Asia Precision Public Company Limited

Financial Health of Asia Precision Public Company Limited

Comparing to competitors in the Metal Fabrication industry

Industry Rankings

Asia Precision Public Company Limited
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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Asia Precision Public Company Limited even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
Market Valuation
Finally, you now have an insight of how Asia Precision Public Company Limited is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Asia Precision Public Company Limited. The closing price on 2022-12-08 was ฿4.9 per share. Is the company over- or underpriced?
Key Performance Indicators
A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.

Asia Precision Public Company Limited Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is not making a profit/loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of Asia Precision Public Company Limited.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Asia Precision Public Company Limited earns for each ฿1 of revenue.

Above 10% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
A Net Profit Margin of 0.0% means that ฿0.00 for each ฿1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Asia Precision Public Company Limited:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	0.8%	-0.8%
TTM	0.8%	YOY	11.5%	-10.7%
TTM	0.8%	5Y	5.6%	-4.8%
5Y	5.6%	10Y	4.8%	+0.9%

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	-	4.0%	-4.0%
TTM	0.8%	3.4%	-2.6%
YOY	11.5%	4.6%	+6.9%
5Y	5.6%	3.3%	+2.3%
10Y	4.8%	3.3%	+1.5%

Measures how much net profit Asia Precision Public Company Limited earns for each ฿1 of revenue.

Revenue is the amount of profit Asia Precision Public Company Limited generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you ฿3. The company does not earn ฿3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is ฿1.5.

The ฿3 you pay for a cup of coffee is called revenue.
The ฿1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Asia Precision Public Company Limited earns for each ฿1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be used to compare companies within the Metal Fabrication industry.

You typically want a high profit margin. This means that for each ฿1 in sales, Asia Precision Public Company Limited makes more profit. This shows the investor how efficiently Asia Precision Public Company Limited is operating in general and compared to other companies in the same industry. Asia Precision Public Company Limited operates in the Metal Fabrication industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Asia Precision Public Company Limited. If profit margins remain low (compared to the Metal Fabrication industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Asia Precision Public Company Limited is 0.00. This means that Asia Precision Public Company Limited earned ฿0.00 for each ฿1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Metal Fabrication industry is 4.0%.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Asia Precision Public Company Limited with other companies in the same industry (Metal Fabrication).
Net profit margin should rise over the years.
Can be influenced when Asia Precision Public Company Limited sells assets (profit will increase while costs remain the same).
It won’t show what part of Asia Precision Public Company Limited is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Asia Precision Public Company Limited

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Asia Precision Public Company Limited =
Total revenue MRQ Asia Precision Public Company Limited =
฿ / ฿ = 0.00 or 0.0%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Asia Precision Public Company Limited is using its assets to generate profit.

Above 5% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
-1.3% Return on Assets means that Asia Precision Public Company Limited generated ฿-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Asia Precision Public Company Limited:

The MRQ is -1.3%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -0.1%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-1.3%	TTM	-0.1%	-1.2%
TTM	-0.1%	YOY	1.9%	-2.0%
TTM	-0.1%	5Y	1.2%	-1.3%
5Y	1.2%	10Y	0.9%	+0.2%

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	-1.3%	1.0%	-2.3%
TTM	-0.1%	1.0%	-1.1%
YOY	1.9%	1.1%	+0.8%
5Y	1.2%	1.0%	+0.2%
10Y	0.9%	0.9%	+0.0%

Shows how efficient Asia Precision Public Company Limited is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Asia Precision Public Company Limited is using its resources to generate profit. If the return on assets (-1.3%) from Asia Precision Public Company Limited are higher than the Metal Fabrication mean (1.0%) that means Asia Precision Public Company Limited is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Asia Precision Public Company Limited is -1.3%. This means the company generated ฿-0.01 for each ฿1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Metal Fabrication industry is 1.0%.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Asia Precision Public Company Limited

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Asia Precision Public Company Limited =
Total assets MRQ (balance sheet) from Asia Precision Public Company Limited =
/ = -0.01 or -1.3%

ROA is an important ratio as it will tell you how effectively Asia Precision Public Company Limited is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Asia Precision Public Company Limited is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
-3.2% Return on Equity means Asia Precision Public Company Limited generated ฿-0.03 for each ฿1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Asia Precision Public Company Limited:

The MRQ is -3.2%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -0.4%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-3.2%	TTM	-0.4%	-2.7%
TTM	-0.4%	YOY	3.4%	-3.8%
TTM	-0.4%	5Y	2.0%	-2.5%
5Y	2.0%	10Y	1.5%	+0.5%

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	-3.2%	2.2%	-5.4%
TTM	-0.4%	1.9%	-2.3%
YOY	3.4%	2.5%	+0.9%
5Y	2.0%	1.8%	+0.2%
10Y	1.5%	1.8%	-0.3%

Shows how efficient Asia Precision Public Company Limited is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Metal Fabrication industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Asia Precision Public Company Limited is -3.2%. This means Asia Precision Public Company Limited generated ฿-0.03 for each ฿1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Metal Fabrication industry is 2.2%.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if Asia Precision Public Company Limited existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Asia Precision Public Company Limited

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Asia Precision Public Company Limited =
Shareholders equity (balance sheet) MRQ Asia Precision Public Company Limited =
/ = -0.03 or -3.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Asia Precision Public Company Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Asia Precision Public Company Limited is operating .

Measures how much profit Asia Precision Public Company Limited makes for each ฿1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
An Operating Margin of 0.0% means the company generated ฿0.00 for each ฿1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Asia Precision Public Company Limited:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	3.4%	-3.4%
TTM	3.4%	YOY	13.2%	-9.9%
TTM	3.4%	5Y	8.3%	-5.0%
5Y	8.3%	10Y	5.8%	+2.5%

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	-	5.3%	-5.3%
TTM	3.4%	4.6%	-1.2%
YOY	13.2%	6.0%	+7.2%
5Y	8.3%	4.4%	+3.9%
10Y	5.8%	3.4%	+2.4%

Measures how efficient Asia Precision Public Company Limited is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Asia Precision Public Company Limited is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Asia Precision Public Company Limited is 0.0%. This means that Asia Precision Public Company Limited earned ฿0.00 for each ฿1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Metal Fabrication industry is 5.3%.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Asia Precision Public Company Limited

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Asia Precision Public Company Limited =
Total revenue MRQ Asia Precision Public Company Limited =
฿ / ฿ = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Asia Precision Public Company Limited is keeping operating costs low.

Below 1 is considered healthy (always compare to Metal Fabrication industry mean).
An Operation Ratio of 0.00 means that the operating costs are ฿0.00 for each ฿1 in net sales.

Let's take a look of the Operating Ratio trends of Asia Precision Public Company Limited:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	1.374	-1.374
TTM	1.374	YOY	1.659	-0.285
TTM	1.374	5Y	1.659	-0.285
5Y	1.659	10Y	1.266	+0.394

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	-	1.697	-1.697
TTM	1.374	1.677	-0.303
YOY	1.659	1.586	+0.073
5Y	1.659	1.529	+0.130
10Y	1.266	1.270	-0.004

Measures how efficient Asia Precision Public Company Limited is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Asia Precision Public Company Limited is 0.0%. This means that Asia Precision Public Company Limited earned ฿0.00 for each ฿1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Metal Fabrication industry is 1.70.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Asia Precision Public Company Limited

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Asia Precision Public Company Limited.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Asia Precision Public Company Limited is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Metal Fabrication industry mean).
A Current Ratio of 1.73 means the company has ฿1.73 in assets for each ฿1 in short-term debts.

Let's take a look of the Current Ratio trends of Asia Precision Public Company Limited:

The MRQ is 1.735. The company is able to pay all its short-term debts. +1
The TTM is 1.783. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.735	TTM	1.783	-0.049
TTM	1.783	YOY	1.836	-0.053
TTM	1.783	5Y	1.881	-0.098
5Y	1.881	10Y	1.131	+0.750

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	1.735	1.777	-0.042
TTM	1.783	1.754	+0.029
YOY	1.836	1.760	+0.076
5Y	1.881	1.705	+0.176
10Y	1.131	1.479	-0.348

Measures if Asia Precision Public Company Limited is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Metal Fabrication industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Asia Precision Public Company Limited if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Asia Precision Public Company Limited is 1.73. This means Asia Precision Public Company Limited has ฿1.73 in assets for each ฿1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Metal Fabrication industry is 1.78.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Asia Precision Public Company Limited

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
2,894,379 \ 1,668,623) = 1.73

The current ratio measures if Asia Precision Public Company Limited is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Asia Precision Public Company Limited is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Asia Precision Public Company Limited does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Asia Precision Public Company Limited is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Asia Precision Public Company Limited is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
A Quick Ratio of 1.09 means the company can pay off ฿1.09 for each ฿1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Asia Precision Public Company Limited:

The MRQ is 1.093. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.121. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.093	TTM	1.121	-0.029
TTM	1.121	YOY	1.148	-0.027
TTM	1.121	5Y	1.035	+0.087
5Y	1.035	10Y	0.859	+0.176

