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Company Information |
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Full name Howteh Technology Co., Ltd. (好德科技) Headquarters 6/F, 25, Tun Hwa S. Rd., Sec.1, 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: September 23, 1978 Total Employees: 53 Tel: 886-2-25708818 |
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Company Description |
| On September 23rd 1978, Howteh Co., Ltd. was founded through the reorganization of Howtech Company. Meanwhile the company expanded its business, franchise import business. In February 1980, it signed a technical cooperation with American Lynch, and they established a joint venture of Taiwan Lin Communications Co., Ltd., to produce hub, Bo code modulation and other communication equipments. In July 1988, the company expanded the business and set up offices in Taichung and Kaohsiung. In January 1991, | ||
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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 12.44%, from TWD 632.4 millions to TWD 711.04 millions. Operating result increased from TWD 19.45 millions to TWD 23.39 millions which means 20.26% change. The results of the period increased 22.92% reaching TWD 21.24 millions at the end of the period against TWD 17.28 millions last year. Return on equity (Net income/Total equity) went from 2.39% to 2.96%, the Return On Asset (Net income / Total Asset) went from 1.60% to 2.03% and the Net Profit Margin (Net Income/Net Sales) went from 2.73% to 2.99% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 46.34% compared to 49.17% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.67 to 1.74 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |

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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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Total Assets |
1,048 |
1,044 |
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Current Assets |
518 |
508 |
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Total Liabilities |
331 |
330 |
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Shareholders Equity |
716 |
713 |
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Current Liabilities |
298 |
297 |
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| * All the accounts are in TWD. | ||
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Total Operating Revenue |
711 |
467 |
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Operational Profit (Loss) |
23 |
12 |
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Net Profit (Loss) |
21 |
10 |
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| * All the accounts are in TWD. | ||
| Profitability Ratios | ||
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Return on Assets (ROA) |
2.03% |
0.99% |
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Annualised Return on Assets (ROA) |
2.71% |
1.98% |
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Return on Equity (ROE) |
2.96% |
1.44% |
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Annualised Return on Equity (ROE) |
3.95% |
2.88% |
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Return on Sales (ROS) |
2.99% |
2.2% |
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Return on Capital |
2.96% |
1.44% |
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Gross Profit Margin |
11.55% |
11.62% |
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Operating Profit Margin |
1.2% |
1.29% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
3.86x |
2.91x |
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Inventory Turnover |
19.24x |
12.05x |
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Current asset turnover |
1.37x |
0.92x |
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Fixed-asset turnover |
6.58x |
4.32x |
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Asset Turnover |
0.68x |
0.45x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
23 |
12 |
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EBITDA |
24 |
13 |
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Enterprise value |
786 |
757 |
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Enterprise Value / EBITDA |
32.06 |
57.01 |
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Bookvalue (BV) |
715 |
713 |
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Net Cash |
-238 |
-212 |
| Liquidity Ratios | ||
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Current Ratio |
173.5% |
171.04% |
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Quick ratio |
162.56% |
159.5% |
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Doom's day ratio |
31.19% |
39.62% |
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Cash Flow to Debt |
-2.18% |
-0.52% |
| Leverage Ratios | ||
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Leverage ratio |
146.34% |
146.27% |
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Debt to equity |
46.34% |
46.27% |
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Debt to total assets |
31.66% |
31.63% |
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Debt / Enterprise Value |
42.21% |
43.59% |
| Market ratios | ||
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Market Cap / Net cash |
-2.29 |
-2.56 |
| Trend Ratios | ||
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Revenue Trend |
112.44% |
114.59% |
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Net Income Trend |
122.92% |
136.56% |
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Operating Income Trend |
-42.02% |
-52.78% |
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