Banpu Power Public Company Limited

Financial Health of Banpu Power Public Company Limited

Comparing to competitors in the Utilities-Independent Power Producers industry

Industry Rankings

Banpu Power Public Company Limited
Buy, Hold or Sell?

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Let's analyse Banpu Power Public Company Limited

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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited. The closing price on 2022-12-08 was ฿15.70 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.

Banpu Power Public Company Limited Daily Candlestick Chart

Summary

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.
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 not 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 very able to pay all its debts with equity.

1.1. Profitability of Banpu Power Public Company Limited.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
A Net Profit Margin of 46.7% means that ฿0.47 for each ฿1 in revenue is generated as profit.

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

The MRQ is 46.7%. The company is making a huge profit. +2
The TTM is 37.5%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	46.7%	TTM	37.5%	+9.2%
TTM	37.5%	YOY	79.6%	-42.1%
TTM	37.5%	5Y	59.9%	-22.4%
5Y	59.9%	10Y	58.9%	+1.0%

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	46.7%	7.8%	+38.9%
TTM	37.5%	4.3%	+33.2%
YOY	79.6%	5.0%	+74.6%
5Y	59.9%	5.3%	+54.6%
10Y	58.9%	4.7%	+54.2%

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

Revenue is the amount of profit Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
Can be used to compare companies within the Utilities-Independent Power Producers industry.

You typically want a high profit margin. This means that for each ฿1 in sales, Banpu Power Public Company Limited makes more profit. This shows the investor how efficiently Banpu Power Public Company Limited is operating in general and compared to other companies in the same industry. Banpu Power Public Company Limited operates in the Utilities-Independent Power Producers industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Banpu Power Public Company Limited. If profit margins remain low (compared to the Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is 0.47. This means that Banpu Power Public Company Limited earned ฿0.47 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 Utilities-Independent Power Producers industry is 7.8%.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited with other companies in the same industry (Utilities-Independent Power Producers).
Net profit margin should rise over the years.
Can be influenced when Banpu Power Public Company Limited sells assets (profit will increase while costs remain the same).
It won’t show what part of Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited = 2,315,177
Total revenue MRQ Banpu Power Public Company Limited = 4,955,809
฿2,315,177 / ฿4,955,809 = 0.47 or 46.7%

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 Banpu Power Public Company Limited is using its assets to generate profit.

Above 5% is considered healthy but always compare Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
2.8% Return on Assets means that Banpu Power Public Company Limited generated ฿0.03 profit for each $1 in assets.

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

The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
The TTM is 2.0%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	2.0%	+0.8%
TTM	2.0%	YOY	1.9%	+0.1%
TTM	2.0%	5Y	1.7%	+0.3%
5Y	1.7%	10Y	2.0%	-0.2%

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	0.9%	+1.9%
TTM	2.0%	0.5%	+1.5%
YOY	1.9%	0.6%	+1.3%
5Y	1.7%	0.6%	+1.1%
10Y	2.0%	0.6%	+1.4%

Shows how efficient Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is using its resources to generate profit. If the return on assets (2.8%) from Banpu Power Public Company Limited are higher than the Utilities-Independent Power Producers mean (0.9%) that means Banpu Power 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 Banpu Power Public Company Limited is 2.8%. This means the company generated ฿0.03 for each ฿1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Utilities-Independent Power Producers industry is 0.9%.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited

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

Income statement
Balance sheet

Net income MRQ (income statement) from Banpu Power Public Company Limited = 2,315,177
Total assets MRQ (balance sheet) from Banpu Power Public Company Limited = 84,100,810
2,315,177 / 84,100,810 = 0.03 or 2.8%

ROA is an important ratio as it will tell you how effectively Banpu Power 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 Banpu Power Public Company Limited is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
4.5% Return on Equity means Banpu Power Public Company Limited generated ฿0.04 for each ฿1 the owners (shareholders) invested.

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

The MRQ is 4.5%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.2%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.5%	TTM	3.2%	+1.3%
TTM	3.2%	YOY	2.3%	+0.9%
TTM	3.2%	5Y	2.3%	+0.9%
5Y	2.3%	10Y	6.0%	-3.7%

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	4.5%	2.8%	+1.7%
TTM	3.2%	1.7%	+1.5%
YOY	2.3%	1.5%	+0.8%
5Y	2.3%	1.4%	+0.9%
10Y	6.0%	1.4%	+4.6%

Shows how efficient Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is 4.5%. This means Banpu Power Public Company Limited generated ฿0.04 for each ฿1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities-Independent Power Producers industry is 2.8%.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power Public Company Limited up to 10 years back (depending if Banpu Power 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 Banpu Power Public Company Limited

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Banpu Power Public Company Limited = 2,315,177
Shareholders equity (balance sheet) MRQ Banpu Power Public Company Limited = 51,586,570
2,315,177 / 51,586,570 = 0.04 or 4.5%

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 Banpu Power Public Company Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Banpu Power Public Company Limited is operating .

Measures how much profit Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
An Operating Margin of 5.7% means the company generated ฿0.06 for each ฿1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Banpu Power Public Company Limited:

The MRQ is 5.7%. The company is operating less efficient.
The TTM is -5.5%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	5.7%	TTM	-5.5%	+11.2%
TTM	-5.5%	YOY	-2.7%	-2.8%
TTM	-5.5%	5Y	20.4%	-25.9%
5Y	20.4%	10Y	13.6%	+6.8%

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	5.7%	11.5%	-5.8%
TTM	-5.5%	7.6%	-13.1%
YOY	-2.7%	11.9%	-14.6%
5Y	20.4%	11.5%	+8.9%
10Y	13.6%	10.2%	+3.4%

Measures how efficient Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Banpu Power 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 Banpu Power Public Company Limited is 5.7%. This means that Banpu Power Public Company Limited earned ฿0.06 for each ฿1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities-Independent Power Producers industry is 11.5%.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Banpu Power Public Company Limited = 188,970
Total revenue MRQ Banpu Power Public Company Limited = 4,955,809
฿188,970 / ฿4,955,809 = 0.06 or 5.7%

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 Banpu Power Public Company Limited is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities-Independent Power Producers industry mean).
An Operation Ratio of 1.84 means that the operating costs are ฿1.84 for each ฿1 in net sales.

Let's take a look of the Operating Ratio trends of Banpu Power Public Company Limited:

The MRQ is 1.841. The company is inefficient in keeping operating costs low. -1
The TTM is 1.971. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.841	TTM	1.971	-0.131
TTM	1.971	YOY	2.110	-0.139
TTM	1.971	5Y	1.892	+0.079
5Y	1.892	10Y	1.461	+0.432

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	1.841	1.396	+0.445
TTM	1.971	1.248	+0.723
YOY	2.110	1.136	+0.974
5Y	1.892	1.075	+0.817
10Y	1.461	0.992	+0.469

Measures how efficient Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is 184.1%. This means that Banpu Power Public Company Limited earned ฿1.84 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 Utilities-Independent Power Producers industry is 1.40.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power 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
(4,354,961 +4,766,839) \ 4,955,809 = 1.84

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 Banpu Power Public Company Limited.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Banpu Power Public Company Limited is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Utilities-Independent Power Producers industry mean).
A Current Ratio of 2.18 means the company has ฿2.18 in assets for each ฿1 in short-term debts.

Let's take a look of the Current Ratio trends of Banpu Power Public Company Limited:

The MRQ is 2.181. The company is able to pay all its short-term debts. +1
The TTM is 1.508. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.181	TTM	1.508	+0.673
TTM	1.508	YOY	1.254	+0.254
TTM	1.508	5Y	1.517	-0.009
5Y	1.517	10Y	1.036	+0.481

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	2.181	1.153	+1.028
TTM	1.508	1.067	+0.441
YOY	1.254	0.998	+0.256
5Y	1.517	1.023	+0.494
10Y	1.036	0.910	+0.126

Measures if Banpu Power 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 Utilities-Independent Power Producers 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 Banpu Power 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 Banpu Power Public Company Limited is 2.18. This means Banpu Power Public Company Limited has ฿2.18 in assets for each ฿1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities-Independent Power Producers industry is 1.15.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
13,063,693 \ 5,990,066) = 2.18

The current ratio measures if Banpu Power 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 Banpu Power 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 Banpu Power 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 Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
A Quick Ratio of 0.85 means the company can pay off ฿0.85 for each ฿1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Banpu Power Public Company Limited:

The MRQ is 0.848. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.664. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.848	TTM	0.664	+0.184
TTM	0.664	YOY	0.840	-0.175
TTM	0.664	5Y	0.687	-0.023
5Y	0.687	10Y	0.557	+0.130

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	0.848	0.603	+0.245
TTM	0.664	0.577	+0.087
YOY	0.840	0.585	+0.255
5Y	0.687	0.529	+0.158
10Y	0.557	0.533	+0.024

Measures if Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Banpu Power Public Company Limited can pay off its short term debts. This shows if Banpu Power 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 Banpu Power Public Company Limited is 0.85. This means that Banpu Power Public Company Limited can pay off ฿0.85 for each ฿1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities-Independent Power Producers industry is 0.60.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited: ( + 21,802 +5,057,906) / 5,990,066 = 0.85

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 Banpu Power Public Company Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Banpu Power Public Company Limited assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Banpu Power Public Company Limited to Utilities-Independent Power Producers industry mean.
A Debt to Asset Ratio of 0.33 means that Banpu Power Public Company Limited assets are financed with 32.8% credit (debt) and the remaining percentage (100% - 32.8%) is financed by its owners/shareholders.

