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Nigeria
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

B.O.C .GASES NIGERIA Plc

Main Activities: Chemical Manufacturing - Basic Chemical Manufacturing

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Company Information

Full name
B.O.C .GASES NIGERIA Plc

Headquarters
Block H, Plot 1/3 Apapa-Oshodi Expressway, Oshodi, Lagos state.; Lagos; Lagos; P.M.B. 1053
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGBOCGAS0008
Financial Auditors: Akintola Williams Deloitte (2010)
Incorporation Date: January 1, 1979
Total Employees: 132

Tel: +(234 1) 52 1326 / 52 3620 / 52 3659 / 52 5284

Company Description

BOC Gases Nigeria plc: - Is the pioneer manufacturer of industrial and medical gases as well as the agent to Afrox for the distribution of Arc and Gas welding products in Nigeria. The company was incorporated in 1959 and commenced business of gas manufacturing in 1961. BOC Gases has the main gases manufacturing operations located at Oshodi along the busy Apapa-Oshodi Expressway. It also operates gas manufacturing plants in two other key centers of industrial activities in the country. These are Kaduna
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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 2.33%, from NGN 2,349,219 thousands to NGN 2,403,897 thousands. Operating result increased from NGN 512,739 thousands to NGN 521,935 thousands which means 1.79% change. The results of the period increased 5.28% reaching NGN 359,713 thousands at the end of the period against NGN 341,680 thousands last year. Return on equity (Net income/Total equity) went from 29.98% to 26.46%, the Return On Asset (Net income / Total Asset) went from 16.13% to 15.91% and the Net Profit Margin (Net Income/Net Sales) went from 14.54% to 14.96% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 66.33% compared to 85.83% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.12 to 1.28 when compared to the previous year.

Key Executives

D A Akintola Chairman
J A Idowu Managing Director
A G Clarke Director/Member Of The Board
A Jones Director/Member Of The Board
J Nanabhay Director/Member Of The Board
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Balance Sheet

Total Assets

2,471,324

2,295,340

Current Assets

1,110,611

1,160,026

Total Liabilities

2,471,324

2,295,340

Current Liabilities

656,704

669,706

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

1,681,031

504,959

Operational Profit (Loss)

301,753

84,026

Net Profit (Loss)

210,489

55,202

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

8.52%

2.4%

Annualised Return on Assets (ROA)

11.36%

9.6%

Return on Sales (ROS)

12.52%

10.93%

Gross Profit Margin

49.92%

50.43%

Operating Profit Margin

17.95%

16.64%

Efficiency Ratios

Accounts Receivable Turnover

4.85x

1.25x

Inventory Turnover

2.79x

1.08x

Current asset turnover

1.51x

0.44x

Fixed-asset turnover

1.24x

0.44x

Asset Turnover

0.68x

0.22x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

301,753

84,026

EBITDA

301,753

84,026

Enterprise value

2,042,675

2,198,516

Enterprise Value / EBITDA

6.77

26.16

Bookvalue (BV)

2,471,324

2,295,340

Net Cash

-348,522

-312,942

Liquidity Ratios

Current Ratio

169.12%

173.21%

Quick ratio

123.11%

138.55%

Doom's day ratio

46.93%

53.27%

Leverage Ratios

Debt to total assets

100%

100%

Long Term Debt to Capital

100%

100%

Market ratios

Market Capitalization/EBITDA

7.79

30.41

Price/Book Ratio

0.95

1.11

Market Cap / Net cash

-6.75

-8.17

Trend Ratios

Revenue Trend

99.14%

82.91%

Net Income Trend

83.58%

58.35%

Operating Income Trend

81.25%

60.06%