| Address:
|
UNIT 516-517 HONG LEONG INDUSTRIAL
COMPLEX #4 WANG KWONG RD |
| City: |
KOWLOON BAY KOWLOON |
|
State: |
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Zip Code: |
|
| Telephone: |
212-732-0030 |
|
Description of Business
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Primary SIC Code:
3089 |
| (As filed with the SEC)
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|
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Deswell Industries Inc. was founded in 1987 in Hong Kong and moved its
manufacturing operations to China in 1990 to take advantage of lower overhead
cost, competitive labor rate and tax concessions available in Shenzhen, China as
compared with Hong Kong. We were reincorporated in December 1993 as a limited
liability International Business Company under the laws of the British Virgin
Islands. The Company's registered agent in the British Virgin Islands is Harneys
Corporate Services Limited, P.O. Box 71, Craigmuir Chambers, Road Town, Tortola,
British Virgin Islands. The Company's principal administrative office is located
in 17B, Edificio Comercial Rodrigues, 599 Avenida da Praia Grande, Macao, and
its telephone number is (853) 2832-2096 and its facsimile number is
(853) 2832-3265. Our principal manufacturing facilities and operations are
currently based in Dongguan, Guangdong, China. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2011 | -0.36 | 0.050 | N/E | | 03/2011 | -0.50 | 0.050 | N/E | | 12/2010 | -0.52 | NA | N/E | | 06/2010 | -0.03 | 0.050 | N/E | | 03/2010 | 0.09 | NA | 46.67 | | 12/2009 | 0.19 | 0.100 | 21.26 | | 06/2009 | -0.02 | NA | N/E | | 03/2009 | 0.08 | 0.040 | 22.12 |
Key Financial Ratios and Statistics |
FYE:
03/31 |
| Profitability |
2011 |
Leverage |
2011 |
| Net Inc/Comm Equity | -0.14 | Total Liab/Total Assets | 0.12 | | Net Inc/Total Assets | -0.06 | Total Liab/Inv Cap | 0.14 | | Net Inc/Inv Cap | -0.07 | Total Liab/Comm Equity | 0.27 | | Pretax Inc/Net Sales | -0.09 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | -0.10 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.04 | LTD/Equity | NA | | SG&A/NetSales | 0.22 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.32 | Quick Ratio | 3.53 | | Inventory Turnover | 4.22 | Current Ratio | 4.76 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.23 | | Net Sales/Work Cap | 1.41 | Inv/Curr Assets | 0.26 | | Net Sales/PP&E | 1.65 | | |
Income Statement (Millions) |
| |
3/31/2011
|
3/31/2010
|
3/31/2009
|
3/31/2008
|
|
Total Revenues(Net Sales)
|
84.02
|
81.61
|
131.74
|
143.81
|
|
Cost of Goods Sold
|
74.47
|
68.96
|
111.57
|
117.37
|
|
Selling & Admin Exps
|
18.38
|
10.91
|
19.42
|
19.60
|
|
Operating Income
|
-8.83
|
1.75
|
0.75
|
6.83
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
-7.73
|
2.19
|
0.91
|
9.19
|
|
Other Income
|
NA
|
NA
|
0.17
|
2.36
|
|
Net Income Bef Extraordinary ...
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NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-8.11
|
1.50
|
1.20
|
8.86
|
|
Assets
|
3/31/2011
|
3/31/2010
|
3/31/2009
|
3/31/2008
|
|
Cash & Short Term Investments
|
36.68
|
40.79
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23.23
|
22.83
|
|
Receivables - Total
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17.21
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14.40
|
22.23
|
23.69
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|
Inventories - Total
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19.52
|
15.81
|
21.45
|
26.46
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Total Current Assets
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75.56
|
72.84
|
69.78
|
73.90
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Net Property, Plant & Equipment
|
51.05
|
60.71
|
66.56
|
65.89
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Total Assets
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127.16
|
134.01
|
137.48
|
140.41
|
|
Liabilities
|
|
|
|
|
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Accounts Payable
|
13.91
|
12.11
|
15.72
|
18.03
|
|
Debt in Current Liabilities
|
NA
|
NA
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NA
|
NA
|
|
Total Current Liabilities
|
15.87
|
13.00
|
17.18
|
19.15
|
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Long-Term Debt
|
NA
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NA
|
NA
|
NA
|
|
Total Liabilities
|
15.87
|
13.00
|
17.18
|
19.15
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
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NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
50.81
|
50.80
|
49.92
|
49.92
|
|
Retained Earnings
|
47.44
|
57.18
|
57.30
|
59.89
|
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Treasury Stock
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NA
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NA
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NA
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NA
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Total Stockholders' Equity
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111.29
|
121.02
|
120.31
|
121.26
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Total Liabilities and Stockholders' Equity
|
127.16
|
134.01
|
137.48
|
140.41
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Cash Flow Summary (Millions) |
|
Categories
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3/31/2011
|
3/31/2010
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3/31/2009
|
3/31/2008
|
|
Net Cash Provided by Operating Activities
|
-3.19
|
14.35
|
11.67
|
16.42
|
|
Net Cash Provided by Investing Activities
|
4.51
|
-1.45
|
-7.06
|
-7.37
|
|
Net Cash Provided by Financing Activities
|
-0.80
|
-0.92
|
-3.79
|
-8.54
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 03/2007 | 136.78 | 12.17 | 0.81 | | 03/2008 | 143.81 | 8.86 | 0.57 | | 03/2009 | 131.74 | 1.20 | 0.08 | | 03/2010 | 81.61 | 1.50 | 0.09 | | 03/2011 | 84.02 | -8.11 | -0.50 | | Growth Rates | -11.47 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 18 | 2,289 | 14.14 |
|
Report Date :
2/6/2012
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