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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).

R.T. Briscoe (Nigeria) Plc

Main Activities: Motor Vehicle and Parts Dealers - Real Estate - Machinery, Equipment, and Supplies Merchant Wholesalers

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Company Information

Full name
R.T. Briscoe (Nigeria) Plc

Headquarters
18, Fatai Atere way, Matori Industrial Scheme, Oshodi Lagos Nigeria; Lagos; Lagos; P.O.Box 2104
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGRTBRISCOE9
Financial Auditors: Akintola Williams Deloitte (2008)
Incorporation Date: March 9, 1957
Total Employees: 169

Tel: (234) 1 4520564, 452 2175, 52 3201, 524497

Company Description

R.T. Briscoe (Nigeria) PLC (“Briscoe”) was incorporated in Nigeria on 9th March, 1957, as a private Limited Liability Company and became a wholly owned subsidiary of the East Asiatic Company Ltd, A/S (“EAC”) of Copenhagen, Denmark in 1961. The Company became a public Company in 1973 and the shares were listed for quotation on the Nigerian Stock Exchange in 1974. Briscoe has since 1957 under the trade name “Briscoe Motors”, been a dealer of Toyota vehicles in Nigeria. In 2005, Briscoe
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 0.42%, from NGN 15,284,538 thousands to NGN 15,348,380 thousands. Operating result decreased from NGN 1,041,011 thousands to NGN 718,746 thousands which means -30.96% change. The results of the period decreased -47.29% reaching NGN 151,964 thousands at the end of the period against NGN 288,282 thousands last year. Return on equity (Net income/Total equity) went from 8.79% to 4.41%, the Return On Asset (Net income / Total Asset) went from 3.76% to 1.61% and the Net Profit Margin (Net Income/Net Sales) went from 1.89% to 0.99% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 173.33% compared to 133.65% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.62 to 1.44 when compared to the previous year.

Key Executives

Clement Adekunle Olowokande Chairman
Bukola Oluseyi Onajide Managing Director
Adeola Adenike Sagoe Director/Member Of The Board
Adewale Olawoyin Director/Member Of The Board
Akintola Olusola Ajayi Director/Member Of The Board
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Balance Sheet

Total Assets

14,114,930

15,173,171

Current Assets

11,768,086

13,144,488

Total Liabilities

10,989,189

11,523,416

Shareholders Equity

3,133,188

3,655,909

Current Liabilities

10,859,238

11,388,328

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

22,009,841

16,367,424

Operational Profit (Loss)

971,416

1,062,844

Net Profit (Loss)

-293,287

162,699

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

-2.08%

1.07%

Annualised Return on Assets (ROA)

-2.08%

1.43%

Return on Equity (ROE)

-9.38%

4.46%

Annualised Return on Equity (ROE)

-9.38%

5.95%

Return on Sales (ROS)

-1.33%

0.99%

Return on Capital

-9.38%

4.46%

Gross Profit Margin

12.21%

12.75%

Operating Profit Margin

4.28%

7.13%

Efficiency Ratios

Accounts Receivable Turnover

5.00x

2.67x

Inventory Turnover

4.13x

2.64x

Current asset turnover

1.87x

1.25x

Fixed-asset turnover

9.37x

8.07x

Asset Turnover

1.56x

1.08x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

971,415

1,062,844

EBITDA

971,415

1,167,124

Enterprise value

9,090,174

9,989,480

Enterprise Value / EBITDA

9.36

8.56

Bookvalue (BV)

5,181,319

5,540,750

Net Cash

-9,518,307

-9,915,886

Liquidity Ratios

Current Ratio

108.37%

115.42%

Quick ratio

65.32%

67.91%

Doom's day ratio

12.35%

12.93%

Leverage Ratios

Leverage ratio

451.57%

415.73%

Interest Coverage Ratio

76.93%

123.73%

Debt to equity

351.57%

315.73%

Debt to total assets

77.86%

75.95%

Long Term Debt to Capital

18.1%

18.68%

Debt / Enterprise Value

98.28%

96.43%

Market ratios

Market Capitalization/EBITDA

1.53

1.56

Price/Book Ratio

0.28

0.34

Market Cap / Net cash

-0.16

-0.18

Trend Ratios

Revenue Trend

112.11%

122.25%

Net Income Trend

-135.84%

134.3%

Operating Income Trend

92.17%

155.51%