Coteccons Construction Joint Stock Company (CTD) Table of contents 1 Company Profile 3 1.1 Key fact 3 1.2 Key financial performance 3 1.3 Key executives 4 1.4 Ownership and major holders 5 1.5 Company history 6 1.6 Stock market snapshot 7 2 Company Business Overview 8 2.1 Business description (CTD) 8 2.2 Major products andor services 8 2.3 Markets and sales activities 9 2.4 Locations and subsidiaries 9 3 Company Financial 9 3.1 Financial Statements 9 3.1.1 Income statemet 9 3.1.2 Balance sheet 11 3.2 Financial Ratios 12 3.2.1 Liquidity Measurement Ratios 12 3.2.2 Profitability Indicator Ratios 12 3.2.3 Debt Ratios 13 3.2.4 Turnover Ratios 13 3.2.5 Financial ratios charts 13 4 Company Competitors 15 4.1 Direct Competitors 15 4.2 Comparisons of company and direct competitors of financial 15 5 Company SWOT 17 6 Conclusion 18 7 References 19 8 Appendices 21 8.1 Financial ratio formulas 21 8.2 List of table 21 8.3 List of Figures 22
Eastern International University ACTG 240 – FINAL GROUP PROJECT GROUP Submission Date: 18/8/2022 Coteccons Construction Joint Stock Company (CTD) LECTURER: MS VO NGOC THAO NGUYEN Name IRN Nguyễn Thị Thu Hằng 2032300056 Nguyễn Thụy Khả Quân 1832300426 Nguyễn Thanh Trà 2032300458 Nguyễn Thị Kim Thi 1932300170 Q4 2021-2022 Eastern International University Table of contents Company Profile 3 1.1 Key fact 1.2 Key financial performance 1.3 Key executives 1.4 Ownership and major holders 1.5 Company history 1.6 Stock market snapshot Company Business Overview 2.1 Business description (CTD) 2.2 Major products and/or services 2.3 Markets and sales activities 2.4 Locations and subsidiaries Company Financial 3.1 3.1.1 Income statemet 3.1.2 Balance sheet 11 3.2 Financial Statements Financial Ratios 12 3.2.1 Liquidity Measurement Ratios 12 3.2.2 Profitability Indicator Ratios 12 3.2.3 Debt Ratios 13 3.2.4 Turnover Ratios 13 3.2.5 Financial ratios charts 13 Company Competitors 15 4.1 Direct competitors 15 4.2 Comparisons of company and direct competitors of financial 15 Company SWOT 17 Conclusion 18 References 19 Appendices 21 8.1 Financial ratio formulas 21 8.2 List of table 21 8.3 List of Figures 22 Q4 2021-2022 Eastern International University Company Profile 1.1 Key fact Table Key facts of Coteccons Company Name Coteccons Construction Joint Stock Company Abbreviation COTECCONS Date of establishment August 24, 2004 Industry Joint Stock Comapny Headquarters 236/6 Dien Bien Phu Street, Ward 17 Binh Thanh Ho Chi Minh Business license 4103002611 Exchange Ho Chi Minh Stock Exchange – HOSE Telephone (84.28) 3514 2255 - 84.28.3514 2266 Fax (84.28) 3514 2277 Tax code 0303443233 Email contact@coteccons.vn Website https://www.coteccons.vn/ Source: https://finance.vietstock.vn/CTD-coteccons-construction-joint-stock-company.htm Table Listing First trading day January 20, 2010 First trading day price 114,000 First listed volume 18,450,000 Listed shares 79,255,000 Shares outstanding 73,859,473 Listing advisor Baoviet Securities Company (HNX: BVS) 1.2 Key financial performance Table Historical data Q4 2021-2022 Eastern International University HISTORICAL DATA Currency: Billion VND Business Performance 2017 2018 2019 2020 2021 Net revenues 27,153 28,561 23,733 14,558 9,078 Cost of goods sold (25,137) (26,728) (22,685) (13,702) (8,803) Gross profit 2,016 1,833 1,048 856 275 Finance income 325 321 264 228 277 Finance cost - - - (0,5) (13) Share of profit/(loss) 32 98 (27) (30) (395) (505) (459) (656) (516) 1,978 1,747 857 401 (7) Other profits 82 127 33 27 45 Profit before tax 2,060 1,874 890 428 38 Corporate income tax (408) (363) (180) (93) (14) Profit after tax 1,652 1,511 710 335 24 Profit of minor - - 0,03 0,18 0,10 1,652 1,511 710 334 24 from affiliates General and administrative expenses Net profit from operating activities shareholders Profit after tax of the parent company 1.3 Key executives Table Key executives Full Name Position Bolat Duisenov Chairman Talgat Turumbayev Director Q4 2021-2022 Eastern International University Herwig Guido H.Van Hove Director Tong Van Nga Independent Director Tan Chin Tiong Independent Director Vo Hoang Lam Deputy General Director Pham Quan Luc Deputy General Director Chris Senekki Deputy General Director Nguyen Ngoc Lan Deputy General Director 10 Pham Thi Bich Ngoc Deputy General Director 11 Tran Van Thuc 1.4 Head of Supervisory Board 12 Doan Phan Trung Kien Member of Supervisory Board 13 Zhaidarzhan Zatayev Member of Supervisory Board Ownership and major holders Table List of major holders Name Shares Ownership Reported Date Kustoshem Pte., Ltd 13,906,666 17.55% 6/30/2022 Success Investment and Business 11,192,652 14.12% 12/31/2021 The8th Pte Ltd 8,256,500 10.42% 6/30/2022 VOF Investment Ltd 1,937,450 2.44% 4/7/2022 Preston Pacific Limited 3,108,000 3.9% 6/30/2022 Bolat Duisenov 1,011,700 1.28% 7/4/2022 One Member Company Limited (Stockbiz, n.d.) Figure Owner structure Q4 2021-2022 Eastern International University Foreign Ownership 49.00% State Ownership 0.00% Other Ownership 51.00% 1.5 Company history 2004: Converting operation model into Cotec Joint Stock Company under Decision No 1242/QĐ-BXD dated 30 July 2004 signed by the Minister of Construction 2006: Participating in important RMIT University, The Manor, Grand View, etc projects 2007: Dragon Capital, Indochina Capital, and Tainan Spinning all donated substantial sums of money in the form of investments adding 120 billion VND to the charter capital 2008: Conquering the high-end real estate market with typical projects of Ho Tram Sanctuary, River Garden, The Center Point, etc On 10 May 2009: Starting Coteccons office building 100% owned by Coteccons On January 20, 2010: Coteccons stock (CTD code) was listed and began trading on the Ho Chi Minh City Stock Exchange (HOSE) On September 2011: Contracting with the general contractor for the Grand Ho Tram Casino Complex, the biggest and most cutting-edge casino in the area, which was financed by Asia Coast Development Ltd (ACDL) 2012: Signing a strategic cooperation agreement with Kustocem Pte Ltd (Singapore) to issue 10,430,000 shares (equivalent to USD25 million) 2013: Raising the stake of Coteccons in Unicons to 51.24% and officially operating under the corporation model Q4 2021-2022 Eastern International University 2014: The Design & Build (D&B) paradigm started well With significant investors like Masteri Thao Dien, Regina, and others, numerous D&B contracts have been negotiated 2015: Dealing with a lot of important D&B contracts Indicating a record-high increase in both revenue and profit 2016: Construction on the Landmark 81 project, which will be among the world's highest structures August 2017: Starting the Hoi An Casino project with a total value of nearly VND7,000 billion 2019: Completing construction on The Landmark 81 project Coteccons is also recognized as one of the top 50 most outstanding and significant businesses in Vietnam 2020: Recognized as one of Vietnam's top contractors in 2020 The amount of charter capital was VND 792.55 billion 1.6 Stock market snapshot Figure Stock market snapshot of Coteccons (Trading view, n.d.) This graph shows the volatility of CTD stock price for five years from 