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	1.093	0.748	+0.345
TTM	1.121	0.757	+0.364
YOY	1.148	0.791	+0.357
5Y	1.035	0.748	+0.287
10Y	0.859	0.730	+0.129

Measures if Asia Precision Public Company Limited is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Asia Precision Public Company Limited can pay off its short term debts. This shows if Asia Precision Public Company Limited can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Asia Precision Public Company Limited is 1.09. This means that Asia Precision Public Company Limited can pay off ฿1.09 for each ฿1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metal Fabrication industry is 0.75.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Asia Precision Public Company Limited

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Asia Precision Public Company Limited: ( + +1,823,365) / 1,668,623 = 1.09

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Asia Precision Public Company Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Asia Precision Public Company Limited assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Asia Precision Public Company Limited to Metal Fabrication industry mean.
A Debt to Asset Ratio of 0.51 means that Asia Precision Public Company Limited assets are financed with 50.9% credit (debt) and the remaining percentage (100% - 50.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Asia Precision Public Company Limited:

The MRQ is 0.509. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.489. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.509	TTM	0.489	+0.020
TTM	0.489	YOY	0.448	+0.041
TTM	0.489	5Y	0.420	+0.069
5Y	0.420	10Y	0.366	+0.054

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	0.509	0.502	+0.007
TTM	0.489	0.495	-0.006
YOY	0.448	0.504	-0.056
5Y	0.420	0.490	-0.070
10Y	0.366	0.488	-0.122

Measures how much % of Asia Precision Public Company Limited assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Asia Precision Public Company Limited than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Asia Precision Public Company Limited to Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Asia Precision Public Company Limited is 0.51. This means means that Asia Precision Public Company Limited is financed with 50.9% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Metal Fabrication industry is 177.7%.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Asia Precision Public Company Limited has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Asia Precision Public Company Limited

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
\ = 50.9% or 0.51.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Asia Precision Public Company Limited is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
A Debt to Equity ratio of 121.8% means that company has ฿1.22 debt for each ฿1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Asia Precision Public Company Limited:

The MRQ is 1.218. The company is able to pay all its debts with equity. +1
The TTM is 1.053. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.218	TTM	1.053	+0.165
TTM	1.053	YOY	0.819	+0.234
TTM	1.053	5Y	0.802	+0.251
5Y	0.802	10Y	0.645	+0.158

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	1.218	1.029	+0.189
TTM	1.053	1.033	+0.020
YOY	0.819	1.016	-0.197
5Y	0.802	0.974	-0.172
10Y	0.645	0.995	-0.350

Measures if Asia Precision Public Company Limited is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Asia Precision Public Company Limited is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Asia Precision Public Company Limited is 1.22. This means that Asia Precision Public Company Limited can pay off ฿1.22 for each ฿1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metal Fabrication industry is 1.03.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Asia Precision Public Company Limited

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
\ = 1.22 or 121.8%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Asia Precision Public Company Limited

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ฿1 in earnings Asia Precision Public Company Limited generates.

Above 15 is considered overpriced but always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
A PE ratio of -54.37 means the investor is paying ฿-54.37 for every ฿1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Asia Precision Public Company Limited:

The EOD is -53.279. Company is losing money. -2
The MRQ is -54.367. Company is losing money. -2
The TTM is 413.425. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	-53.279	MRQ	-54.367	+1.087
MRQ	-54.367	TTM	413.425	-467.792
TTM	413.425	YOY	56.875	+356.550
TTM	413.425	5Y	122.695	+290.730
5Y	122.695	10Y	184.755	-62.060

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
EOD	-53.279	37.407	-90.686
MRQ	-54.367	39.296	-93.663
TTM	413.425	52.073	+361.352
YOY	56.875	40.681	+16.194
5Y	122.695	46.648	+76.047
10Y	184.755	41.564	+143.191

Measures how much money you pay for each share for every ฿1 in earnings Asia Precision Public Company Limited generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Asia Precision Public Company Limited to the Metal Fabrication industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Asia Precision Public Company Limited is -54.37. This means the investor is paying ฿-54.37 for every ฿1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Metal Fabrication industry is 39.30.
What is the trend?
The trend is important because it shows you how Asia Precision Public Company Limited is performing over time. The most recent quarter might be important if Asia Precision Public Company Limited released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Asia Precision Public Company Limited up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Asia Precision Public Company Limited

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-60,699 \ = EPS
PE ratio MRQ = -54.37

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Asia Precision Public Company Limited.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Asia Precision Public Company Limited:

The MRQ is 70.709. Seems overpriced? -1
The TTM is 45.632. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	70.709	TTM	45.632	+25.077
TTM	45.632	YOY	-833.500	+879.131
TTM	45.632	5Y	-151.923	+197.555
5Y	-151.923	10Y	23.288	-175.212

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
MRQ	70.709	0.210	+70.499
TTM	45.632	0.033	+45.599
YOY	-833.500	0.195	-833.695
5Y	-151.923	0.108	-152.031
10Y	23.288	0.143	+23.145

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Asia Precision Public Company Limited is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Metal Fabrication industry mean).
A PB ratio of 1.46 means the investor is paying ฿1.46 for each ฿1 in book value.

Let's take a look of the Price to Book Ratio trends of Asia Precision Public Company Limited:

The EOD is 1.431. Good. +1
The MRQ is 1.461. Good. +1
The TTM is 1.668. Good. +1

Trends

Current period		Compared to		+/-
EOD	1.431	MRQ	1.461	-0.029
MRQ	1.461	TTM	1.668	-0.208
TTM	1.668	YOY	1.847	-0.179
TTM	1.668	5Y	1.869	-0.200
5Y	1.869	10Y	2.027	-0.158

Compared to industry (Metal Fabrication)

Period	Company	Industry (mean)	+/-
EOD	1.431	1.405	+0.026
MRQ	1.461	1.513	-0.052
TTM	1.668	1.743	-0.075
YOY	1.847	1.496	+0.351
5Y	1.869	1.311	+0.558
10Y	2.027	1.053	+0.974

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Asia Precision Public Company Limited compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-	0.111	-100%	0.084	-100%	0.061	-100%	0.050	-100%
Book Value Growth	-	-	0.971	0.972	0%	0.972	0%	0.972	0%	0.972	0%
Book Value Per Share	-	-	3.423	3.213	+7%	2.851	+20%	2.774	+23%	2.184	+57%
Book Value Per Share Growth	-	-	-	0.033	-100%	0.029	-100%	0.021	-100%	0.020	-100%
Current Ratio	-	-	1.735	1.783	-3%	1.836	-6%	1.881	-8%	1.131	+53%
Debt To Asset Ratio	-	-	0.509	0.489	+4%	0.448	+14%	0.420	+21%	0.366	+39%
Debt To Equity Ratio	-	-	1.218	1.053	+16%	0.819	+49%	0.802	+52%	0.645	+89%
Dividend Per Share	-	-	-	0.045	-100%	0.060	-100%	0.050	-100%	0.032	-100%
Eps	-	-	-0.092	-0.012	-87%	0.097	-195%	0.051	-281%	0.034	-369%
Eps Growth	-	-	-0.769	-10.325	+1243%	0.047	-1748%	-1.988	+159%	-1.385	+80%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	0.750	+33%
Net Profit Margin	-	-	-	0.008	-100%	0.115	-100%	0.056	-100%	0.048	-100%
Operating Margin	-	-	-	0.034	-100%	0.132	-100%	0.083	-100%	0.058	-100%
Operating Ratio	-	-	-	1.374	-100%	1.659	-100%	1.659	-100%	1.266	-100%
Pb Ratio	1.431	-2%	1.461	1.668	-12%	1.847	-21%	1.869	-22%	2.027	-28%
Pe Ratio	-53.279	+2%	-54.367	413.425	-113%	56.875	-196%	122.695	-144%	184.755	-129%
Peg Ratio	-	-	70.709	45.632	+55%	-833.500	+1279%	-151.923	+315%	23.288	+204%
Price Per Share	4.900	-2%	5.000	5.338	-6%	5.263	-5%	5.098	-2%	4.399	+14%
Profit Growth	-	-	-99.337	-29.633	-70%	97.264	-202%	52.573	-289%	67.254	-248%
Quick Ratio	-	-	1.093	1.121	-3%	1.148	-5%	1.035	+6%	0.859	+27%
Return On Assets	-	-	-0.013	-0.001	-90%	0.019	-170%	0.012	-214%	0.009	-245%
Return On Equity	-	-	-0.032	-0.004	-86%	0.034	-193%	0.020	-255%	0.015	-309%
Total Gains Per Share	-	-	-	0.156	-100%	0.144	-100%	0.111	-100%	0.083	-100%
Usd Book Value	-	-	64845695.155	60865228.911	+7%	54009388.473	+20%	52547905.924	+23%	41379423.780	+57%
Usd Book Value Change Per Share	-	-	-	0.003	-100%	0.002	-100%	0.002	-100%	0.001	-100%
Usd Book Value Per Share	-	-	0.098	0.092	+7%	0.082	+20%	0.080	+23%	0.063	+57%
Usd Dividend Per Share	-	-	-	0.001	-100%	0.002	-100%	0.001	-100%	0.001	-100%
Usd Eps	-	-	-0.003	0.000	-87%	0.003	-195%	0.001	-281%	0.001	-369%
Usd Price Per Share	0.141	-2%	0.144	0.153	-6%	0.151	-5%	0.146	-2%	0.126	+14%
Usd Profit	-	-	-1742062.678	-231946.858	-87%	1835398.206	-195%	963874.487	-281%	647278.065	-369%
Usd Revenue	-	-	-	14517431.378	-100%	17152595.413	-100%	16283779.943	-100%	11590149.625	-100%
Usd Total Gains Per Share	-	-	-	0.004	-100%	0.004	-100%	0.003	-100%	0.002	-100%
	EOD	+2 -2	MRQ	TTM	+8 -23	YOY	+7 -24	5Y	+9 -22	10Y	+11 -21