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

The MRQ is 0.328. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.337. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.328	TTM	0.337	-0.009
TTM	0.337	YOY	0.175	+0.162
TTM	0.337	5Y	0.215	+0.122
5Y	0.215	10Y	0.296	-0.081

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	0.328	0.582	-0.254
TTM	0.337	0.602	-0.265
YOY	0.175	0.590	-0.415
5Y	0.215	0.582	-0.367
10Y	0.296	0.572	-0.276

Measures how much % of Banpu Power Public Company Limited assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Banpu Power 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 Banpu Power Public Company Limited to Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is 0.33. This means means that Banpu Power Public Company Limited is financed with 32.8% 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 Utilities-Independent Power Producers industry is 115.3%.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited

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

Balance sheet
Debt to asset ratio = total debt \ total assets
27,569,451 \ 84,100,810 = 32.8% or 0.33.

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 Banpu Power Public Company Limited is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
A Debt to Equity ratio of 53.4% means that company has ฿0.53 debt for each ฿1 in shareholders equity.

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

The MRQ is 0.534. The company is very able to pay all its debts with equity. +2
The TTM is 0.550. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.534	TTM	0.550	-0.015
TTM	0.550	YOY	0.217	+0.333
TTM	0.550	5Y	0.295	+0.255
5Y	0.295	10Y	1.027	-0.732

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	0.534	1.263	-0.729
TTM	0.550	1.663	-1.113
YOY	0.217	1.600	-1.383
5Y	0.295	1.716	-1.421
10Y	1.027	1.642	-0.615

Measures if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited is 0.53. This means that Banpu Power Public Company Limited can pay off ฿0.53 for each ฿1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities-Independent Power Producers industry is 1.26.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power Public Company Limited

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
27,569,451 \ 51,586,570 = 0.53 or 53.4%

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 Banpu Power 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 Banpu Power Public Company Limited generates.

Above 15 is considered overpriced but always compare Banpu Power Public Company Limited to the Utilities-Independent Power Producers industry mean.
A PE ratio of 18.96 means the investor is paying ฿18.96 for every ฿1 in earnings.

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

The EOD is 20.668. Very good. +2
The MRQ is 18.956. Very good. +2
The TTM is 60.321. Neutral. Compare to industry.

Trends

Current period		Compared to		+/-
EOD	20.668	MRQ	18.956	+1.711
MRQ	18.956	TTM	60.321	-41.365
TTM	60.321	YOY	59.045	+1.276
TTM	60.321	5Y	62.960	-2.639
5Y	62.960	10Y	46.678	+16.282

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
EOD	20.668	26.507	-5.839
MRQ	18.956	23.846	-4.890
TTM	60.321	24.080	+36.241
YOY	59.045	47.564	+11.481
5Y	62.960	37.604	+25.356
10Y	46.678	28.440	+18.238

Measures how much money you pay for each share for every ฿1 in earnings Banpu Power 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 Banpu Power Public Company Limited to the Utilities-Independent Power Producers 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 Banpu Power Public Company Limited is 18.96. This means the investor is paying ฿18.96 for every ฿1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities-Independent Power Producers industry is 23.85.
What is the trend?
The trend is important because it shows you how Banpu Power Public Company Limited is performing over time. The most recent quarter might be important if Banpu Power 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 Banpu Power 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 Banpu Power 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
2,315,177 \ 3,047,732 = EPS
PE ratio MRQ = 18.96

* 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 Banpu Power 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 Banpu Power Public Company Limited:

The MRQ is 26.926. Seems overpriced? -1
The TTM is -51.241. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	26.926	TTM	-51.241	+78.167
TTM	-51.241	YOY	63.483	-114.724
TTM	-51.241	5Y	38.128	-89.369
5Y	38.128	10Y	-27.759	+65.887

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
MRQ	26.926	0.149	+26.777
TTM	-51.241	0.066	-51.307
YOY	63.483	0.121	+63.362
5Y	38.128	0.070	+38.058
10Y	-27.759	0.090	-27.849

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 Banpu Power Public Company Limited is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Utilities-Independent Power Producers industry mean).
A PB ratio of 0.78 means the investor is paying ฿0.78 for each ฿1 in book value.

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

The EOD is 0.846. Very good. +2
The MRQ is 0.776. Very good. +2
The TTM is 0.912. Very good. +2

Trends

Current period		Compared to		+/-
EOD	0.846	MRQ	0.776	+0.070
MRQ	0.776	TTM	0.912	-0.135
TTM	0.912	YOY	1.206	-0.295
TTM	0.912	5Y	1.339	-0.427
5Y	1.339	10Y	1.055	+0.284

Compared to industry (Utilities-Independent Power Producers)

Period	Company	Industry (mean)	+/-
EOD	0.846	1.095	-0.249
MRQ	0.776	1.125	-0.349
TTM	0.912	1.232	-0.320
YOY	1.206	1.110	+0.096
5Y	1.339	1.063	+0.276
10Y	1.055	0.871	+0.184

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Banpu Power 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	-	-	1.472	0.794	+85%	0.421	+249%	0.283	+420%	0.562	+162%
Book Value Growth	-	-	0.974	0.973	+0%	0.972	+0%	0.972	+0%	0.971	+0%
Book Value Per Share	-	-	18.549	17.228	+8%	14.647	+27%	14.400	+29%	11.190	+66%
Book Value Per Share Growth	-	-	0.079	0.045	+74%	0.028	+179%	0.018	+352%	-0.027	+134%
Current Ratio	-	-	2.181	1.508	+45%	1.254	+74%	1.517	+44%	1.036	+111%
Debt To Asset Ratio	-	-	0.328	0.337	-3%	0.175	+87%	0.215	+53%	0.296	+11%
Debt To Equity Ratio	-	-	0.534	0.550	-3%	0.217	+146%	0.295	+81%	1.027	-48%
Dividend Per Share	-	-	0.400	0.362	+10%	0.337	+19%	0.320	+25%	0.363	+10%
Dividend Per Share Growth	-	-	0.125	0.067	+87%	-0.006	+105%	0.030	+319%	-0.167	+233%
Eps	-	-	0.760	0.516	+47%	0.325	+134%	0.327	+132%	0.314	+142%
Eps Growth	-	-	0.704	-0.573	+181%	-0.168	+124%	-0.353	+150%	-0.304	+143%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	0.970	+3%
Net Profit Margin	-	-	0.467	0.375	+25%	0.796	-41%	0.599	-22%	0.589	-21%
Operating Margin	-	-	0.057	-0.055	+196%	-0.027	+148%	0.204	-72%	0.136	-58%
Operating Ratio	-	-	1.841	1.971	-7%	2.110	-13%	1.892	-3%	1.461	+26%
Pb Ratio	0.846	+8%	0.776	0.912	-15%	1.206	-36%	1.339	-42%	1.055	-26%
Pe Ratio	20.668	+8%	18.956	60.321	-69%	59.045	-68%	62.960	-70%	46.678	-59%
Peg Ratio	-	-	26.926	-51.241	+290%	63.483	-58%	38.128	-29%	-27.759	+203%
Price Per Share	15.700	+8%	14.400	15.625	-8%	17.675	-19%	18.873	-24%	14.541	-1%
Price To Total Gains Ratio	8.388	+8%	7.694	17.906	-57%	25.286	-70%	39.263	-80%	39.490	-81%
Profit Growth	-	-	99.151	95.486	+4%	96.648	+3%	86.408	+15%	90.231	+10%
Quick Ratio	-	-	0.848	0.664	+28%	0.840	+1%	0.687	+23%	0.557	+52%
Return On Assets	-	-	0.028	0.020	+39%	0.019	+49%	0.017	+59%	0.020	+40%
Return On Equity	-	-	0.045	0.032	+41%	0.023	+97%	0.023	+95%	0.060	-25%
Revenue Growth	-	-	0.975	0.979	0%	0.968	+1%	0.971	+0%	0.971	+0%
Total Gains Per Share	-	-	1.872	1.156	+62%	0.759	+147%	0.603	+211%	0.925	+102%
Total Gains Per Share Growth	-	-	0.782	-0.170	+122%	-0.191	+124%	-1.825	+333%	-1.146	+247%
Usd Book Value	-	-	1622450003.300	1506932072.800	+8%	1281128379.650	+27%	1260944606.705	+29%	979669425.318	+66%
Usd Book Value Change Per Share	-	-	0.042	0.023	+85%	0.012	+249%	0.008	+420%	0.016	+162%
Usd Book Value Per Share	-	-	0.532	0.494	+8%	0.420	+27%	0.413	+29%	0.321	+66%
Usd Dividend Per Share	-	-	0.011	0.010	+10%	0.010	+19%	0.009	+25%	0.010	+10%
Usd Eps	-	-	0.022	0.015	+47%	0.009	+134%	0.009	+132%	0.009	+142%
Usd Price Per Share	0.451	+8%	0.413	0.448	-8%	0.507	-19%	0.542	-24%	0.417	-1%
Usd Profit	-	-	66445579.900	45127169.675	+47%	28395241.875	+134%	28647735.865	+132%	27433561.623	+142%
Usd Revenue	-	-	142231718.300	116645603.725	+22%	38380840.050	+271%	56982413.565	+150%	52132287.200	+173%
Usd Total Gains Per Share	-	-	0.054	0.033	+62%	0.022	+147%	0.017	+211%	0.027	+102%
	EOD	+2 -3	MRQ	TTM	+31 -4	YOY	+30 -5	5Y	+29 -6	10Y	+28 -8

