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Ares International Corp. (资通电脑)
Main Activities: Professional, Scientific, and Technical Services
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Company Information |
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Full name Ares International Corp. (资通电脑) Headquarters 3/F, 111, Chung Shan N. Rd., Sec.2, Taipei, Taiwan; New Taipei City; New Taipei City |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : TW0002471000 Financial Auditors: PricewaterhouseCoopers (2013) Incorporation Date: December 3, 1980 Total Employees: 328 Tel: 886-2-25221351 |
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Company Description |
| Established in 1980 and the first of its peers to be listed on the Taiwan Stock Exchange (TSE) in 2001, Ares International Corp. now has four branches in Taiwan (Taipei, Hsinchu, Taichung and Kaohsiung) and three in Mainland of China (Shanghai, Suzhou and Shenzhen). Ares is a provider of application software and system integration services. The company's products include AgilePoint - business process management (BPM) platforms, advanced foreign exchanged information system (AFEIS), anti-money | ||
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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 decreased with -2.63%, from TWD 502.21 millions to TWD 488.99 millions. Operating result increased from TWD 48.71 millions to TWD 71.48 millions which means 46.75% change. The results of the period increased 57.54% reaching TWD 65.27 millions at the end of the period against TWD 41.43 millions last year. Return on equity (Net income/Total equity) went from 5.74% to 8.61%, the Return On Asset (Net income / Total Asset) went from 4.16% to 6.24% and the Net Profit Margin (Net Income/Net Sales) went from 8.25% to 13.35% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 38.03% compared to 37.80% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 4.54 to 4.56 when compared to the previous year. |
Key Executives |
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 |
1,046 |
1,064 |
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Current Assets |
897 |
916 |
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Total Liabilities |
288 |
329 |
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Shareholders Equity |
757 |
735 |
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Current Liabilities |
196 |
239 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
488 |
313 |
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Operational Profit (Loss) |
71 |
43 |
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Net Profit (Loss) |
65 |
41 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
6.24% |
3.91% |
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Annualised Return on Assets (ROA) |
8.32% |
7.82% |
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Return on Equity (ROE) |
8.61% |
5.66% |
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Annualised Return on Equity (ROE) |
11.48% |
11.32% |
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Return on Sales (ROS) |
13.35% |
13.29% |
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Return on Capital |
8.61% |
5.66% |
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Gross Profit Margin |
36.27% |
36.19% |
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Operating Profit Margin |
13.18% |
11.35% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
7.21x |
4.25x |
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Current asset turnover |
0.54x |
0.34x |
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Fixed-asset turnover |
62.85x |
37.68x |
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Asset Turnover |
0.47x |
0.29x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
71 |
43 |
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EBITDA |
73 |
45 |
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Enterprise value |
512 |
574 |
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Enterprise Value / EBITDA |
7.01 |
12.74 |
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Bookvalue (BV) |
757 |
735 |
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Net Cash |
339 |
304 |
| Liquidity Ratios | ||
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Current Ratio |
456.37% |
382.72% |
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Quick ratio |
456.37% |
382.72% |
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Doom's day ratio |
319.09% |
264.65% |
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Cash Flow to Debt |
30.54% |
10.75% |
| Leverage Ratios | ||
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Leverage ratio |
138.03% |
144.78% |
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Debt to equity |
38.03% |
44.78% |
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Debt to total assets |
27.55% |
30.93% |
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Debt / Enterprise Value |
56.19% |
57.3% |
| Market ratios | ||
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Market Cap / Net cash |
2.51 |
2.89 |
| Trend Ratios | ||
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Revenue Trend |
97.37% |
91.53% |
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Net Income Trend |
157.54% |
155.44% |
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Operating Income Trend |
206.53% |
133.12% |
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