# Financial Highlights

## 1H23 Sales

## 1H23 Net Profit

* Others comprises of Australia, Japan, Taiwan, Thailand, and other countries

### Financial Performance 1H23

(Unit: Million Baht)

YTD 1H23 | 2022 | 2021 | 2020 | |
---|---|---|---|---|

Financial Performance | ||||

Total Revenue | 6,830 | 21,420 | 14,529 | 12,224 |

Gross profit | 1,223 | 5,349 | 3,356 | 3,176 |

Operating profit | 624 | 4,110 | 2,374 | 2,477 |

EBIT | 901 | 4,532 | 2,781 | 2,612 |

Net Profit | 870 | 4,401 | 2,721 | 2,548 |

Financial Position | ||||

Total Assets | 24,660 | 28,178 | 11,509 | 10,753 |

Total Liabilities | 2,444 | 3,133 | 4,691 | 5,170 |

Total Shareholders' equity | 22,216 | 25,045 | 6,818 | 5,583 |

Per Share Data | ||||

Basic EPS* | 0.29 | 1.50 | 7.60 | 7.10 |

DPS | 0.25 | 2.50 | 4.00 | 2.80 |

BVPS | 7.40 | 8.34 | 189.40 | 155.10 |

Remark:

*2022 basic EPS is calculated based on number of shares at year end of 3,000mn shares of par value at 1 THB per share.

### Key Financial Ratios

YTD 1H23 | 2022 | 2021 | 2020 | |
---|---|---|---|---|

PROFITABILITY RATIOS | ||||

Gross profit margin (%) ^{(1)} |
17.9 | 25.0 | 23.1 | 26.0 |

EBIT margin (%) ^{(2)} |
9.1 | 23.5 | 22.6 | 25.0 |

Operating margin (%) ^{(3)} |
13.2 | 19.2 | 16.3 | 20.3 |

Net profit margin (%) ^{(4)} |
12.7 | 20.3 | 18.6 | 20.6 |

ROE (%) ^{(5)} |
7.8 | 27.6 | 43.9 | 54.0 |

LIQUIDITY RATIOS | ||||

Current Ratio ^{(6)} |
10.0 | 9.0 | 1.7 | 2.8 |

Quick Ratio ^{(7)} |
6.3 | 6.7 | 0.7 | 1.8 |

Days sales outstanding ^{(8)} |
79.5 | 48.3 | 53.0 | 54.0 |

Days of inventory outstanding ^{(9)} |
153.7 | 93 | 96 | 78 |

Days payable outstanding ^{(10)} |
36.1 | 30.6 | 34.0 | 29.0 |

EFFICIENCY RATIOS | ||||

ROA (%) ^{(11)} |
6.9 | 22.2 | 24.4 | 26.3 |

Asset turnover (times) ^{(12)} |
0.56 | 1.1 | 1.3 | 1.3 |

LEVERAGE RATIOS | ||||

Debt to equity (times) ^{(13)} |
0.1 | 0.1 | 0.7 | 0.9 |

IBD to Equity (times) ^{(14)} |
0.0 | 0.0 | 0.3 | 0.6 |

Interest coverage ratio (times) ^{(15)} |
152.0 | 61.9 | 104.4 | 84.3 |

^{(1)} Gross profit margin is calculated as gross profit (loss) divided by sales, multiplied by 100. ^{(2)} EBIT margin is calculated as EBIT divided by total sales, multiplied by 100. ^{(3)} Operating margin is calculated as operating profit exclude other income and other gain (loss) divided by sales, multiplied by 100. ^{(4)} Net profit margin is calculated as profit (loss) for the period divided by total sales, multiplied by 100. ^{(5)} Return on equity is calculated as profit (loss) for the period attributable to owners of the parent divided by average total shareholders’ equity attributable to owners of the parent, multiplied by 100. ^{(6)} Current ratio is calculated as total current assets divided by total current liabilities. ^{(7)} Quick ratio is calculated as the combined total of cash and cash equivalents, short-term investments and trade and other receivables, net divided by total current liabilities. ^{(8)} Days sales outstanding is calculated as 365 divided by account receivable turnover. ^{(9)} Days of inventory outstanding is calculated as 365 divided by inventory turnover. Inventory turnover is calculated as cost of sales divided by average inventories. ^{(10)} Days payable outstanding is calculated as 365 divided by account payable turnover. Account payable turnover is calculated as cost of sales divided by average trade payable. ^{(11)} Return on assets is calculated as profit (loss) for the period divided by average total assets, multiplied by 100. ^{(12)} Assets turnover is calculated as total sales divided by average total assets. ^{(13)} Debt to equity ratio is calculated as total liabilities divided by total shareholders’equity. ^{(14)} Interest-bearing debt to equity is calculated as total interest-bearing debt divided by total shareholders’ equity. ^{(15)} Interest coverage ratio is calculated as EBITDA divided by finance costs. ^{(16)} Total sales is calculated as the sum of sales and other income.