3.2. Fundamental Score

Let's check the fundamental score of Banpu Power 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	20.668
Price to Book Ratio (EOD)	Between	0-1	0.846
Net Profit Margin (MRQ)	Greater than	0	0.467
Operating Margin (MRQ)	Greater than	0	0.057
Quick Ratio (MRQ)	Greater than	1	0.848
Current Ratio (MRQ)	Greater than	1	2.181
Debt to Asset Ratio (MRQ)	Less than	1	0.328
Debt to Equity Ratio (MRQ)	Less than	1	0.534
Return on Equity (MRQ)	Greater than	0.15	0.045
Return on Assets (MRQ)	Greater than	0.05	0.028
Total			6/10 (60.0%)

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 Banpu Power Public Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	15.600
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

Latest Balance Sheet

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

Summary

Total Assets	84,100,810
Total Liabilities	27,569,451
Total Stockholder Equity	51,586,570

	As reported
Total Liabilities	27,569,451
Total Stockholder Equity	+ 51,586,570
Total Assets	= 84,100,810

Assets

Total Assets	84,100,810
Total Current Assets	13,063,693
Long-term Assets	13,063,693

Total Current Assets

Total Current Assets (as reported)	13,063,693
Cash And Cash Equivalents	6,243,314
Short-term Investments	21,802
Net Receivables	5,057,906
Inventory	1,259,313
Other Current Assets	481,358
Total Current Assets (calculated)	13,063,693
+/-	0

Long-term Assets

Long-term Assets (as reported)	71,037,117
Property Plant Equipment	25,764,302
Goodwill	48,075
Long Term Investments	39,958,732
Other Assets	5,266,008
Long-term Assets (calculated)	71,037,117
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	5,990,066
Long-term Liabilities	21,579,385
Total Stockholder Equity	51,586,570

Total Current Liabilities

Total Current Liabilities (as reported)	5,990,066
Short Long Term Debt	3,059,300
Accounts payable	366,622
Other Current Liabilities	850,688
Total Current Liabilities (calculated)	4,276,610
+/-	1,713,456

Long-term Liabilities

Long-term Liabilities (as reported)	21,579,385
Long term Debt	21,373,870
Capital Lease Obligations Min Short Term Debt	21,435
Other Liabilities	197,467
Long-term Liabilities (calculated)	21,592,772
+/-	13,387

Total Stockholder Equity

Total Stockholder Equity (as reported)	51,586,570
Common Stock	30,477,317
Retained Earnings	15,928,455
Total Stockholder Equity (calculated)	46,405,772
+/-	5,180,798

Other

Capital Stock	30,477,317
Common Stock Shares Outstanding	3,047,732
Net Debt	18,189,856
Net Invested Capital	76,019,740
Net Tangible Assets	51,538,495
Net Working Capital	7,073,627

Balance Sheet

Currency in THB. All numbers in thousands.

Trend

2022-09-30

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2022-03-31

2021-12-31

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2021-06-30

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2020-12-31

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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

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-03-31

2013-12-31

2012-12-31

2011-12-31

> Total Assets

12,575,850
13,377,747
19,183,726
0
20,867,094
20,871,013
0
22,383,620
29,199,829
0
38,669,314
39,377,436
42,962,856
43,539,379
46,084,006
46,642,894
47,697,646
49,168,410
50,711,818
49,667,850
51,566,130
51,602,179
50,248,919
49,582,234
48,807,672
49,481,218
52,141,416
52,907,376
49,562,778
54,073,867
55,094,581
57,947,274
74,866,765
76,204,791
81,670,500
84,100,810

84,100,810

81,670,500

76,204,791

74,866,765

57,947,274

55,094,581

54,073,867

49,562,778

52,907,376

52,141,416

49,481,218

48,807,672

49,582,234

50,248,919

51,602,179

51,566,130

49,667,850

50,711,818

49,168,410

47,697,646

46,642,894

46,084,006

43,539,379

42,962,856

39,377,436

38,669,314

29,199,829

22,383,620

20,871,013

20,867,094

19,183,726

13,377,747

12,575,850

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
5,805,960
4,683,873
3,411,577
3,471,973
4,345,448
4,914,564
3,349,492
3,859,805
4,228,621
5,370,421
10,942,147
9,731,975
8,898,504
9,803,193
13,042,705
10,906,796
7,518,569
8,344,395
7,021,982
7,355,895
9,882,518
10,694,650
14,002,893
13,063,693

13,063,693

14,002,893

10,694,650

9,882,518

7,355,895

7,021,982

8,344,395

7,518,569

10,906,796

13,042,705

9,803,193

8,898,504

9,731,975

10,942,147

5,370,421

4,228,621

3,859,805

3,349,492

4,914,564

4,345,448

3,471,973

3,411,577

4,683,873

5,805,960

Cash And Cash Equivalents

0
0
0
0
0
0
0
0
0
0
0
0
1,152,784
931,040
692,127
955,126
1,129,197
2,498,576
1,050,489
1,547,227
1,442,979
2,538,979
8,017,704
5,264,182
3,342,710
2,626,991
8,235,138
6,047,412
2,169,033
2,653,214
1,387,939
1,196,150
2,634,854
4,275,343
7,367,235
6,243,314

6,243,314

7,367,235

4,275,343

2,634,854

1,196,150

1,387,939

2,653,214

2,169,033

6,047,412

8,235,138

2,626,991

3,342,710

5,264,182

8,017,704

2,538,979

1,442,979

1,547,227

1,050,489

2,498,576

1,129,197

955,126

692,127

931,040

1,152,784

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
329,587
490,676
25,095
355,554
180,522
99,566
50,014
28,244
103,921
132,216
657,500
2,335,757
3,326,047
3,247,431
231,488
320,537
332,546
348,626
314,001
427,284
529,872
577,687
343,676
21,802

21,802

343,676

577,687

529,872

427,284

314,001

348,626

332,546

320,537

231,488

3,247,431

3,326,047

2,335,757

657,500

132,216

103,921

28,244

50,014

99,566

180,522

355,554

25,095

490,676

329,587

Net Receivables

5,338,197
6,186,334
8,272,610
0
3,448,529
9,155,864
0
8,505,256
2,809,116
0
4,007,756
4,139,057
3,684,133
2,842,775
2,011,597
1,493,692
2,414,311
1,893,974
1,755,042
1,785,688
2,076,796
517,682
501,475
488,905
1,708,408
3,426,664
3,939,923
3,811,367
4,452,965
4,976,449
4,744,226
4,923,950
5,186,572
4,927,215
4,994,615
5,057,906

5,057,906

4,994,615

4,927,215

5,186,572

4,923,950

4,744,226

4,976,449

4,452,965

3,811,367

3,939,923

3,426,664

1,708,408

488,905

501,475

517,682

2,076,796

1,785,688

1,755,042

1,893,974

2,414,311

1,493,692

2,011,597

2,842,775

3,684,133

4,139,057

4,007,756

2,809,116

8,505,256

9,155,864

3,448,529

8,272,610

6,186,334

5,338,197

Inventory

0
0
742,343
0
659,415
659,415
0
343,239
408,156
0
348,963
313,838
487,362
271,383
451,574
493,544
489,060
313,772
358,492
386,012
476,702
264,994
365,648
453,757
426,917
283,769
431,300
489,573
505,037
202,277
390,585
460,374
1,186,203
435,068
997,887
1,259,313

1,259,313

997,887

435,068

1,186,203

460,374

390,585

202,277

505,037

489,573

431,300

283,769

426,917

453,757

365,648

264,994

476,702

386,012

358,492

313,772

489,060

493,544

451,574

271,383

487,362

313,838

348,963

408,156

343,239

659,415

742,343

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
46,231,758
39,306,772
39,850,259
39,909,168
39,678,025
39,098,711
42,000,580
42,044,209
45,729,472
48,072,599
50,591,379
64,984,247
65,510,141
67,667,607
71,037,117

71,037,117

67,667,607

65,510,141

64,984,247

50,591,379

48,072,599

45,729,472

42,044,209

42,000,580

39,098,711

39,678,025

39,909,168

39,850,259

39,306,772

46,231,758

Property Plant Equipment

269
806
5,346,547
0
5,353,496
5,353,496
0
5,439,755
5,912,990
0
5,775,866
8,017,811
8,443,230
10,540,166
11,504,062
11,705,471
11,993,462
11,987,255
12,222,968
11,605,539
12,231,547
12,307,940
11,650,142
11,827,768
11,895,521
8,347,828
8,104,363
8,649,039
8,570,107
8,756,907
9,022,613
9,457,784
24,442,237
24,052,772
24,693,244
25,764,302

25,764,302

24,693,244

24,052,772

24,442,237

9,457,784

9,022,613

8,756,907

8,570,107

8,649,039

8,104,363

8,347,828

11,895,521

11,827,768

11,650,142

12,307,940

12,231,547

11,605,539

12,222,968

11,987,255

11,993,462

11,705,471

11,504,062

10,540,166

8,443,230

8,017,811

5,775,866

5,912,990

5,439,755

5,353,496

5,346,547

806

269

Goodwill

0
0
41,616
0
41,805
41,805
0
72,301
58,469
0
48,868
48,231
49,730
45,691
45,070
44,257
41,447
39,610
42,064
41,100
41,154
40,345
38,991
38,798
38,243
41,435
39,177
40,150
38,094
39,746
40,651
43,022
42,385
42,229
44,765
48,075

48,075

44,765

42,229

42,385

43,022

40,651

39,746

38,094

40,150

39,177

41,435

38,243

38,798

38,991

40,345

41,154

41,100

42,064

39,610

41,447

44,257

45,070

45,691

49,730

48,231

48,868

58,469

72,301

41,805

41,616

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
18,346,216
18,811,295
21,141,339
20,284,158
21,165,090
21,654,057
25,019,802
24,137,231
25,400,335
24,113,719
23,636,891
23,842,058
24,343,463
22,936,539
22,710,545
26,475,982
26,638,516
30,087,898
32,128,054
33,734,248
33,766,280
36,178,331
37,598,780
39,958,732

