By Helgi Library - April 2, 2020
Denso Manufacturing Czech Republic's total assets reached CZK 6,424 mil at the end of 2015, up 1.88% compared to the previous ye...
By Helgi Library - April 2, 2020
Denso Manufacturing Czech Republic's total assets reached CZK 6,424 mil at the end of 2015, up 1.88% compared to the previous ye...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 10,480 | 11,570 | 12,363 |
| Gross Profit | CZK mil | 1,511 | 2,096 | 2,187 |
| EBITDA | CZK mil | 802 | 1,219 | 1,137 |
| EBIT | CZK mil | 369 | 726 | 719 |
| Financing Cost | CZK mil | 406 | 152 | -71.0 |
| Pre-Tax Profit | CZK mil | -36.8 | 574 | 790 |
| Net Profit | CZK mil | -60.1 | 616 | 623 |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 5,849 | 6,305 | 6,424 |
| Non-Current Assets | CZK mil | 2,962 | 3,034 | 3,289 |
| Current Assets | CZK mil | 2,429 | 2,792 | 2,652 |
| Working Capital | CZK mil | 1,054 | 1,452 | 1,423 |
| Shareholders' Equity | CZK mil | 965 | 1,581 | 2,204 |
| Liabilities | CZK mil | 4,884 | 4,725 | 4,220 |
| Total Debt | CZK mil | 2,450 | 2,303 | 1,704 |
| Net Debt | CZK mil | 2,436 | 2,296 | 1,692 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | -6.04 | 48.4 | 32.9 |
| ROCE | % | -1.49 | 14.5 | 13.5 |
| Gross Margin | % | 14.4 | 18.1 | 17.7 |
| EBITDA Margin | % | 7.66 | 10.5 | 9.19 |
| EBIT Margin | % | 3.52 | 6.28 | 5.82 |
| Net Margin | % | -0.573 | 5.33 | 5.04 |
| Net Debt/EBITDA | 3.04 | 1.88 | 1.49 | |
| Net Debt/Equity | 2.53 | 1.45 | 0.768 | |
| Cost of Financing | % | 16.5 | 6.40 | -3.55 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | 668 | 759 | 1,161 |
| Total Cash From Investing | CZK mil | -493 | -611 | -587 |
| Total Cash From Financing | CZK mil | -170 | -155 | -569 |
| Net Change In Cash | CZK mil | 5.37 | -6.89 | 4.95 |
| Cash Conversion Cycle | days | 36.1 | 46.4 | 43.2 |
| Cash Earnings | CZK mil | 374 | 1,108 | 1,040 |
| Free Cash Flow | CZK mil | 175 | 148 | 574 |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | CZK mil | ... | 6,562 | 6,843 | 8,374 | 8,623 | 10,480 | ||||||||
| Gross Profit | CZK mil | ... | 1,222 | 930 | 1,042 | 1,274 | 1,511 | ||||||||
| EBIT | CZK mil | 186 | -40.4 | 169 | 255 | 369 | |||||||||
| Net Profit | CZK mil | 264 | 77.1 | 69.3 | -17.1 | -60.1 | |||||||||
| ROE | % | 34.6 | 8.25 | 6.88 | -1.66 | -6.04 | |||||||||
| EBIT Margin | % | ... | 2.83 | -0.590 | 2.02 | 2.96 | 3.52 | ||||||||
| Net Margin | % | ... | 4.02 | 1.13 | 0.828 | -0.199 | -0.573 | ||||||||
| Employees | ... | 1,435 | 1,373 | 1,487 | 1,555 | 1,573 | |||||||||
| balance sheet | |||||||||||||||
| Total Assets | CZK mil | 3,933 | 4,268 | 4,820 | 5,428 | 5,849 | |||||||||
| Non-Current Assets | CZK mil | 2,389 | 2,420 | 2,551 | 2,854 | 2,962 | |||||||||
| Current Assets | CZK mil | 1,538 | 1,837 | 2,044 | 2,228 | 2,429 | |||||||||
| Shareholders' Equity | CZK mil | 896 | 973 | 1,042 | 1,025 | 965 | |||||||||
| Liabilities | CZK mil | 3,037 | 3,296 | 3,778 | 4,403 | 4,884 | |||||||||
| Non-Current Liabilities | CZK mil | 1,321 | 1,279 | 1,303 | 708 | 1,321 | |||||||||
