By Helgi Library - September 19, 2020
Koito Czech employed 1,301 employees in 2019, up 6.2% compared to the previous year. Historically, between 2006 and 201...
By Helgi Library - September 19, 2020
Koito Czech made a net profit of CZK 285 mil in 2019, down 21.7% compared to the previous year. Total sales reached CZK 4,971 mil, ...
By Helgi Library - September 19, 2020
Koito Czech made a net profit of CZK 285 mil with revenues of CZK 4,971 mil in 2019, down by 21.7% and down by 4.75%, respec...
| Profit Statement | 2017 | 2018 | 2019 | |
| Sales | CZK mil | 5,083 | 5,219 | 4,971 |
| Gross Profit | CZK mil | 1,376 | 1,777 | 1,659 |
| EBITDA | CZK mil | 733 | 589 | 532 |
| EBIT | CZK mil | 623 | 450 | 370 |
| Pre-Tax Profit | CZK mil | 570 | 455 | 363 |
| Net Profit | CZK mil | 469 | 364 | 285 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Total Assets | CZK mil | 3,457 | 3,803 | 4,065 |
| Non-Current Assets | CZK mil | 1,041 | 1,343 | 2,537 |
| Current Assets | CZK mil | 2,184 | 2,272 | 1,319 |
| Working Capital | CZK mil | 653 | 708 | 570 |
| Shareholders' Equity | CZK mil | 2,711 | 3,075 | 3,361 |
| Liabilities | CZK mil | 746 | 727 | 704 |
| Total Debt | CZK mil | 0 | 55.6 | 0 |
| Net Debt | CZK mil | -1,032 | -1,041 | -192 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 18.9 | 12.6 | 8.86 |
| ROCE | % | 29.6 | 19.5 | 11.1 |
| Gross Margin | % | 27.1 | 34.1 | 33.4 |
| EBITDA Margin | % | 14.4 | 11.3 | 10.7 |
| EBIT Margin | % | 12.3 | 8.62 | 7.45 |
| Net Margin | % | 9.23 | 6.98 | 5.74 |
| Net Debt/EBITDA | -1.41 | -1.77 | -0.360 | |
| Net Debt/Equity | % | -38.1 | -33.9 | -5.70 |
| Cash Flow | 2017 | 2018 | 2019 | |
| Total Cash From Operations | CZK mil | 369 | 510 | 543 |
| Total Cash From Investing | CZK mil | -141 | -445 | -1,449 |
| Total Cash From Financing | CZK mil | 0 | 0 | 0 |
| Net Change In Cash | CZK mil | 228 | 65.3 | -905 |
| Cash Conversion Cycle | days | 45.4 | 48.8 | 36.4 |
| Cash Earnings | CZK mil | 579 | 503 | 447 |
| Free Cash Flow | CZK mil | 228 | 65.3 | -905 |
Get all company financials in excel:
| overview | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||
| Sales | CZK mil | 1,552 | 3,213 | 3,940 | 4,192 | 5,083 | |||||||||
| Gross Profit | CZK mil | 387 | 817 | 1,149 | 1,231 | 1,376 | |||||||||
| EBIT | CZK mil | 109 | 402 | 675 | 678 | 623 | |||||||||
| Net Profit | CZK mil | 44.7 | 347 | 653 | 538 | 469 | |||||||||
| ROE | % | 6.57 | 39.6 | 47.4 | 27.2 | 18.9 | |||||||||
| EBIT Margin | % | 7.02 | 12.5 | 17.1 | 16.2 | 12.3 | |||||||||
| Net Margin | % | 2.88 | 10.8 | 16.6 | 12.8 | 9.23 | |||||||||
| Employees | 559 | 726 | 807 | 891 | 956 | ||||||||||
| balance sheet | |||||||||||||||
| Total Assets | CZK mil | 1,708 | 1,960 | 2,224 | 2,962 | 3,457 | |||||||||
| Non-Current Assets | CZK mil | 875 | 847 | 843 | 942 | 1,041 | |||||||||
| Current Assets | CZK mil | 757 | 1,004 | 1,202 | 1,830 | 2,184 | |||||||||
| Shareholders' Equity | CZK mil | 703 | 1,051 | 1,704 | 2,242 | 2,711 | |||||||||
| Liabilities | CZK mil | 1,005 | 909 | 520 | 720 | 746 | |||||||||