39,958,732

37,598,780

36,178,331

33,766,280

33,734,248

32,128,054

30,087,898

26,638,516

26,475,982

22,710,545

22,936,539

24,343,463

23,842,058

23,636,891

24,113,719

25,400,335

24,137,231

25,019,802

21,654,057

21,165,090

20,284,158

21,141,339

18,811,295

18,346,216

Intangible Assets

0
0
295,604
0
371,668
267,827
0
289,315
374,637
0
368,580
463,749
499,341
45,691
706,361
692,249
678,455
660,252
611,702
564,622
562,717
205,859
192,805
201,138
199,845
0
0
0
0
0
0
0
0
0
0
0

199,845

201,138

192,805

205,859

562,717

564,622

611,702

660,252

678,455

692,249

706,361

45,691

499,341

463,749

368,580

374,637

289,315

267,827

371,668

295,604

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
1,966,012
1,990,926
2,598,894
27,867
197,365
198,111
235,258
50,949
231,484
239,425
976,510
412,691
412,242
425,965
526,403

526,403

425,965

412,242

412,691

976,510

239,425

231,484

50,949

235,258

198,111

197,365

27,867

2,598,894

1,990,926

1,966,012

> Total Liabilities

5,569,000
6,338,602
16,868,840
0
7,101,109
17,935,297
0
19,993,301
17,730,208
0
14,214,649
16,137,285
5,081,851
5,123,611
6,583,325
7,360,020
7,912,831
9,025,739
9,087,210
9,136,815
10,384,988
9,728,032
9,210,144
9,319,810
8,991,839
7,532,621
11,935,790
11,189,860
7,585,001
9,708,652
9,736,231
11,094,138
25,287,459
24,336,112
29,624,468
27,569,451

27,569,451

29,624,468

24,336,112

25,287,459

11,094,138

9,736,231

9,708,652

7,585,001

11,189,860

11,935,790

7,532,621

8,991,839

9,319,810

9,210,144

9,728,032

10,384,988

9,136,815

9,087,210

9,025,739

7,912,831

7,360,020

6,583,325

5,123,611

5,081,851

16,137,285

14,214,649

17,730,208

19,993,301

17,935,297

7,101,109

16,868,840

6,338,602

5,569,000

> Total Current Liabilities

3,790,341
5,044,576
16,787,970
0
6,767,981
17,582,570
0
19,690,659
17,475,596
0
13,977,669
15,883,094
4,832,416
4,839,288
3,832,605
4,453,375
5,192,405
5,430,180
5,852,631
4,572,335
4,791,060
4,107,028
3,767,603
3,907,711
3,843,385
3,182,563
7,987,458
7,149,917
4,066,976
6,401,644
6,992,421
8,543,179
10,968,164
8,728,096
8,121,065
5,990,066

5,990,066

8,121,065

8,728,096

10,968,164

8,543,179

6,992,421

6,401,644

4,066,976

7,149,917

7,987,458

3,182,563

3,843,385

3,907,711

3,767,603

4,107,028

4,791,060

4,572,335

5,852,631

5,430,180

5,192,405

4,453,375

3,832,605

4,839,288

4,832,416

15,883,094

13,977,669

17,475,596

19,690,659

17,582,570

6,767,981

16,787,970

5,044,576

3,790,341

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
2,596,535
2,769,644
3,879,489
66,737
347,607
275,398
695,402
689,557
1,072,958
2,093,309
2,136,064
2,242,783
1,947,789
0
0
0
0
0
0
0
0
0
0
0

1,947,789

2,242,783

2,136,064

2,093,309

1,072,958

689,557

695,402

275,398

347,607

66,737

3,879,489

2,769,644

2,596,535

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
2,596,535
2,769,644
3,879,489
66,737
347,607
275,398
695,402
689,557
1,072,958
2,093,309
2,136,064
2,242,783
1,947,789
1,644,296
6,696,647
5,882,675
2,404,669
2,462,518
5,533,167
6,301,714
7,990,513
6,111,458
4,001,781
3,059,300

3,059,300

4,001,781

6,111,458

7,990,513

6,301,714

5,533,167

2,462,518

2,404,669

5,882,675

6,696,647

1,644,296

1,947,789

2,242,783

2,136,064

2,093,309

1,072,958

689,557

695,402

275,398

347,607

66,737

3,879,489

2,769,644

2,596,535

Accounts payable

270,206
53,657
299,120
0
71,582
71,582
0
252,413
309,082
0
318,109
237,280
393,757
389,227
571,396
627,468
589,195
685,197
564,018
552,507
690,923
571,288
409,146
345,578
456,502
424,199
373,256
249,184
362,128
401,543
494,500
446,231
844,852
436,312
563,526
366,622

366,622

563,526

436,312

844,852

446,231

494,500

401,543

362,128

249,184

373,256

424,199

456,502

345,578

409,146

571,288

690,923

552,507

564,018

685,197

589,195

627,468

571,396

389,227

393,757

237,280

318,109

309,082

252,413

71,582

299,120

53,657

270,206

Other Current Liabilities

3,520,135
4,990,919
15,878,120
0
5,933,818
16,804,583
0
18,502,924
1,794,386
0
1,287,236
2,305,112
1,949,616
1,783,768
1,952,939
1,882,406
1,932,003
1,470,217
918,011
858,350
1,138,627
847,320
664,974
678,247
777,940
617,283
441,626
459,029
776,954
3,014,336
476,950
1,242,657
1,012,831
1,310,724
2,460,928
850,688

850,688

2,460,928

1,310,724

1,012,831

1,242,657

476,950

3,014,336

776,954

459,029

441,626

617,283

777,940

678,247

664,974

847,320

1,138,627

858,350

918,011

1,470,217

1,932,003

1,882,406

1,952,939

1,783,768

1,949,616

2,305,112

1,287,236

1,794,386

18,502,924

16,804,583

5,933,818

15,878,120

4,990,919

3,520,135

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,621,004
5,442,541
5,412,099
5,148,454
4,350,058
3,948,332
4,039,943
3,518,025
3,307,008
2,743,810
2,550,959
14,319,295
15,608,016
21,503,403
21,579,385

21,579,385

21,503,403

15,608,016

14,319,295

2,550,959

2,743,810

3,307,008

3,518,025

4,039,943

3,948,332

4,350,058

5,148,454

5,412,099

5,442,541

5,621,004

Capital Lease Obligations Min Short Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
-2,596,535
-2,769,644
-3,879,489
-66,737
-347,607
-275,398
-695,402
-689,557
-1,072,958
-2,093,309
-2,136,064
-2,155,255
-1,881,354
28,327
24,206
22,510
19,625
17,103
14,083
11,272
31,024
29,879
26,443
21,435

21,435

26,443

29,879

31,024

11,272

14,083

17,103

19,625

22,510

24,206

28,327

-1,881,354

-2,155,255

-2,136,064

-2,093,309

-1,072,958

-689,557

-695,402

-275,398

-347,607

-66,737

-3,879,489

-2,769,644

-2,596,535

Long-term Liabilities 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
297,376
318,000
0

318,000

297,376

> Total Stockholder Equity

7,006,850
7,039,145
1,654,338
2,314,886
5,501,936
2,151,163
13,765,985
1,675,646
10,845,199
11,469,621
23,783,178
22,558,889
37,171,163
37,708,073
38,774,704
38,538,216
39,006,278
39,355,162
40,826,149
39,770,156
40,409,650
41,099,850
40,293,679
39,548,760
39,078,548
41,139,135
39,404,886
40,851,043
41,108,729
43,460,952
44,431,581
45,869,761
45,635,174
48,377,353
48,742,870
51,586,570

51,586,570

48,742,870

48,377,353

45,635,174

45,869,761

44,431,581

43,460,952

41,108,729

40,851,043

39,404,886

41,139,135

39,078,548

39,548,760

40,293,679

41,099,850

40,409,650

39,770,156

40,826,149

39,355,162

39,006,278

38,538,216

38,774,704

37,708,073

37,171,163

22,558,889

23,783,178

11,469,621

10,845,199

1,675,646

13,765,985

2,151,163

5,501,936

2,314,886

1,654,338

7,039,145

7,006,850

Common Stock

6,021,995
6,021,995
6,021,995
0
6,021,995
6,021,995
0
6,021,995
12,971,995
0
23,971,995
23,971,995
30,456,920
30,456,920
30,456,920
30,482,350
30,483,550
30,508,817
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,510,217
30,477,317
30,477,317
30,477,317
30,477,317
30,477,317
30,477,317
30,477,317

30,477,317

30,510,217

30,508,817

30,483,550

30,482,350

30,456,920

23,971,995

12,971,995

6,021,995

Retained Earnings

734,346
703,578
1,468,010
0
878,311
1,935,253
0
1,054,102
544,128
0
3,090,392
1,972,919
3,064,114
4,109,784
5,185,730
5,109,303
5,543,033
6,012,945
6,983,569
7,008,450
7,507,536
7,171,833
7,396,546
7,271,850
8,266,328
10,299,959
10,065,540
9,996,643
11,192,860
12,218,229
12,277,147
11,959,311
12,295,496
15,213,833
14,832,368
15,928,455

