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ASHAKA CEMENT
Main Activities: Nonmetallic Mineral Product Manufacturing - Cement and Concrete Product Manufacturing
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Company Information |
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Full name ASHAKA CEMENT Headquarters Ashaka Works, Near Gombe, Gombe State; Gombe; Gombe |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGASHAKACEM8 Financial Auditors: PKF-Pannel Kerr Forster (2010) Incorporation Date: November 30, 1990 Tel: +23407270127,234 (0)802 292 4942 |
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Company Description |
| Ashaka Cement Works is located at the North Eastern corner of Funakaye LGA of present day Gombe State. It is bounded by notable villages which includes; Bage, Gongilla, Badabdi, Bungum, Feshingo, Maza, Ashaka-Gari and the nearest to the Ashaka Cement Site, Jalingo. The Company is a subsidiary of Lafarge SA and is involved in the Manufacturing and Marketing of Cement Products in Nigeria. The Company's operations are organized into three Divisions: Aggregates and Concrete, Cement and Gypsum and have | ||
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Company Analysis |
| According to the Consolidated - Non-Audited financial statement for the Year of 2011, total net operating revenues increased with 314.00%, from NGN 5,133,000 thousands to NGN 21,250,386 thousands. Operating result increased from NGN 1,309,000 thousands to NGN 4,799,386 thousands which means 266.65% change. The results of the period increased 306.37% reaching NGN 3,572,000 thousands at the end of the period against NGN 879,000 thousands last year. Return on equity (Net income/Total equity) went from 5.69% to 18.80%, the Return On Asset (Net income / Total Asset) went from 3.33% to 10.41% and the Net Profit Margin (Net Income/Net Sales) went from 17.12% to 16.81% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 80.61% compared to 71.25% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.97 to 1.04 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 |
35,531,656 |
35,421,992 |
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Current Assets |
17,428,904 |
17,110,588 |
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Total Liabilities |
35,531,656 |
15,114,176 |
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Shareholders Equity |
0 |
20,307,816 |
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Current Liabilities |
8,379,927 |
10,772,775 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
18,395,333 |
6,387,352 |
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Operational Profit (Loss) |
5,275,226 |
1,800,832 |
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Net Profit (Loss) |
3,692,658 |
1,260,661 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
10.39% |
3.56% |
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Annualised Return on Assets (ROA) |
13.85% |
7.12% |
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Return on Equity (ROE) |
0% |
6.21% |
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Annualised Return on Equity (ROE) |
0% |
12.42% |
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Return on Sales (ROS) |
22.43% |
20.46% |
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Return on Capital |
9,409.72% |
6.19% |
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Gross Profit Margin |
35.18% |
40.46% |
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Operating Profit Margin |
20.31% |
25.55% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
16.40x |
4.62x |
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Inventory Turnover |
2.22x |
0.88x |
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Current asset turnover |
0.94x |
0.36x |
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Fixed-asset turnover |
0.91x |
0.34x |
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Asset Turnover |
0.46x |
0.17x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
5,275,226 |
1,800,832 |
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EBITDA |
5,275,226 |
1,800,832 |
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Enterprise value |
22,206,272 |
9,236,754 |
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Enterprise Value / EBITDA |
4.21 |
5.13 |
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Bookvalue (BV) |
35,531,656 |
35,421,992 |
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Net Cash |
3,229,543 |
817,385 |
| Liquidity Ratios | ||
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Current Ratio |
207.98% |
158.83% |
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Quick ratio |
150.52% |
119.97% |
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Doom's day ratio |
138.54% |
107.59% |
| Leverage Ratios | ||
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Leverage ratio |
0% |
174.43% |
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Debt to equity |
0% |
74.43% |
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Debt to total assets |
100% |
42.67% |
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Long Term Debt to Capital |
100% |
100% |
| Market ratios | ||
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Market Capitalization/EBITDA |
6.41 |
11.57 |
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Price/Book Ratio |
0.95 |
0.59 |
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Market Cap / Net cash |
10.47 |
25.48 |
| Trend Ratios | ||
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Revenue Trend |
334.76% |
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Net Income Trend |
693.2% |
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Operating Income Trend |
693.2% |
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