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Ten Ren Tea Co., Ltd. (天仁茶业)
Main Activities: Food Manufacturing
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Company Information |
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Full name Ten Ren Tea Co., Ltd. (天仁茶业) Headquarters 6/F, 107, Chung Hsiao E. Rd., Sec. 4, Taipei, Taiwan; New Taipei City; New Taipei City |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : TW0001233005 Financial Auditors: Ernst & Young (2013) Incorporation Date: December 11, 1975 Total Employees: 972 Tel: 886-2-27765580 |
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Company Description |
| Ten Ren Tea Co., Ltd. was founded on December 11, 1975 and set up a modern tea factory located in north-south line, namely Fragrant Tea Factory which operated as a sightseeing tea factory and led the trend of the industry. The company made public offering in 1993 and was officially listed in OTC on March 13, 1997. On January 20, 1999 the company was listed officially on Taiwan Stock Exchange. Ten Ren Tea Co., Ltd. is principally engaged in the production and distribution of tea leaves, tea sets 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 decreased with -0.42%, from TWD 1,541.23 millions to TWD 1,534.74 millions. Operating result decreased from TWD 267.91 millions to TWD 244.9 millions which means -8.59% change. The results of the period decreased -8.36% reaching TWD 201.65 millions at the end of the period against TWD 220.05 millions last year. Return on equity (Net income/Total equity) went from 15.77% to 12.80%, the Return On Asset (Net income / Total Asset) went from 12.82% to 10.16% and the Net Profit Margin (Net Income/Net Sales) went from 14.28% to 13.14% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 25.96% compared to 23.00% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 2.13 to 1.78 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 |
1,984 |
2,085 |
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Current Assets |
610 |
693 |
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Total Liabilities |
408 |
562 |
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Shareholders Equity |
1,575 |
1,522 |
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Current Liabilities |
342 |
497 |
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| * All the accounts are in TWD. | ||
Income Statement
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Total Operating Revenue |
1,534 |
1,020 |
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Operational Profit (Loss) |
244 |
160 |
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Net Profit (Loss) |
201 |
132 |
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| * All the accounts are in TWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
10.16% |
6.33% |
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Annualised Return on Assets (ROA) |
13.55% |
12.66% |
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Return on Equity (ROE) |
12.8% |
8.67% |
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Annualised Return on Equity (ROE) |
17.07% |
17.34% |
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Return on Sales (ROS) |
13.14% |
12.94% |
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Return on Capital |
12.8% |
8.67% |
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Gross Profit Margin |
59.77% |
59.58% |
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Operating Profit Margin |
14.09% |
13.92% |
| Efficiency Ratios | ||
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Accounts Receivable Turnover |
11.23x |
8.74x |
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Inventory Turnover |
2.65x |
1.82x |
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Current asset turnover |
2.52x |
1.47x |
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Fixed-asset turnover |
1.62x |
1.07x |
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Asset Turnover |
0.77x |
0.49x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
244 |
160 |
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EBITDA |
285 |
187 |
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Enterprise value |
4,471 |
4,645 |
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Enterprise Value / EBITDA |
15.64 |
24.73 |
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Bookvalue (BV) |
1,574 |
1,521 |
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Net Cash |
-276 |
-360 |
| Liquidity Ratios | ||
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Current Ratio |
177.98% |
139.29% |
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Quick ratio |
109.9% |
93.8% |
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Doom's day ratio |
38.52% |
40.65% |
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Cash Flow to Debt |
47.54% |
17.45% |
| Leverage Ratios | ||
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Leverage ratio |
125.96% |
136.97% |
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Interest Coverage Ratio |
97,960% |
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Debt to equity |
25.96% |
36.97% |
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Debt to total assets |
20.61% |
26.99% |
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Debt / Enterprise Value |
9.15% |
12.12% |
| Market ratios | ||
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Market Cap / Net cash |
-15.15 |
-11.88 |
| Trend Ratios | ||
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Revenue Trend |
99.58% |
100.35% |
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Net Income Trend |
91.64% |
97.5% |
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Operating Income Trend |
89.08% |
87.42% |
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