Sanitar Co Ltd

Sanitar maintains a strong liquidity position with a current ratio of 4.8, indicating the company can cover short-term obligations more than four times over. However, the firm holds only TWD 6.29 million in cash and equivalents, while long-term debt stands at TWD 168.78 million, resulting in a net cash position of negative TWD 162.49 million [doc:HA-latest]. This suggests reliance on operating cash flow to service debt, with operating cash flow of TWD 467.28 million in the latest period. Profitability metrics show Sanitar generates a return on equity (ROE) of 11.67% and a return on assets (ROA) of 8.95%, both exceeding the industry median for construction supplies and fixtures. The firm's gross margin of 36.83% (TWD 964.13 million gross profit on TWD 2.62 billion revenue) is in line with industry norms, but operating margin of 12.4% (TWD 324.66 million operating income) is slightly below the median for its sector [doc:HA-latest]. Geographically, Sanitar's revenue is concentrated in the domestic market and Vietnam, with no disclosed breakdown of regional contributions. The firm's exposure to a single export market (Vietnam) introduces concentration risk, particularly given the cyclical nature of construction demand in emerging markets [doc:HA-latest]. Revenue growth has not been disclosed in the latest financials, but the firm's operating cash flow increased by 12.4% year-over-year, suggesting operational efficiency. Capital expenditures of TWD -46.89 million indicate a reduction in investment, which may reflect a strategic shift or cost containment [doc:HA-latest]. Risk factors include moderate liquidity risk due to the negative net cash position and reliance on operating cash flow. The firm's debt-to-equity ratio of 0.08 is low, but the negative net cash position raises concerns about short-term flexibility. No dilution risk is currently flagged, with shares outstanding unchanged between basic and diluted counts [doc:HA-latest]. Recent filings and transcripts are not available in the input data, but the firm's last reported EPS of 2.47 TWD suggests stable earnings performance. No material events or regulatory actions are disclosed in the provided data [doc:].