Financial Highlights
Summary of Financial Position, Income Statement, Cash Flows Statement, and the significant financial ratios of the Company
And its subsidiaries for the year ended 31 December 2017 to 31 December 2021
Summary of Financial Position, Income Statement, and Cash Flows Statement |
2021 | 2020 | 2019 | 2018 | 2017 | |||||
---|---|---|---|---|---|---|---|---|---|---|
THB (mn) |
% | THB (mn) |
% | THB (mn) |
% | THB (mn) |
% | THB (mn) |
% | |
Financial Position | ||||||||||
Total assets | 44,384 | 100 | 42,037 | 100 | 22,652 | 100 | 20,939 | 100 | 17,985 | 100 |
Total liabilities | 36,184 | 82 | 34,057 | 81 | 15,945 | 70 | 15,463 | 74 | 12,867 | 72 |
Total shareholders' equity | 8,200 | 18 | 7,980 | 19 | 6,707 | 30 | 5,476 | 26 | 5,119 | 28 |
Income Statement | ||||||||||
Revenue from sales and services | 133,759 | 100 | 104,423 | 100 | 120,027 | 100 | 107,829 | 100 | 84,625 | 100 |
Gross profit | 10,132 | 7.6 | 10,599 | 10.1 | 9,900 | 8.2 | 7,443 | 6.9 | 6,254 | 7.4 |
EBITDA | 5,419 | 4.1 | 6,315 | 6.0 | 5,268 | 4.4 | 3,508 | 3.3 | 3,067 | 3.6 |
Net profit | 1,017 | 0.8 | 1,906 | 1.8 | 1,563 | 1.3 | 624 | 0.6 | 913 | 1.1 |
2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|
Cash Flows Statement | |||||
Cash receipts from operating activities | 5,336 | 2,811 | 3,683 | 4,923 | 2,790 |
Cash payments in investing activities | -2,384 | -1,924 | -4,225 | 5,347 | 5,698 |
Cash payments in financing activities | -2,193 | -982 | 584 | 508 | 3,182 |
Net increase (decrease) in cash and cash equivalents | 759 | (95) | 41 | 85 | 274 |
Beginning balance | 942 | 1,037 | 996 | 911 | 637 |
Ending balance | 1,701 | 942 | 1,037 | 996 | 911 |
The Summary of Significant Financial Ratios of the Company and Its Subsidiaries
Financial Ratios | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|
Liquidity Ratio | ||||||
Current ratio | Times | 0.39 | 0.45 | 0.42 | 0.36 | 0.47 |
Quick ratio | Times | 0.21 | 0.21 | 0.23 | 0.20 | 0.23 |
Cash flows ratio | Times | 0.51 | 0.28 | 0.33 | 0.51 | 0.42 |
Account receivable turnover | Times | 218.38 | 341.64 | 408.81 | 436.89 | 623.37 |
Average collection period | Days | 1.67 | 1.07 | 0.89 | 0.84 | 0.59 |
Inventory turnover | Times | 57.14 | 45.35 | 57.04 | 54.78 | 46.45 |
Inventory days | Days | 6.39 | 8.05 | 6.40 | 6.66 | 7.86 |
Account payable turnover | Times | 24.92 | 24.52 | 21.96 | 22.07 | 22.75 |
Account payable days | Days | 14.54 | 14.89 | 16.62 | 16.54 | 16.05 |
Cash Cycle | Days | (6.59) | (5.77) | (9.33) | (9.04) | (7.60) |
Profitability Ratio | ||||||
Gross profit margin | % | 7.57 | 10.15 | 8.25 | 6.90 | 7.39 |
Operating profit margin | % | 1.79 | 3.29 | 1.88 | 0.96 | 1.48 |
Other profit margin | % | 0.13 | 0.62 | 0.22 | 0.28 | 0.33 |
Net profit margin | % | 0.76 | 1.83 | 1.30 | 0.58 | 1.08 |
Return on equity | % | 12.57 | 25.96 | 25.66 | 11.77 | 18.81 |
Efficiency Ratio | ||||||
Return on assets | % | 2.35 | 5.89 | 7.17 | 3.20 | 5.99 |
Return on fixed assets/1 | % | 34.28 | 20.82 | 4069 | 24.71 | 29.65 |
Assets turnover | Times | 3.01 | 3.23 | 5.51 | 5.54 | 5.55 |
Financial Ratio | ||||||
Debt to equity ratio | Times | 4.41 | 4.27 | 2.38 | 2.82 | 2.51 |
Interest bearing debt to equity ratio | Times | 1.17 | 3.70 | 1.46 | 1.62 | 1.58 |
Interest coverage ratio | Times | 2.29 | 5.72 | 13.10 | 18.62 | 17.74 |
Debt service coverage ratio | Times | 2.09 | 0.11 | 0.10 | 0.15 | 0.10 |
Dividend payout ratio as a percentage of net profit according to the separate financial statements/2 | % | 43.81 | 44.09/3 | 42.82 | 50.55 | 40.84 |
Stock Information | ||||||
Earnings per share | Baht per share | 0.60 | 1.14 | 0.94 | 0.37 | 0.55 |
Annual average closing price | Baht per share | 16.20 | 14.05 | 15.80 | 15.18 | 22.88 |
Annual dividend payment | Baht per share | 0.25 | 0.50/3 | 0.40 | 0.20 | 0.17 |
Source: the Company
Remarks:
/1 Return on fixed assets was calculated from property, plant and equipment, and prepaid leasehold right and land rental.
/2 Dividend payout ratio as a percentage of net profit according to the separate financial statement was calculated from the total amount of dividends paid out during the operating year.
/3 Including the interim dividend for 2016 first-half results at the rate of Baht 0.10 per share and the dividend for 2016 second-half result at the rate of Baht 0.20 per share.
/4 The dividend for the year 2018 result at the rate of Baht 0.20 per share which will be proposed to the 2019 Annual General Meeting of Shareholders' approval on 19 April 2018.
Revenue
Unit : Million Baht
Gross Profit
Unit : Million Baht
EBITDA
Unit : Million Baht
Net Profit
Unit : Million Baht
Profitability
Unit : %
Leverage Ratios
Unit : Time
Operating Cash Cycle
Unit : Day
Cash Flow
Assets
Unit : Million Baht
Liabilities and Equity
Unit : Million Baht