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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Hwa Fong Rubber Ind. Co., Ltd. (华丰橡胶工业)
Main Activities: Rubber Product Manufacturing
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Company Information |
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Full name Hwa Fong Rubber Ind. Co., Ltd. (华丰橡胶工业) Headquarters 300, Chung Shan Rd., Sec. 2, Ta-Tsun Hsiang, Changhua; Changhua County; Changhua County |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : TW0002109006 Financial Auditors: KPMG Peat Marwick (2013) Incorporation Date: May 27, 1959 Total Employees: 856 Tel: 886-4-8520121 |
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Company Description |
| Hwa Fong Rubber Ind. Co., Ltd. was established in Yuan Lin, Taiwan producing bicycle tires and tubes. In 1994 it obtained ISO 9001 certification from the Bureau of Commodity Inspection & Quarantine, Ministry of Economic Affairs. The company was listed in OTC in June 1998 and was listed on Taiwan Stock Exchange in May 2000. Hwa Fong is principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The company provides bicycle tires, agricultural and | ||
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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 1.38%, from TWD 1,858.25 millions to TWD 1,883.94 millions. Operating Results decreased from TWD 87.43 millions to TWD -1.67 millions. The results of the period reached TWD -41.58 millions at the end of the period against TWD 49.99 millions last year. Return on equity (Net income/Total equity) went from 1.29% to -1.54%, the Return On Asset (Net income / Total Asset) went from 0.84% to -0.78% and the Net Profit Margin (Net Income/Net Sales) went from 2.69% to -2.21% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 97.55% compared to 53.46% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.02 to 1.38 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 |
5,347 |
5,300 |
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Current Assets |
1,311 |
1,264 |
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Total Liabilities |
2,640 |
2,576 |
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Shareholders Equity |
2,706 |
2,724 |
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Current Liabilities |
949 |
761 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
1,883 |
1,216 |
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Operational Profit (Loss) |
-1 |
-2 |
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Net Profit (Loss) |
-41 |
-33 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-0.78% |
-0.64% |
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Annualised Return on Assets (ROA) |
-1.04% |
-1.28% |
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Return on Equity (ROE) |
-1.54% |
-1.24% |
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Annualised Return on Equity (ROE) |
-2.05% |
-2.48% |
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Return on Sales (ROS) |
-2.21% |
-2.78% |
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Return on Capital |
-1.31% |
-1% |
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Gross Profit Margin |
20.8% |
20.13% |
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Operating Profit Margin |
2.59% |
1.89% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
10.91x |
7.26x |
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Inventory Turnover |
4.03x |
2.44x |
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Current asset turnover |
1.44x |
0.96x |
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Fixed-asset turnover |
1.55x |
0.99x |
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Asset Turnover |
0.35x |
0.23x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-1 |
-2 |
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EBITDA |
67 |
43 |
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Enterprise value |
4,577 |
4,433 |
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Enterprise Value / EBITDA |
68.16 |
102.59 |
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Bookvalue (BV) |
2,706 |
2,724 |
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Net Cash |
-2,427 |
-2,344 |
| Liquidity Ratios | ||
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Current Ratio |
138.16% |
166.03% |
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Quick ratio |
99.14% |
113.74% |
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Doom's day ratio |
22.47% |
30.46% |
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Cash Flow to Debt |
5.05% |
6.82% |
| Leverage Ratios | ||
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Leverage ratio |
197.55% |
194.57% |
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Interest Coverage Ratio |
-8.34% |
-18.56% |
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Debt to equity |
97.55% |
94.57% |
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Debt to total assets |
49.38% |
48.6% |
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Long Term Debt to Capital |
15.04% |
19% |
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Debt / Enterprise Value |
57.69% |
58.11% |
| Market ratios | ||
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Market Cap / Net cash |
-0.89 |
-0.89 |
| Trend Ratios | ||
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Revenue Trend |
101.38% |
96.84% |
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Net Income Trend |
-83.18% |
-68.95% |
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Operating Income Trend |
254.64% |
126.44% |
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