| Non-Current Liabilities | CZK mil | 0 | 0 | 0 | 12.4 | 13.9 | |||||||||
| Current Liabilities | CZK mil | 1,004 | 909 | 518 | 596 | 630 | |||||||||
| Net Debt/EBITDA | 3.17 | 0.827 | -0.363 | -1.02 | -1.41 | ||||||||||
| Net Debt/Equity | % | 87.6 | 39.4 | -16.6 | -35.8 | -38.1 | |||||||||
| cash flow | |||||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 369 | ||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -141 | ||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 228 |
| income statement | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||
| Sales | CZK mil | 1,552 | 3,213 | 3,940 | 4,192 | 5,083 | |||||||||
| Cost of Goods & Services | CZK mil | 1,166 | 2,396 | 2,792 | 2,962 | 3,707 | |||||||||
| Gross Profit | CZK mil | 387 | 817 | 1,149 | 1,231 | 1,376 | |||||||||
| Staff Cost | CZK mil | 212 | 291 | 384 | 475 | 574 | |||||||||
| Other Operating Cost (Income) | CZK mil | -19.5 | 25.7 | -12.6 | -28.1 | 69.2 | |||||||||
| EBITDA | CZK mil | 194 | 500 | 778 | 784 | 733 | |||||||||
| Depreciation | CZK mil | 85.5 | 98.4 | 103 | 105 | 110 | |||||||||
| EBIT | CZK mil | 109 | 402 | 675 | 678 | 623 | |||||||||
| Net Financing Cost | CZK mil | 48.0 | 19.6 | -9.23 | 12.2 | 52.6 | |||||||||
| Extraordinary Cost | CZK mil | 4.33 | 3.89 | -0.460 | 0 | 0 | |||||||||
| Pre-Tax Profit | CZK mil | 56.6 | 378 | 685 | 666 | 570 | |||||||||
| Tax | CZK mil | -11.9 | 0 | 0 | 129 | 101 | |||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ... | ... | |||||||
| Net Profit | CZK mil | 44.7 | 347 | 653 | 538 | 469 | |||||||||
| Net Profit Avail. to Common | CZK mil | 44.7 | 347 | 653 | 538 | 469 | |||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | -17.9 | 107 | 22.7 | 6.40 | 21.2 | ||||||||
| Staff Cost Growth | % | ... | -7.75 | 37.4 | 31.9 | 23.8 | 20.7 | ||||||||
| EBITDA Growth | % | ... | -2,405 | 157 | 55.5 | 0.771 | -6.47 | ||||||||
| EBIT Growth | % | ... | -219 | 269 | 68.0 | 0.477 | -8.17 | ||||||||
| Pre-Tax Profit Growth | % | ... | -153 | 568 | 81.0 | -2.72 | -14.4 | ||||||||
| Net Profit Growth | % | ... | -146 | 677 | 88.1 | -17.7 | -12.7 | ||||||||
| ratios | |||||||||||||||
| ROE | % | 6.57 | 39.6 | 47.4 | 27.2 | 18.9 | |||||||||
| ROA | % | 2.78 | 18.9 | 31.2 | 20.7 | 14.6 | |||||||||
| ROCE | % | ... | 3.59 | 25.7 | 47.4 | 38.4 | 29.6 | ||||||||
| Gross Margin | % | 24.9 | 25.4 | 29.2 | 29.4 | 27.1 | |||||||||
| EBITDA Margin | % | 12.5 | 15.6 | 19.7 | 18.7 | 14.4 | |||||||||
| EBIT Margin | % | 7.02 | 12.5 | 17.1 | 16.2 | 12.3 | |||||||||
| Net Margin | % | 2.88 | 10.8 | 16.6 | 12.8 | 9.23 | |||||||||
| Net Debt/EBITDA | 3.17 | 0.827 | -0.363 | -1.02 | -1.41 |
| balance sheet | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | |||||||||||||||
| Cash & Cash Equivalents | CZK mil | 0.347 | 0.700 | 282 | 803 | 1,032 | |||||||||
| Receivables | CZK mil | 298 | 609 | 554 | 625 | 708 | |||||||||
| Inventories | CZK mil | 394 | 359 | 360 | 402 | 445 | |||||||||
| Other ST Assets | CZK mil | 65.5 | 35.5 | 6.36 | 0 | 0 | |||||||||
| Current Assets | CZK mil | 757 | 1,004 | 1,202 | 1,830 | 2,184 | |||||||||
