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ARABIAN STEEL PIPES MANUFACTURING Financial

Trading Information

2019 2018 2017
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.74 0.93 1.16
Value Traded (JD) 491,350 1,122,191 452,360
No. of Shares Traded 689,114 1,151,191 385,358
No. of Transactions 315 258 1,172
No. of Subscribed Shares 9,000,000 9,000,000 9,000,000
Market Capitalization (JD) 6,660,000 8,370,000 10,440,000
Fiscal Year Ended 31/12/2019 31/12/2018 31/12/2017

Assets (JD)

2019 2018 2017
Cash on Hand & at Banks 514,624 1,194,734 1,389,919
Notes Receivable 0 0 0
Post Dated Cheques 466,945 401,447 118,000
Short Term Investments 0 0 0
Inventory 8,734,500 8,201,419 6,640,966
Spare Parts 0 0 0
Total Current Assets 12,623,949 11,796,286 12,148,066
Long Term Investments 966,508 890,366 1,028,090
Fixed Assets, Net 2,924,188 3,127,710 2,985,989
Lands 927,462 927,462 927,462
Projects in Progress 137,987 0 59,139
Total Fixed Assets 3,989,637 4,055,172 3,972,590
Other Assets 4,475 5,345 13,727
Total Assets 17,584,569 16,747,169 17,162,473

Liabilities (JD)

2019 2018 2017
Credit Banks 0 0 0
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 0 0 0
Total Current Liabilities 4,380,436 3,261,273 3,085,835
Long Term Loans & Notes Payable 101,526 211,523 0
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 4,481,962 3,472,796 3,085,835

Shareholders Equity (JD)

2019 2018 2017
Authorized Capital 9,000,000 9,000,000 9,000,000
Subscribed Capital 9,000,000 9,000,000 9,000,000
Paid in Capital 9,000,000 9,000,000 9,000,000
Compulsory Reserves 2,250,000 2,250,000 2,250,000
Voluntary Reserve 1,061,503 1,061,503 1,061,503
Other Reserves 0 0 0
Issuance Premium 0 0 0
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 450,000 540,000
Stock Dividends 0 0 0
Accumulated Change in Fair Value 25,253 -50,889 86,835
Retained Earnings 765,851 563,759 1,138,300
Total Shareholders Equity 13,102,607 13,274,373 14,076,638
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 17,584,569 16,747,169 17,162,473

Income Statement (JD)

2019 2018 2017
Operating Revenues 10,046,773 6,846,614 8,408,484
Operating Expenses 8,934,364 5,786,825 6,699,946
Gross Profit 1,112,409 1,059,789 1,708,538
General and Administrative Expenses 421,756 415,125 406,194
Selling and Distribution Expenses 524,903 208,035 247,695
Depreciation (Period) 329,715 321,458 305,419
Other Operating Expenses 0 16,974 35,000
Net Operating Income 165,750 419,655 1,019,649
Other Revenues 237,982 138,188 51,484
Other Expenses 0 0 0
Income Before Interest & Tax 403,732 557,843 1,071,133
Interest Expenses 154,830 110,607 124,610
Net Income Before Tax 248,902 447,236 946,523
Income Tax (Period) 5,038 21,757 42,606
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 24,272 34,329 34,014
Net Income 219,592 391,150 869,903
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 219,592 391,150 869,903

Cash Flow (JD)

2019 2018 2017
Cash Balance (Beginning) 1,194,734 1,389,919 972,858
Net Cash Flow from (Used in) Operating Activities -1,182,989 616,067 1,051,916
Net Cash Flow from (Used in) Investing Activities -249,811 -402,798 -332,048
Net Cash Flow from (Used in) Financing Activities 752,690 -408,453 -302,807
Cash Balance (Ending) 514,624 1,194,735 1,389,919

Financial Ratios

2019 2018 2017
Turnover Ratio % 7.657 12.791 4.282
Earning Per Share (JD) 0.024 0.044 0.097
Dividend Per Share (JD) 0.000 0.050 0.060
Book Value Per Share (JD) 1.456 1.475 1.564
Price Earnings Ratio (Times) 30.329 21.398 12.001
Dividend Yield % 0.000 5.376 5.172
Dividend Per Share to Earning Per Share % 0.000 115.045 62.076
Price to Book Value (Times) 0.508 0.631 0.742
Gross Margin % 11.072 15.479 20.319
Margin Before Interest and Tax % 4.019 8.148 12.739
Profit Margin % 2.186 5.713 10.346
Return On Assets % 1.249 2.336 5.069
Return On Equity % 1.676 2.947 6.180
Debt Ratio % 25.488 20.737 17.980
Equity Ratio % 74.512 79.263 82.020
Interest Coverage Ratio (Times) 2.608 5.044 8.596
Total Assets Turnover (Times) 0.571 0.409 0.490
Fixed Assets Turnover (Times) 2.518 1.688 2.117
Working Capital Turnover (Times) 1.219 0.802 0.928
Current Ratio (Times) 2.882 3.617 3.937
Working Capital (JD) 8,243,513.000 8,535,013.000 9,062,231.000