APWC ASIA PACIFIC WIRE & CABLE CORP LTD

Overview and Growth

ASIA PACIFIC WIRE & CABLE CORP LTD generated $462.26M of revenue in fiscal 2012, with net income of $10.92M and an operating cash inflow of $11.65M. The $462.26M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 2.1% from $471.95M in fiscal 2011; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were $0.79, translating the period’s attributable earnings into the amount reported for each diluted share. Asset turnover was 1.19x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $51.81M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 11.2% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $519.00K, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 0.1%, showing the shortfall after operating costs. After all reported below-operating-line items, the company recorded net income of $10.92M for the fiscal year. The final earnings result represented 2.4% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $27.29M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 5.9%, relating income before taxes directly to revenue. The reported income-tax provision was $8.38M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 30.7%, without assuming a statutory-rate comparison. Net income equaled 4.7% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 2.8%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

Total assets were $389.38M, supported by $154.77M of liabilities and $234.61M of shareholder equity. Current assets were $330.21M against $146.49M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 2.25x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $72.82M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 49.7% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 39.7%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 18.7%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 15.4% higher than fiscal 2011 assets of $337.29M, measuring the company’s own balance-sheet change. Reported equity changed 9.3% from $214.69M in fiscal 2011, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $11.65M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 1.07x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $10.94M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 93.9% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $711.00K, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 0.2%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 0.2% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2012. Analysis generated Nov 4, 2026.