| Property, Plant & Equipment | CZK mil | 873 | 845 | 841 | 938 | 1,036 | |||||||||
| LT Investments & Receivables | CZK mil | 1.11 | 1.11 | < -0.001 | 0 | < 0.001 | |||||||||
| Intangible Assets | CZK mil | 0.577 | 1.23 | 1.92 | 4.00 | 4.42 | |||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Non-Current Assets | CZK mil | 875 | 847 | 843 | 942 | 1,041 | |||||||||
| Total Assets | CZK mil | 1,708 | 1,960 | 2,224 | 2,962 | 3,457 | |||||||||
| Trade Payables | CZK mil | 301 | 380 | 437 | 489 | 500 | |||||||||
| Short-Term Debt | CZK mil | 617 | 416 | 0 | 0 | 0 | |||||||||
| Other ST Liabilities | CZK mil | 86.2 | 114 | 81.8 | 107 | 130 | |||||||||
| Current Liabilities | CZK mil | 1,004 | 909 | 518 | 596 | 630 | |||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Other LT Liabilities | CZK mil | 0 | 0 | 0 | 12.4 | 13.9 | |||||||||
| Non-Current Liabilities | CZK mil | 0 | 0 | 0 | 12.4 | 13.9 | |||||||||
| Liabilities | CZK mil | 1,005 | 909 | 520 | 720 | 746 | |||||||||
| Equity Before Minority Interest | CZK mil | 703 | 1,051 | 1,704 | 2,242 | 2,711 | |||||||||
| Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Equity | CZK mil | 703 | 1,051 | 1,704 | 2,242 | 2,711 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | 13.0 | 14.8 | 13.5 | 33.2 | 16.7 | ||||||||
| Shareholders' Equity Growth | % | ... | 6.79 | 49.4 | 62.2 | 31.5 | 20.9 | ||||||||
| Net Debt Growth | % | ... | 4.52 | -32.8 | -168 | 184 | 28.5 | ||||||||
| Total Debt Growth | % | ... | 4.53 | -32.7 | -100 | ... | ... | ... | |||||||
| ratios | |||||||||||||||
| Total Debt | CZK mil | 617 | 416 | 0 | 0 | 0 | |||||||||
| Net Debt | CZK mil | 616 | 414 | -282 | -803 | -1,032 | |||||||||
| Working Capital | CZK mil | 391 | 588 | 477 | 539 | 653 | |||||||||
| Capital Employed | CZK mil | 1,266 | 1,435 | 1,320 | 1,481 | 1,693 | |||||||||
| Net Debt/Equity | % | 87.6 | 39.4 | -16.6 | -35.8 | -38.1 | |||||||||
| Current Ratio | 0.754 | 1.10 | 2.32 | 3.07 | 3.47 | ||||||||||
| Quick Ratio | 0.297 | 0.670 | 1.61 | 2.40 | 2.76 |
| cash flow | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| cash flow | |||||||||||||||
| Net Profit | CZK mil | 44.7 | 347 | 653 | 538 | 469 | |||||||||
| Depreciation | CZK mil | 85.5 | 98.4 | 103 | 105 | 110 | |||||||||
| Non-Cash Items | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -95.9 | ||
| Change in Working Capital | CZK mil | ... | 79.0 | -197 | 111 | -61.7 | -114 | ||||||||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 369 | ||
| Capital Expenditures | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -462 | ||
| Other Investing Activities | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 321 | ||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | -141 | ||
| Issuance Of Debt | CZK mil | ... | 26.8 | -202 | -416 | 0 | 0 | ||||||||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 0 | ||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 228 | ||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | 70.0 | 69.2 | 51.3 | 54.4 | 50.8 | |||||||||
| Days Sales Of Inventory | days | 123 | 54.7 | 47.0 | 49.6 | 43.8 | |||||||||
