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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Empresas Hites S.A.

Main Activities: Retail Trade - General Merchandise and Department Stores

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Company Information

Full name
Empresas Hites S.A.

Headquarters
Moneda 970 Piso 4; Santiago; Metropolitana
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Fiscal ID (RUT): 969470209
Financial Auditors: Deloitte Touche Tohmatsu (2011)
Incorporation Date: October 1, 2008
Total Employees: 2,470

Tel: +56 2 726 5000

Company Description

Chilean department store company. Founded in 1940 by the brothers Alex and Issac Hites, the company has expanded strongly in the Chilean retail sector and has various stores in Santiago.

Company Analysis

According to the Consolidated - Audited financial statement for the first two cumulated quarters of 2012, total net operating revenues increased with 18.16%, from CLP 97,105,737 thousands to CLP 114,738,345 thousands. Operating result increased from CLP 6,413,908 thousands to CLP 8,312,624 thousands which means 29.60% change. The results of the period increased 25.31% reaching CLP 5,122,022 thousands at the end of the period against CLP 4,087,482 thousands last year. Return on equity (Net income/Total equity) went from 4.43% to 5.07%, the Return On Asset (Net income / Total Asset) went from 2.35% to 2.56% and the Net Profit Margin (Net Income/Net Sales) went from 4.21% to 4.46% when compared to the same period of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.93 to 2.78 when compared to the previous year.

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Balance Sheet

Total Assets

199,953,443

200,253,840

Current Assets

130,381,803

132,657,257

Total Liabilities

97,700,058

99,184,217

Shareholders Equity

102,253,385

101,069,623

Current Liabilities

47,344,560

47,692,610

* All the accounts are in CLP.
Income Statement

Operational Profit (Loss)

11,128,081

8,312,624

Net Profit (Loss)

6,390,980

5,122,022

* All the accounts are in CLP.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.2%

2.56%

Return on Equity (ROE)

6.25%

5.07%

Efficiency Ratios

Current asset turnover

1.33x

0.87x

Fixed-asset turnover

2.50x

1.70x

Liquidity Ratios

Current Ratio

275.39%

278.15%

Quick ratio

222.33%

230.45%

Doom's day ratio

20.92%

21.82%

Leverage Ratios

Leverage ratio

204.66%

201.9%

Debt to equity

95.55%

98.13%

Debt to total assets

48.86%

49.53%