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ACE & PARTNERS CORP.
Main Activities: Communications Equipment Manufacturing
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Company Information |
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Full name ACE & PARTNERS CORP. Headquarters 24B-5L,NAMDONG INDUSTRIAL COMPLEX,451-3, NONHYEON-DONG, NAMDONG-GU, INCHEON; Incheon; Incheon; 405849 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Ernst & Young (2011) Incorporation Date: January 5, 1982 Total Employees: 22 Tel: 032-458-1050 |
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Company Description |
| Total sales decreased with steady decrease of repeater sales. Net profit is maintained with improved non-operating income though operating loss was posted with decreased sales and cost increased by rising material price while profitability degraded. Solid financial structure is maintained though financial stability improved slightly. Bank loans increased to raise operational funds that run short because of slow sales. Performance will hardly improve as repeater sales keep declining while RF parts | ||
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Company Analysis |
| According to the Individual - Audited financial statement for the first half of 2011, total net operating revenues decreased with -86.82%, from KRW 14,276,087 thousands to KRW 1,882,251 thousands. Operating result increased from KRW -1,644,129 thousands to KRW -79,822 thousands which means 95.15% change. The results of the period reached KRW 1,255,276 thousands at the end of the period against KRW -4,021,596 thousands last year. Return on equity (Net income/Total equity) went from -5.31% to 1.66%, the Return On Asset (Net income / Total Asset) went from -3.83% to 1.42% and the Net Profit Margin (Net Income/Net Sales) went from -28.17% to 66.69% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 17.18% compared to 38.69% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.08 to 0.76 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 H1 (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| KR listed company financials | KR listed company financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
88,511,958 |
84,556,056 |
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Current Assets |
9,800,095 |
9,442,829 |
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Total Liabilities |
12,977,870 |
13,360,536 |
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Shareholders Equity |
75,534,088 |
71,195,520 |
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Current Liabilities |
12,874,291 |
12,375,752 |
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| * All the accounts are in KRW. | ||
Income Statement
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Total Operating Revenue |
1,882,251 |
18,894,363 |
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Operational Profit (Loss) |
-79,822 |
-1,091,335 |
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Net Profit (Loss) |
1,255,276 |
-5,946,025 |
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| * All the accounts are in KRW. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
1.42% |
-7.03% |
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Return on Equity (ROE) |
1.66% |
-8.35% |
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Return on Sales (ROS) |
66.69% |
-31.47% |
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Return on Capital |
1.66% |
-8.24% |
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Gross Profit Margin |
100% |
25.88% |
| Efficiency Ratios | ||
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Current asset turnover |
0.19x |
2.00x |
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Asset Turnover |
0.02x |
0.22x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
821,115 |
-9,763,337 |
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EBITDA |
-47,669 |
-864,031 |
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Bookvalue (BV) |
75,534,088 |
71,195,520 |
| Liquidity Ratios | ||
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Current Ratio |
76.12% |
76.3% |
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Quick ratio |
76.12% |
76.3% |
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Doom's day ratio |
50.45% |
43.08% |
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Cash Flow to Debt |
8.96% |
-19.63% |
| Leverage Ratios | ||
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Leverage ratio |
117.18% |
118.77% |
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Interest Coverage Ratio |
529.06% |
-175.33% |
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Debt to equity |
17.18% |
18.77% |
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Debt to total assets |
14.66% |
15.8% |
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Long Term Debt to Capital |
0.14% |
1.36% |
| Market ratios | ||
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Price/Book Ratio |
0.20 |
0.35 |
| Trend Ratios | ||
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Revenue Trend |
13.18% |
19.7% |
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Net Income Trend |
-31.21% |
-640.55% |
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