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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Aces Electronic Co., Ltd. (宏致电子)
Main Activities: Computer and Electronic Product Manufacturing
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Company Information |
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Full name Aces Electronic Co., Ltd. (宏致电子) Headquarters 13, Tong Yuan Rd., Chung Li City, Taoyuan, Taiwan; Taoyuan County; Taoyuan County |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: KPMG Peat Marwick (2013) Incorporation Date: November 7, 1996 Total Employees: 340 Tel: 886-3-4632808 |
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Company Description |
| As a manufacturer of electronic connectors, Aces Electronic Co., Ltd. was established in November 1996, actively developing board-to-board connector and high-frequency connector technology (mainly used in NB and mobile phones). In 2004, it merged with Hongcheng Electronics, and went public in 2007. In the same year it was registered on Emerging stock market. |
Company Analysis |
| According to the Individual - Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 5.94%, from TWD 2,094.59 millions to TWD 2,218.99 millions. Operating result decreased from TWD 723.69 millions to TWD 328.77 millions which means -54.57% change. The results of the period decreased -62.33% reaching TWD 220.08 millions at the end of the period against TWD 584.17 millions last year. Return on equity (Net income/Total equity) went from 15.74% to 6.25%, the Return On Asset (Net income / Total Asset) went from 9.50% to 3.93% and the Net Profit Margin (Net Income/Net Sales) went from 27.89% to 9.92% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 59.07% compared to 65.66% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.09 to 0.90 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 (non-cons) |
2012 Q2C (non-cons) |
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| Audited | Audited | |
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| TW Listed Company Financials | TW Listed Company Financials | |
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| Unit | Millions | Millions |
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Balance Sheet
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Total Assets |
5,601 |
6,098 |
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Current Assets |
1,535 |
2,201 |
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Total Liabilities |
2,080 |
2,656 |
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Shareholders Equity |
3,521 |
3,441 |
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Current Liabilities |
1,704 |
2,279 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
2,218 |
1,431 |
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Operational Profit (Loss) |
328 |
223 |
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Net Profit (Loss) |
220 |
138 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
3.93% |
2.28% |
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Annualised Return on Assets (ROA) |
5.24% |
4.56% |
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Return on Equity (ROE) |
6.25% |
4.04% |
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Annualised Return on Equity (ROE) |
8.33% |
8.08% |
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Return on Sales (ROS) |
9.92% |
9.7% |
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Return on Capital |
6.25% |
4.04% |
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Gross Profit Margin |
26.63% |
27.82% |
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Operating Profit Margin |
12.52% |
13.45% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.02x |
2.10x |
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Inventory Turnover |
17.24x |
9.12x |
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Current asset turnover |
1.45x |
0.65x |
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Fixed-asset turnover |
3.21x |
2.07x |
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Asset Turnover |
0.40x |
0.23x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
328 |
223 |
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EBITDA |
378 |
255 |
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Enterprise value |
7,322 |
6,985 |
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Enterprise Value / EBITDA |
19.32 |
27.39 |
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Bookvalue (BV) |
3,507 |
3,428 |
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Net Cash |
-1,629 |
-1,869 |
| Liquidity Ratios | ||
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Current Ratio |
90.1% |
96.57% |
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Quick ratio |
84.55% |
91.6% |
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Doom's day ratio |
26.45% |
34.53% |
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Cash Flow to Debt |
34.61% |
12.98% |
| Leverage Ratios | ||
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Leverage ratio |
159.07% |
177.2% |
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Interest Coverage Ratio |
1,888.4% |
2,507.42% |
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Debt to equity |
59.07% |
77.2% |
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Debt to total assets |
37.13% |
43.57% |
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Debt / Enterprise Value |
28.41% |
38.03% |
| Market ratios | ||
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Market Cap / Net cash |
-3.49 |
-2.74 |
| Trend Ratios | ||
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Revenue Trend |
105.94% |
103.32% |
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Net Income Trend |
37.67% |
40.63% |
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Operating Income Trend |
102.41% |
105.18% |
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