Financial Highlights

STATEMENTS OF INCOME (MB) 2014 2015 2016 2017 9M/2017 9M/2018
Sales Revenue 4,771 5,389 6,541 5,916 4,384 3,892
COGS 3,165 3,696 4,438 4,216 3,087 2,976
Gross Profit 1,606 1,693 2,104 1,700 1,297 917
SG&A 1,248 1,313 1,406 1,396 1,010 1,092
EBITDA 499 539 825 535 472 37
Depreciation&Amortization 82 92 144 181 137 181
EBIT 418 448 681 347 335 (143)
Net Profit 307 331 530 286 257 (129)
EPS (Baht) (Based on par value of Baht 0.50) 1.11 1.19 1.89 1.02 0.92 (0.47)

STATEMENTS OF FINANCIAL POSITION (MB) 2014 2015 2016 2017 9M/2017 9M/2018
Total Assets 2,992 3,042 3,640 4,390 4,170 4,567
Total Liabilities 1,976 1,788 2,061 2,778 2,587 3,226
Paid-Up Capital 140 140 140 140 140 140
Shareholders' Equity 1,012 1,250 1,575 1,612 1,583 1,295
Dividend per Share (Baht) (Based on par value of Baht 0.50) 0.555 0.600 0.950 0.550 0.375 0.000
Dividend Policy Not less than 50% of the net profit from normal operation according to consolidated financial statement after deduction of tax revenue and legal reserve (with additional conditions)

Liquidity Ratios 2014 2015 2016 2017 9M/2017 9M/2018
Current Ratio (x) 0.98 1.13 0.95 0.91 0.87 0.79
Quick Ratio (x) 0.53 0.66 0.50 0.46 0.45 0.38

Profitabilty Ratios 2014 2015 2016 2017 9M/2017 9M/2018
Gross Profit Margin (%) 33.7% 31.4% 32.2% 28.7% 29.6% 23.6%
EBIT Margin (%) 8.6% 8.2% 10.4% 5.8% 7.5% (3.6%)
Net Profit Margin (%) 6.4% 6.1% 8.1% 4.8% 5.8% (3.3%)
EBITDA Margin (%) 10.3% 9.9% 12.5% 8.9% 10.6% 0.9%
ROA (%) 15.5% 14.8% 20.4% 8.8% 12.7% (2.8%)
ROE (%) 33.3% 29.3% 37.5% 17.9% 24.6% (7.0%)

Leverage Ratios 2014 2015 2016 2017 9M/2017 9M/2018
D/E (x) 1.95 1.43 1.31 1.72 1.63 2.49
IBD/E (x) 1.12 0.68 0.75 1.13 1.03 1.90

Cash Cycle 2014 2015 2016 2017 9M/2017 9M/2018
Inventory Days 88 76 64 80 83 88
A/R Days 52 57 45 47 51 49
A/P Days 49 43 32 34 43 36
Cash Cycle Days 91 90 77 93 90 101