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Ardentec Corp. (欣铨科技)

Main Activities: Professional, Scientific, and Technical Services

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Company Information

Full name
Ardentec Corp. (欣铨科技)

Headquarters
3, Ind. 3rd Rd., Feng Huang Tsun, HuKo, Hsinchu, TW; Hsinchu County; Hsinchu County
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: PricewaterhouseCoopers (2013)
Incorporation Date: October 11, 1999
Total Employees: 1,078

Tel: 886-3-5976688

Company Description

Founded in 1999, Ardentec Corp. entered as Emerging Stock into GreTai Securities Market in 2004, and began to trade in 2005.In the past, Ardentec took the memory testing market as its main operating program, but the focus began to transfer to operational logic IC and mixed-signal IC testing, because of economic reverse in 2000. The major customers are TI (Texas Instruments), Macronix, Etron, Taiwan Semiconductor Manufacturing Company. Domestic IC testing companies are Faure power, King Yuan Electronics,
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Company Analysis

According to the Individual - Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues increased with 9.23%, from TWD 3,105.15 millions to TWD 3,391.89 millions. Operating result increased from TWD 769.68 millions to TWD 809.82 millions which means 5.22% change. The results of the period increased 1.73% reaching TWD 621.06 millions at the end of the period against TWD 610.48 millions last year. Return on equity (Net income/Total equity) went from 8.04% to 7.82%, the Return On Asset (Net income / Total Asset) went from 5.54% to 5.43% and the Net Profit Margin (Net Income/Net Sales) went from 19.66% to 18.31% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 44.04% compared to 45.15% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.02 to 1.77 when compared to the previous year.

Key Executives

Lu Chi Yuan Chairman of the Board of Directors
Chang Chi Ming President
Ku Shang Wei Spokesperson

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Balance Sheet

Total Assets

11,441

11,885

Current Assets

3,303

4,182

Total Liabilities

3,498

4,234

Shareholders Equity

7,942

7,650

Current Liabilities

1,868

2,202

* All the accounts are in TWD.
Income Statement

Total Operating Revenue

3,391

2,204

Operational Profit (Loss)

809

506

Net Profit (Loss)

621

376

* All the accounts are in TWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

5.43%

3.17%

Annualised Return on Assets (ROA)

7.24%

6.34%

Return on Equity (ROE)

7.82%

4.92%

Annualised Return on Equity (ROE)

10.43%

9.84%

Return on Sales (ROS)

18.31%

17.06%

Return on Capital

6.53%

3.9%

Gross Profit Margin

32.58%

31.37%

Operating Profit Margin

24.68%

23.7%

Efficiency Ratios

Accounts Receivable Turnover

-x

4,690.81x

Current asset turnover

1.03x

0.53x

Fixed-asset turnover

0.56x

0.39x

Asset Turnover

0.30x

0.19x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

809

506

EBITDA

1,833

1,182

Enterprise value

10,300

9,923

Enterprise Value / EBITDA

5.62

8.39

Bookvalue (BV)

7,942

7,650

Net Cash

-1,183

-985

Liquidity Ratios

Current Ratio

176.81%

189.91%

Quick ratio

176.81%

189.91%

Doom's day ratio

123.91%

147.51%

Cash Flow to Debt

46.99%

26.79%

Leverage Ratios

Leverage ratio

144.04%

155.35%

Interest Coverage Ratio

1,886.37%

1,745.03%

Debt to equity

44.04%

55.35%

Debt to total assets

30.58%

35.63%

Long Term Debt to Capital

16.5%

20.74%

Debt / Enterprise Value

33.96%

42.68%

Market ratios

Market Cap / Net cash

-7.71

-9.06

Trend Ratios

Revenue Trend

109.23%

106.36%

Net Income Trend

101.73%

86.8%

Operating Income Trend

107.27%

99.52%