3.2. Fundamental Score

Let's check the fundamental score of Asia Precision Public Company Limited based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-53.279
Price to Book Ratio (EOD)	Between	0-1	1.431
Net Profit Margin (MRQ)	Greater than	0	0.000
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	1.093
Current Ratio (MRQ)	Greater than	1	1.735
Debt to Asset Ratio (MRQ)	Less than	1	0.509
Debt to Equity Ratio (MRQ)	Less than	1	1.218
Return on Equity (MRQ)	Greater than	0.15	-0.032
Return on Assets (MRQ)	Greater than	0.05	-0.013
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

3.3. Technical Score

Let's check the technical score of Asia Precision Public Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	4.820
Total			0/1 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2021-09-30		2021-12-31		2022-03-31		2022-06-30		2022-09-30
EBIT		66,707	-44,867	21,841	30,174	52,015	-31,631	20,385	-60,215	-39,831

Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in THB. All numbers in thousands.

Summary

	As reported
Total Liabilities	-
Total Stockholder Equity	+ -
Total Assets	= -

Assets

Total Assets	-
Total Current Assets	2,894,379
Long-term Assets	2,894,379

Total Current Assets

Total Current Assets (as reported)	2,894,379
Net Receivables	1,823,365
Inventory	299,870
Other Current Assets	140,438
Total Current Assets (calculated)	2,263,674
+/-	630,705

Long-term Assets

Long-term Assets (as reported)	0
Property Plant Equipment	973,799
Long-term Assets (calculated)	973,799
+/-	973,799

Liabilities & Shareholders' Equity

Total Current Liabilities	1,668,623
Long-term Liabilities	-
Total Stockholder Equity	-

Total Current Liabilities

Total Current Liabilities (as reported)	1,668,623
Accounts payable	751,385
Other Current Liabilities	329,967
Total Current Liabilities (calculated)	1,081,352
+/-	587,272

Long-term Liabilities

Long-term Liabilities (as reported)	0
Long-term Liabilities (calculated)	0
+/-	0

Total Stockholder Equity

Total Stockholder Equity (as reported)	0
Retained Earnings	745,687
Total Stockholder Equity (calculated)	745,687
+/-	745,687

Other

Net Tangible Assets	1,734,055

Balance Sheet

Currency in THB. All numbers in thousands.

Trend

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

> Total Assets

966,097
0
1,096,020
1,351,229
1,328,597
1,566,058
1,642,324
1,611,406
1,587,749
1,578,573
1,608,315
1,498,726
1,420,910
1,370,182
1,297,556
1,238,216
1,214,206
1,196,939
1,169,960
1,145,818
1,428,838
1,834,770
1,825,103
1,784,137
1,706,382
1,778,978
1,811,038
1,884,231
1,871,881
1,982,205
2,579,206
2,914,091
2,886,731
2,970,876
3,021,056
3,332,968
3,134,734
3,287,833
2,902,018
3,404,274
3,166,950
3,290,798
3,665,120
3,549,702
3,560,477
3,913,660
4,603,300
0

4,603,300

3,913,660

3,560,477

3,549,702

3,665,120

3,290,798

3,166,950

3,404,274

2,902,018

3,287,833

3,134,734

3,332,968

3,021,056

2,970,876

2,886,731

2,914,091

2,579,206

1,982,205

1,871,881

1,884,231

1,811,038

1,778,978

1,706,382

1,784,137

1,825,103

1,834,770

1,428,838

1,145,818

1,169,960

1,196,939

1,214,206

1,238,216

1,297,556

1,370,182

1,420,910

1,498,726

1,608,315

1,578,573

1,587,749

1,611,406

1,642,324

1,566,058

1,328,597

1,351,229

1,096,020

966,097

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
484,573
591,795
653,184
727,463
737,626
876,262
1,486,597
1,830,969
1,822,379
1,932,312
1,992,397
2,329,178
2,127,750
2,259,652
1,877,607
2,363,804
2,174,724
2,311,893
2,713,032
2,615,742
2,623,821
2,966,235
3,597,531
2,894,379

2,894,379

3,597,531

2,966,235

2,623,821

2,615,742

2,713,032

2,311,893

2,174,724

2,363,804

1,877,607

2,259,652

2,127,750

2,329,178

1,992,397

1,932,312

1,822,379

1,830,969

1,486,597

876,262

737,626

727,463

653,184

591,795

484,573

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
141,730
196,631
221,544
256,876
319,929
349,530
359,267
374,321
437,102
597,933
614,745
625,310
606,286
657,075
601,793
433,567
537,956
516,636
729,884
711,359
596,387
469,454
701,365
0

701,365

469,454

596,387

711,359

729,884

516,636

537,956

433,567

601,793

657,075

606,286

625,310

614,745

597,933

437,102

374,321

359,267

349,530

319,929

256,876

221,544

196,631

141,730

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126
8,703
0
0
0
0

8,703

126

Net Receivables

136,975
0
151,567
156,335
132,592
196,005
224,778
191,677
191,352
230,434
249,306
161,197
167,116
158,841
163,470
135,670
129,644
149,016
146,249
143,086
130,994
180,366
180,171
168,024
241,038
277,867
319,441
345,173
299,546
410,486
789,711
1,183,233
1,123,413
408,740
784,301
692,695
1,356,534
1,469,066
1,130,090
1,489,113
1,363,905
1,496,455
1,661,018
1,591,367
1,522,566
1,951,530
2,330,861
1,823,365

1,823,365

2,330,861

1,951,530

1,522,566

1,591,367

1,661,018

1,496,455

1,363,905

1,489,113

1,130,090

1,469,066

1,356,534

692,695

784,301

408,740

1,123,413

1,183,233

789,711

410,486

299,546

345,173

319,441

277,867

241,038

168,024

180,171

180,366

130,994

143,086

146,249

149,016

129,644

135,670

163,470

158,841

167,116

161,197

249,306

230,434

191,352

191,677

224,778

196,005

132,592

156,335

151,567

136,975

Other Current Assets

1,596
0
3,653
4,453
1,937
3,640
10,895
7,614
3,554
4,811
3,885
5,492
5,928
7,526
4,603
5,538
5,017
1,789
1,210
2,044
1,886
5,020
4,519
4,632
6,842
14,893
14,209
12,831
10,141
16,766
12,700
1,195
6,478
12,767
12,970
14,264
24,585
7,661
17,211
35,962
39,940
29,836
58,877
91,478
104,929
99,528
112,429
140,438

140,438

112,429

99,528

104,929

91,478

58,877

29,836

39,940

35,962

17,211

7,661

24,585

14,264

12,970

12,767

6,478

1,195

12,700

16,766

10,141

12,831

14,209

14,893

6,842

4,632

4,519

5,020

1,886

2,044

1,210

1,789

5,017

5,538

4,603

7,526

5,928

5,492

3,885

4,811

3,554

7,614

10,895

3,640

1,937

4,453

3,653

1,596

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,038,564
1,028,659
1,003,789
1,006,984
1,028,181
1,024,411
1,040,470
992,226
978,906
952,088
933,960
936,655
947,425
1,005,769
0

1,005,769

947,425

936,655

933,960

952,088

978,906

992,226

1,040,470

1,024,411

1,028,181

1,006,984

1,003,789

1,028,659

1,038,564

Property Plant Equipment

672,241
0
760,511
809,106
950,605
1,118,613
1,167,246
1,161,935
1,141,049
1,115,199
1,100,109
1,053,796
1,046,422
1,020,709
958,048
927,557
897,725
870,079
841,919
810,570
779,129
1,135,943
1,119,261
1,088,637
1,053,832
1,025,064
996,750
988,836
961,268
937,303
916,106
894,904
876,317
857,230
844,725
821,684
791,289
797,610
794,038
774,415
762,727
746,927
734,062
716,851
732,688
732,433
726,782
973,799

