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Higher Way Electronic Co., Ltd. (海德威电子工业)
Main Activities: Semiconductor and Related Device Manufacturing
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Company Information |
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Full name Higher Way Electronic Co., Ltd. (海德威电子工业) Headquarters 15, Jingke Rd., Taichcung, Taiwan; Taichung City; Taichung City |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Financial Auditors: PricewaterhouseCoopers (2013) Incorporation Date: April 13, 1991 Total Employees: 62 Tel: 886-4-23550011 |
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Company Description |
| On April 13th 1991, Higher Way Electronic Co., Ltd. was founded. In January 1992, the company started the business of circuit design and assembly of home appliances. In January 1993, it signed the power of attorney with Sunplus. In January 1995, the software sector and the Hong Kong office were established. In January 1997, it imported the computer information platform. In January 1999, the company introduced into the internal control and internal checks system to improve the competitiveness of the | ||
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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 -43.70%, from TWD 1,058.53 millions to TWD 595.93 millions. Operating Results decreased from TWD 13.94 millions to TWD -22.09 millions. The results of the period reached TWD -30.09 millions at the end of the period against TWD 7.29 millions last year. Return on equity (Net income/Total equity) went from 2.44% to -11.93%, the Return On Asset (Net income / Total Asset) went from 0.67% to -3.09% and the Net Profit Margin (Net Income/Net Sales) went from 0.69% to -5.05% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 286.53% compared to 264.50% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.09 to 1.05 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 |
975 |
1,002 |
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Current Assets |
420 |
445 |
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Total Liabilities |
722 |
743 |
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Shareholders Equity |
252 |
259 |
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Current Liabilities |
400 |
418 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
595 |
367 |
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Operational Profit (Loss) |
-22 |
-16 |
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Net Profit (Loss) |
-30 |
-21 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-3.09% |
-2.19% |
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Annualised Return on Assets (ROA) |
-4.12% |
-4.38% |
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Return on Equity (ROE) |
-11.93% |
-8.49% |
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Annualised Return on Equity (ROE) |
-15.91% |
-16.98% |
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Return on Sales (ROS) |
-5.05% |
-5.98% |
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Return on Capital |
-5.31% |
-3.82% |
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Gross Profit Margin |
8.96% |
8.77% |
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Operating Profit Margin |
-2.42% |
-3.92% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.01x |
1.70x |
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Inventory Turnover |
48.27x |
41.13x |
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Current asset turnover |
1.42x |
0.82x |
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Fixed-asset turnover |
1.60x |
0.98x |
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Asset Turnover |
0.61x |
0.37x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-22 |
-16 |
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EBITDA |
-8 |
-7 |
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Enterprise value |
896 |
955 |
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Enterprise Value / EBITDA |
-103.27 |
-126.16 |
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Bookvalue (BV) |
252 |
259 |
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Net Cash |
-636 |
-665 |
| Liquidity Ratios | ||
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Current Ratio |
105.06% |
106.35% |
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Quick ratio |
102.25% |
104.4% |
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Doom's day ratio |
21.6% |
18.68% |
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Cash Flow to Debt |
0.71% |
-1.02% |
| Leverage Ratios | ||
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Leverage ratio |
386.53% |
387.02% |
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Interest Coverage Ratio |
-275.44% |
-327.43% |
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Debt to equity |
286.53% |
287.02% |
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Debt to total assets |
74.13% |
74.16% |
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Long Term Debt to Capital |
55.49% |
55.02% |
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Debt / Enterprise Value |
80.63% |
77.85% |
| Market ratios | ||
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Market Cap / Net cash |
-0.41 |
-0.44 |
| Trend Ratios | ||
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Revenue Trend |
56.3% |
48.6% |
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Net Income Trend |
-412.76% |
-1,110.1% |
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Operating Income Trend |
-189.36% |
-169.85% |
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