| Current Liabilities | CZK mil | 1,229 | 1,788 | 2,224 | 3,518 | 3,392 | |||||||||
| Net Debt/EBITDA | 3.53 | 6.62 | 3.81 | 3.80 | 3.04 | ||||||||||
| Net Debt/Equity | 1.99 | 1.79 | 1.83 | 2.39 | 2.53 | ||||||||||
| Cost of Financing | % | ... | -4.66 | -6.86 | 4.70 | 10.5 | 16.5 | ||||||||
| cash flow | |||||||||||||||
| Total Cash From Operations | CZK mil | 298 | 343 | 197 | 120 | 668 | |||||||||
| Total Cash From Investing | CZK mil | -142 | -319 | -392 | -570 | -493 | |||||||||
| Total Cash From Financing | CZK mil | -166 | -12.6 | 185 | 450 | -170 | |||||||||
| Net Change In Cash | CZK mil | -10.2 | 11.3 | -10.3 | 0.292 | 5.37 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||||
| Sales | CZK mil | ... | 6,562 | 6,843 | 8,374 | 8,623 | 10,480 | ||||||||
| Cost of Goods & Services | CZK mil | 5,340 | 5,913 | 7,332 | 7,348 | 8,968 | |||||||||
| Gross Profit | CZK mil | ... | 1,222 | 930 | 1,042 | 1,274 | 1,511 | ||||||||
| Staff Cost | CZK mil | 621 | 619 | 675 | 734 | 770 | |||||||||
| Other Cost | CZK mil | ... | 96.3 | 47.7 | -134 | -102 | -61.5 | ||||||||
| EBITDA | CZK mil | 505 | 263 | 501 | 643 | 802 | |||||||||
| Depreciation | CZK mil | 319 | 303 | 332 | 388 | 434 | |||||||||
| EBIT | CZK mil | 186 | -40.4 | 169 | 255 | 369 | |||||||||
| Financing Cost | CZK mil | -89.7 | -122 | 86.4 | 229 | 406 | |||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | CZK mil | 276 | 81.5 | 83.0 | 25.5 | -36.8 | |||||||||
| Tax | CZK mil | 11.6 | 4.45 | 13.6 | 42.6 | 23.3 | |||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | CZK mil | 264 | 77.1 | 69.3 | -17.1 | -60.1 | |||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | ... | 5.33 | 4.28 | 22.4 | 2.97 | 21.5 | |||||||
| Operating Cost Growth | % | ... | ... | 8.00 | -7.01 | -18.8 | 16.7 | 12.3 | |||||||
| EBITDA Growth | % | ... | 36.5 | -47.9 | 90.4 | 28.3 | 24.8 | ||||||||
| EBIT Growth | % | ... | -201 | -122 | -519 | 50.5 | 44.7 | ||||||||
| Pre-Tax Profit Growth | % | ... | -206 | -70.4 | 1.80 | -69.3 | -244 | ||||||||
| Net Profit Growth | % | ... | -199 | -70.8 | -10.0 | -125 | 251 | ||||||||
| ratios | |||||||||||||||
| ROE | % | 34.6 | 8.25 | 6.88 | -1.66 | -6.04 | |||||||||
| ROCE | % | ... | 8.56 | 2.40 | 1.99 | -0.447 | -1.49 | ||||||||
| Gross Margin | % | ... | 18.6 | 13.6 | 12.4 | 14.8 | 14.4 | ||||||||
| EBITDA Margin | % | ... | 7.70 | 3.84 | 5.98 | 7.45 | 7.66 | ||||||||
| EBIT Margin | % | ... | 2.83 | -0.590 | 2.02 | 2.96 | 3.52 | ||||||||
| Net Margin | % | ... | 4.02 | 1.13 | 0.828 | -0.199 | -0.573 | ||||||||
| Cost of Financing | % | ... | -4.66 | -6.86 | 4.70 | 10.5 | 16.5 | ||||||||
| Net Debt/EBITDA | 3.53 | 6.62 | 3.81 | 3.80 | 3.04 |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||||||||
| Non-Current Assets | CZK mil | 2,389 | 2,420 | 2,551 | 2,854 | 2,962 | |||||||||
| Property, Plant & Equipment | CZK mil | 2,377 | 2,384 | 2,514 | 2,831 | 3,935 | |||||||||
| Intangible Assets | CZK mil | 11.5 | 35.4 | 36.5 | 22.5 | 26.5 | |||||||||
| Current Assets | CZK mil | 1,538 | 1,837 | 2,044 | 2,228 | 2,429 | |||||||||
