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ARABIAN STEEL PIPES MANUFACTURING Financial

Trading Information in the Regular Market

2021 2020 2019
Par Value/Share (JD) 1.00 1.00 1.00
Closing Price (JD) 0.78 0.66 0.74
Value Traded (JD) 298,545 85,526 491,350
No. of Shares Traded 453,356 133,209 689,114
No. of Transactions 426 248 315
No. of Subscribed Shares 9,000,000 9,000,000 9,000,000
Market Capitalization (JD) 7,020,000 5,940,000 6,660,000
Fiscal Year Ended 31/12/2021 31/12/2020 31/12/2019

Assets (JD)

2021 2020 2019
Cash on Hand & at Banks 1,018,376 1,411,960 514,624
Notes Receivable 0 0 0
Post Dated Cheques 380,309 455,729 466,945
Short Term Investments 0 0 0
Inventory 6,215,707 7,626,912 8,734,500
Spare Parts 0 0 0
Total Current Assets 10,284,549 11,437,366 12,623,949
Long Term Investments 909,247 824,606 966,508
Fixed Assets, Net 2,526,264 2,827,468 2,924,188
Lands 927,462 927,462 927,462
Projects in Progress 0 0 137,987
Total Fixed Assets 3,453,726 3,754,930 3,989,637
Other Assets 16 16 4,475
Total Assets 14,647,538 16,016,918 17,584,569

Liabilities (JD)

2021 2020 2019
Credit Banks 0 0 0
Short Term Loans 0 0 0
Current Part of Long Term Loans 0 0 0
Total Current Liabilities 1,558,352 3,535,782 4,380,436
Long Term Loans & Notes Payable 0 154,598 101,526
Corporate Bonds 0 0 0
Other Liabilities 0 0 0
Total Liabilities 1,558,352 3,690,380 4,481,962

Shareholders Equity (JD)

2021 2020 2019
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 360,000 0 0
Stock Dividends 0 0 0
Accumulated Change in Fair Value 242,742 130,626 25,253
Retained Earnings 174,941 -115,591 765,851
Total Shareholders Equity 13,089,186 12,326,538 13,102,607
Non-controlling Interest 0 0 0
Total Liabilities & Shareholders Equity 14,647,538 16,016,918 17,584,569

Income Statement (JD)

2021 2020 2019
Operating Revenues 7,952,906 5,968,678 10,046,773
Operating Expenses 6,887,016 5,928,161 8,934,364
Gross Profit 1,065,890 40,517 1,112,409
General and Administrative Expenses 414,023 398,025 421,756
Selling and Distribution Expenses 162,987 211,183 524,903
Depreciation (Period) 342,777 341,678 329,715
Other Operating Expenses 5,786 323,856 0
Net Operating Income 483,094 -892,547 165,750
Other Revenues 294,069 161,839 237,982
Other Expenses 0 0 0
Income Before Interest & Tax 777,163 -730,708 403,732
Interest Expenses 102,813 109,996 154,830
Net Income Before Tax 674,350 -840,704 248,902
Income Tax (Period) 28,055 0 5,038
Income Tax (Previous Years) 0 0 0
Universities and Research Train Fees 0 0 0
Board of Directors Remuniration 35,000 0 24,272
Net Income 611,295 -840,704 219,592
Non-controlling Interest 0 0 0
Net Income Pertains to Shareholders 611,295 -840,704 219,592

Cash Flow (JD)

2021 2020 2019
Cash Balance (Beginning) 1,251,960 454,624 794,734
Net Cash Flow from (Used in) Operating Activities 1,879,699 1,211,048 -842,989
Net Cash Flow from (Used in) Investing Activities -555,923 20,648 -249,811
Net Cash Flow from (Used in) Financing Activities -2,307,360 -434,360 752,690
Cash Balance (Ending) 268,376 1,251,960 454,624

Financial Ratios

2021 2020 2019
Turnover Ratio % 5.037 1.480 7.657
Earning Per Share (JD) 0.068 -0.093 0.024
Dividend Per Share (JD) 0.040 0.000 0.000
Book Value Per Share (JD) 1.454 1.370 1.456
Price Earnings Ratio (Times) 11.484 -7.066 30.329
Dividend Yield % 5.128 0.000 0.000
Dividend Per Share to Earning Per Share % 58.891 0.000 0.000
Price to Book Value (Times) 0.536 0.482 0.508
Gross Margin % 13.403 0.679 11.072
Margin Before Interest and Tax % 9.772 -12.242 4.019
Profit Margin % 7.686 -14.085 2.186
Return On Assets % 4.173 -5.249 1.249
Return On Equity % 4.670 -6.820 1.676
Debt Ratio % 10.639 23.041 25.488
Equity Ratio % 89.361 76.960 74.512
Interest Coverage Ratio (Times) 7.559 -6.643 2.608
Total Assets Turnover (Times) 0.543 0.373 0.571
Fixed Assets Turnover (Times) 2.303 1.590 2.518
Working Capital Turnover (Times) 0.911 0.755 1.219
Current Ratio (Times) 6.600 3.235 2.882
Working Capital (JD) 8,726,197.000 7,901,584.000 8,243,513.000