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STARWIN PRODUCTS LIMITED
Main Activities: Chemical Manufacturing
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Company Information |
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Full name STARWIN PRODUCTS LIMITED Headquarters Behind Toyota House, West Industrial Area, Accra P.O.Box 5760, Accra- North, Accra ; Accra; Greater Accra; P.O.Box 5760, Accra |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : GH0000000623 Tel: +(233-21)22 1788; 22 0416 |
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Company Description |
| Starwin Products Limited traces its history to 1960 when Sterling Products International (SPI) an American pharmaceutical company incorporated a subsidiary in Ghana. The company, Sterling Products Ghana Limited (SPGL) operated as a fully owned subsidiary of the parent company until 1976 when fifty percent of its shares were acquired by a group of Ghanaian investors. The Ghanaian group eventually bought the remaining shares of the company in 1987 and subsequently changed the name to Starwin Products | ||
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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 increased with 8.02%, from GHC 3,116 thousands to GHC 3,366 thousands. Operating result increased from GHC 376 thousands to GHC 459 thousands which means 22.07% change. The results of the period increased 85.81% reaching GHC 288 thousands at the end of the period against GHC 155 thousands last year. Return on equity (Net income/Total equity) went from 7.58% to 10.95%, the Return On Asset (Net income / Total Asset) went from 3.77% to 6.69% and the Net Profit Margin (Net Income/Net Sales) went from 4.97% to 8.56% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 63.65% compared to 100.93% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.34 to 1.59 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 |
4,304 |
4,040 |
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Current Assets |
2,628 |
2,362 |
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Total Liabilities |
1,674 |
1,479 |
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Shareholders Equity |
2,630 |
2,561 |
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Current Liabilities |
1,649 |
1,454 |
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| * All the accounts are in GHC. | ||
Income Statement
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Total Operating Revenue |
3,366 |
2,194 |
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Operational Profit (Loss) |
459 |
334 |
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Net Profit (Loss) |
288 |
220 |
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| * All the accounts are in GHC. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.69% |
5.45% |
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Annualised Return on Assets (ROA) |
8.92% |
10.9% |
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Return on Equity (ROE) |
10.95% |
8.59% |
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Annualised Return on Equity (ROE) |
14.6% |
17.18% |
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Return on Sales (ROS) |
8.56% |
10.03% |
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Return on Capital |
10.95% |
8.59% |
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Gross Profit Margin |
56.09% |
58.34% |
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Operating Profit Margin |
18.16% |
19.87% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.72x |
2.45x |
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Inventory Turnover |
0.89x |
0.66x |
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Current asset turnover |
1.28x |
0.93x |
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Fixed-asset turnover |
2.01x |
1.31x |
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Asset Turnover |
0.78x |
0.54x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
459 |
334 |
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EBITDA |
613 |
436 |
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Enterprise value |
275 |
347 |
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Enterprise Value / EBITDA |
0.45 |
0.80 |
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Bookvalue (BV) |
3,969 |
3,617 |
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Net Cash |
-1,589 |
-1,378 |
| Liquidity Ratios | ||
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Current Ratio |
159.37% |
162.45% |
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Quick ratio |
58.46% |
66.92% |
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Doom's day ratio |
3.64% |
5.23% |
| Leverage Ratios | ||
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Leverage ratio |
163.65% |
157.75% |
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Interest Coverage Ratio |
612% |
814.63% |
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Debt to equity |
63.65% |
57.75% |
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Debt to total assets |
38.89% |
36.61% |
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Long Term Debt to Capital |
1.25% |
1.25% |
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Debt / Enterprise Value |
121.82% |
121.9% |
| Trend Ratios | ||
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Revenue Trend |
108.34% |
113.39% |
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Net Income Trend |
185.81% |
161.76% |
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Operating Income Trend |
122.07% |
111.71% |
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