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American Superconductor Corporation Message Board

  • jthinkhouse jthinkhouse Jun 27, 2013 6:37 PM Flag

    Sinovel financials

    Although debt as a percent of total capital decreased at Sinovel Wind Group Co., Ltd. over the last fiscal year to 26.65%, it is still in-line with the Electrical Equipment industry's norm. Additionally, there are enough liquid assets to satisfy current obligations. Cash Collection is among the best in the industry. At the end of 2012, its uncollected receivables totaled CNY9.8B CNY, which, at the current sales rate provides a Days Receivables Outstanding of 947.57. However, the company has been extending its suppliers more credit than in years past. Last, Sinovel Wind Group Co., Ltd. is among the most efficient in its industry at managing inventories, with only 854.97 days of its Cost of Goods Sold tied up in inventory.

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    • Currency in
      Millions of Chinese Renminbi (Yuan)s As of: Dec 31
      2009
      Restated
      CNY Dec 31
      2010
      Restated
      CNY Dec 31
      2011
      Restated
      CNY Dec 31
      2012
      CNY 4 Year
      Trend
      Assets
      Cash and Equivalents 3,672.2 5,676.3 9,667.8 5,133.7
      TOTAL CASH AND SHORT TERM INVESTMENTS 3,672.2 5,676.3 9,667.8 5,133.7
      Accounts Receivable 3,919.0 8,972.4 10,872.7 9,788.1
      Other Receivables 41.1 65.4 171.1 80.2
      Notes Receivable -- 341.9 772.2 923.7
      Inventory 7,842.5 11,214.8 9,136.5 8,781.9
      Other Current Assets 813.1 660.1 725.6 472.4
      TOTAL CURRENT ASSETS 16,287.9 26,930.9 31,345.9 25,180.1
      NET PROPERTY PLANT AND EQUIPMENT 503.3 968.8 1,683.2 1,948.0
      Long-Term Investments -- 14.3 160.3 453.9
      Other Intangibles 142.2 569.8 640.1 680.0
      TOTAL ASSETS 17,022.4 28,625.2 34,097.0 28,676.5

      LIABILITIES & EQUITY
      Accounts Payable 8,896.6 17,295.5 12,581.5 11,292.4
      Accrued Expenses 61.4 -154.5 -229.2 -560.0
      Short-Term Borrowings 150.0 2,395.0 1,881.2 218.9
      Current Portion of Long-Term Debt/Capital Lease -- -- 902.0 1,097.0
      Other Current Liabilities 5,015.5 1,878.1 679.6 967.5
      TOTAL CURRENT LIABILITIES 14,294.4 21,547.7 15,783.1 12,951.4
      Long-Term Debt 7.0 2,007.0 4,431.0 3,157.7
      Other Liabilities, Total 149.8 273.8 198.3 253.0
      TOTAL LIABILITIES 14,451.2 23,828.4 20,412.5 16,362.1
      Common Stock 900.0 900.0 2,010.2 4,020.4
      Additional Paid in Capital 60.9 60.9 9,252.5 7,140.5
      Retained Earnings 1,610.3 3,835.9 2,424.5 1,138.3
      Comprehensive Income and Other -- -- -2.7 15.2
      TOTAL COMMON EQUITY 2,571.1 4,796.8 13,684.5 12,314.4
      TOTAL EQUITY 2,571.1 4,796.8 13,684.5 12,314.4
      TOTAL LIABILITIES AND EQUITY 17,022.4 28,625.2 34,097.0 28,676.5

 
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