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 2020
Summary of Financial Position,
Income Statement, and
Cash Flows Statement
2020 2019 2018 2017
THB
(mn)
% THB
(mn)
% THB
(mn)
% THB
(mn)
%
Financial Position
Total assets 42,037 100 22,652 100 20,939 100 17,985 100
Total liabilities 34,057 81 15,945 70 15,463 74 12,867 72
Total shareholders' equity 7,980 19 6,707 30 5,476 26 5,119 28
Income Statement
Revenue from sales and services 104,423 100 120,027 100 107,829 100 84,625 100
Gross profit 10,599 10.1 9,900 8.2 7,443 6.9 6,254 7.4
EBITDA 6,315 6.0 5,268 4.4 3,508 3.3 3,067 3.6
Net profit 1,906 1.8 1,563 1.3 624 0.6 913 1.1
  2020 2019 2018 2017
Cash Flows Statement
Cash receipts from operating activities 2,811 3,683 4,923 2,790
Cash payments in investing activities (1,924) (4,225) (5,347) (5,698)
Cash payments in financing activities (982) 584 508 3,182
Net increase (decrease) in cash and cash equivalents (95) 41 85 274
Beginning balance 1,037 996 911 637
Ending balance 942 1,037 996 911

The Summary of Significant Financial Ratios of the Company and Its Subsidiaries

Financial Ratios 2020 2019 2018 2017
Liquidity Ratio
Current ratio Times 0.45 0.42 0.36 0.47
Quick ratio Times 0.21 0.23 0.20 0.23
Cash flows ratio Times 0.28 0.33 0.51 0.42
Account receivable turnover Times 341.64 408.81 436.89 623.37
Average collection period Days 1.07 0.89 0.84 0.59
Inventory turnover Times 45.35 57.04 54.78 46.45
Inventory days Days 8.05 6.40 6.66 7.86
Account payable turnover Times 24.52 21.96 22.07 22.75
Account payable days Days 14.89 16.62 16.54 16.05
Cash Cycle Days (5.77) (9.33) (9.04) (7.60)
Profitability Ratio
Gross profit margin % 10.15 8.25 6.90 7.39
Operating profit margin % 3.29 1.88 0.96 1.48
Other profit margin % 0.62 0.22 0.28 0.33
Net profit margin % 1.83 1.30 0.58 1.08
Return on equity % 25.96 25.66 11.77 18.81
Efficiency Ratio
Return on assets % 5.89 7.17 3.20 5.99
Return on fixed assets/1 % 6.81 32.09 24.71 29.65
Assets turnover Times 3.23 5.51 5.54 5.55
Financial Ratio
Debt to equity ratio Times 4.27 2.38 2.82 2.51
Interest bearing debt to equity ratio Times 3.70 1.46 1.62 1.58
Interest coverage ratio Times 5.72 13.10 18.62 17.74
Debt service coverage ratio Times 0.11 0.10 0.15 0.10
Dividend payout ratio as a percentage of net profit according to the separate financial statements/2 % 44.09/3 42.82 50.55 40.84
Stock Information
Earnings per share Baht per share 1.14 0.94 0.37 0.55
Annual average closing price Baht per share 14.05 15.80 15.18 22.88
Annual dividend payment Baht per share 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