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Company Information |
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Full name Swift Foods, Inc. Headquarters RFM Corporate Ctr Pioneer cor Sheridan Sts; Mandaluyong; National Capital Region; 1550 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational CIBI: AS94005066 Financial Auditors: SyCip, Gorres, Velayo & Company (2011) Incorporation Date: June 6, 1994 Total Employees: 60 Tel: (63 2) 6318101 |
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Company Description |
| Swift Foods, Inc. (SFI) is a food manufacturer under the RFM Group. SFI's businesses are classified into two divisions, the agribusiness division and the meat division. Agribusiness includes poultry and feeds including live and processed chickens, wherein 70% of these products are sold to its distributors and 30% are sold to supermarkets, restaurants, fast food chains and others. This division has a hatchery farm in Tagaytay City, two broiler farms in Rizal and Bulacan and a dressing plant in | ||
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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 -80.02%, from PHP 310,939 thousands to PHP 62,120 thousands. Operating result increased from PHP -51,748 thousands to PHP -8,426 thousands which means 83.72% change. The results of the period increased 72.79% reaching PHP -19,026 thousands at the end of the period against PHP -69,911 thousands last year. Return on equity (Net income/Total equity) went from -190.66% to -113.71%, the Return On Asset (Net income / Total Asset) went from -6.42% to -1.87% and the Net Profit Margin (Net Income/Net Sales) went from -22.48% to -30.63% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 6172.42% compared to 2870.70% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.06 to 0.04 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |

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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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Total Assets |
1,016,037 |
1,023,116 |
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Current Assets |
37,444 |
44,352 |
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Total Liabilities |
1,032,769 |
1,033,459 |
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Shareholders Equity |
-16,732 |
-10,343 |
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Current Liabilities |
957,453 |
958,304 |
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| * All the accounts are in PHP. | ||
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Total Operating Revenue |
62,120 |
43,255 |
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Operational Profit (Loss) |
-8,426 |
-2,038 |
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Net Profit (Loss) |
-19,026 |
-12,638 |
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| * All the accounts are in PHP. | ||
| Profitability Ratios | ||
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Return on Assets (ROA) |
-1.87% |
-1.24% |
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Annualised Return on Assets (ROA) |
-2.49% |
-2.48% |
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Return on Equity (ROE) |
113.71% |
122.19% |
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Annualised Return on Equity (ROE) |
151.61% |
244.38% |
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Return on Sales (ROS) |
-34.06% |
-33.29% |
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Return on Capital |
113.71% |
122.19% |
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Gross Profit Margin |
17.11% |
18.69% |
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Operating Profit Margin |
-25.58% |
-18.86% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
15.44x |
11.84x |
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Inventory Turnover |
18.26x |
9.81x |
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Current asset turnover |
1.49x |
0.86x |
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Fixed-asset turnover |
0.06x |
0.04x |
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Asset Turnover |
0.06x |
0.04x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-8,426 |
-2,038 |
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EBITDA |
-8,039 |
-1,868 |
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Enterprise value |
200,188 |
181,337 |
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Enterprise Value / EBITDA |
-24.90 |
-97.08 |
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Bookvalue (BV) |
917,642 |
924,721 |
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Net Cash |
-932,465 |
-924,498 |
| Liquidity Ratios | ||
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Current Ratio |
3.91% |
4.63% |
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Quick ratio |
3.65% |
4.3% |
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Doom's day ratio |
2.61% |
3.53% |
| Leverage Ratios | ||
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Leverage ratio |
-6,072.42% |
-9,891.87% |
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Interest Coverage Ratio |
-79.49% |
-19.23% |
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Debt to equity |
-6,172.42% |
-9,991.87% |
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Debt to total assets |
101.65% |
101.01% |
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Long Term Debt to Capital |
4.94% |
4.93% |
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Debt / Enterprise Value |
49.15% |
54.26% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-15.77 |
-62.50 |
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Price/Book Ratio |
0.10 |
0.10 |
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Market Cap / Net cash |
-0.14 |
-0.13 |
| Trend Ratios | ||
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Revenue Trend |
18.36% |
17.4% |
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Net Income Trend |
27.21% |
21.96% |
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Operating Income Trend |
16.28% |
5.76% |
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