973,799

726,782

732,433

732,688

716,851

734,062

746,927

762,727

774,415

794,038

797,610

791,289

821,684

844,725

857,230

876,317

894,904

916,106

937,303

961,268

988,836

996,750

1,025,064

1,053,832

1,088,637

1,119,261

1,135,943

779,129

810,570

841,919

870,079

897,725

927,557

958,048

1,020,709

1,046,422

1,053,796

1,100,109

1,115,199

1,141,049

1,161,935

1,167,246

1,118,613

950,605

809,106

760,511

672,241

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
40,806
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

40,806

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,240
14,263
14,272
14,305
14,328
14,370
52,400
19,994
5,774
5,951
14,418
14,660
14,779
14,933
0

14,933

14,779

14,660

14,418

5,951

5,774

19,994

52,400

14,370

14,328

14,305

14,272

14,263

18,240

Intangible Assets

5,524
0
4,637
4,804
4,317
3,845
3,614
3,671
3,197
2,698
2,193
1,685
1,258
1,073
1,505
1,782
1,531
1,325
1,139
992
862
154,493
163,009
161,508
160,073
158,582
157,161
155,822
154,306
152,990
151,516
150,124
148,683
147,216
145,982
145,057
143,796
145,938
144,423
142,730
140,996
139,257
137,666
137,449
137,089
136,472
134,649
0

134,649

136,472

137,089

137,449

137,666

139,257

140,996

142,730

144,423

145,938

143,796

145,057

145,982

147,216

148,683

150,124

151,516

152,990

154,306

155,822

157,161

158,582

160,073

161,508

163,009

154,493

862

992

1,139

1,325

1,531

1,782

1,505

1,073

1,258

1,685

2,193

2,698

3,197

3,671

3,614

3,845

4,317

4,804

4,637

5,524

Long-term Assets Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,877
19,663
18,714
53,512
66,221
37,019
64,285
20,524
20,145
19,963
20,071
19,917
19,888
85,257
0

85,257

19,888

19,917

20,071

19,963

20,145

20,524

64,285

37,019

66,221

53,512

18,714

19,663

15,877

> Total Liabilities

476,865
0
535,559
365,059
426,553
638,885
735,334
680,307
635,518
625,156
713,047
605,010
539,465
507,591
458,808
415,499
405,166
391,391
363,291
331,560
289,896
527,535
508,203
461,770
330,981
402,122
386,068
429,625
401,265
477,342
991,306
1,248,868
1,185,329
1,201,775
1,192,300
1,433,954
1,259,237
1,477,219
1,152,453
1,658,474
1,376,446
1,413,959
1,772,638
1,582,088
1,598,474
1,911,568
2,343,868
0

2,343,868

1,911,568

1,598,474

1,582,088

1,772,638

1,413,959

1,376,446

1,658,474

1,152,453

1,477,219

1,259,237

1,433,954

1,192,300

1,201,775

1,185,329

1,248,868

991,306

477,342

401,265

429,625

386,068

402,122

330,981

461,770

508,203

527,535

289,896

331,560

363,291

391,391

405,166

415,499

458,808

507,591

539,465

605,010

713,047

625,156

635,518

680,307

735,334

638,885

426,553

365,059

535,559

476,865

> Total Current Liabilities

341,865
0
375,431
354,364
414,052
497,601
539,037
337,608
280,648
292,929
403,583
289,615
252,114
244,680
225,437
188,600
208,891
222,173
221,130
216,456
212,067
299,533
475,073
451,507
322,269
336,442
337,266
301,049
273,693
350,557
867,048
1,125,542
1,060,896
1,079,831
1,069,527
1,311,852
1,136,948
1,270,245
862,226
1,445,969
1,116,069
1,202,962
1,615,968
1,456,120
1,465,487
1,802,321
1,833,499
1,668,623

1,668,623

1,833,499

1,802,321

1,465,487

1,456,120

1,615,968

1,202,962

1,116,069

1,445,969

862,226

1,270,245

1,136,948

1,311,852

1,069,527

1,079,831

1,060,896

1,125,542

867,048

350,557

273,693

301,049

337,266

336,442

322,269

451,507

475,073

299,533

212,067

216,456

221,130

222,173

208,891

188,600

225,437

244,680

252,114

289,615

403,583

292,929

280,648

337,608

539,037

497,601

414,052

354,364

375,431

341,865

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
180,138
180,485
162,918
6,300
8,100
8,100
8,100
8,100
8,100
85,085
112,229
125,892
360,100
0
0
0
0
0
0
0
0
0
0
0

360,100

125,892

112,229

85,085

8,100

6,300

162,918

180,485

180,138

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
180,138
180,485
162,918
6,300
8,100
8,100
8,100
8,100
8,100
85,085
112,229
125,892
360,100
402,876
256,576
342,599
235,474
239,213
186,126
175,506
217,927
200,315
336,415
0

336,415

200,315

217,927

175,506

186,126

239,213

235,474

342,599

256,576

402,876

360,100

125,892

112,229

85,085

8,100

6,300

162,918

180,485

180,138

Accounts payable

119,180
0
118,813
129,200
93,976
125,694
138,077
136,704
98,945
102,316
109,430
99,591
95,006
83,822
80,986
81,213
87,251
97,120
95,211
86,198
78,028
92,991
93,096
92,002
100,106
151,468
125,822
130,828
119,174
192,374
508,695
780,328
767,082
633,527
787,707
952,586
526,437
456,355
255,570
562,490
482,393
511,850
926,235
752,498
818,691
1,160,041
544,677
751,385

751,385

544,677

1,160,041

818,691

752,498

926,235

511,850

482,393

562,490

255,570

456,355

526,437

952,586

787,707

633,527

767,082

780,328

508,695

192,374

119,174

130,828

125,822

151,468

100,106

92,002

93,096

92,991

78,028

86,198

95,211

97,120

87,251

81,213

80,986

83,822

95,006

99,591

109,430

102,316

98,945

136,704

138,077

125,694

93,976

129,200

118,813

119,180

Other Current Liabilities

87,685
0
61,243
83,425
176,076
265,092
221,137
77,344
56,300
24,913
30,458
34,134
36,381
31,728
12,320
15,443
15,476
14,149
15,015
19,354
23,135
18,335
24,941
28,019
42,333
5,847
49,493
71,835
53,398
70,591
246,797
229,642
175,769
0
195,365
317,626
177,691
265,373
305,769
229,810
265,474
316,993
316,789
351,294
281,447
337,124
376,026
329,967

329,967

376,026

337,124

281,447

351,294

316,789

316,993

265,474

229,810

305,769

265,373

177,691

317,626

195,365

175,769

229,642

246,797

70,591

53,398

71,835

49,493

5,847

42,333

28,019

24,941

18,335

23,135

19,354

15,015

14,149

15,476

15,443

12,320

31,728

36,381

34,134

30,458

24,913

56,300

77,344

221,137

265,092

176,076

83,425

61,243

87,685

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
121,944
122,772
122,103
122,289
206,974
290,227
212,505
260,377
210,997
156,669
125,968
132,987
109,247
510,369
0

510,369

109,247

132,987

125,968

156,669

210,997

260,377

212,505

290,227

206,974

122,289

122,103

122,772

121,944

Other Liabilities

0
0
10,128
10,695
12,501
13,299
13,659
14,356
14,763
15,958
17,152
18,346
15,994
17,057
18,121
19,185
16,287
16,956
17,625
18,294
8,745
9,351
9,632
9,904
8,405
25,208
9,017
9,386
10,684
11,227
49,407
49,655
52,843
53,336
57,149
57,665
59,935
60,371
59,273
60,139
87,436
69,511
70,594
66,993
72,693
73,303
74,410
75,351

75,351

74,410

73,303

72,693

66,993

70,594

69,511

87,436

60,139

59,273

60,371

59,935

57,665

57,149

53,336

52,843

49,655

49,407

11,227

10,684

9,386

9,017

25,208

8,405

9,904

9,632

9,351

8,745

18,294

17,625

16,956

16,287

19,185

18,121

17,057

15,994

18,346

17,152

15,958

14,763

14,356

13,659

13,299

12,501

10,695

10,128

> Total Stockholder Equity

489,232
489,232
546,413
972,830
890,025
915,498
896,465
922,662
943,712
945,466
887,515
888,520
875,186
857,505
838,747
822,717
809,040
805,548
806,669
814,258
1,138,942
1,142,206
1,128,616
1,137,100
1,194,776
1,217,249
1,267,857
1,301,043
1,320,699
1,357,119
1,420,199
1,499,261
1,538,784
1,608,530
1,662,052
1,734,145
1,708,936
1,646,540
1,588,167
1,739,337
1,784,077
1,870,217
1,885,730
1,960,966
1,955,495
1,995,526
1,924,266
0

1,924,266

1,995,526

1,955,495

1,960,966

1,885,730

1,870,217

1,784,077

1,739,337

1,588,167

1,646,540

1,708,936

1,734,145

1,662,052

1,608,530

1,538,784

1,499,261

1,420,199

1,357,119

1,320,699

1,301,043

1,267,857

1,217,249

1,194,776

1,137,100

1,128,616

1,142,206

1,138,942

814,258

806,669

805,548

809,040

822,717

838,747

857,505

875,186

888,520

887,515

945,466

943,712

922,662

896,465

915,498

890,025

972,830

546,413

489,232

Common Stock

225,000
0
225,000
300,000
300,000
300,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
330,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000
660,000