2017 to 2022 and the stock price has experienced a gradual decrease until now Q4 2021-2022 Eastern International University 2.1 Company Business Overview Business description (CTD) - Full name: COTECCONS CONSTRUCTION JOINT STOCK COMPANY - Abbreviation name: COTECCONS - Company logo: - Business code: 0303443233 - Charter Capital: 792.550.000.000 dongs - Cotecoons is a constructed company established on 24th August 2004 from the equitization process of a member company under Fico Corporation - one of the prestigious construction companies in the Vietnam market + Vision: Cotecoons toward the goal of becoming a world-class construction corporation, with a focus on infrastructure projects, design-build projects, and general contractor projects and trying to reach out and grow in the 21st century of Vietnam + Mission: The value of our brand name is determined by our reputation and product quality, and Coteccons pledges to meet our client's needs for high standards in terms of technology and aesthetics in life The company also aims at a reasonable cost for the spending level of Vietnamese 2.2 Major products and/or services - Construction of civil and industrial works, transport works, irrigation works - Design the total construction sites, civil and industrial works; design of heat supply, ventilation, air conditioning; design of electrical works, design construction of urban technical infrastructure - Construction of water supply and drainage work, environmental treatment - Business, brokerage - Sell iron, steel, materials, machinery, equipment in construction etc Q4 2021-2022 Eastern International University 2.3 Markets and sales activities - During the past time, Cotecoons hasn’t stopped growing For many years, Cotecoons’s revenue has always reached over 20,000 billion VND per year - In a difficult time in the estate market like 2019, Cotecoons still achieved a quite high profit although there were very few new projects implemented, many construction projects were suspended or delayed because of Covid-19 - This is also a rare construction unit that has been in the top of businesses with a profit of over 1,000 billion VND for many years 2.4 Locations and subsidiaries Table Subsidiaries and locations Subsidiaries Locations Ricons Construction Investment Joint Stock 96 Phan Dang Luu Street, Ward 5, Phu Company Nhuan, Ho Chi Minh City Unicons Construction Investment Co., Ltd Coteccons Office Tower, 236/6 Dien Bien Phu, Ward 17, Binh Thanh District, Ho Chi Minh City FCC Infrastructure Investment Joint Stock 45 Dinh Tien Hoang Street, Ben Nghe, Company District 1, Ho Chi Minh City Company Financial 3.1 3.1.1 Financial Statements Income statemet Table Income Statement INCOME STATEMENT Currency: Billion VND ITEMS 2019 2020 2021 Q4 2021-2022 Eastern International University Revenue 23,733 14,689 9,078 - 31 - Net revenue 23,733 14,558 9,078 Cost of goods sold 22,685 13,702 8,803 Gross profit 1,048 856 275 264 228 277 Finance expenses 0 13 Of which: Interest expenses - - Share of associates and joint ventures' result -27 -30 General and administrative expenses 459 656 516 Operating profit 857 401 -7 Other income 42 39 58 Other expenses 13 12 Other profit 34 27 45 Profit before tax 891 428 38 Current corporate income tax expenses 164 168 43 Deferred income tax expenses 15 -75 -29 Net profit after tax 711 335 24 Minority's interest 0 Deduction from revenue Finance income 10 Q4 2021-2022 Eastern International University Profit after tax for shareholders of parent 711 334 24 Earnings per share 8,859 4,164 323 Diluted earnings per share 8,859 