15,928,455

14,832,368

15,213,833

12,295,496

11,959,311

12,277,147

12,218,229

11,192,860

9,996,643

10,065,540

10,299,959

8,266,328

7,271,850

7,396,546

7,171,833

7,507,536

7,008,450

6,983,569

6,012,945

5,543,033

5,109,303

5,185,730

4,109,784

3,064,114

1,972,919

3,090,392

544,128

1,054,102

1,935,253

878,311

1,468,010

703,578

734,346

Capital Surplus

Treasury Stock

Other Stockholders Equity

-2,050,588

-3,798,201

-4,545,183

-4,369,025

-3,798,253

-5,554,269

-6,465,980

-7,784,040

-6,845,509

-8,386,254

-6,886,424

-6,929,383

-6,827,893

-6,207,670

-5,176,786

-4,839,489

-4,979,897

-3,899,023

-4,396,152

-4,212,420

-4,243,980

-4,025,176

-4,015,861

-3,507,101

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
Accounts Payable	844,852	362,128	456,502	690,923	589,195	393,757	309,082	71,582	299,120	53,657	270,206
Capital Lease Obligations	31,024	19,625	66,435	-	-	-	-	-	-	-	-
Capital Stock	30,477,317	30,510,217	30,510,217	30,510,217	-	-	-	-	-	-	-
Cash	2,634,854	2,169,033	3,342,710	1,442,979	1,129,197	1,152,784	1,159,614	715,205	1,196,480	26,128	68,961
Common Stock	30,477,317	30,510,217	30,510,217	30,510,217	30,483,550	30,456,920	12,971,995	6,021,995	6,021,995	6,021,995	6,021,995
Common Stock Shares Outstanding	3,047,732	3,047,732	3,051,022	3,051,022	3,048,355	-	-	-	-	-	-
Good Will	42,385	38,094	38,243	41,154	41,447	49,730	58,469	41,805	41,616	-	-
Intangible Assets	-	-	199,845	212,815	227,479	150,313	316,168	267,827	295,604	-	-
Inventory	1,186,203	505,037	426,917	476,702	489,060	487,362	408,156	659,415	742,343	-	-
Long Term Debt	13,964,995	3,480,832	5,029,062	5,465,056	2,550,111	107,492	173,225	204,371	-	1,271,183	1,762,930
Long Term Investments	33,766,280	26,638,516	24,343,463	25,400,335	21,165,090	18,346,216	9,044,520	2,748,240	2,392,837	-	-
Net Debt	19,320,654	3,716,468	3,634,141	6,279,912	4,092,121	-	-	-	-	-	-
Net Invested Capital	67,590,682	46,994,230	46,055,399	48,132,541	44,227,596	-	-	-	-	-	-
Net Receivables	5,186,572	4,442,573	1,708,408	2,076,796	2,460,207	3,684,133	2,809,116	9,155,864	8,272,610	6,186,334	5,338,197
Net Tangible Assets	45,592,789	41,070,635	38,548,694	39,805,779	38,327,823	36,671,822	10,470,562	5,130,268	1,358,734	-	-
Net Working Capital	-1,085,646	3,451,593	5,055,119	-562,439	-846,957	-	-	-	-	-	-
Non Current Assets Total	64,984,247	42,044,209	39,909,168	47,337,509	43,352,198	37,156,896	-	-	-	-	-
Non Current Liabilities Total	14,319,295	3,518,025	5,148,454	5,593,928	2,720,426	249,435	-	-	-	-	-
Non Currrent Assets Other	412,691	50,949	27,867	19,510	14,441	8,523	-	-	-	-	-
Other Assets	6,733,345	6,797,492	3,140,330	9,101,756	9,515,191	9,868,109	7,534,799	776,677	735,820	217	217
Other Current Assets	194,895	41,880	57,197	97,263	52,540	133,578	180,417	190,154	78,025	5,492	72,498
Other Current Liab	1,012,831	775,582	777,940	1,138,627	1,205,081	1,262,350	1,204,413	16,804,583	15,878,120	4,990,919	3,520,135
Other Liab	336,035	27,479	116,667	128,872	170,315	141,943	81,387	28,881	26,008	22,843	15,730
Other Stockholder Equity	-4,369,025	-7,784,040	-6,929,383	-4,839,489	-4,212,420	-3,507,101	-2,978,774	-1,706,220	-6,143,517	-	-
Property Plant Equipment	24,442,237	8,570,107	11,895,521	12,231,547	11,993,462	8,443,230	5,912,990	5,353,496	5,346,547	805	269
Retained Earnings	12,295,496	11,192,860	8,266,328	7,507,536	5,543,033	3,064,114	544,128	1,935,253	1,468,010	703,578	734,346
Short Long Term Debt	7,990,513	2,404,669	1,947,789	2,257,835	2,671,207	2,489,043	39,697	9,889	610,730	-	-
Short Term Debt	-	-	1,947,789	2,257,835	2,671,207	2,489,043	39,697	9,889	610,730	-	-
Short Term Investments	529,872	332,546	3,326,047	103,921	180,522	329,587	1,775,580	1,004,135	123,460	-	-
Total Assets	74,866,765	49,562,778	48,807,672	51,566,130	47,697,646	42,962,856	29,199,829	20,871,013	19,183,726	13,377,747	12,575,850
Total Current Assets	9,882,518	7,518,569	8,898,504	4,228,621	4,345,448	5,805,960	6,332,883	5,965,489	10,412,918	-	-
Total Current Liabilities	10,968,164	4,066,976	3,843,385	4,791,060	5,192,405	4,832,416	17,475,596	17,582,570	16,787,970	5,044,576	3,790,341
Total Liab	25,287,459	7,585,001	8,991,839	10,384,988	7,912,831	5,081,851	17,730,208	17,935,297	16,868,840	6,338,602	5,569,000
Total Stockholder Equity	45,635,174	41,108,729	39,078,548	40,409,650	39,006,278	37,171,163	10,845,199	2,151,163	1,654,338	7,039,145	7,006,850