| Days Payable Outstanding | days | 94.1 | 57.9 | 57.1 | 60.2 | 49.2 | |||||||||
| Cash Conversion Cycle | days | 99.2 | 65.9 | 41.3 | 43.8 | 45.4 | |||||||||
| Cash Earnings | CZK mil | 130 | 446 | 756 | 643 | 579 | |||||||||
| Free Cash Flow | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 228 | ||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.08 |
| other ratios | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Employees | 559 | 726 | 807 | 891 | 956 | ||||||||||
| Cost Per Employee | USD per month | 1,612 | 1,562 | 1,660 | 1,761 | 2,130 | |||||||||
| Cost Per Employee (Local Currency) | CZK per month | 31,541 | 33,377 | 39,613 | 44,423 | 49,992 | |||||||||
| Staff Cost (As % of Sales) | % | 13.6 | 9.05 | 9.74 | 11.3 | 11.3 | |||||||||
| Effective Tax Rate | % | -21.0 | 0 | 0 | 19.3 | 17.7 | |||||||||
| Total Revenue Growth (5-year average) | % | ... | ... | ... | ... | ... | 10.6 | 17.7 | 21.1 | 18.8 | 21.9 | ||||
| Total Revenue Growth (10-year average) | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 11.7 | 15.8 |
Get all company financials in excel:
By Helgi Library - September 19, 2020
Koito Czech's total assets reached CZK 4,065 mil at the end of 2019, up 6.89% compared to the previous year. Current assets amounted to CZK 1,319 mil, or 32.4% of total assets while cash stood at CZK 192 mil at the end of 2019. ...
By Helgi Library - September 19, 2020
Koito Czech made a net profit of CZK 285 mil in 2019, down 21.7% compared to the previous year. Historically, between 2006 and 2019, the company's net profit reached a high of CZK 653 mil in 2015 and a low of CZK -505 mil in 2008. The result implies a ret...
By Helgi Library - September 19, 2020
Koito Czech's net debt stood at CZK -192 mil and accounted for -5.70% of equity at the end of 2019. The ratio is up 28.2 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 378% in 2010 and a low of ...
Koito Czech is a Czech Republic-based Company which was established in 2002 and started its production in Žatec in 2002. The Company is a subsidiary of Koito Group, which produces lighting equipment for cars, ships, aircraft and for rail transport including electronical parts and bulbs. Koito Group occupies a fifth of the world automotive lighting market. Koito Manufacturing Ltd. with headquarters in Japan has production plants and branch offices in Asia, in America and in Europe.
Koito Czech has been growing its sales by 9.12% a year on average in the last 5 years. EBITDA has grown on average by 1.25% a year during that time to total of CZK 532 mil in 2019, or 10.7% of sales. That’s compared to 15.0% average margin seen in last five years.
The company netted CZK 285 mil in 2019 implying ROE of 8.86% and ROCE of 11.1%. Again, the average figures were 23.0% and 29.2%, respectively when looking at the previous 5 years.
Koito Czech’s net debt amounted to CZK -192 mil at the end of 2019, or -5.70% of equity. When compared to EBITDA, net debt was -0.360x, up when compared to average of -0.985x seen in the last 5 years.
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