4,164 323 company 3.1.2 Balance sheet Table Balance sheet BALANCE SHEET Currency: Billion VND BALANCE SHEET Period time: 2019-2021 2019 2020 2021 Short-term assets 14,728 12,868 12,752 Cash and cash equivalents 801 1,397 885 Short-term financial investments 3,242 1,981 2,401 Short-term receivables 8,798 7,648 7,425 Inventories 1,626 1,492 1,692 Other current assets 261 350 349 Long-term assets 1,471 1,290 1,174 Fixed assets 704 604 531 Investment properties 50 47 41 Long-term assets in progress 161 162 185 Long-term financial investments 394 365 335 Other long-term assets 162 112 82 TOTAL ASSETS 16,199 14,158 13,926 I II ASSETS OWNER’S EQUITY 11 Q4 2021-2022 Eastern International University A Liabilities Short-term liabilities 7,710 5,753 5,675 Long-term liabilities 19 TOTAL LIABILITIES 7,729 5,759 5.677 8,470 8,399 8,248 16,199 14,158 13,926 B OWNER’S EQUITY Owner's equity TOTAL OWNER'S EQUITY AND LIABILITIES 3.2 Financial Ratios 3.2.1 Liquidity Measurement Ratios Table Liquidity Measurement Ratios Liquidity Ratios 2019 2020 2021 Quick ratio 1.70% 1.98% 1.95% Current ratio 1.91% 2.24% 2.25% Inventory turnover 13.97% 8.81% 5.05% Asset turnover 1.47% 0.96% 0.61% 2019 2020 2021 4.31% 2.2% 0.17% 8.65% 3.96% 0.29% 3.2.2 Profitability Indicator Ratios Table 10 Profitability Indicator Ratios Profitability ratios Return of assets (ROA) Return of equity (ROE) 12 Q4 2021-2022 Eastern International University Gross profit margin 4.42% 5.88% 3.03% Net profit margin 3% 2.3% 0.27% 3.2.3 Debt Ratios Table 11 Debt Ratios Debt ratios 2019 2020 2021 Debt to Assets 0% 0% 0.01% Debt to Equity 0% 0% 0.02% 3.2.4 Turnover Ratios Table 12 Turnover Ratios Turnover ratios 2019 2020 2021 Inventory Turnover Ratio 14.78% 8.79% 5.53% Total Asset Turnover 1.44% 0.96% 0.65% 3.2.5 Financial ratios charts Liquidity Measurement Ratios Figure 13 Q4 2021-2022 Eastern International University Profitability Indicator Ratios Figure Debt Ratios Figure Turnover Ratios Figure 14 Q4 2021-2022 Eastern International University Company Competitors 4.1 Direct competitors Hoa Binh Construction Group Join Stock Company (HBC): Hoa Binh company is the leading general contractor in Vietnam with the main field of activity is the construction of large projects with the task of civil construction; construction of industrial works; infrastructure system Phuc Hung Holdings Construction Joint Stock Company (PHC): among the top best construction contractors in Vietnam Projects constructed by Phuc Hung company appear everywhere such as Hanoi, Quang Ninh, Ho Chi Minh City, Vung Tau and the location of foreign construction schools with the Booyoung project in Cambodia 4.2 Comparisons of company and direct competitors of financial Table 13 Comparisons of company and direct competitors of financial Unit: % Coteccons Construction Hoa Binh Construction Phuc Hung Holdings Company (CTD) Group (HBC) Construction Company (PHC) 2019 2020 2021 2019 2020 2021 2019 2020 2021 Liquidity Measurement Ratios Quick ratios 1.7 1.98 1.95 1.04 1.03 1.07 0.81 0.83 0.8 Current 1.91 2.24 2.25 1.20 1.27 1.28 1.16 1.12 1.18 0.1 0.24 0.16 0.05 0.02 0.06 0.07 0.05 0.04 ratios Cash ratios Profitability Indicator Ratios 15 Q4 2021-2022 Eastern International University Gross profit 4.42 5.88 3.0 6.69 6.56 7.07 8.34 10.32 9.3 2.3 0.27 2.18 0.75 0.85 2.05 0.64 5.87 8.65 3.96 0.29 12.11 2.13 2.51 14.57 1.15 9.94 4.31 2.2 0.17 2.56 0.53 0.64 2.62 0.22 2.42 margin Net profit margin Return on equity (ROE) Return on assets (ROA) Debt Ratios Debt to asset 0 0.01 29.67 32.91 30.75 49.13 49.16 38.18 Debt to 0 0.02 125.29 123.37 