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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).
PRODUCE BUYING COMPANY LIMITED
Main Activities: Agriculture, Forestry, Fishing and Hunting - Support Activities for Agriculture and Forestry
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Company Information |
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Full name PRODUCE BUYING COMPANY LIMITED Headquarters Achimota Road, Dzorwulu Junction, Accra ; Accra; Greater Accra; Private Mail Bag |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000169 Financial Auditors: Pannell Kerr Forster (2009) Incorporation Date: November 13, 1981 Total Employees: 700 Tel: (233 21 )77 9015 / 77 8063 / 76 0770 |
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Company Description |
| Produce Buying Company Ltd. is the major licensed buying company involved in the internal marketing of cocoa. Currently, the company controls about 40% of the market share in the cocoa purchasing business. Until December 1999, PBC was wholly owned subsidiary of the Ghana Cocoa Board. The reintroduction of multiple buying system in the internal marketing of cocoa in 1993/4 and the subsequent privatization and listing of the company on the Ghana Stock Exchange in May 2000 changed its outlook and organizational | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -5.22%, from GHC 1,106,461 thousands to GHC 1,048,726 thousands. Operating result decreased from GHC 65,615 thousands to GHC 55,306 thousands which means -15.71% change. The results of the period decreased -47.54% reaching GHC 12,379 thousands at the end of the period against GHC 23,597 thousands last year. Return on equity (Net income/Total equity) went from 53.88% to 24.06%, the Return On Asset (Net income / Total Asset) went from 8.85% to 5.44% and the Net Profit Margin (Net Income/Net Sales) went from 2.13% to 1.18% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 342.20% compared to 508.80% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.11 to 1.20 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 Q3C (cons) |
2012 Q2C (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 |
227,544 |
426,524 |
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Current Assets |
183,879 |
385,250 |
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Total Liabilities |
176,087 |
367,888 |
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Shareholders Equity |
51,457 |
58,636 |
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Current Liabilities |
153,049 |
351,028 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
1,048,726 |
853,166 |
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Operational Profit (Loss) |
55,306 |
49,426 |
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Net Profit (Loss) |
12,379 |
11,741 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
5.44% |
2.75% |
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Annualised Return on Assets (ROA) |
7.25% |
5.5% |
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Return on Equity (ROE) |
24.06% |
20.02% |
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Annualised Return on Equity (ROE) |
32.08% |
40.04% |
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Return on Sales (ROS) |
1.18% |
1.38% |
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Return on Capital |
21.25% |
16.26% |
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Gross Profit Margin |
10.59% |
12.97% |
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Operating Profit Margin |
5.55% |
8.27% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
14.47x |
4.08x |
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Inventory Turnover |
18.79x |
6.68x |
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Current asset turnover |
5.69x |
2.21x |
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Fixed-asset turnover |
23.95x |
20.60x |
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Asset Turnover |
4.60x |
1.99x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
55,306 |
49,426 |
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EBITDA |
60,883 |
73,418 |
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Enterprise value |
76,370 |
80,270 |
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Enterprise Value / EBITDA |
1.25 |
1.09 |
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Bookvalue (BV) |
110,138 |
312,762 |
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Net Cash |
-112,013 |
-317,536 |
| Liquidity Ratios | ||
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Current Ratio |
120.14% |
109.75% |
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Quick ratio |
87.62% |
78.2% |
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Doom's day ratio |
26.81% |
9.54% |
| Leverage Ratios | ||
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Leverage ratio |
442.2% |
727.41% |
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Interest Coverage Ratio |
135.53% |
146.36% |
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Debt to equity |
342.2% |
627.41% |
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Debt to total assets |
77.39% |
86.25% |
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Long Term Debt to Capital |
60.57% |
52.92% |
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Debt / Enterprise Value |
153.73% |
141.72% |
| Market ratios | ||
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Price/Book Ratio |
0.87 |
0.31 |
| Trend Ratios | ||
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Revenue Trend |
94.96% |
97.7% |
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Net Income Trend |
52.46% |
64.52% |
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Operating Income Trend |
84.29% |
93.04% |
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