| Inventories | CZK mil | 621 | 755 | 883 | 752 | 918 | |||||||||
| Receivables | CZK mil | 738 | 835 | 1,030 | 1,259 | 1,162 | |||||||||
| Cash & Cash Equivalents | CZK mil | 6.73 | 18.0 | 7.75 | 8.04 | 13.4 | |||||||||
| Total Assets | CZK mil | 3,933 | 4,268 | 4,820 | 5,428 | 5,849 | |||||||||
| Shareholders' Equity | CZK mil | 896 | 973 | 1,042 | 1,025 | 965 | |||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | CZK mil | 3,037 | 3,296 | 3,778 | 4,403 | 4,884 | |||||||||
| Non-Current Liabilities | CZK mil | 1,321 | 1,279 | 1,303 | 708 | 1,321 | |||||||||
| Long-Term Debt | CZK mil | 1,291 | 1,245 | 1,255 | 618 | 1,207 | |||||||||
| Deferred Tax Liabilities | CZK mil | 29.6 | 34.0 | 47.7 | 90.3 | 114 | |||||||||
| Current Liabilities | CZK mil | 1,229 | 1,788 | 2,224 | 3,518 | 3,392 | |||||||||
| Short-Term Debt | CZK mil | 500 | 515 | 661 | 1,836 | 1,242 | |||||||||
| Trade Payables | CZK mil | 649 | 679 | 824 | 838 | 1,027 | |||||||||
| Provisions | CZK mil | 152 | 228 | 227 | 146 | 171 | |||||||||
| Equity And Liabilities | CZK mil | 3,933 | 4,268 | 4,820 | 5,428 | 5,849 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | 2.71 | 8.53 | 12.9 | 12.6 | 7.74 | ||||||||
| Shareholders' Equity Growth | % | ... | 41.8 | 8.61 | 7.13 | -1.64 | -5.86 | ||||||||
| Net Debt Growth | % | ... | -12.6 | -2.37 | 9.52 | 28.1 | -0.359 | ||||||||
| Total Debt Growth | % | ... | ... | -13.0 | -1.73 | 8.84 | 28.0 | -0.139 | |||||||
| ratios | |||||||||||||||
| Total Debt | CZK mil | 1,792 | 1,761 | 1,916 | 2,453 | 2,450 | |||||||||
| Net Debt | CZK mil | 1,785 | 1,743 | 1,909 | 2,445 | 2,436 | |||||||||
| Working Capital | CZK mil | 709 | 911 | 1,090 | 1,172 | 1,054 | |||||||||
| Capital Employed | CZK mil | 3,098 | 3,331 | 3,640 | 4,026 | 4,015 | |||||||||
| Net Debt/Equity | 1.99 | 1.79 | 1.83 | 2.39 | 2.53 | ||||||||||
| Cost of Financing | % | ... | -4.66 | -6.86 | 4.70 | 10.5 | 16.5 |
| cash flow | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||||||||
| Net Profit | CZK mil | 264 | 77.1 | 69.3 | -17.1 | -60.1 | |||||||||
| Depreciation | CZK mil | 319 | 303 | 332 | 388 | 434 | |||||||||
| Non-Cash Items | CZK mil | ... | -94.9 | 164 | -25.9 | -169 | 176 | ||||||||
| Change in Working Capital | CZK mil | ... | -191 | -202 | -178 | -82.6 | 118 | ||||||||
| Total Cash From Operations | CZK mil | 298 | 343 | 197 | 120 | 668 | |||||||||
| Capital Expenditures | CZK mil | -176 | -331 | -408 | -630 | -591 | |||||||||
| Other Investments | CZK mil | 34.5 | 12.6 | 15.9 | 60.2 | 98.6 | |||||||||
| Total Cash From Investing | CZK mil | -142 | -319 | -392 | -570 | -493 | |||||||||
| Issuance Of Debt | CZK mil | ... | -268 | -31.0 | 156 | 537 | -3.40 | ||||||||
| Total Cash From Financing | CZK mil | -166 | -12.6 | 185 | 450 | -170 | |||||||||
| Net Change In Cash | CZK mil | -10.2 | 11.3 | -10.3 | 0.292 | 5.37 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | ... | 41.0 | 44.5 | 44.9 | 53.3 | 40.5 | ||||||||
| Days Sales Of Inventory | days | 42.4 | 46.6 | 44.0 | 37.3 | 37.4 | |||||||||