125.66 257.14 249.78 135.1 equity Turnover Ratios Inventory 14.78 8.79 5.53 9.26 4.76 4.32 4.2 2.45 1.57 1.44 0.96 0.65 1.14 0.7 0.71 1.53 0.69 0.42 turnover ratio Total asset turnover Overview: Liquidity: Looking at the calculated values in the table of liquidity ratios from 2019 to 2021, Cotecoons Construction Company (CTD) held a higher capability in handling its current liabilities in comparison with the two competitors BMP quick and current ratios in the three recent years 2019, 2020, and 2021 were about 2% higher than its two competitors Hoa Binh Construction Group (HBC) and Phuc Hung Holding Construction Company (PHC), and the cash ratios are much higher Profitability: As the table of profitability ratios showed, Coteccons Construction Company had the gross profit margin slower than Hoa Binh Construction Group and also Phuc Hung Holding Construction in the three considered years 2018, 2020, and 2021 The net profit margin of CTD had a slight decrease from 3% in 2019 to 2.3% in 2020, and it continued to fall steadily to 0.27%, and HBC also profit decreased steadily while 16 Q4 2021-2022 Eastern International University PHC had dramatic growth in three years This phenomenon also happened in Return on equity and Return on assets of CTD from 2019 to 2021 The increase in Net profit margin PHC in the construction market may threaten the competitive positions of CTD and other firms in the next few years CTD is being defeated by its competitors gradually Debt ratios: The table indicated that the Debt ratios to assets and equity of Phuc Hung Holding Construction was higher than Coteccons Construction Company and Hoa Binh Construction Group in the three considered years The debt ratios of CTD increased slightly from 0% in 2019 to 0.1% in 2021, this means that the company increased its capability to pay off long-term liabilities Turnover ratios: The table showed that CTD had the Inventory turnover ratios decreased from 14.78% in 2019 to 8.79% in 2020 and continued to fall in 2021 to 5.53% These values were higher than its competitors HBC and PCH, so CTD had the higher capability to decrease the numbers of inventories in the considered periods However, the capability of CTD was not as high as the competitor HBC between 2019 and 2021 The Total asset turnover ratio of CTD from 1.44% in 2019 to 0.65% in 2021, while PHC could raise this ratio to 0.7% in 2021, this means that the CTD had a lower capability in turning its assets in comparison with HBC and PHC Company SWOT Strengths: - The specific policy and planning system opens up many opportunities for the construction industry, especially the infrastructure sector - With the aim pf promoting economic growth, the government’s strong capital is available only for key infrastructure projects Have a large, cheap, and highly skilled workforce Weaknesses: - Construction capacity of enterprises uneven in the industry - A large number of untrained workers create methodically - Complicated administrative procedures create significant barriers for investors and also cause difficulties for construction and construction work submit - Status of capital team, extending exam time work continues 17 Q4 2021-2022 Eastern International University Opportunities: - The real estate market gradually recovered - The trend of urbanization is increasing day by day with the need to build houses, factories, urban infrastructure - The trend of moving factories from neighboring countries to Vietnam, especially from China - The signing of economic agreements will create a premise for FDI capital to increase in