660,000

330,000

300,000

225,000

Retained Earnings

215,232
0
271,570
302,529
219,937
246,568
197,307
224,128
245,824
249,034
190,695
190,300
179,954
159,816
138,962
122,932
109,255
105,763
106,884
114,473
109,759
113,022
99,432
107,917
165,592
188,065
238,674
271,859
291,515
327,936
391,015
470,078
509,600
525,046
578,568
650,661
679,752
617,357
559,221
607,208
654,113
734,387
753,011
823,301
819,434
860,014
806,386
745,687

745,687

806,386

860,014

819,434

823,301

753,011

734,387

654,113

607,208

559,221

617,357

679,752

650,661

578,568

525,046

509,600

470,078

391,015

327,936

291,515

271,859

238,674

188,065

165,592

107,917

99,432

113,022

109,759

114,473

106,884

105,763

109,255

122,932

138,962

159,816

179,954

190,300

190,695

249,034

245,824

224,128

197,307

246,568

219,937

302,529

271,570

215,232

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-237
102,946
100,780
106,647
103,535
108,482
106,878
106,329
88,695
92,016

92,016

88,695

106,329

106,878

108,482

103,535

106,647

100,780

102,946

-237

Balance Sheet

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Accounts Payable	818,691	482,393	526,437	767,082	119,174	100,106	78,028	87,251	95,006	98,945	93,976	119,180
Capital Lease Obligations	114,251	187,736	2,105	3,212	1,432	571	-	-	-	-	-	-
Capital Stock	660,000	660,000	660,000	660,000	-	-	-	-	-	-	-	-
Cash	596,387	537,956	606,286	437,102	319,929	141,730	246,977	92,951	57,518	39,223	76,854	56,516
Common Stock	660,000	660,000	660,000	660,000	660,000	660,000	660,000	330,000	330,000	330,000	300,000	225,000
Common Stock Shares Outstanding	660,000	660,000	660,000	660,000	660,000	-	-	-	-	-	-	-
Good Will	-	-	-	-	0	-	-	-	-	-	-	-
Intangible Assets	137,089	140,996	143,796	148,683	154,306	160,073	862	1,531	1,258	3,197	4,317	5,524
Inventory	178,679	74,405	79,560	98,415	98,010	87,829	83,377	85,677	140,709	208,082	159,036	90,912
Long Term Debt	34,402	47,902	61,402	69,502	77,602	308	69,084	179,988	271,323	340,106	-	135,000
Long Term Investments	14,660	19,994	14,305	14,199	518	0	-	-	-	-	-	-
Net Invested Capital	2,207,825	2,067,452	2,130,438	1,692,645	1,499,046	-	-	-	-	-	-	-
Net Receivables	1,522,566	1,363,905	1,356,534	1,123,413	299,546	241,038	129,014	129,643	167,117	191,352	132,592	136,975
Net Tangible Assets	1,818,407	1,643,080	1,565,140	1,390,065	1,166,393	1,013,560	1,138,081	807,509	875,719	-	-	-
Net Working Capital	1,158,335	1,058,655	990,801	761,484	463,933	-	-	-	-	-	-	-
Non Current Assets Total	936,655	992,226	1,006,984	1,064,351	1,134,255	1,221,809	-	-	-	-	-	-
Non Current Liabilities Other	4,844	27,777	5	10	10	29	-	-	-	-	-	-
Non Current Liabilities Total	132,987	260,377	122,289	124,433	127,573	8,712	-	-	-	-	-	-
Non Currrent Assets Other	19,917	20,524	53,512	21,169	10,081	2,139	-	-	-	-	-	-
Other Assets	66,878	89,277	71,900	29,788	18,681	7,904	185,612	1,660	1,959	1,292	1,921	2,288
Other Current Assets	104,929	39,940	24,585	6,478	13,897	8,946	2,684	5,017	5,928	3,554	1,937	1,596
Other Current Liab	281,447	288,448	177,691	175,769	26,396	23,020	9,356	15,476	36,381	56,300	176,077	87,685
Other Liab	72,693	87,436	59,935	52,843	48,913	47,790	8,745	16,287	15,994	14,763	12,501	-
Other Stockholder Equity	106,878	100,780	-	-	-	-	-	-	-2,762	-	-	-
Property Plant Equipment	732,688	761,952	791,289	876,317	961,268	1,053,595	779,129	897,725	1,046,422	1,141,049	950,605	672,241
Retained Earnings	819,434	654,113	679,752	509,564	291,515	144,449	109,759	109,255	179,954	245,824	219,937	215,232
Short Long Term Debt	217,927	235,474	360,100	84,359	100,746	179,566	110,904	106,164	392,050	-	-	-
Short Term Debt	-	-	360,100	84,359	100,746	179,566	110,904	106,164	392,050	-	-	-
Short Term Investments	-	-	-	-	10,000	7,135	-	-	-	-	1,335	45
Total Assets	3,560,477	3,166,950	3,134,734	2,886,731	1,871,881	1,706,382	1,428,838	1,214,206	1,420,910	1,587,749	1,328,597	966,097
Total Current Assets	2,623,821	2,174,724	2,127,750	1,822,379	737,626	484,573	463,235	313,289	368,808	-	-	-
Total Current Liabilities	1,465,487	1,116,069	1,136,948	1,060,896	273,693	322,293	212,067	208,891	252,114	280,648	414,052	341,865
Total Liab	1,598,474	1,376,446	1,259,237	1,185,329	401,265	330,981	289,896	405,166	539,465	635,518	426,553	476,865
Total Stockholder Equity	1,955,495	1,784,077	1,708,936	1,538,784	1,320,698	1,194,776	1,138,942	809,040	875,186	943,712	890,025	489,232

