Net Profit

Unit: Million Baht

Total revenues

Unit: Million Baht

Total Assets

Unit: Million Baht

Category Growth

*Base for future growth opportunities

3 Years Financial Highlights % Growth Rate
Description Unit 2022 2021* 2020 2022 2021
Profit or loss (Equity Method) (Million Baht)
Revenue 789.9 783.5 779.4 0.8 0.5
Total Revenue 831.0 813.6 801.8 2.1 1.5
Gross profit 299.8 307.1 300.4 (2.4) 2.2
Profit before share of income from investment in associated company, finance cost and income tax expenses 18.2 23.8 19.1 (23.5) 24.6
Financial Cost 1.5 0.4 0.7 275.0 (42.9)
Profit before income tax expenses 38.7 85.9 59.4 (54.9) 44.6
Tax expenses 3.0 3.6 2.2 (16.7) 63.6
Net profit before share of income from investment in associated company 13.7 19.8 16.2 (30.8) 22.2
share of income from investment in associated company 22.0 62.5 41.0 (64.8) 52.4
Profit for the year 35.17 82.3 57.2 (56.6) 43.9
Total comprehensive income for the year 47.7 100.2 58.0 (52.4) 72.8
Statement of financial position (Equity Method) (Million Baht)
Total assets 1,352.1 1,364.9 1,246.2 (0.9) 9.5
Total liabilities 279.1 304.2 255.3 (8.3) 19.1
Shareholders’ equity 1,073.0 1,060.7 990.9 1.2 7.0
Finance Institution liabilities 4.0 8.6 13.8 (53.5) (37.7)
Ordinary share information
Issued and fully paid up (‘000 shares) 337,445 337,445 168,723 - -
Book value per share (THB) 3.18 3.14 5.87 1.2 7.0
Par value per share (THB) 0.50 0.50 1.00 - -
Diluted EPS (Equity Method) (THB) 0.11 0.24 0.34 (54.2) 43.5
Diluted EPS (Separated) (THB) 0.11 0.11 0.21 - 9.1
Dividend paid per share (THB) 0.21 0.18 0.26 16.7 (30.8)
Financial Ratio
Liquidity Raito
Current Ratio (Time) 1.93 1.76 1.78
Quick Ratio (Time) 1.42 1.31 1.22
Receivables Turnover (Time) 4.58 4.64 4.33
Average Collection Period* (Days) 79 79 84
Inventory Turnover (Time) 5.56 4.94 4.81
Average Inventory Period (Days) 67 74 76
Account Payable Period (Time) 4.21 4.04 4.06
Payment Period (Days) 87 90 90
Cash Cycle (Days) 59 63 70
Profitability Ratio
Gross Profit Margin (%) 37.96 39.19 38.54
Operating Profit Margin (%) 5.09 11.02 7.71
Gross Profit Margin (Equity Method) (%) 4.30 10.12 7.13
ROE (%) 3.35 8.02 7.20
Efficiency Ratio
ROA (%) 2.63 6.30 5.68
Assets Turnover (Time) 0.61 0.62 0.80
Financial Policy Ratio
D/E Ratio (Time) 0.26 0.29 0.26
Finance Institution Liabilities per Shareholder equities ratio (Time) - - 0.01
Dividend Payout Ratio (Equity Method) (%) 99.26 36.90 76.69

Remark: *The Company sets the credit terms as follows:

  • General Trade: 30 – 60 days credit terms;
  • Modern Trade: 60 – 90 days credit terms.

The Company has its policy to achieve maximum efficiency in the management of collection.

**The average payment period to general suppliers is 45-60 days, significant suppliers or outbound suppliers average payment period is 75-90 days which comply to the payment policy to each supplier.