Ace Bed Company Limited operates in the Upholstered household furniture sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Ace Bed Company Limited with three other
furniture companies in Asia:
Keeson Technology Corp Ltd
sales of 2.26 billion Chinese Renmimbi [US$350.22 million]
of which 87%
was Intelligent electric bed),
Zoy Home Furnishing Co Ltd
(1.16 billion Chinese Renmimbi [US$180.13 million]
of which 66%
was Functional sofa), and
Sheela Foam Ltd
based in INDIA
(21.74 billion Indian Rupees [US$293.22 million]
of which 100%
was Manufacturing Polyurethane).
During the first
quarter of 2021, sales at Ace Bed Company Limited totalled
80.95 billion Korean Won .
an increase of 21.6%
from the 66.57 billion Korean Won in sales at the company during the first quarter of 2020.
There appears to be at least some degree of seasonality in the sales at Ace Bed Company Limited: during 7 of the previous 8
years, sales were highest during the fourth quarter.
The exception to this was during 2017, when the
third quarter was the best quarter, accounting for
27% of sales (during that same year, the
fourth quarter accounted for 25% of sales).
Ace Bed Company Limited reported sales of 289.50 billion Korean Won (US$255.05 million)
December of 2020.
increase of 4.3%
versus 2019, when the company's sales were 277.43 billion Korean Won .
Sales at Ace Bed Company Limited have increased during each of the previous five years
(and since 2015, sales have increased a total of 50%).
Sales of Other Segment saw an increase
that was more than double the company's growth rate: sales were up
59.9% in 2020, from
132.22 million Korean Won to 211.37 million Korean Won .
Ace Bed Company Limited also saw significant increases in sales in
Furniture (up 14.7% to 19.75 billion Korean Won )