	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31
Accounts Payable	751,385	544,677	1,160,041	818,691	752,498	926,235	511,850	482,393	562,490	255,570	456,355	526,437	952,586	787,707	633,527	767,082	780,328	508,695	192,374	119,174	130,828	125,822	151,468	100,106	92,002	93,096	92,991	78,028	86,198	95,211	97,120	87,251	81,213	80,986	83,822	95,006	99,591	109,430	102,316	98,945	136,704	138,077	125,694	93,976	129,200	118,813	-	119,180
Capital Lease Obligations	-	71,283	98,736	114,251	135,020	161,453	185,526	187,736	191,086	193,001	200,975	2,105	2,381	2,660	2,937	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	-	660,000	660,000	660,000	660,000	660,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	-	701,365	469,454	596,387	711,359	729,884	516,636	537,956	433,567	601,793	657,075	606,286	625,310	614,745	597,933	437,102	374,321	359,267	349,530	319,929	256,876	221,544	196,631	141,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	330,000	300,000	300,000	300,000	225,000	-	225,000
Common Stock Shares Outstanding	-	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,000	660,195	659,948	660,192	659,914	659,957	659,825	659,798	659,039	659,752	659,823	659,851	661,686	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	-	134,649	136,472	137,089	137,449	137,666	139,257	140,996	142,730	144,423	145,938	143,796	145,057	145,982	147,216	148,683	150,124	151,516	152,990	154,306	155,822	157,161	158,582	160,073	161,508	163,009	154,493	862	992	1,139	1,325	1,531	1,782	1,505	1,073	1,258	1,685	2,193	2,698	3,197	3,671	3,614	3,845	4,317	4,804	4,637	-	5,524
Inventory	299,870	342,263	323,639	178,679	104,685	89,178	78,709	74,405	84,236	89,459	83,019	79,560	156,792	112,717	90,532	98,415	118,202	195,293	89,480	98,010	102,584	92,714	95,332	87,829	81,765	77,426	70,791	83,377	87,328	85,627	83,774	85,677	102,484	114,307	129,631	140,709	154,867	166,854	197,128	208,082	199,650	179,577	175,482	159,036	125,510	120,702	-	90,912
Long Term Debt	-	401,446	-	34,402	37,402	38,902	43,402	47,902	-	52,402	56,902	61,402	63,202	64,102	66,802	69,502	71,302	72,202	77,625	78,660	80,666	967	1,358	308	359	23,498	218,651	69,084	96,810	124,536	152,262	179,988	207,714	215,250	245,819	271,323	297,049	292,154	316,130	340,106	328,342	182,638	127,984	-	-	150,000	-	135,000
Long Term Investments	-	14,933	14,779	14,660	14,418	5,951	5,774	19,994	52,400	14,370	14,328	14,305	14,272	14,263	18,240	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-	36,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	-	2,662,127	2,195,841	2,207,825	2,173,874	2,110,758	2,152,832	2,067,452	2,081,936	1,897,145	2,106,318	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,823,365	2,330,861	1,951,530	1,522,566	1,591,367	1,661,018	1,496,455	1,363,905	1,489,113	1,130,090	1,469,066	1,356,534	692,695	784,301	408,740	1,123,413	1,183,233	789,711	410,486	299,546	345,173	319,441	277,867	241,038	168,024	180,171	180,366	130,994	143,086	146,249	149,016	129,644	135,670	163,470	158,841	167,116	161,197	249,306	230,434	191,352	191,677	224,778	196,005	132,592	156,335	151,567	-	136,975
Net Tangible Assets	1,734,055	1,789,617	1,859,054	1,818,407	1,823,517	1,748,064	1,730,961	1,643,080	1,596,608	1,443,744	1,500,602	1,565,140	1,589,088	1,516,070	1,461,314	1,390,100	1,349,138	1,268,683	1,204,129	1,166,393	1,145,221	1,110,697	1,058,667	1,013,560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	-	1,764,032	1,163,914	1,158,335	1,159,622	1,097,064	1,108,931	1,058,655	917,835	1,015,381	989,407	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	-	1,005,769	947,425	936,655	933,960	952,088	978,906	992,226	1,040,470	1,024,411	1,028,181	1,006,984	1,003,789	1,028,659	1,038,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	-	5,037	4,838	4,844	4,930	9,241	9,009	27,777	5	5	5	5	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	-	510,369	109,247	132,987	125,968	156,669	210,997	260,377	212,505	290,227	206,974	122,289	122,103	122,772	121,944	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	85,257	19,888	19,917	20,071	19,963	20,145	20,524	64,285	37,019	66,221	53,512	18,714	19,663	15,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	385,975	144,339	78,520	66,878	79,661	80,360	92,721	88,503	123,325	85,949	84,633	71,900	37,048	37,952	34,117	39,351	38,094	24,987	168,641	172,987	167,931	161,104	162,119	167,977	163,435	269,958	259,664	186,474	2,621	3,194	3,437	3,191	6,163	5,890	5,480	3,216	3,281	3,732	4,020	4,489	4,971	4,931	5,459	6,238	6,438	6,488	-	7,812
Other Current Assets	140,438	112,429	99,528	104,929	91,478	58,877	29,836	39,940	35,962	17,211	7,661	24,585	14,264	12,970	12,767	6,478	1,195	12,700	16,766	10,141	12,831	14,209	14,893	6,842	4,632	4,519	5,020	1,886	2,044	1,210	1,789	5,017	5,538	4,603	7,526	5,928	5,492	3,885	4,811	3,554	7,614	10,895	3,640	1,937	4,453	3,653	-	1,596
Other Current Liab	329,967	376,026	337,124	281,447	351,294	316,789	316,993	265,474	229,810	305,769	265,373	177,691	317,626	195,365	0	175,769	229,642	246,797	70,591	53,398	71,835	49,493	5,847	42,333	28,019	24,941	18,335	23,135	19,354	15,015	14,149	15,476	15,443	12,320	31,728	36,381	34,134	30,458	24,913	56,300	77,344	221,137	265,092	176,076	83,425	61,243	-	87,685
Other Liab	75,351	74,410	73,303	72,693	66,993	70,594	69,511	87,436	60,139	59,273	60,371	59,935	57,665	57,149	53,336	52,843	49,655	49,407	11,227	10,684	9,386	9,017	25,208	8,405	9,904	9,632	9,351	8,745	18,294	17,625	16,956	16,287	19,185	18,121	17,057	15,994	18,346	17,152	15,958	14,763	14,356	13,659	13,299	12,501	10,695	10,128	-	-
Other Stockholder Equity	92,016	88,695	106,329	106,878	108,482	103,535	106,647	100,780	102,946	-237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	973,799	726,782	732,433	732,688	716,851	734,062	746,927	762,727	774,415	794,038	797,610	791,289	821,684	844,725	857,230	876,317	894,904	916,106	937,303	961,268	988,836	996,750	1,025,064	1,053,832	1,088,637	1,119,261	1,135,943	779,129	810,570	841,919	870,079	897,725	927,557	958,048	1,020,709	1,046,422	1,053,796	1,100,109	1,115,199	1,141,049	1,161,935	1,167,246	1,118,613	950,605	809,106	760,511	-	672,241
Retained Earnings	745,687	806,386	860,014	819,434	823,301	753,011	734,387	654,113	607,208	559,221	617,357	679,752	650,661	578,568	525,046	509,600	470,078	391,015	327,936	291,515	271,859	238,674	188,065	165,592	107,917	99,432	113,022	109,759	114,473	106,884	105,763	109,255	122,932	138,962	159,816	179,954	190,300	190,695	249,034	245,824	224,128	197,307	246,568	219,937	302,529	271,570	-	215,232
Short Long Term Debt	-	336,415	200,315	217,927	175,506	186,126	239,213	235,474	342,599	256,576	402,876	360,100	125,892	112,229	85,085	8,100	8,100	8,100	8,100	8,100	6,300	162,918	180,485	180,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	360,100	125,892	112,229	85,085	8,100	8,100	8,100	8,100	8,100	6,300	162,918	180,485	180,138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	-	-	-	-	8,703	126	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	-	4,603,300	3,913,660	3,560,477	3,549,702	3,665,120	3,290,798	3,166,950	3,404,274	2,902,018	3,287,833	3,134,734	3,332,968	3,021,056	2,970,876	2,886,731	2,914,091	2,579,206	1,982,205	1,871,881	1,884,231	1,811,038	1,778,978	1,706,382	1,784,137	1,825,103	1,834,770	1,428,838	1,145,818	1,169,960	1,196,939	1,214,206	1,238,216	1,297,556	1,370,182	1,420,910	1,498,726	1,608,315	1,578,573	1,587,749	1,611,406	1,642,324	1,566,058	1,328,597	1,351,229	1,096,020	-	966,097
Total Current Assets	2,894,379	3,597,531	2,966,235	2,623,821	2,615,742	2,713,032	2,311,893	2,174,724	2,363,804	1,877,607	2,259,652	2,127,750	2,329,178	1,992,397	1,932,312	1,822,379	1,830,969	1,486,597	876,262	737,626	727,463	653,184	591,795	484,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	1,668,623	1,833,499	1,802,321	1,465,487	1,456,120	1,615,968	1,202,962	1,116,069	1,445,969	862,226	1,270,245	1,136,948	1,311,852	1,069,527	1,079,831	1,060,896	1,125,542	867,048	350,557	273,693	301,049	337,266	336,442	322,269	451,507	475,073	299,533	212,067	216,456	221,130	222,173	208,891	188,600	225,437	244,680	252,114	289,615	403,583	292,929	280,648	337,608	539,037	497,601	414,052	354,364	375,431	-	341,865
Total Liab	-	2,343,868	1,911,568	1,598,474	1,582,088	1,772,638	1,413,959	1,376,446	1,658,474	1,152,453	1,477,219	1,259,237	1,433,954	1,192,300	1,201,775	1,185,329	1,248,868	991,306	477,342	401,265	429,625	386,068	402,122	330,981	461,770	508,203	527,535	289,896	331,560	363,291	391,391	405,166	415,499	458,808	507,591	539,465	605,010	713,047	625,156	635,518	680,307	735,334	638,885	426,553	365,059	535,559	-	476,865
Total Stockholder Equity	-	1,924,266	1,995,526	1,955,495	1,960,966	1,885,730	1,870,217	1,784,077	1,739,337	1,588,167	1,646,540	1,708,936	1,734,145	1,662,052	1,608,530	1,538,784	1,499,261	1,420,199	1,357,119	1,320,699	1,301,043	1,267,857	1,217,249	1,194,776	1,137,100	1,128,616	1,142,206	1,138,942	814,258	806,669	805,548	809,040	822,717	838,747	857,505	875,186	888,520	887,515	945,466	943,712	922,662	896,465	915,498	890,025	972,830	546,413	489,232	489,232

