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Formosa Petrochemical Corp. (台塑石化)
Main Activities: Chemical Manufacturing
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Company Information |
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Full name Formosa Petrochemical Corp. (台塑石化) Headquarters Room 377, 4/F, 201, Tun Hwa N. Rd., Taipei, Taiwan; New Taipei City; New Taipei City |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: Ernst & Young (2013) Incorporation Date: April 6, 1992 Total Employees: 4,649 Tel: 886-2-27122211 |
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Company Description |
| Formosa Petrochemical Corp.was established on April 2nd, 1992. Its main bus ines ses include refinery, petrochemical, and utilities and principal activities are crude oil refining and petroleum products manufacture;and petrochemical manufacture.In terms of expansion, in response to the ever-growing environmental issues, FPCC has consistently implemented a series of improvement measures in the areas of equipments and production technology. Our goals are increasing product values while maintaining | ||
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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 8.84%, from TWD 595,680.54 millions to TWD 648,352.6 millions. Operating result decreased from TWD 31,112.84 millions to TWD 2,850.31 millions which means -90.84% change. The results of the period decreased -96.94% reaching TWD 789.38 millions at the end of the period against TWD 25,786.61 millions last year. Return on equity (Net income/Total equity) went from 11.26% to 0.39%, the Return On Asset (Net income / Total Asset) went from 5.87% to 0.17% and the Net Profit Margin (Net Income/Net Sales) went from 4.33% to 0.12% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 122.77% compared to 91.84% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.39 to 2.43 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 |
452,875 |
434,606 |
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Current Assets |
235,680 |
213,657 |
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Total Liabilities |
249,583 |
240,052 |
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Shareholders Equity |
203,292 |
194,554 |
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Current Liabilities |
97,170 |
85,304 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
648,352 |
435,628 |
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Operational Profit (Loss) |
2,850 |
-9,131 |
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Net Profit (Loss) |
789 |
-8,814 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.17% |
-2.03% |
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Annualised Return on Assets (ROA) |
0.23% |
-4.06% |
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Return on Equity (ROE) |
0.39% |
-4.53% |
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Annualised Return on Equity (ROE) |
0.52% |
-9.06% |
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Return on Sales (ROS) |
0.12% |
-2.02% |
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Return on Capital |
0.22% |
-2.55% |
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Gross Profit Margin |
0.68% |
-1.69% |
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Operating Profit Margin |
-0.31% |
-2.67% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
52.39x |
25.61x |
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Inventory Turnover |
8.31x |
4.96x |
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Current asset turnover |
2.75x |
2.04x |
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Fixed-asset turnover |
3.66x |
2.42x |
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Asset Turnover |
1.43x |
1.00x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
2,850 |
-9,131 |
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EBITDA |
23,007 |
4,397 |
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Enterprise value |
1,070,773 |
998,547 |
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Enterprise Value / EBITDA |
46.54 |
227.05 |
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Bookvalue (BV) |
203,292 |
194,554 |
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Net Cash |
-231,536 |
-227,897 |
| Liquidity Ratios | ||
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Current Ratio |
242.54% |
250.46% |
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Quick ratio |
162.78% |
145.74% |
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Doom's day ratio |
18.57% |
14.25% |
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Cash Flow to Debt |
4.48% |
5.42% |
| Leverage Ratios | ||
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Leverage ratio |
222.77% |
223.39% |
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Interest Coverage Ratio |
119.38% |
-581.24% |
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Debt to equity |
122.77% |
123.39% |
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Debt to total assets |
55.11% |
55.23% |
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Long Term Debt to Capital |
42.12% |
43.61% |
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Debt / Enterprise Value |
23.31% |
24.04% |
| Market ratios | ||
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Price/Book Ratio |
4.69 |
4.90 |
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Market Cap / Net cash |
-3.62 |
-3.38 |
| Trend Ratios | ||
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Revenue Trend |
108.84% |
99.53% |
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Net Income Trend |
3.06% |
-32.42% |
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Operating Income Trend |
-8.09% |
-41.88% |
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