Vietnam Threats: - It depends a lot on the price of raw materials - The entry of major construction contractors from abroad increases competitive pressure for companies in the industry - Concerns about supply reduction in the real estate market residential real estate and its negative impact on the sector civil construction sector - The legal system is still limited and unclear as in the field of tax and business registration Conclusion In the process of establishment and development over the past 17 years, Coteccons is the leading company in the construction industry in Vietnam Additionally, this business also has positively influenced the growth of the industry, market, and economy Around Coteccons is a large community of customers, partners, suppliers, subcontractors, shareholders, investors, employees, and workers, both direct and indirect In 2021, the Company was honoured by Vietnam Report as the holder of the 56th position in the Top 500 Largest Enterprises in Vietnam (VNR500) and the largest private construction enterprise in Vietnam in 2020 Up to now, Coteccons has contributed to the implementation of over 400 projects across the country and has expanded their presence in Laos, Cambodia, and Myanmar Although facing many difficulties because of the COVID-19 pandemic, by the end of 2021, the Company's total assets reached VND 13,925 billion Moreover, at the end of the trading session on December 31, 2021, CTD’s stock price closed at VND 109,500/share, up by 43% compared to the starting price at the beginning of the year 18 Q4 2021-2022 Eastern International University References Improvement in organization – Coteccons (n.d.) Coteccons – Building Futures https://web1.coteccons.vn/the-ma%cc%a3nh-cu%cc%89a-chung-toi/?lang=en VietstockFinance (n.d.) CTD: CTCP Xây dung Coteccons - Coteccons - Tai | VietstockFinance https://finance.vietstock.vn/CTD/financials.htm?tab=CDKT VietstockFinance (n.d.) CTD: CTCP Xây dung Coteccons - Coteccons - Tai | VietstockFinance https://finance.vietstock.vn/CTD/financials.htm?tab=CSTC&fbclid=IwAR2VyR39yOIttu CD40qbusb6OWS77ij9SUPcmNvzav1zZO4h6hyvTw23yDk VietstockFinance (n.d.) CTD: CTCP Xây dung Coteccons - Coteccons - Tai | VietstockFinance https://finance.vietstock.vn/CTD/financials.htm?tab=KQKD VietstockFinance (n.d.) HBC: CTCP tap đồn Xây dung hoa Bình - HBCG - Tai | VietstockFinance https://finance.vietstock.vn/HBC/taichinh.htm?tab=CSTC&fbclid=IwAR0HHRkNU2YHEIJ1yJ-UH9j5ODpmihr6OnM29C6aN3sYP2Lg1W4vQH6xiI VietstockFinance (n.d.) CTD: CTCP Xây dung Coteccons - Coteccons - Tai | VietstockFinance https://finance.vietstock.vn/CTD/financials.htm?tab=CSTC Coteccons construction joint stock company key stats and ratios – HOSE:CTD – TradingView (n.d.) TradingView https://vn.tradingview.com/symbols/HOSECTD/?fbclid=IwAR2gRm8PbAwzVlPa6p4Udnoe23AxhxOp5xHtVEYcSLMKUuOIPiA21skjFo Coteccons group (n.d.) Unicons https://unicons.vn/en/cotecconsgroup/?fbclid=IwAR2j9hdN6YOIzzuuZg-sE_BcyTjY1FEWxsXuZpKBWYwuseDrakbbWzfYsQ 19 Q4 2021-2022 Eastern International University (n.d.) Coteccons – Building Futures https://www.coteccons.vn/app/uploads/2021/04/20/20210718_CTD_AR2020-ENweb.pdf?fbclid=IwAR2dH2Wm4l27gN5Kowr6MFKAdAlaETiRI9EEPYpO3Fk0VWUbcDxAutZ9yM Coteccons – Building Futures https://www.coteccons.vn/app/uploads/2022/04/20/CTD_AR21_EN-FinalUpweb.pdf?fbclid=IwAR2j9hdN6YOIzzuuZg-sE_BcyTjY1FEWxsXuZpKBWYwuseDrakbbWzfYsQ Coteccons (2020, July 21) EverybodyWiki Bios & Wiki Retrieved August 17, 2022, from https://en.everybodywiki.com/Coteccons?fbclid=IwAR2HlSDIqKxkMyFwFyEUYmTfwy8zJ19h_aJPEPTUUGoiQM7WXM94iwB2VA CTCP xd