	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	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-03-31	2013-12-31	2012-12-31	2011-12-31
Accounts Payable	366,622	563,526	436,312	844,852	446,231	494,500	401,543	362,128	249,184	373,256	424,199	456,502	345,578	409,146	571,288	690,923	552,507	564,018	685,197	589,195	627,468	571,396	389,227	393,757	237,280	318,109	-	309,082	252,413	-	71,582	71,582	-	299,120	53,657	270,206
Capital Lease Obligations	21,435	26,443	29,879	31,024	11,272	14,083	17,103	19,625	22,510	24,206	28,327	66,435	87,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	30,477,317	30,477,317	30,477,317	30,477,317	30,477,317	30,477,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	6,243,314	7,367,235	4,275,343	2,634,854	1,196,150	1,387,939	2,653,214	2,169,033	6,047,412	8,235,138	2,626,991	3,342,710	5,264,182	8,017,704	2,538,979	1,442,979	1,547,227	1,050,489	2,498,576	1,129,197	955,126	692,127	931,040	1,152,784	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	30,477,317	30,477,317	30,477,317	30,477,317	30,477,317	30,477,317	30,477,317	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,510,217	30,508,817	30,483,550	30,482,350	30,456,920	30,456,920	30,456,920	23,971,995	23,971,995	-	12,971,995	6,021,995	-	6,021,995	6,021,995	-	6,021,995	6,021,995	6,021,995
Common Stock Shares Outstanding	3,047,732	3,047,732	3,047,732	3,047,732	3,047,732	3,047,732	3,047,732	3,047,732	3,047,732	3,049,572	3,049,572	3,051,022	3,051,314	3,050,629	3,050,761	3,051,790	3,032,858	3,041,777	3,051,377	3,098,071	2,992,682	3,045,894	3,045,937	2,997,573	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	48,075	44,765	42,229	42,385	43,022	40,651	39,746	38,094	40,150	39,177	41,435	38,243	38,798	38,991	40,345	41,154	41,100	42,064	39,610	41,447	44,257	45,070	45,691	49,730	48,231	48,868	-	58,469	72,301	-	41,805	41,805	-	41,616	-	-
Intangible Assets	-	-	-	-	-	-	-	-	-	-	-	199,845	201,138	192,805	205,859	562,717	564,622	611,702	660,252	678,455	692,249	706,361	45,691	499,341	463,749	368,580	-	374,637	289,315	-	267,827	371,668	-	295,604	-	-
Inventory	1,259,313	997,887	435,068	1,186,203	460,374	390,585	202,277	505,037	489,573	431,300	283,769	426,917	453,757	365,648	264,994	476,702	386,012	358,492	313,772	489,060	493,544	451,574	271,383	487,362	313,838	348,963	-	408,156	343,239	-	659,415	659,415	-	742,343	-	-
Long Term Debt	21,373,870	21,114,398	15,241,018	13,964,995	2,508,181	2,706,332	3,270,921	3,480,832	3,974,692	3,875,513	4,276,117	5,029,062	5,295,896	5,325,230	5,500,578	5,465,056	4,445,218	3,097,543	3,445,558	2,550,111	2,740,370	2,571,219	103,351	107,492	138,800	140,721	-	173,225	209,416	-	204,371	204,371	-	-	1,271,183	1,762,930
Long Term Investments	39,958,732	37,598,780	36,178,331	33,766,280	33,734,248	32,128,054	30,087,898	26,638,516	26,475,982	22,710,545	22,936,539	24,343,463	23,842,058	23,636,891	24,113,719	25,400,335	24,137,231	25,019,802	21,654,057	21,165,090	20,284,158	21,141,339	18,811,295	18,346,216	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	18,189,856	17,748,944	17,077,133	19,320,654	7,613,745	6,851,560	3,080,225	3,716,468	3,809,955	2,337,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	76,019,740	73,859,049	69,729,829	67,590,682	54,679,656	52,671,080	49,194,391	46,994,230	50,708,410	49,977,046	47,059,548	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	5,057,906	4,994,615	4,927,215	5,186,572	4,923,950	4,744,226	4,976,449	4,452,965	3,811,367	3,939,923	3,426,664	1,708,408	488,905	501,475	517,682	2,076,796	1,785,688	1,755,042	1,893,974	2,414,311	1,493,692	2,011,597	2,842,775	3,684,133	4,139,057	4,007,756	-	2,809,116	8,505,256	-	9,155,864	3,448,529	-	8,272,610	6,186,334	5,338,197
Net Tangible Assets	51,538,495	48,698,105	48,335,124	45,592,789	45,826,739	44,390,930	43,421,206	41,070,635	40,810,893	39,365,709	41,097,700	38,548,694	39,308,824	40,061,883	40,853,646	39,805,779	39,164,434	40,172,383	38,694,910	38,327,823	37,845,967	38,068,343	37,662,382	36,671,822	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	7,073,627	5,881,828	1,966,554	-1,085,646	-1,187,284	29,561	1,942,751	3,451,593	3,756,879	5,055,247	6,620,630	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	71,037,117	67,667,607	65,510,141	64,984,247	50,591,379	48,072,599	45,729,472	42,044,209	42,000,580	39,098,711	39,678,025	39,909,168	39,850,259	39,306,772	46,231,758	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	-	318,000	297,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	21,579,385	21,503,403	15,608,016	14,319,295	2,550,959	2,743,810	3,307,008	3,518,025	4,039,943	3,948,332	4,350,058	5,148,454	5,412,099	5,442,541	5,621,004	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	526,403	425,965	412,242	412,691	976,510	239,425	231,484	50,949	235,258	198,111	197,365	27,867	2,598,894	1,990,926	1,966,012	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	5,266,008	5,330,818	5,236,809	6,733,345	7,356,325	6,881,281	6,844,921	6,797,492	6,835,409	8,244,626	8,352,223	3,140,330	3,940,497	3,787,943	9,563,895	9,101,756	9,459,553	9,465,790	32,266,591	31,358,736	31,465,450	31,168,367	28,315,340	28,713,666	25,491,070	25,533,108	-	16,953,956	5,183,578	-	3,792,744	9,548,109	-	3,424,261	7,158,988	7,095,924
Other Current Assets	481,358	299,480	479,337	194,895	348,137	185,231	163,829	41,880	237,907	204,856	218,338	57,197	431,840	408,139	382,759	97,263	89,532	100,570	80,673	110,274	143,920	192,667	130,468	142,593	424,234	173,310	-	162,294	221,948	-	190,154	86,497	-	78,025	5,491	72,498
Other Current Liab	850,688	2,460,928	1,310,724	1,012,831	1,242,657	476,950	3,014,336	776,954	459,029	441,626	617,283	777,940	678,247	664,974	847,320	1,138,627	858,350	918,011	1,470,217	1,932,003	1,882,406	1,952,939	1,783,768	1,949,616	2,305,112	1,287,236	-	1,794,386	18,502,924	-	16,804,583	5,933,818	-	15,878,120	4,990,919	3,520,135
Other Liab	197,467	377,678	352,025	336,035	36,695	30,826	28,196	27,479	51,783	51,312	51,060	119,392	116,203	117,311	120,426	128,872	119,262	137,036	20,115	28,294	33,551	32,801	32,052	32,483	27,876	27,110	-	25,578	9,896	-	28,881	9,282	-	26,008	22,843	15,730
Other Stockholder Equity	-2,050,588	-3,798,201	-4,545,183	-4,369,025	-3,798,253	-5,554,269	-6,465,980	-7,784,040	-6,845,509	-8,386,254	-6,886,424	-6,929,383	-6,827,893	-6,207,670	-5,176,786	-4,839,489	-4,979,897	-3,899,023	-4,396,152	-4,212,420	-4,243,980	-4,025,176	-4,015,861	-3,507,101	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	25,764,302	24,693,244	24,052,772	24,442,237	9,457,784	9,022,613	8,756,907	8,570,107	8,649,039	8,104,363	8,347,828	11,895,521	11,827,768	11,650,142	12,307,940	12,231,547	11,605,539	12,222,968	11,987,255	11,993,462	11,705,471	11,504,062	10,540,166	8,443,230	8,017,811	5,775,866	-	5,912,990	5,439,755	-	5,353,496	5,353,496	-	5,346,547	806	269
Retained Earnings	15,928,455	14,832,368	15,213,833	12,295,496	11,959,311	12,277,147	12,218,229	11,192,860	9,996,643	10,065,540	10,299,959	8,266,328	7,271,850	7,396,546	7,171,833	7,507,536	7,008,450	6,983,569	6,012,945	5,543,033	5,109,303	5,185,730	4,109,784	3,064,114	1,972,919	3,090,392	-	544,128	1,054,102	-	1,935,253	878,311	-	1,468,010	703,578	734,346
Short Long Term Debt	3,059,300	4,001,781	6,111,458	7,990,513	6,301,714	5,533,167	2,462,518	2,404,669	5,882,675	6,696,647	1,644,296	1,947,789	2,242,783	2,136,064	2,093,309	1,072,958	689,557	695,402	275,398	347,607	66,737	3,879,489	2,769,644	2,596,535	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	1,947,789	2,242,783	2,136,064	2,093,309	1,072,958	689,557	695,402	275,398	347,607	66,737	3,879,489	2,769,644	2,596,535	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	21,802	343,676	577,687	529,872	427,284	314,001	348,626	332,546	320,537	231,488	3,247,431	3,326,047	2,335,757	657,500	132,216	103,921	28,244	50,014	99,566	180,522	355,554	25,095	490,676	329,587	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	84,100,810	81,670,500	76,204,791	74,866,765	57,947,274	55,094,581	54,073,867	49,562,778	52,907,376	52,141,416	49,481,218	48,807,672	49,582,234	50,248,919	51,602,179	51,566,130	49,667,850	50,711,818	49,168,410	47,697,646	46,642,894	46,084,006	43,539,379	42,962,856	39,377,436	38,669,314	-	29,199,829	22,383,620	-	20,871,013	20,867,094	-	19,183,726	13,377,747	12,575,850
Total Current Assets	13,063,693	14,002,893	10,694,650	9,882,518	7,355,895	7,021,982	8,344,395	7,518,569	10,906,796	13,042,705	9,803,193	8,898,504	9,731,975	10,942,147	5,370,421	4,228,621	3,859,805	3,349,492	4,914,564	4,345,448	3,471,973	3,411,577	4,683,873	5,805,960	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	5,990,066	8,121,065	8,728,096	10,968,164	8,543,179	6,992,421	6,401,644	4,066,976	7,149,917	7,987,458	3,182,563	3,843,385	3,907,711	3,767,603	4,107,028	4,791,060	4,572,335	5,852,631	5,430,180	5,192,405	4,453,375	3,832,605	4,839,288	4,832,416	15,883,094	13,977,669	-	17,475,596	19,690,659	-	17,582,570	6,767,981	-	16,787,970	5,044,576	3,790,341
Total Liab	27,569,451	29,624,468	24,336,112	25,287,459	11,094,138	9,736,231	9,708,652	7,585,001	11,189,860	11,935,790	7,532,621	8,991,839	9,319,810	9,210,144	9,728,032	10,384,988	9,136,815	9,087,210	9,025,739	7,912,831	7,360,020	6,583,325	5,123,611	5,081,851	16,137,285	14,214,649	-	17,730,208	19,993,301	-	17,935,297	7,101,109	-	16,868,840	6,338,602	5,569,000
Total Stockholder Equity	51,586,570	48,742,870	48,377,353	45,635,174	45,869,761	44,431,581	43,460,952	41,108,729	40,851,043	39,404,886	41,139,135	39,078,548	39,548,760	40,293,679	41,099,850	40,409,650	39,770,156	40,826,149	39,355,162	39,006,278	38,538,216	38,774,704	37,708,073	37,171,163	22,558,889	23,783,178	11,469,621	10,845,199	1,675,646	13,765,985	2,151,163	5,501,936	2,314,886	1,654,338	7,039,145	7,006,850

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
Begin Period Cash Flow	2,169,033	3,342,710	1,442,979	1,129,197	1,152,784	-	-	-	-
Capital Expenditures	257,772	328,666	1,048,530	1,298,227	3,455,594	2,963,509	1,205,867	479,764	950,780
Change In Cash	465,821	-1,173,677	1,899,731	313,782	-23,587	31,762	392,701	76,343	642,384
Change In Working Capital	-477,786	-245,767	-567,325	-489,785	-686,608	-	-	-	-
Change To Account Receivables	-371,991	67,411	388,633	-115,474	-147,580	262,345	525,969	-575,044	-10,872
Change To Inventory	-468,945	-78,586	57,740	-2,748	18,781	-80,778	251,259	82,928	183,837
Change To Liabilities	152,596	-205,328	-299,390	72,694	195,438	84,004	131,865	-227,538	33,669
Change To Netincome	-3,597,485	-3,257,652	-3,640,552	-4,737,124	-3,374,579	-3,898,166	-993,034	-1,334,020	-1,521,445
Change To Operating Activities	210,554	-81,006	-714,308	-444,257	-720,617	161,156	-185,886	233,774	493,119
Depreciation	580,598	402,463	612,647	625,202	509,933	428,221	546,238	545,802	425,993
Dividends Paid	-1,981,023	-1,829,191	-1,983,164	-1,830,583	1,675,715	1,606,123	6,730,809	1,887,657	2,680,355
End Period Cash Flow	2,634,854	2,169,033	3,342,710	1,442,979	1,129,197	1,152,784	-	-	-
Free Cash Flow	-625,418	17,040	-1,674,828	-2,097,777	-1,945,344	-	-	-	-
Investments	-2,811,695	499,554	-4,473,313	-1,369,152	-178,439	-10,162,053	-6,312,382	-656,452	407,299
Net Borrowings	15,865,902	-364,799	-645,094	2,606,229	2,633,799	-13,629,275	11,120,380	376,550	-1,451,522
Net Income	3,127,027	3,702,480	2,968,932	3,812,668	4,154,634	4,138,126	2,074,615	2,091,884	2,501,641
Other Cashflows From Financing Activities	2,889,130	-1,678	-1,136	-8,448	-21,673	-21,673	-326,150	4,000	-80,580
Other Cashflows From Investing Activities	1,764,704	304,826	10,993,323	3,105,091	2,755,509	3,067,621	1,469,939	1,939,495	2,522,578
Other Non Cash Items	-132,011	445,711	148,498	173,458	57,049	-	-	-	-
Sale Purchase Of Stock	-	-41,694	-	-	124,219	24,334,305	24,334,305	24,334,305	677,550
Total Cash From Financing Activities	16,774,009	-2,237,362	-2,629,394	770,432	1,060,630	9,098,907	4,063,421	-1,507,298	-3,534,907
Total Cash From Operating Activities	-367,646	549,782	-626,298	-789,039	636,010	1,094,908	2,351,026	855,293	2,105,942
Total Cashflows From Investing Activities	-16,052,562	483,587	5,255,829	376,631	-1,697,185	-10,162,053	-6,036,694	287,914	1,982,418