Cash Flow

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Begin Period Cash Flow	537,956	606,286	437,102	319,929	141,730	-	-	-	-	-	-	-
Capital Expenditures	24,348	21,180	32,812	24,841	43,129	18,488	20,226	28,574	69,576	309,697	228,547	158,501
Change In Cash	58,430	-68,330	169,185	117,173	178,199	-105,248	154,026	35,434	18,295	-	-	-
Change In Working Capital	-83,667	-90,800	-315,728	-172,903	-41,624	-	-	-	-	-	-	-
Change To Account Receivables	-286,394	-102,638	-155,660	-977,629	-63,410	-104,942	-904	24,928	4,516	-	19,930	-
Change To Inventory	-101,969	2,050	22,112	16,399	-11,419	-7,548	-81	48,101	61,634	-	-	-
Change To Liabilities	306,136	39,558	-159,746	789,853	40,035	22,062	-709	642	-15,641	-	-	-
Change To Netincome	39,569	41,597	-19,080	4,368	-7,256	31,503	6,022	1,471	12,412	-	-	-
Change To Operating Activities	-1,439	-29,769	-22,433	-1,526	-6,830	-262	-832	4,671	13,392	-	-	-
Depreciation	87,093	102,608	100,289	116,091	134,907	144,816	139,356	143,187	137,199	-	-	-
Dividends Paid	-39,599	-39,599	-65,998	-65,998	65,998	65,998	-	-	49,476	45,000	74,980	279,000
End Period Cash Flow	596,387	537,956	606,286	437,102	319,929	141,730	-	-	-	-	-	-
Free Cash Flow	227,496	43,431	-29,367	144,094	191,367	-	-	-	-	-	-	-
Investments	-32,440	-92,740	-32,806	-22,705	-51,018	-18,619	-	-	-	-	-	-
Net Borrowings	-130,780	50,934	263,440	-29,395	-5,542	-206,447	-106,164	-94,616	-72,080	-	-	-
Net Income	210,608	14,072	238,743	221,422	148,368	55,599	-7,490	-73,758	-16,270	101,604	88,678	-
Other Cashflows From Financing Activities	-	-55,000	-55,000	-55,000	-55,000	-	-	-21,474	-24,184	-	2,215	-
Other Cashflows From Investing Activities	-5,367	-14,534	-2,952	419	-11,047	-602	-1,455	-1,455	-33,885	-	-	-
Other Non Cash Items	12,772	12,134	5,927	5,962	7,465	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	-558	-	-	-	-	329,398	329,398	329,398	-	-	-
Total Cash From Financing Activities	-170,379	-43,665	197,442	-29,395	-5,542	-206,447	223,234	-116,090	-145,739	276,510	209,986	-
Total Cash From Operating Activities	254,924	68,633	4,549	169,272	234,758	119,819	136,032	166,858	175,079	151,342	102,934	241,917
Total Cashflows From Investing Activities	-32,440	-92,740	-32,806	-22,705	-51,018	-18,693	-205,240	3,124	-31,837	-	-	-

	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31
Begin Period Cash Flow	701,365	469,454	596,387	711,359	729,884	516,636	537,956	433,567	601,793	657,075	606,286	625,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	148,063	8,318	7,500	15,740	1,517	2,940	4,151	12,067	2,062	1,517	5,535	13,341	2,779	12,188	5,607	8,601	6,479	6,683	3,076	43,129	22,755	11,687	7,284	18,488	16,323	11,984	9,672	20,226	17,234	13,532	5,367	28,574	23,603	16,235	9,469	69,576	47,877	17,817	2,955	309,697	273,066	97,919	29,290	228,547	159,292	89,184	13,523	158,501	81,105	37,016	18,508
Change In Cash	-183,215	231,911	-126,933	-114,972	-18,525	213,248	-21,320	104,390	-168,226	-55,282	50,789	-19,024	10,565	16,812	160,831	62,781	15,054	9,737	29,601	63,053	35,331	24,913	54,902	-30,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-	-82,558	-107,455	-148,669	-77,270	258,017	-115,745	62,179	-159,051	167,270	-161,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	171,807	-39,521	-520,839	-53,634	78,628	-153,202	-158,187	283,940	-669,503	358,922	-75,996	105,108	-281,649	-22,041	42,922	48,894	-405,177	-503,576	-117,771	48,166	-24,279	-59,085	-28,213	-75,270	-	-	-	-	-	-	-	24,928	17,955	7,777	3,126	4,516	29,989	-	-	-	-	-	-	19,930	-	-	-	-	-	-	-
Change To Inventory	-26,708	43,081	39,423	-75,238	-15,257	-7,575	-3,900	8,809	6,898	-8,801	-4,856	81,772	-45,338	-20,977	6,656	34,992	78,003	-106,034	9,438	2,721	-9,062	2,055	-7,133	-8,309	762	3,036	12,840	-	-	-	987	48,101	34,508	23,792	11,094	61,634	50,206	39,406	8,784	-	-	-	-	-	-	-	-	-	-	-	-
Change To Liabilities	81,649	-86,941	373,828	-11,854	-140,593	426,956	31,627	-230,941	493,310	-155,176	-67,636	-400,804	239,257	-13,259	15,059	-70,900	250,736	520,491	89,525	-15,313	18,868	14,148	22,327	14,508	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	24,079	-10,655	12,613	19,280	9,567	9,123	1,599	15,530	-20,434	-11,205	57,705	-8,882	-10,296	-13,436	13,533	-9,557	4,323	10,170	-604	-1,258	-8,021	-1,994	4,017	1,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-15,593	823	133	-7,943	-47	-8,162	14,714	371	10,244	-27,675	-12,709	-17,675	3,298	-3,786	-4,271	-1,200	-3,657	252	3,079	-6,546	15	5,348	-5,642	-186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	18,810	15,377	18,542	20,402	21,856	21,717	23,118	26,398	24,269	26,377	25,563	24,433	25,087	25,629	25,466	27,670	28,803	29,119	30,499	32,933	33,432	33,636	34,906	35,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-	-39,598	-39,598	-39,598	-39,598	39,599	39,599	39,599	39,599	39,599	39,599	65,998	65,998	65,998	65,998	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,476	49,338	49,080	-	45,000	45,000	45,000	-	74,980	-	-	-	279,000	27,000	27,000	13,500
End Period Cash Flow	-	701,365	469,454	596,387	711,359	729,884	516,636	537,956	433,567	601,793	657,075	606,286	625,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-	-100,212	-44,353	-123,962	21,725	344,314	-14,582	139,364	-109,001	162,486	-149,418	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	66,000	-66,000	-66,000	-66,000	-66,000	-3,256	-8,797	19,811	-93,981	1	-18,570	-11,674	-3,594	-12,236	-5,301	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-268,168	517,350	-81,912	10,594	-45,242	-88,291	-7,841	-64,492	30,524	-179,624	264,526	231,351	11,707	23,396	-3,014	-2,081	-1,179	-7,503	-18,632	-109	14,938	-18,395	-1,976	-55,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	-60,699	-14,029	40,580	1,821	70,290	58,223	80,274	47,018	47,987	-18,537	-62,396	43,346	72,093	53,522	69,782	42,894	79,063	63,079	36,421	20,957	33,186	50,608	43,616	57,441	8,484	-	3,264	-	7,589	1,121	-	-	-	-	-	-	-	-	3,310	21,696	26,821	25,739	27,348	-	30,958	27,755	37,576	31,432	39,305	35,151	35,861
Other Cashflows From Financing Activities	302,176	-6,182	-6,182	-6,182	-6,182	-	-	255,000	255,000	255,000	-55,000	-55,000	-55,000	-	-	-9,563	-9,563	9,563	9,563	9,563	9,563	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,215	15,180	15,180	15,180	-	-	-	-
Other Cashflows From Investing Activities	32,111	-153	-120	-242	-231	-176	-4,717	32,935	-38,106	-43	-9,319	-451	-2,394	-48	-59	-56	-9,450	9,973	-49	-25	-12,881	1,859	1,859	1,405	-	-	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non Cash Items	-	3,330	2,931	1,904	2,953	3,665	4,250	-16,145	-7,883	3,772	32,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	34,008	471,569	-81,912	10,594	-45,242	-127,890	-7,841	-64,492	30,524	-219,223	209,526	165,353	11,707	23,396	-3,014	-11,643	-1,179	2,060	-18,632	-109	14,938	-18,395	-1,976	-55,782	-	-	-	221,779	-	-	-	-	-	-	-	-	-	41,260	16,321	276,510	262,902	173,462	90,800	209,986	282,704	90,555	15,180	-	-	-	-
Total Cash From Operating Activities	193,345	-91,865	-35,720	-106,831	24,785	347,400	-10,431	151,451	-106,876	164,225	-140,168	-172,702	2,452	5,652	169,147	72,846	32,161	13,579	50,687	234,758	152,998	108,765	63,961	119,819	93,930	41,344	18,771	136,032	103,904	64,502	25,694	166,858	115,316	68,356	28,857	175,079	150,063	49,433	2,572	151,342	129,984	53,210	4,639	102,934	135,036	59,526	25,723	241,917	184,069	81,223	40,611
Total Cashflows From Investing Activities	-413,876	-150,680	-8,753	-17,239	-3,148	-3,256	-8,797	19,811	-93,981	1	-18,570	-11,674	-3,594	-12,236	-5,301	1,578	-15,928	-5,902	-2,454	-18,598	-23,840	-1,496	-7,083	-834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Income Statement