phuc holding key stats and ratios – HOSE:PHC – TradingView (n.d.) TradingView https://www.tradingview.com/symbols/HOSE-PHC/financials-statisticsand-ratios/?fbclid=IwAR3MP_gpbpdLbssdHPDH-JhkKk76MxAPZD3ZQPru_v5QPtjYuXPZozTymM CTD Giá Co phiếu VA Biểu đồ — HOSE:CTD — TradingView (n.d.) TradingView https://vn.tradingview.com/symbols/HOSECTD/?fbclid=IwAR3tvQZHwVSJzMiZ1L2aYnAZiaFbbozVb3mTgUu3U5w9M59Zqyj3pl_86o Các cong Ty thành Vien CUA Coteccons | Coteccons group (2020, December 2) tranducphu.com https://tranducphu.com/cac-cong-ty-thanh-vien-cuacoteccons/?fbclid=IwAR3xbfBRYMBnZ8c5lRLkmlii02XFU-WXbIvCwg0U03x4TAAK-QVRPaJmfQ Hoa binh construction group joint stock company key stats and ratios – HOSE:HBC – TradingView (n.d.) TradingView https://www.tradingview.com/symbols/HOSE20 Q4 2021-2022 Eastern International University HBC/financials-statistics-andratios/?fbclid=IwAR3C6Rer2TCRPLr3X5ciNY08TdNq74WhSzllRzbeo_6VetnorY49Ihd SYYs 8.1 Appendices Financial ratio formulas Liquidity Measurement Ratios 𝐶𝑢𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡𝑠−𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 Quick Raito = 𝐶𝑢𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 𝐶𝑢𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑠𝑡𝑠 Current Ratio =𝐶𝑢𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 𝐶𝑎𝑠ℎ 𝑎𝑛𝑑 𝑒𝑞𝑢𝑖𝑣𝑎𝑙𝑒𝑛𝑡 Cash Ratio = 𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 Profitability Indicator Ratios Gross Profit Margin = Net profit margin = 𝑇𝑜𝑡𝑎𝑙 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 – 𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑𝑠 𝑆𝑜𝑙𝑑 𝑇𝑜𝑡𝑎𝑙 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 𝑅𝑒𝑣𝑒𝑛𝑢𝑒 × 100 × 100 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 Return on Equity (ROE) =𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠 𝐸𝑞𝑢𝑖𝑡𝑦 × 100 𝑁𝑒𝑡 𝐼𝑛𝑐𝑜𝑚𝑒 Return on Assets (ROA) =𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 × 100 Debt Ratios Debt to Asset = 𝑆ℎ𝑜𝑟𝑡−𝑡𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 + 𝐿𝑜𝑛𝑔−𝑡𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 𝑇𝑜𝑡𝑎𝑙 𝐴𝑠𝑠𝑒𝑡𝑠 𝑇𝑜𝑡𝑎𝑙 𝐿𝑖𝑎𝑏𝑖𝑙𝑖𝑡𝑖𝑒𝑠 Debt to Equity =𝑇𝑜𝑡𝑎𝑙 𝑆ℎ𝑎𝑟𝑒ℎ𝑜𝑙𝑑𝑒𝑟𝑠’ 𝐸𝑞𝑢𝑖𝑡𝑦 Inventory Turnover Ratio = 𝐶𝑜𝑠𝑡 𝑜𝑓 𝐺𝑜𝑜𝑑𝑠 𝑆𝑜𝑙𝑑 𝐴𝑣𝑒𝑟𝑎𝑔𝑒 𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑇𝑜𝑡𝑎𝑙 𝑆𝑎𝑙𝑒𝑠 Asset Turnover = 𝐵𝑒𝑔𝑖𝑛𝑛𝑖𝑛𝑔 𝐴𝑠𝑠𝑒𝑡𝑠 + 𝐸𝑛𝑑𝑖𝑛𝑔 𝐴𝑠𝑠𝑒𝑡𝑠 8.2 List of table 8.2.1 Table – Key facts of Coteccons Company………….……………………………….3 21 Q4 2021-2022 Eastern International University 8.2.2 Table – Listing some information of Coteccons…………………………………….3 8.2.3 Table Historical data………………………………………………………… ……4 8.2.3 Table – Key execuives………………………………………………………………4 8.2.5 Table - List of major holders……………………………………………………… 8.2.6 Table - Subsidiaries, joint ventures, associates………………………………………9 8.2.7 Table - Income statement………………………………………………………… 8.2.8 Table - Balance sheet……………………………………………………………… 11 8.2.9 Table - Liquidity Measurement Ratios…………………………………………… 12 8.2.10 Table 10 - Profitability Indicator Ratios…………………………………………… 12 8.2.11 Table 11 - Debt Ratios……………………………………………………………….12 8.2.12 Table 12 - Turnover Ratios………………………………………………………… 13 8.2.13 Table 13 - Comparisons of company and direct competitors ……………………….15 8.3 List of Figures 8.3.1 Figure - Ownership structure …….………………………………………………… 8.3.2 Figure - Stock market snapshot of CTD…………………………………… ………7 8.3.3 Figure - Liquidity Measurement Ratios………………………………………… 13 8.3.4 Figure - Profitability Indicator Ratios…………………………………………… 13 8.3.5 Figure - Debt Ratios…………………………………………………………… ….14 8.3.6 Figure - Turnover Ratio ………………………………………………………… 14 22 Q4 2021-2022