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READY MIX CONCRTE AND CONSTRUCTION SUPPLIES Financial

Trading Information in the Regular Market

2020 2019 2018
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.34 0.38 0.53
Value Traded (JD) 661,863 2,114,758 6,509,597
No. of Shares Traded 2,000,104 4,377,348 7,446,593
No. of Transactions 1,006 2,461 4,013
No. of Subscribed Shares 25,000,000 25,000,000 25,000,000
Market Capitalization (JD) 8,500,000 9,500,000 13,250,000
Fiscal Year Ended 31/12/2020 31/12/2019 31/12/2018

Assets (JD)

2020 2019 2018
Cash on Hand & at Banks 550,347 209,300 58,897
Notes Receivable 0 0 0
Short Term Investments 26,530 32,409 32,044
Inventory 603,353 585,306 1,234,131
Spare Parts 322,182 462,624 0
Total Current Assets 17,631,925 22,182,594 23,943,715
Long Term Investments 22,789,686 26,381,297 26,260,686
Fixed Assets, Net 8,246,686 8,849,423 10,248,699
Lands 5,510,491 5,486,074 5,311,074
Projects in Progress 39,742 337,581 11,621
Total Fixed Assets 13,796,919 14,673,078 15,571,394
Other Assets 200,348 0 770,342
Total Assets 54,418,878 63,236,969 66,546,137

Liabilities (JD)

2020 2019 2018
Credit Banks 8,019,177 9,337,480 9,800,714
Short Term Loans 0 0 0
Accrued Part of Long Term Loans 600,000 837,503 2,199,996
Total Current Liabilities 27,265,460 34,206,506 33,329,374
Long Term Loans & Notes Payable 2,756,299 0 600,000
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 30,021,759 34,206,506 33,929,374

Shareholders Equity (JD)

2020 2019 2018
Authorized Capital 25,000,000 25,000,000 25,000,000
Subscribed Capital 25,000,000 25,000,000 25,000,000
Paid in Capital 25,000,000 25,000,000 25,000,000
Compulsory Reserves 2,958,961 2,958,425 2,958,425
Voluntary Reserve 2,705,172 2,705,172 2,705,172
Other Reserves 0 0 0
Issuance Premium 1,600,000 1,600,000 1,600,000
Issuance Discount 0 0 0
Treasury Stocks 0 0 0
Cash Dividends 0 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value -402,393 -376,321 -357,783
Retained Earnings -7,464,621 -2,856,813 710,949
Total Shareholders Equity 24,397,119 29,030,463 32,616,763
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 54,418,878 63,236,969 66,546,137

Income Statement (JD)

2020 2019 2018
Operating Revenues 22,375,284 30,953,855 33,774,087
Operating Expenses 20,056,532 30,598,403 30,044,773
Gross Profit 2,318,752 355,452 3,729,314
General and Administrative Expenses 2,917,744 2,750,983 2,616,226
Selling and Distribution Expenses 0 0 0
Depreciation (Period) 1,250,401 1,712,715 1,748,980
Other Operating Expenses 0 0 0
Net Operating Income -598,992 -2,395,531 1,113,088
Other Revenues 330,612 577,137 387,218
Other Expenses 3,206,793 299,327 0
Income Before Interest & Tax -3,475,173 -2,117,721 1,500,306
Interest Expenses 979,363 1,428,945 1,137,848
Net Income Before Tax -4,454,536 -3,546,666 362,458
Income Tax (Period) 80,110 17,303 172,992
Income Tax (Previous Years) 72,626 3,394 46,911
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 0 0 0
Net Income -4,607,272 -3,567,363 142,555
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders -4,607,272 -3,567,363 142,555

Cash Flow (JD)

2020 2019 2018
Cash Balance (Beginning) 209,300 58,897 186,374
Net Cash Flow from (Used in) Operating Activities -911,638 6,313,165 -3,508,045
Net Cash Flow from (Used in) Investing Activities 52,192 -1,170,514 -2,044,263
Net Cash Flow from (Used in) Financing Activities 1,200,493 -4,992,248 5,424,831
Cash Balance (Ending) 550,347 209,300 58,897

Financial Ratios

2020 2019 2018
Turnover Ratio % 8.000 17.509 29.786
Earning Per Share (JD) -0.184 -0.143 0.006
Dividend Per Share (JD) 0.000 0.000 0.000
Book Value Per Share (JD) 0.976 1.161 1.305
Price Earnings Ratio (Times) -1.845 -2.663 92.947
Dividend Yield % 0.000 0.000 0.000
Dividend Per Share to Earning Per Share % 0.000 0.000 0.000
Price to Book Value (Times) 0.348 0.327 0.406
Gross Margin % 10.363 1.148 11.042
Margin Before Interest and Tax % -15.531 -6.842 4.442
Profit Margin % -20.591 -11.525 0.422
Return On Assets % -8.466 -5.641 0.214
Return On Equity % -18.885 -12.288 0.437
Debt Ratio % 55.168 54.093 50.986
Equity Ratio % 44.832 45.907 49.014
Interest Coverage Ratio (Times) -3.548 -1.482 1.319
Total Assets Turnover (Times) 0.411 0.490 0.508
Fixed Assets Turnover (Times) 1.622 2.110 2.169
Working Capital Turnover (Times) -2.323 -2.574 -3.599
Current Ratio (Times) 0.647 0.649 0.718
Working Capital (JD) -9,633,535.000 -12,023,912.000 -9,385,659.000