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Ghana Oil Company Limited
Main Activities: Petroleum and Coal Products Manufacturing - Petroleum Refineries
Secondary Activities: Petroleum and Coal Products Manufacturing - Petrochemical Manufacturing
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Company Information |
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Full name Ghana Oil Company Limited Headquarters Junction of Kojo Thompson and Adjabeng Road P O Box GP 3183, Accra Ghana ; Accra; Greater Accra |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000722 Financial Auditors: Pannell Kerr Forster (2009) Total Employees: 280 Tel: +233-021-688214/688215 / 688216/688217 |
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Company Description |
| Ghana Oil Company Limited (GOIL) is a Ghana-based company engaged in marketing and distribution of petroleum products in Ghana. The Company’s products include diesel, gasoline, premix, kerosene, bitumen, aviation fuel, liquid petroleum gas (LPG), lubricants, grease and special products such as brake fluids, mosquito coils and multi-insect killer, Goiltox.The Company also provides bunkering service for ocean vessels, and builds bulk storage tanks and lays pipelines to transport fuel and LPG across | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first two cumulated quarters of 2012, total net operating revenues increased with 24.95%, from GHC 326,299 thousands to GHC 407,725 thousands. Operating result increased from GHC 7,288 thousands to GHC 7,704 thousands which means 5.71% change. The results of the period increased 10.28% reaching GHC 5,299 thousands at the end of the period against GHC 4,805 thousands last year. Return on equity (Net income/Total equity) went from 12.47% to 11.92%, the Return On Asset (Net income / Total Asset) went from 4.12% to 3.48% and the Net Profit Margin (Net Income/Net Sales) went from 1.47% to 1.30% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 243.01% compared to 202.64% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.10 to 1.03 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) |
2012 Q3C (cons) |
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| Non-Audited | Non-Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
167,557 |
149,864 |
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Current Assets |
114,729 |
112,847 |
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Total Liabilities |
116,691 |
104,860 |
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Shareholders Equity |
50,866 |
45,004 |
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Current Liabilities |
106,803 |
97,436 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
792,550 |
574,236 |
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Operational Profit (Loss) |
14,404 |
10,893 |
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Net Profit (Loss) |
10,351 |
7,821 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.18% |
5.22% |
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Annualised Return on Assets (ROA) |
6.18% |
6.96% |
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Return on Equity (ROE) |
20.35% |
17.38% |
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Annualised Return on Equity (ROE) |
20.35% |
23.17% |
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Return on Sales (ROS) |
1.31% |
1.36% |
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Return on Capital |
17.04% |
14.92% |
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Gross Profit Margin |
5.82% |
5.8% |
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Operating Profit Margin |
1.83% |
1.82% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
8.75x |
6.93x |
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Inventory Turnover |
58.58x |
42.91x |
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Current asset turnover |
6.90x |
5.08x |
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Fixed-asset turnover |
14.98x |
15.49x |
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Asset Turnover |
4.72x |
3.83x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
14,327 |
10,892 |
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EBITDA |
15,746 |
11,401 |
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Enterprise value |
3,715 |
2,823 |
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Enterprise Value / EBITDA |
0.24 |
0.25 |
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Bookvalue (BV) |
155,293 |
132,555 |
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Net Cash |
-98,254 |
-82,950 |
| Liquidity Ratios | ||
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Current Ratio |
107.42% |
115.82% |
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Quick ratio |
95.51% |
102.9% |
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Doom's day ratio |
8% |
14.87% |
| Leverage Ratios | ||
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Leverage ratio |
329.41% |
333% |
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Interest Coverage Ratio |
1,133.47% |
1,087.03% |
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Debt to equity |
229.41% |
233% |
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Debt to total assets |
69.64% |
69.97% |
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Long Term Debt to Capital |
45.57% |
38.6% |
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Debt / Enterprise Value |
330.12% |
613.14% |
| Market ratios | ||
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Price/Book Ratio |
0.81 |
0.95 |
| Trend Ratios | ||
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Revenue Trend |
129.62% |
127.1% |
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Net Income Trend |
130.18% |
115.59% |
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Operating Income Trend |
121.4% |
126.81% |
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