| Days Payable Outstanding | days | 44.4 | 41.9 | 41.0 | 41.6 | 41.8 | |||||||||
| Cash Conversion Cycle | days | ... | 39.1 | 49.3 | 47.9 | 49.0 | 36.1 | ||||||||
| Cash Earnings | CZK mil | 583 | 381 | 401 | 371 | 374 | |||||||||
| Free Cash Flow | CZK mil | 156 | 23.9 | -196 | -450 | 175 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||||||||
| ROA | % | 6.80 | 1.88 | 1.53 | -0.334 | -1.07 | |||||||||
| Gross Margin | % | ... | 18.6 | 13.6 | 12.4 | 14.8 | 14.4 | ||||||||
| Employees | ... | 1,435 | 1,373 | 1,487 | 1,555 | 1,573 | |||||||||
| Cost Per Employee | USD per month | ... | 1,892 | 1,966 | 2,139 | 2,010 | 2,086 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | 36,057 | 37,581 | 37,827 | 39,320 | 40,818 | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | 9.74 | 9.00 | 8.23 | 8.77 | 7.62 | ||||||||
| Effective Tax Rate | % | 4.20 | 5.45 | 16.4 | 167 | -63.2 | |||||||||
| Domestic Sales | CZK mil | ... | 249 | 374 | 412 | 368 | 682 | ||||||||
| Capital Expenditures (As % of Sales) | % | ... | 2.69 | 4.84 | 4.88 | 7.30 | 5.64 | ||||||||
| Revenues From Abroad | CZK mil | ... | 6,133 | 6,256 | 7,313 | 7,390 | 8,795 | ||||||||
| Revenues From Abroad (As % Of Total) | % | ... | 93.5 | 91.4 | 87.3 | 85.7 | 83.9 | ||||||||
| Sales of Tools | CZK mil | ... | 62.0 | 13.0 | 74.0 | 273 | 155 | ||||||||
| Sales of Goods | CZK mil | ... | ... | ... | ... | ... | 92.0 | 96.0 | 455 | 554 | 848 | ||||
| Sales of Air-Conditioning Units | CZK mil | ... | 6,006 | 5,204 | 6,518 | 6,300 | 7,768 | ||||||||
| Sales of Cooling & Condensing Units | CZK mil | ... | ... | 376 | 1,426 | 1,207 | 1,457 | 1,697 |
Get all company financials in excel:
DENSO Manufacturing Czech is a Czech Republic-based producer of air-conditioners and their parts for Toyota,VW, Audi, Skoda, Lamborghini, Mercedes-Benz, BMW, Suzuki and other car companies. The Company was established in 2001 and is located in Liberec, in the north of Bohemia. It is a subsidiary of DENSO Corporation, which is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan. DENSO is a member of the Toyota Group of companies, which is a leading supplier of advanced automotive technology, systems and components for all the world's major automakers. The Company operates in more than 30 countries and regions, employes approximately 130,000 people and the global consolidated sales totaled USD 38.1 bil for fiscal year ended March 31, 2013
Denso Manufacturing Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 34% a year during that time to total of CZK 1,137 mil in 2015, or 9.19% of sales. That’s compared to 8.16% average margin seen in last five years.
The company netted CZK 623 mil in 2015 implying ROE of 32.9% and ROCE of 13.5%. Again, the average figures were 16.1% and 5.62%, respectively when looking at the previous 5 years.
Denso Manufacturing Czech Republic’s net debt amounted to CZK 1,692 mil at the end of 2015, or 0.768 of equity. When compared to EBITDA, net debt was 1.49x, down when compared to average of 2.80x seen in the last 5 years.
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