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Cost Of Revenue	1,743,494	1,844,172	2,315,587	2,047,046	994,198	786,831	727,661	622,579	705,476	667,057	565,268	581,565
Ebit	241,033	61,956	293,873	262,537	166,896	225,450	-93	-63,865	-17,930	-	-	-
Ebitda	362,658	157,929	415,758	382,474	296,425	-	-	-	-	-	-	-
Gross Profit	429,164	288,630	472,564	429,773	290,545	198,098	92,599	27,766	83,237	-	-	-
Income Before Tax	260,132	36,082	306,962	257,541	152,089	52,598	-5,432	-73,551	-11,935	98,061	86,723	143,082
Income Tax Expense	49,445	27,249	54,649	32,966	15,907	5,645	2,058	412	6,481	674	1,206	624
Interest Expense	14,113	18,083	8,181	8,547	0	0	0	0	0	0	0	0
Minority Interest	-79	6,428	166,560	153,091	149,917	162,122	162,122	162,122	4,468	-	-	-
Net Income	210,608	14,072	238,743	221,457	148,368	55,599	-7,490	-73,758	-16,270	101,604	88,678	-
Net Income Applicable To Common Shares	210,608	14,072	238,743	221,422	148,368	34,455	-7,490	-73,758	-16,270	101,604	88,678	-
Net Income From Continuing Ops	210,687	8,833	252,313	224,575	136,181	46,953	-7,490	-73,963	-18,417	-	-	-
Net Interest Income	-14,113	-18,083	-8,181	-8,547	-9,065	-18,129	-	-	-	-	-	-
Operating Income	241,033	61,956	293,873	262,537	166,896	80,634	-93	-63,865	-17,930	120,080	98,623	145,417
Reconciled Depreciation	88,413	103,763	100,615	116,386	135,271	-	-	-	-	-	-	-
Selling General Administrative	188,131	226,674	178,692	167,236	123,649	123,327	92,692	92,698	115,229	137,603	112,214	96,696
Tax Provision	49,445	27,249	54,649	32,966	15,907	5,645	-	-	-	-	-	-
Total Operating Expenses	1,931,624	2,070,846	2,494,279	2,214,282	1,117,847	904,294	820,352	860,572	959,925	-	-	-
Total Other Income Expense Net	33,212	-7,791	21,270	3,551	-5,742	-9,906	-5,340	-9,686	5,995	-	-	-
Total Revenue	2,172,657	2,132,802	2,788,152	2,476,820	1,284,743	984,928	820,260	796,706	941,995	1,071,242	873,047	907,670

	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31
Cost Of Revenue	-	602,900	699,334	472,332	559,561	396,239	315,362	647,364	571,783	246,334	378,692	631,209	768,107	399,450	516,821	507,102	736,472	490,139	282,736	210,140	208,987	244,755	195,045	168,604	152,362	154,241	166,809	140,202	143,483	147,585	156,366	154,611	147,578	157,059	163,331	167,009	180,230	192,439	165,799	145,238	181,125	183,273	157,421	95,392	157,189	174,395	162,502	146,636	156,281	145,012	139,325
Ebit	-39,831	20,385	52,015	21,841	66,707	57,291	95,194	81,935	52,221	-32,745	-27,422	78,598	116,731	99,293	121,135	53,027	95,977	70,374	43,160	20,230	35,614	55,307	55,746	60,580	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	-	25,447	67,177	32,871	108,298	92,226	129,263	99,704	82,597	3,049	-27,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	66,626	108,199	73,944	110,903	102,607	141,710	116,860	96,834	31,194	43,742	94,182	128,027	109,506	140,850	99,771	137,828	110,268	112,503	89,952	100,302	118,005	117,557	122,520	73,708	64,870	81,816	48,860	63,437	59,585	60,741	44,301	44,665	40,145	45,017	58,058	74,772	55,573	78,019	102,257	104,811	108,511	91,942	52,339	92,964	59,384	85,864	83,226	87,219	81,225	78,430
Income Before Tax	-	5,980	45,686	9,256	82,985	66,319	101,573	67,141	53,642	-27,755	-56,946	51,878	89,688	72,156	93,241	52,126	92,953	76,518	35,944	16,503	32,837	54,625	48,124	57,510	5,432	-	8,541	-	7,728	1,788	-	-	-	-	-	-	2,736	-	3,073	22,029	24,898	24,722	26,411	-	31,030	27,017	37,462	32,026	39,305	35,151	35,876
Income Tax Expense	256	19,939	5,047	7,576	12,800	7,966	21,104	20,161	5,694	-6,542	7,936	6,739	19,431	12,501	15,979	12,596	15,631	3,043	1,696	-828	3,201	6,511	7,023	4,807	-	309	564	3	139	667	1,249	285	17	11	99	539	5,687	-	266	252	165	133	125	147	779	135	145	594	-	-	15
Interest Expense	-	4,090	2,949	2,878	3,116	3,869	4,249	5,840	4,333	4,107	3,804	2,288	1,956	1,508	2,428	2,055	2,066	2,177	2,249	2,375	2,126	2,403	2,162	2,756	4,740	4,930	5,705	2,361	2,614	2,940	3,359	3,554	3,907	4,528	4,728	5,565	6,626	6,032	6,327	6,207	5,098	3,942	2,173	2,002	4,307	3,232	2,358	381	696	663	629
Interest Income	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	-	-70	-59	141	105	6,753	6,622	6,428	6,463	161,398	164,074	166,560	164,868	166,704	160,571	162,618	165,962	167,702	147,744	149,917	153,562	157,112	159,607	162,122	-	-	4,713	-	-	-	-	-	-	-	175	1,110	-	-	-	82	-	-	-	-	-	-	-	-	-	-	-
Net Income	-	-14,029	40,580	1,821	70,290	58,223	80,274	47,018	47,987	-18,537	-62,396	43,346	72,093	53,522	69,782	42,894	79,063	63,079	36,421	20,957	33,186	50,608	43,616	57,567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	-60,699	-14,029	40,580	1,821	70,290	58,223	80,274	47,018	47,987	-18,537	-62,396	43,346	72,093	53,522	69,782	42,859	79,063	63,079	36,421	20,957	33,186	50,608	43,616	57,567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	-	-13,959	40,639	1,680	70,185	58,353	80,469	46,980	47,948	-21,213	-64,882	45,139	70,257	59,655	77,262	39,530	77,323	73,474	34,248	17,331	29,636	48,114	41,101	52,939	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-	-4,090	-2,949	-2,878	-3,116	-3,869	-4,249	-5,840	-4,333	-4,107	-3,804	-2,288	-1,956	-1,508	-2,428	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	20,385	52,015	21,841	66,707	57,291	95,194	81,935	52,221	-32,745	-39,455	48,541	84,398	63,289	97,645	53,027	95,977	70,374	43,160	20,230	35,613	55,307	55,745	60,303	10,153	-	13,145	-	5,661	3,021	1,568	-	-	-	-	-	12,195	-	12,035	27,850	30,223	34,829	28,584	-	35,337	-	39,821	32,408	40,001	35,815	36,505
Reconciled Depreciation	-	15,377	18,542	20,737	22,198	22,037	23,441	26,723	24,623	26,698	25,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	-	46,241	56,184	52,103	44,196	45,315	46,516	34,924	44,613	63,939	83,197	45,641	43,629	46,217	43,205	46,744	41,852	39,895	38,745	36,689	31,162	28,975	26,823	26,337	27,117	37,096	32,777	24,528	22,618	21,417	24,128	22,152	20,823	22,727	25,146	27,946	27,548	27,660	32,074	35,130	34,961	36,310	31,202	30,397	31,485	29,134	24,287	27,275	25,357	25,567	22,082
Tax Provision	-	19,939	5,047	7,576	12,800	7,966	21,104	20,161	5,694	-6,542	7,936	6,739	19,431	12,501	15,979	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	-	649,142	755,519	524,435	603,757	441,555	361,878	682,288	616,396	310,273	461,889	676,850	811,736	445,667	560,026	553,846	778,324	530,034	352,079	279,862	273,675	307,453	256,856	230,543	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	-	-10,314	-3,381	-9,707	19,393	12,897	10,628	-8,954	5,754	9,097	-13,687	5,625	7,246	10,375	-1,976	-901	-3,023	6,144	-7,216	-3,727	-2,777	-683	-7,622	-2,835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	-	669,526	807,534	546,275	670,464	498,846	457,072	764,224	668,617	277,528	422,434	725,391	896,133	508,956	657,671	606,873	874,300	600,408	395,239	300,092	309,289	362,760	312,602	291,124	226,070	219,110	248,626	189,062	206,920	207,170	217,107	198,912	192,243	197,204	208,348	225,067	255,002	248,011	243,818	247,495	285,936	291,784	249,363	147,731	250,152	233,779	248,366	229,862	243,499	226,237	217,755

Latest Income Statement (annual, 2021-12-31)

Gross Profit (+$)
totalRevenue	2,172,657
Cost of Revenue	-1,743,494
Gross Profit	429,164	429,164

Operating Income (+$)
Gross Profit	429,164
Operating Expense	-1,931,624
Operating Income	241,033	-1,502,460

Operating Expense (+$)
Research Development	-
Selling General Administrative	188,131
Selling And Marketing Expenses	-
Operating Expense	1,931,624	188,131

Net Interest Income (+$)
Interest Income	-
Interest Expense	-14,113
Net Interest Income	-14,113	-14,113

Pretax Income (+$)
Operating Income	241,033
Net Interest Income	-14,113
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	260,132	207,821 EBIT - interestExpense = 226,920 260,053 224,721
Interest Expense	14,113
Earnings Before Interest and Taxes (ebit)	241,033	274,245
Earnings Before Interest and Taxes (ebitda)	362,658

After tax Income (+$)
Income Before Tax	260,132
Tax Provision	-49,445
Net Income From Continuing Ops	210,687	210,687
Net Income	210,608
Net Income Applicable To Common Shares	210,608

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	33,212	14,113