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Manila Jockey Club, Inc.
Main Activities: Arts, Entertainment, and Recreation - Construction of Buildings
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Company Information |
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Full name Manila Jockey Club, Inc. Headquarters 2000 Felix Huertas St Sta Cruz; Manila; National Capital Region; 1014 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: 0000000803 Financial Auditors: SyCip, Gorres, Velayo & Company (2012) Incorporation Date: March 22, 1937 Total Employees: 492 Tel: (63 2) 7111251 |
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Company Description |
| Manila Jockey Club, Inc. (MJC) operates and maintains a racetrack and conducts horse races. MJC is one of only two racing clubs granted a 25-year franchise by the government to conduct its business. The franchise, through Republic Act 8407, authorized MJC to operate its business in Manila or anywhere within the provinces of Bulacan, Cavite or Rizal. The franchise also fixes the revenue of MJC to 8.5% of the gross receipts from the sales of betting tickets. MJC has been operating its horse races | ||
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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 decreased with -15.02%, from PHP 447,163 thousands to PHP 379,989 thousands. Operating result decreased from PHP 41,344 thousands to PHP 6,412 thousands which means -84.49% change. The results of the period decreased -48.01% reaching PHP 21,657 thousands at the end of the period against PHP 41,653 thousands last year. Return on equity (Net income/Total equity) went from 1.68% to 0.91%, the Return On Asset (Net income / Total Asset) went from 1.18% to 0.67% and the Net Profit Margin (Net Income/Net Sales) went from 9.31% to 5.70% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 42.13% compared to 50.23% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.55 to 1.72 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 |
3,242,816 |
3,242,470 |
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Current Assets |
786,880 |
766,637 |
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Total Liabilities |
1,004,582 |
1,016,444 |
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Shareholders Equity |
2,384,314 |
2,372,105 |
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Current Liabilities |
458,608 |
470,813 |
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| * All the accounts are in PHP. | ||
Income Statement
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Total Operating Revenue |
379,989 |
207,852 |
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Operational Profit (Loss) |
6,412 |
-7,621 |
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Net Profit (Loss) |
21,657 |
8,039 |
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| * All the accounts are in PHP. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.67% |
0.25% |
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Annualised Return on Assets (ROA) |
0.89% |
0.5% |
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Return on Equity (ROE) |
0.97% |
0.36% |
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Annualised Return on Equity (ROE) |
1.29% |
0.72% |
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Return on Sales (ROS) |
5.81% |
3.99% |
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Return on Capital |
0.95% |
0.35% |
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Gross Profit Margin |
51.42% |
53.28% |
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Operating Profit Margin |
16.39% |
14.07% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
1.96x |
1.49x |
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Inventory Turnover |
0.98x |
0.41x |
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Current asset turnover |
0.47x |
0.26x |
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Fixed-asset turnover |
0.15x |
0.08x |
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Asset Turnover |
0.11x |
0.06x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
6,412 |
-7,621 |
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EBITDA |
68,373 |
34,648 |
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Enterprise value |
2,452,347 |
2,075,901 |
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Enterprise Value / EBITDA |
35.87 |
59.91 |
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Bookvalue (BV) |
3,123,522 |
3,117,176 |
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Net Cash |
-161,618 |
-162,247 |
| Liquidity Ratios | ||
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Current Ratio |
171.58% |
162.83% |
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Quick ratio |
131.44% |
114.27% |
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Doom's day ratio |
64.76% |
65.54% |
| Leverage Ratios | ||
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Leverage ratio |
144.88% |
145.66% |
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Interest Coverage Ratio |
131.56% |
-224.81% |
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Debt to equity |
44.88% |
45.66% |
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Debt to total assets |
30.98% |
31.35% |
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Long Term Debt to Capital |
38.76% |
38.75% |
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Debt / Enterprise Value |
4.86% |
6.04% |
| Market ratios | ||
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Market Capitalization/EBITDA |
36.33 |
60.99 |
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Price/Book Ratio |
0.80 |
0.69 |
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Market Cap / Net cash |
-15.37 |
-13.02 |
| Trend Ratios | ||
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Revenue Trend |
84.51% |
69.45% |
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Net Income Trend |
51.99% |
38.73% |
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Operating Income Trend |
15.51% |
-46.92% |
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