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Latitude Tree International Group Ltd.

Main Activities: Furniture and Related Product Manufacturing

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Company Information

Full name
Latitude Tree International Group Ltd.

Headquarters
No. 29, Road DT 743, Song Than Industrial Zone II; Singapore; Singapore
Legal Address
50 Raffles Place, #32-01 Singapore Land Tower; Singapore; Singapore; 048623
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Ernst & Young (2011)
Incorporation Date: October 8, 2007

Tel: (84) 650 3731 385

Company Description

Th Group is engaged in the manufacture and sale of indoor wooden furniture using a variety of composite wood as well as solid wood materials including hardwood such as poplar, pine, oak and rubberwood. The Group is a leading manufacturer of quality lifestyle wooden home furniture, with a product range focused on Collection Sets. The Group's products are manufactured in Vietnam at two production facilities with a total built-up area of 232,342 square metres. The main product categories are bedroom
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues decreased with -2.60%, from SGD 156,773 thousands to SGD 152,702 thousands. Operating result decreased from SGD 14,721 thousands to SGD 9,751 thousands which means -33.76% change. The results of the period decreased -35.15% reaching SGD 8,341 thousands at the end of the period against SGD 12,861 thousands last year. Return on equity (Net income/Total equity) went from 22.74% to 14.84%, the Return On Asset (Net income / Total Asset) went from 11.44% to 7.37% and the Net Profit Margin (Net Income/Net Sales) went from 8.20% to 5.46% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 102.35% compared to 99.91% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.10 to 1.01 when compared to the previous year.

Key Executives

Siew Liong Yek Non Executive Chairman
Chen Jui-Fen Lin Chief Executive Officer
Chen Jui-Fen Lin Executive Director
Joe Son Yeoh Executive Director
Phui Seck Phuan Independent Director
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Balance Sheet

Total Assets

111,129

113,244

Current Assets

57,581

55,782

Total Liabilities

51,270

57,518

Shareholders Equity

60,299

56,197

Current Liabilities

49,021

55,134

* All the accounts are in SGD.
Income Statement

Total Operating Revenue

84,359

152,702

Operational Profit (Loss)

8,418

9,751

Net Profit (Loss)

6,885

8,341

* All the accounts are in SGD.
Ratios
Profitability Ratios

Return on Assets (ROA)

6.2%

7.37%

Annualised Return on Assets (ROA)

12.4%

7.37%

Return on Equity (ROE)

11.5%

14.97%

Annualised Return on Equity (ROE)

23%

14.97%

Return on Sales (ROS)

8.19%

5.47%

Return on Capital

11.2%

14.53%

Gross Profit Margin

18.01%

15.46%

Operating Profit Margin

12.76%

9.92%

Efficiency Ratios

Accounts Receivable Turnover

9.53x

24.30x

Inventory Turnover

2.80x

4.99x

Current asset turnover

1.46x

2.73x

Fixed-asset turnover

1.57x

2.65x

Asset Turnover

0.76x

1.35x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

8,418

9,922

EBITDA

10,993

15,293

Enterprise value

53,942

62,279

Enterprise Value / EBITDA

4.91

4.07

Bookvalue (BV)

78,548

78,634

Net Cash

-24,891

-34,405

Liquidity Ratios

Current Ratio

117.46%

101.18%

Quick ratio

67.24%

54.34%

Doom's day ratio

49.22%

37.6%

Leverage Ratios

Leverage ratio

185.65%

203.22%

Interest Coverage Ratio

1,172.42%

665.01%

Debt to equity

85.65%

103.22%

Debt to total assets

46.14%

50.79%

Long Term Debt to Capital

7.32%

7.73%

Debt / Enterprise Value

60.4%

55.57%

Market ratios

Market Capitalization/EBITDA

4.10

3.13

Price/Book Ratio

0.61

0.61

Market Cap / Net cash

-1.81

-1.39

Trend Ratios

Revenue Trend

112.17%

97.44%

Net Income Trend

137.67%

64.85%

Operating Income Trend

158.03%

66.91%