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Introduction
about the Jabal Omar Company
Jabal Omar Development Company is involved in the real
estate business in the Saudi Arabia. Its market capital is $16.9 billion. It
start its performance since 2007. Its headquarter establish in the Makkah. On
the Jabal Omar are, it develops, manages, construct operates and rent out real
estate properties. Further the company also engages in the demolishing,
maintenance investment and real estate development according to its
requirements. The performance of the company is very well and it generate high
revenue because of its excellent work and having great skills in the
construction area.
Horizontal analysis:
|
|
2018 |
2017 |
|
|
total revenue |
1962644 |
1479942 |
33% |
|
cost of revenue |
1164807 |
748450 |
56% |
|
gross profit |
797837 |
731492 |
9% |
|
operating expenses |
262481 |
-14812 |
277% |
|
operating income |
535356 |
746304 |
-28% |
|
interest expense |
81915 |
155124 |
-47% |
|
income before tax |
194994 |
614695 |
-68% |
|
income tax expense |
0 |
5330 |
-100% |
|
income from continuing
operations |
194994 |
609365 |
-68% |
|
net income |
193779 |
609365 |
-68% |
Vertical
analysis:
|
|
2018 |
|
2017 |
|
|
total revenue |
1962644 |
100% |
1479942 |
100% |
|
cost of revenue |
1164807 |
59% |
748450 |
51% |
|
gross profit |
797837 |
41% |
731492 |
49% |
|
operating expenses |
262481 |
13% |
-14812 |
-1% |
|
operating income |
535356 |
27% |
746304 |
50% |
|
interest expense |
81915 |
4% |
155124 |
10% |
|
income before tax |
194994 |
10% |
614695 |
396% |
|
income tax expense |
0 |
0% |
5330 |
0% |
|
income from continuing
operations |
194994 |
10% |
609365 |
41% |
|
net income |
193779 |
10% |
609365 |
41% |
|
|
2018 |
2017 |
|
|
current assets |
|
|
|
|
cash |
642,314 |
368,894 |
74% |
|
net receivable |
381,201 |
102,526 |
272% |
|
inventory |
1,508,443 |
150,641 |
901% |
|
other current assets |
24,276 |
- |
|
|
total current assets |
3,491,833 |
1,296,937 |
169% |
|
noncurrent assets |
|
|
|
|
property plant and
equipment |
15,386,289 |
17,433,313 |
-12% |
|
intangible assets |
966 |
- |
|
|
|
|
|
|
|
total non current
assets |
25,045,607 |
18,473,366 |
36% |
|
total assets |
28,537,440 |
19,770,304 |
44% |
|
|
|
|
|
|
current liabilities |
|
|
|
|
current debt |
3,613,183 |
832,445 |
334% |
|
accounts payable |
62,216 |
912,262 |
-93% |
|
other current
liabilities |
- |
(99,000) |
-100% |
|
total current liabilities |
4,365,457 |
2,346,357 |
86% |
|
|
|
|
|
|
noncurrent liabilities |
|
|
|
|
long term debt |
5,659,030 |
7,139,273 |
-21% |
|
deferred revenue |
1,440,209 |
- |
|
|
other long term
liabilities |
17,267 |
290,863 |
-94% |
|
total noncurrent
liabilities |
14,388,753 |
8,037,900 |
79% |
|
total liabilities |
18,754,210 |
10,384,257 |
81% |
|
stock holders’ equity |
|
|
|
|
common stock |
9,294,000 |
9,294,000 |
0% |
|
retained earning |
376,024 |
184,314 |
104% |
|
total stock holders’
equity |
9,778,530 |
9,386,047 |
4% |
|
total liabilities and
stockholder's equity |
28,537,440 |
19,770,304 |
44% |
Vertical analysis:
|
|
2018 |
|
2017 |
|
|
current assets |
|
|
|
|
|
cash |
642,314 |
2% |
368,894 |
2% |
|
net receivable |
381,201 |
1% |
102,526 |
1% |
|
inventory |
1,508,443 |
5% |
150,641 |
1% |
|
other current assets |
24,276 |
0% |
- |
|
|
total current assets |
3,491,833 |
12% |
1,296,937 |
7% |
|
noncurrent assets |
|
|
|
|
|
property plant and
equipment |
15,386,289 |
54% |
17,433,313 |
88% |
|
intangible assets |
966 |
0% |
- |
|
|
|
|
|
|
|
|
total noncurrent
assets |
25,045,607 |
88% |
18,473,366 |
93% |
|
total assets |
28,537,440 |
100% |
19,770,304 |
100% |
|
|
|
|
|
|
|
current liabilities |
|
|
|
|
|
current debt |
3,613,183 |
13% |
832,445 |
4% |
|
accounts payable |
62,216 |
0% |
912,262 |
5% |
|
other current
liabilities |
- |
|
(99,000) |
-1% |
|
total current liabilities |
4,365,457 |
15% |
2,346,357 |
12% |
|
|
|
|
|
|
|
noncurrent liabilities |
|
|
|
|
|
long term debt |
5,659,030 |
20% |
7,139,273 |
36% |
|
deferred revenue |
1,440,209 |
5% |
- |
|
|
other long term
liabilities |
17,267 |
0% |
290,863 |
1% |
|
total noncurrent
liabilities |
14,388,753 |
50% |
8,037,900 |
41% |
|
total liabilities |
18,754,210 |
66% |
10,384,257 |
53% |
|
stock holders’ equity |
|
|
|
|
|
common stock |
9,294,000 |
33% |
9,294,000 |
47% |
|
retained earning |
376,024 |
1% |
184,314 |
1% |
|
total stock holders’
equity |
9,778,530 |
34% |
9,386,047 |
47% |
|
total liabilities and
stockholder's equity |
28,537,440 |
100% |
19,770,304 |
100% |
|
ratios |
formulas |
2018 |
2017 |
|
Current ratio |
current asset/current liabilities |
0.018764 |
0.552745 |
|
quick ratio |
Quick asset/current liabilities |
0.234458 |
0.200916 |
|
net working capital ratio |
current asset-current liabilities/total asset |
-0.03061 |
-0.05308 |
|
cash ratio |
cash / current liabilities |
0.147136 |
0.15722 |
|
return on asset |
net income /average total assets |
0.00679 |
0.030822 |
|
return on equity |
net income/average stockholder equity |
0.019817 |
0.064922 |
|
profit margin |
net income/sales |
0.098734 |
0.411749 |
|
inventory turnover ratio |
costs of goods sold/average inventories |
0.772192 |
4.968435 |
|
assets turnover ratio |
sales/average total asset |
0.068774 |
0.074857 |
|
accounts receivable turnover ratio |
sales /average accounts receivable |
5.14858 |
14.4348 |
At the end, we can conclude that the performance of the Jabal Omar development company is rapidly improve and their revenue increase with the passage of time. Company need more changes to bring more innovation and generate more revenue through its effective performance and generate high quality outcomes for its all investors .
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