Here's an update to Top of Ze World: Part VI
Wrote the following back in April:
- Let me bore everyone with numbers and more numbers for Top Glove.
1. FY 2001.
Shareholders Equity = 93.170 million. Total loans = 13.958 million.
Total capital used = 107.128 million.
Earnings generated = 17.217 million.
Return of total capital used for 2001 = 17.217/107.128 = 16.1%
2. FY 2002.
Shareholders Equity = 109.136 million. Total loans = 13.440 million.
Total capital used = 122.576 million.
Earnings generated = 18.036 million.
Return of total capital used for 2001 = 18.036/122.576 = 14.7%
3. FY 2003.
Shareholders Equity = 130.471 million. Total loans = 39.289 million.
Total capital used = 169.760 million
Current earnings generated = 25.222 million
Return of total capital used for ttm = 25.222/169.760 = 14.9%.
4.. FY 2004.
Shareholders Equity = 162.006 million. Total loans = 63.063 million.
Total capital used = 225.069 million.
Earnings generated = 39.509 million.
Return of total capital used for 2001 = 39.509/225.069 = 17.6%
5. FY2005.
Shareholders Equity = 216.082 million. Total loans = 154.191 million.
Total capital used = 370.993 million
Current earnings generated = 58.141 million
Return of total capital used for ttm = 58.141/370.993 = 15.7%.
6. TTM (Trailing Twelve Months or most recent 4 quarters).
Shareholders Equity = 255.538 million. Total loans = 199.478 million.
Total capital used = 455.016 million
Current earnings generated = 69.666 million
Return of total capital used for ttm = 69.666/455.016 = 15.3%.
After today's earnings report from Top Glove, here are the following numbers for Top Glove:
TTM (Trailing Twelve Months or most recent 4 quarters).
Shareholders Equity = 271.624 million. Total loans = 231.937 million.
Total capital used = 503.561 million
Current earnings generated = 76.103 million
Return of total capital used for ttm = 76.103/503.561 = 15.1%.
how?
Hi Moola,
ReplyDeleteDo u view the same for KNM and MUHIBAH? High growth high gearing too.
Sorry I have not really followed these two stocks so I can't comment much on them.
ReplyDeletergds
Never mind (I'm the anonymous). TOPGLOV seems taking MEGAN's path. Borrow a lot to sustain EPS. How the new production lines help in next few quarters will be interesting..
ReplyDeleteHi,
ReplyDeleteI think it is rather unfair and unjust to equate TopGlove to Megan.
Yes, TopGlove has been rather aggressive in their expansion of their business.. but I would not dare equate Top Glove to the nonsense we are seeing in Megan.
rgds