Executive Summary

Matrix Concepts Holdings Berhad is a property development company that was founded by
Dato’ Lee Tian Hock, back in 1997. The two biggest township development done by Matrix
Concepts are Bandar Seri Sendayan in Seremban, Negeri Sembilan and Bandar Seri Impian in
Kluang, Johor. Up to 2022, the group had sold over more than 30,000 units of residential and
also commercial properties with accumulated gross development (GDV) over RM 9.7 billion.
Matrix Concept Holdings Berhad was listed on the main market of Bursa Malaysia Security
Berhad on 28th May 2013. Apart from property development, the matrix group involved in
construction, education, and hospitality. Matrix Concept had been roped in as The Edge Billion
Ringgit Club and has market capitalization of rm 1.85 billion as of 2019.

Under the leadership of Dato’ Haji Mohamad Haslah bin Mohamad Amin, the group grow
tremendously stronger and even venture out to developing properties in Australia. The group had
ventured in establishing an international school, with the aim of bring global level education to
Malaysia, by affiliating with Ellsmore Colleage UK.
Financial Analysis Ratio
Table X: Time trend analysis for Matrix Concept Sdn Bhd
Year t-5 Year t-4 Year t-3 Year t-2 Year t-1

Liquidity ratios

Current ratio

Quick ratio

Asset management ratio

Inventory turnover ratio

Days sales outstanding

Fixed assets turnover ratio

Leverage ratios

Debt ratio

Time-interest- earned ratio

Profitability ratios

Net profit margin

Operating profit margin

Return on equity

Market value ratios

Share price

Price / earnings ratio (PE)

Market/book ratio

APPENDIX
List of formulas

1. Liquidity Ratio

 Current Ratio = Current Asset

Current Liability
 Quick Ratio = Current Asset – Inventory
Current Liability
2. Asset management ratio
 Inventory turnover ratio = Cost of Goods Sold (COGS)
Average Inventory
 Days sales outstanding = (Account Receivable/ credit Sales) x 365 days
 Fixed assets turnover ratio = Sales
Average Net Fixed Assets

3. Leverage ratios

 Debt Ratio = Total debts

Total assets
 Time- interest- earned ratio = EBITDA
Interest expenses

4. Profitability Ratio

 Net profit Margin = (Net income/ Sales) x 100

 Operating profit Margin = (Operating Profit/ Sales) x 100

 Return on equity = Net income

Shareholder’s Equity

5. Market value ratios

  Share price = Price/ earnings ratio (PE) x Earnings per shares (EPS)
 Price/ earnings ratio (PE) = Price per share
Earnings per share (EPS)
 Market / Book Ratio = Price of one share
Book value of one share

MATRIX CONCEPT BERHAD

Notes : took the numbers from company or group
1. Liquidity Ratios

2021 2020 2019 2018 2017

Currents 1,476,128 1,473,244 1,360,691 969,931 560,930

assets

Current 604,200 714,844 769,967 657,775 531,319

liability

Current
ratio

2021 2020 2019 2018 2017

Current 1,476,128 1,473,244 1,360,691 969,931 560,930

assets

Inventory (618,019) (624,102) (671,435) (389,805) (176,805)

Current 604,200 714,844 769,967 657,775 531,319

liability

Quick ratio

Inventory
Look under current assets only
 Inventories - completed units and others
 Inventories - property development costs

2. Asset management ratio

2021 2020 2019 2018 2017

Cost of 562,354 715,314 350,990 345,157 339,181

Goods Sold
(COGS)

Beginning 462,104 278,974 477,515 559,714 518,986

inventory

Ending 518,966 462,104 278,974 151,350 188,037

Inventory

Average
inventory/ 2

Inventory 0.49 0.37 0.78 0.58 0.46

turnover
ratio

COGS- under profit and loss statements took the cost of sales
Average inventory for 2017 example
Beginning inventory- took the total inventory of 2016
Ending inventory- took the total of 2017 inventory
To calculate average – begin + end inv divide by 2

2021 2020 2019 2018 2017

Account 85158 74947 70241 76485 69212

receivable

Sales /credit 268,678 197,083 534,257 491,479 398,479

 sales

x 365 Days 365 365 365 365 365

Days sales 115.69 138.80 47.99 56.80 63.40

outstanding

Account receivable = Trade receivables, other receivables, deposits and prepayments, Lease receivables from current
assets

2021 2020 2019 2018 2017

Net Sales Revenue

Average net 834731 734679.5 694550 654115.5 569838

fixed assets

Fixed assets
turnover
ratio

Average fixed asserts

First calculate the total of fixed asset

Look into non- current assets

Property, plant and equipment

Investment properties

Inventories - land held for property development

Total up this three and for average

Took 2016 as beginning total fixed asset and 2017 as ending total fixed assets

Plus both and divide by 2

Dapat average fixed asset

Sales = revenue

3. Leverage ratios
 2021 2020 2019 2018 2017

Total debts 132,827 16863 10890 125,495 107,984

Total assets 903,160 771,668 776,413 726,227 731,076

Debt ratio 0.15 0.02 0.01 0.17 0.15

Total debts = total liability

2021 2020 2019 2018 2017

EBITDA 35741 (10297) 100,300 (22360) (5601)

Interest 4263.75 725.11 533.61 6023.76 5939.12

expenses

Time- 8.38 -14.20 187.96 -3.71 -0.94

interest-
earned
ratio

EBITD= Profit/(loss) before taxation Income tax expense from the profit and loss statement
interest expenses= interest rate x total debt/ t. liability
There will be more interest rate but u took this from this ben

4. Profitability Ratio

2021 2020 2019 2018 2017

Net income 33,446 (10,718) 99,771 (22,360) (5180)

Sales 57051 24285 127,188 1107 10514

X 100 100 100 100 100 100

Net profit 58.62 (44.13) 78.44 -2019.87 -49.27

margin
Net income = Profit/(loss) after taxation, representing total
comprehensive income/(loss) for the financial year
from the profit and loss statement

sales = revenue

2021 2020 2019 2018 2017

Operating
profit 24152 76835 60656 (15697) 6008

Sales 57051 24285 127,188 1107 10514

X 100 100 100 100 100 100

Operating 42.33 316.39 47.69 -1417.98 57.14

profit
margin

Operating profit = NET CASH FROM/(FOR) OPERATING ACTIVITIES - from the statement of cash flow

2021 2020 2019 2018 2017

Net income 33,446 (10,718) 99,771 (22,360) (5180)

Shareholder’s 770333 754805 765523 600732 623092

equity

Return on 0.04 -0.01 0.13 -0.04 -0.01

equity

Shareholders equity = total equity from the financial position statement

5. Market value ratios

 2021 2020 2019 2018 2017

Price/
earnings
ratio (PE)

Earnings per
shares (EPS)

Share price

2021 2020 2019 2018 2017

Price per
share

Earnings per
shares (EPS)

Price/
earnings
ratio (PE)

2021 2020 2019 2018 2017

Price of one
share

Book value
of one share
Market/
book ratio