Tuesday, July 04, 2006

Top of Ze World: Part VII

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?

4 comments:

  1. Anonymous12:48 AM

    Hi Moola,

    Do u view the same for KNM and MUHIBAH? High growth high gearing too.

    ReplyDelete
  2. Sorry I have not really followed these two stocks so I can't comment much on them.

    rgds

    ReplyDelete
  3. Anonymous10:42 PM

    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..

    ReplyDelete
  4. Hi,

    I 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

    ReplyDelete