Malayan United Industries Bhd
Malayan United Industries Bhd, has been disposing its Fixed Assets especially, Property, Plant and Equipment since 2002, perhaps earlier, but not in 2010 and 2011. Net profit before taxation has been improving lately 3 years as compares to previously mostly achieve Net Loss yearly.
One formula has been introduced during the process of analyzing, is Gross Profit Over Total Borrowings. In 2002, it needs 10 years from the business to solve the borrowings, while in 2011, it needs just 4.35 years. This formula is very strict indeed, and even stricter when we put Net Profit over Total Borrowings.
As in summary, the Group is having the process of slimming down periods that already taken 9 years. The things must know when it stops slimming...
a) Total borrowings continue to reduce
b) Trade receivables turnover reduce
|Current Assets more than Fixed Assets||No|
|Current Ratio more than 1.50||No|
|Net Profit before Tax||Yes|
|Fast Cash Flow Positive||No|
|Deposits, bank balances and cash over Current Assets||43%|
|Insurance contract liabilities over Current Liabilities||41%|
|Biggest Turnover (Creditors)||2.31 months|
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