	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
Begin Period Cash Flow	7,367,235	4,275,343	2,634,854	1,196,150	1,387,939	2,653,214	2,169,033	6,047,412	8,235,138	2,626,991	3,342,710	5,264,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	139,091	45,642	60,865	140,470	35,600	34,535	47,167	64,457	82,838	38,092	143,279	280,238	175,425	235,748	357,119	426,519	287,777	142,385	726,316	3,455,594	2,527,576	1,495,766	852,696	4,004,952	1,143,758	659,725	542,060	1,205,867	785,767	632,649	408,003	479,764	308,596	137,428	68,714	950,780
Change In Cash	-1,123,921	3,091,892	1,640,489	1,438,704	-191,789	-1,265,275	484,181	-3,878,379	-2,187,726	5,608,147	-715,719	-1,888,717	-2,730,542	5,521,849	1,097,547	-104,248	496,738	-1,448,087	1,369,379	174,071	262,999	-238,913	-221,744	200,397	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-608,562	-33,663	-524,396	-81,618	-219,321	-94,349	-82,498	263,625	-75,560	-48,444	-385,388	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-43,483	14,440	-254,646	-244,803	-49,329	143,005	-220,864	-127,159	68,206	267,358	-89,252	-25,353	330,092	200,954	-117,060	-15,771	-43,574	166,496	-222,625	-181,883	34,303	40,641	-8,096	262,345	396,451	137,021	-	525,969	509,886	553,628	250,960	-	-	-	-	-
Change To Inventory	-261,426	-562,819	751,135	-513,608	-69,789	-188,308	302,760	-15,464	-58,273	-153,971	149,122	32,444	-87,264	-85,475	198,035	-104,549	-27,428	-44,601	173,830	18,781	15,766	57,736	237,995	-175,096	94,318	59,192	186,087	251,259	211,664	316,176	158,088	82,928	72,247	61,565	30,783	183,837
Change To Liabilities	13,436	9,792	-142,740	135,765	-267	53,490	-36,392	44,782	-38,372	-206,930	-4,808	50,969	-68,582	-162,142	-119,635	109,382	-11,511	-121,179	96,002	-38,273	56,072	182,169	-4,530	1,503,232	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-1,585,075	-581,710	-2,954,475	-474,729	-785,460	-1,489,190	-848,106	-999,990	-826,227	-863,842	-564,190	97,393	-1,224,113	-1,522,077	-991,755	-432,228	-1,141,722	-2,054,432	-1,119,253	-43,813	-844,133	-1,806,436	-681,185	-1,374,244	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-317,089	504,924	-878,145	541,028	-99,936	-102,536	-128,002	361,466	-47,121	45,099	-440,450	814,851	-1,033,191	-80,304	-415,664	103,650	-46,318	-229,125	-272,464	140,523	133,041	-738,774	-288,037	930,234	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	321,532	308,564	299,497	227,496	124,016	119,246	109,840	67,264	77,148	93,009	165,042	161,394	150,306	157,875	143,072	155,099	168,352	178,829	122,922	138,933	132,779	121,123	117,098	152,536	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1,219,090	-1,066,693	-1,066,693	-1,066,693	-914,320	1,066,703	1,066,703	1,066,703	914,319	914,872	914,872	0	1,067,857	915,307	915,307	915,307	915,305	915,278	915,278	1,675,715	1,675,715	761,337	761,337	1,606,123	1,606,123	-	-	6,730,809	6,730,809	400,000	200,000	1,887,657	1,188,348	488,848	244,424	2,680,355
End Period Cash Flow	6,243,314	7,367,235	4,275,343	2,634,854	1,196,150	1,387,939	2,653,214	2,169,033	6,047,412	8,235,138	2,626,991	3,342,710	5,264,182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	303,981	332,777	-321,902	-98,562	-319,881	-373,207	166,232	465,864	-62,845	-433,512	47,533	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-80,003	233,964	-47,997	-86,545	-787,052	-1,933,418	-4,680	-15,609	-2,498,722	3,005,664	-46,924	-2,008,492	-790,734	6,778,976	1,276,079	-574,766	-164,704	-605,380	-16,179	77,859	-544,226	-375,152	663,080	-1,419,125	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-1,226,886	3,362,715	-578,231	13,133,214	483,171	2,442,189	-192,672	-3,946,797	-821,828	4,726,403	-322,577	-642,826	118,021	9,709	-129,998	671,802	315,830	111,225	1,507,372	498,370	806,706	1,135,413	193,310	-11,563,569	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	2,315,177	685,228	2,918,337	370,759	596,484	1,125,621	1,034,163	1,201,257	845,422	680,453	975,348	-368,722	943,161	1,140,020	1,254,473	516,668	940,186	1,885,902	469,912	433,730	837,951	1,837,283	1,045,670	1,094,114	488,650	1,335,150	1,220,212	1,075,907	96,116	755,984	451,296	327,067	-	1,110,954	1,110,954	-
Other Cashflows From Financing Activities	-160	-8,746	-1,349	2,889,130	2,889,130	2,889,130	2,889,130	-1	-1	-275	-1,402	-375	-381	-380	-380	-338	-7,684	-173	-253	-313	-252	-21,108	-21,108	-21,108	-	-	-	-	-	-	-	-	2,684	1,368	684	-
Other Cashflows From Investing Activities	899,411	163,347	2,593,062	310,638	1,305,302	-350,845	499,609	-403,805	2,111,706	-1,006,192	-396,883	86,514	1,539,662	9,517,082	1,715,048	-21,564	1,738,905	30,236	1,359,902	15,950	7,896	93,260	-109,377	523,485	-	-	821,125	-	-	-	-	-	856,155	-	-	-
Other Non Cash Items	159,812	113,582	82,357	33,608	-51,020	-55,310	-59,289	-52,920	-33,920	-47,691	580,242	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	-	-	-	-	-	-	0	-25,691	0	-16,003	-	-	-	-	-	-	-	3,234	62,704	2,772	58,743	58,743	13,334,305	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-2,446,136	2,287,276	-579,580	16,022,344	-431,149	1,375,486	-192,672	-3,946,798	-1,761,838	3,811,256	-339,982	-643,201	-950,217	-905,978	-129,998	671,464	-607,159	-804,226	1,510,353	1,060,630	499,869	605,021	193,310	9,098,907	7,328,171	7,983,355	6,496,718	4,063,421	1,967,352	-	-	-	-	-	-	-
Total Cash From Operating Activities	443,072	378,419	-261,037	41,908	-284,281	-338,672	213,399	532,156	20,783	-138,824	190,812	762,976	-989,591	-351,149	-48,534	332,251	-162,015	-218,110	-751,676	602,392	150,160	-536,157	418,915	1,094,908	-	220,786	536,452	2,351,026	1,534,733	1,592,916	851,330	855,293	631,586	445,385	222,693	2,105,942
Total Cashflows From Investing Activities	680,338	351,669	2,484,207	-14,664,192	482,666	-2,318,798	447,762	-466,451	-469,847	1,961,505	-596,765	-2,008,492	-790,734	6,778,976	1,276,079	-1,086,167	1,287,861	-432,351	617,799	-834,134	111,445	-124,455	-816,423	-3,561,948	-	-	-	-	-	-	-	287,914	265,608	-	-	1,982,418

