,370,501 |
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Total Liabilities |
7,385,277 |
7,585,333 |
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Shareholders Equity |
6,921,426 |
6,564,308 |
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Current Liabilities |
6,430,300 |
5,313,682 |
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| * All the accounts are in AED. | ||
Income Statement
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Total Operating Revenue |
3,031,921 |
3,787,525 |
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Net Profit (Loss) |
507,484 |
383,323 |
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| * All the accounts are in AED. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
3.55% |
2.71% |
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Annualised Return on Assets (ROA) |
3.55% |
2.71% |
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Return on Equity (ROE) |
7.33% |
5.84% |
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Annualised Return on Equity (ROE) |
7.73% |
6.2% |
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Return on Sales (ROS) |
16.74% |
10.12% |
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Gross Profit Margin |
177.12% |
181.69% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.08x |
1.30x |
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Inventory Turnover |
36.63x |
87.08x |
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Current asset turnover |
0.34x |
0.40x |
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Fixed-asset turnover |
0.55x |
0.79x |
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Asset Turnover |
0.21x |
0.27x |
| Valuation figures and ratios | ||
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EBITDA |
200,906 |
160,362 |
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Enterprise value |
6,046,102 |
5,747,952 |
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Enterprise Value / EBITDA |
30.09 |
35.84 |
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Bookvalue (BV) |
6,797,753 |
6,438,499 |
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Net Cash |
-6,046,102 |
-5,747,952 |
| Liquidity Ratios | ||
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Current Ratio |
136.73% |
176.35% |
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Quick ratio |
135.44% |
175.53% |
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Doom's day ratio |
20.83% |
34.58% |
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Cash Flow to Debt |
9.15% |
8.79% |
| Leverage Ratios | ||
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Leverage ratio |
206.7% |
215.55% |
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Debt to equity |
106.7% |
115.55% |
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Debt to total assets |
51.62% |
53.61% |
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Long Term Debt to Capital |
12.12% |
25.71% |
| Trend Ratios | ||
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Revenue Trend |
80.05% |
314.27% |
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Net Income Trend |
132.39% |
2,369.26% |
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