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
Cost Of Revenue	6,824,268	4,390,664	4,608,873	5,051,162	4,879,362	3,604,680	3,586,256	3,163,953	3,867,661	-	-
Ebit	-490,498	811,845	-115,247	413,219	1,043,023	5,515,429	1,744,817	1,253,604	1,177,670	-	-
Ebitda	4,057,847	4,722,069	4,095,101	4,990,954	5,215,661	-	-	-	-	-	-
Gross Profit	-39,771	1,114,847	1,078,137	1,271,041	1,539,915	1,936,966	2,043,649	1,782,163	1,583,863	-	-
Income Before Tax	3,231,538	4,083,515	3,206,924	4,144,797	4,604,026	4,667,282	3,478,000	3,407,851	3,012,947	1,474,731	1,819,093
Income Tax Expense	57,203	300,491	204,083	292,729	361,815	394,507	554,626	410,490	385,206	-	-
Interest Expense	245,711	236,091	275,530	220,955	0	0	0	0	0	0	0
Interest Income	381,457	374,439	139,639	55,276	48,557	94,346	-	-	-	-	-
Minority Interest	-47,308	869,048	737,285	771,492	778,537	709,842	624,422	121,320	126,100	-	-
Net Income	3,127,027	3,702,480	2,968,932	3,812,668	4,154,634	4,138,126	2,074,615	2,091,884	2,501,641	-	-
Net Income Applicable To Common Shares	3,127,027	3,702,480	2,968,932	3,812,668	4,154,634	4,138,126	2,074,615	2,091,884	2,501,641	-	-
Net Income From Continuing Ops	3,174,335	3,783,024	3,002,841	3,852,068	4,242,211	4,272,775	2,923,374	2,997,361	2,627,741	-	-
Net Interest Income	132,011	131,427	-148,498	-173,458	-57,049	-325,580	-	-	-	-	-
Operating Income	-1,142,873	169,138	-671,158	41,691	370,873	836,280	1,744,817	1,254,014	1,177,670	-	-
Other Operating Expenses	-652,375	-646,643	-555,911	-371,528	672,150	648,773	525,516	327,391	323,606	-	-
Reconciled Depreciation	580,598	402,463	612,647	625,202	509,933	-	-	-	-	-	-
Selling General Administrative	1,103,102	945,709	1,749,295	1,229,350	1,169,042	1,100,686	824,348	855,540	729,799	112,752	136,342
Tax Provision	57,203	300,491	204,083	292,729	361,815	394,507	-	-	-	-	-
Total Operating Expenses	7,927,370	5,336,373	6,358,168	6,280,512	6,048,404	4,705,366	3,885,088	4,215,161	4,699,847	-	-
Total Other Income Expense Net	4,242,400	3,782,950	4,026,580	4,276,564	4,290,202	4,156,582	1,733,183	2,154,247	1,835,277	-	-
Total Revenue	6,784,497	5,505,511	5,687,010	6,322,203	6,419,277	5,541,646	5,629,905	5,468,765	5,877,517	16,000	16,000

	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
Cost Of Revenue	4,354,961	3,898,365	3,608,686	3,209,013	1,189,287	963,641	1,462,327	1,257,855	880,262	933,336	1,319,211	1,322,465	866,791	1,079,625	1,339,992	1,365,819	1,011,219	1,156,667	1,394,535	1,233,220	956,065	916,575	1,263,569	1,111,604	617,078	732,392	794,174	921,951	630,390	749,251	743,839	681,652	670,075	900,325	900,325
Ebit	283,530	-689,674	18,753	-381,768	-152,861	-230,627	274,758	248,878	95,083	29,306	1,359,504	-17,221	1,136,929	1,407,930	1,567,463	72,757	-17,160	-6,787	364,409	432,020	-38,730	111,825	537,908	227,984	-	-	-	-	-	-	-	-	-	-	-
Ebitda	4,735,543	830,935	2,838,318	753,677	776,178	1,252,597	1,275,395	1,417,370	1,043,837	901,358	1,359,504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	600,848	478,199	252,026	-144,871	-141,440	-102,771	349,311	371,036	91,796	127,921	524,094	350,531	100,228	203,567	423,811	345,624	195,129	197,503	747,216	891,964	443,349	485,595	901,090	796,058	556,885	481,315	1,101,128	931,013	661,121	765,011	761,634	624,743	636,320	691,358	691,358
Income Before Tax	4,160,746	327,503	2,374,661	397,056	608,463	1,092,781	1,133,238	1,303,024	904,193	740,837	1,135,461	-258,043	928,129	1,181,824	1,355,014	708,594	958,817	1,879,339	598,047	613,691	876,034	1,898,393	1,215,908	1,234,135	572,471	1,373,666	1,487,010	1,317,408	325,779	926,187	917,407	457,892	457,892	1,246,034	1,246,034
Income Tax Expense	440,584	-33,602	-99,082	-25,208	7,843	-18,933	93,501	92,911	45,726	26,528	135,326	90,700	-13,376	29,264	97,495	183,926	8,973	-13,805	113,635	147,236	17,800	44,571	152,208	103,958	62,578	295	227,676	198,847	81,046	137,367	137,367	104,469	104,469	100,776	100,776
Interest Expense	253,265	194,868	164,160	129,125	43,699	40,570	32,317	47,082	62,496	67,512	59,001	79,428	58,494	68,231	69,377	68,633	59,434	54,433	38,455	28,893	31,014	22,567	19,228	51,195	130,039	115,434	123,258	149,769	49,488	9,684	10,918	4,978	7,492	5,660	5,660
Interest Income	94,808	82,497	84,106	96,779	95,410	96,788	92,480	101,186	97,602	116,921	58,730	61,963	35,138	26,929	15,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	-1,404,985	324,123	444,594	-51,505	-4,136	926,769	904,263	869,048	866,473	800,740	809,462	737,285	713,664	745,096	774,297	771,492	760,879	798,459	14,500	32,725	20,283	16,539	18,030	36,063	21,243	38,221	39,122	42,654	148,617	32,836	328,744	26,357	418,435	34,304	34,304
Net Income	2,315,177	685,228	2,918,337	370,759	596,484	1,125,621	1,034,163	1,201,257	845,422	680,453	975,348	-368,722	943,161	1,140,020	1,254,473	516,668	940,186	1,885,902	469,912	433,730	837,951	1,837,283	1,045,670	1,094,114	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	2,315,177	685,228	2,918,337	370,759	596,484	1,125,621	1,034,163	1,201,257	845,422	680,453	975,348	-368,722	943,161	1,140,020	1,254,473	516,668	940,186	1,885,902	469,912	433,730	837,951	1,837,283	1,045,670	1,094,114	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	3,720,162	361,105	2,473,743	422,264	600,620	1,111,714	1,039,737	1,210,113	858,467	714,309	1,000,135	-348,743	941,505	1,152,560	1,257,519	524,668	949,844	1,893,144	484,412	466,455	858,234	1,853,822	1,063,700	1,130,177	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-159,812	-113,582	-82,357	-33,608	51,020	55,310	59,289	52,920	33,920	47,691	-3,104	-21,260	-27,927	-43,629	-55,682	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	188,970	141,943	-56,382	-583,458	-373,330	-330,557	144,472	85,722	-119,237	-76,229	278,882	-447,021	-180,710	-193,766	150,339	72,757	-17,160	-6,787	364,409	432,020	-38,730	111,825	537,908	228,199	173,662	-	822,071	548,417	297,134	458,549	449,632	245,688	245,484	381,318	381,318
Other Operating Expenses	-94,560	831,617	-75,135	-201,690	220,469	99,930	130,286	163,156	214,320	105,535	163,632	160,371	65,133	147,505	182,902	102,968	78,505	98,546	91,509	241,739	75,904	120,462	234,045	224,922	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	321,532	308,564	299,497	227,496	124,016	119,246	109,840	67,264	77,148	93,009	165,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	411,878	336,256	308,408	438,587	231,890	227,786	204,839	285,314	211,033	204,150	245,212	797,552	280,938	397,333	273,472	375,835	290,794	302,836	259,885	321,011	349,300	252,647	246,084	415,323	268,579	219,979	196,805	268,925	200,455	177,357	177,484	248,537	248,742	179,233	179,233
Tax Provision	440,584	-33,602	-99,082	-25,208	7,843	-18,933	93,501	92,911	45,726	26,528	135,326	90,700	-13,376	29,264	97,495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	4,766,839	4,234,621	3,917,094	3,647,600	1,421,177	1,191,427	1,667,166	1,543,169	1,091,295	1,137,486	1,564,423	2,120,017	1,147,729	1,476,958	1,613,464	1,638,686	1,223,508	1,360,957	1,685,833	1,451,425	1,362,240	1,169,883	1,392,706	1,454,541	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	4,131,588	299,142	2,513,400	1,014,122	930,773	1,368,028	929,477	1,164,382	989,510	769,375	859,683	210,238	1,136,766	1,419,219	1,260,357	635,837	975,977	1,886,126	233,638	181,671	914,764	1,786,568	678,000	1,006,151	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	4,955,809	4,376,564	3,860,712	3,064,142	1,047,847	860,870	1,811,638	1,628,891	972,058	1,061,257	1,843,305	1,672,996	967,019	1,283,192	1,763,803	1,711,443	1,206,348	1,354,170	2,141,751	2,125,184	1,399,414	1,402,170	2,164,659	1,907,662	1,173,963	1,213,707	1,895,302	1,852,964	1,291,511	1,514,262	1,505,473	1,306,395	1,306,395	1,591,683	1,591,683

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

Gross Profit (+$)
totalRevenue	6,784,497
Cost of Revenue	-6,824,268
Gross Profit	-39,771	-39,771

Operating Income (+$)
Gross Profit	-39,771
Operating Expense	-7,927,370
Operating Income	-1,142,873	-7,967,141

Operating Expense (+$)
Research Development	-
Selling General Administrative	1,103,102
Selling And Marketing Expenses	-
Operating Expense	7,927,370	1,103,102

Net Interest Income (+$)
Interest Income	381,457
Interest Expense	-245,711
Net Interest Income	132,011	135,746

Pretax Income (+$)
Operating Income	-1,142,873
Net Interest Income	132,011
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	3,231,538	-5,385,273 EBIT - interestExpense = -736,209 3,184,230 3,372,738
Interest Expense	245,711
Earnings Before Interest and Taxes (ebit)	-490,498	3,477,249
Earnings Before Interest and Taxes (ebitda)	4,057,847

After tax Income (+$)
Income Before Tax	3,231,538
Tax Provision	-57,203
Net Income From Continuing Ops	3,174,335	3,174,335
Net Income	3,127,027
Net Income Applicable To Common Shares	3,127,027

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-652,375
Total Other Income/Expenses Net	4,242,400	-132,011