WHA Corporation Public Company Limited

Financial Health of WHA Corporation Public Company Limited

Comparing to competitors in the Real Estate Services industry

Industry Rankings

WHA Corporation Public Company Limited
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Company's Financial Health
A deep dive into the books. How are the numbers doing? Is WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited. The closing price on 2022-12-08 was ฿3.88 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.

WHA Corporation 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 inefficient 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 efficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

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

1.1. Profitability of WHA Corporation Public Company Limited.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare WHA Corporation Public Company Limited to the Real Estate Services industry mean.
A Net Profit Margin of 16.1% means that ฿0.16 for each ฿1 in revenue is generated as profit.

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

The MRQ is 16.1%. The company is making a huge profit. +2
The TTM is 25.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	16.1%	TTM	25.6%	-9.5%
TTM	25.6%	YOY	28.9%	-3.3%
TTM	25.6%	5Y	27.8%	-2.2%
5Y	27.8%	10Y	21.9%	+5.9%

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	16.1%	10.5%	+5.6%
TTM	25.6%	8.2%	+17.4%
YOY	28.9%	7.9%	+21.0%
5Y	27.8%	9.1%	+18.7%
10Y	21.9%	10.5%	+11.4%

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

Revenue is the amount of profit WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services industry mean.
Can be used to compare companies within the Real Estate Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of WHA Corporation Public Company Limited. If profit margins remain low (compared to the Real Estate Services 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 WHA Corporation Public Company Limited is 0.16. This means that WHA Corporation Public Company Limited earned ฿0.16 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 Real Estate Services industry is 10.5%.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited with other companies in the same industry (Real Estate Services).
Net profit margin should rise over the years.
Can be influenced when WHA Corporation Public Company Limited sells assets (profit will increase while costs remain the same).
It won’t show what part of WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited = 289,644
Total revenue MRQ WHA Corporation Public Company Limited = 1,803,025
฿289,644 / ฿1,803,025 = 0.16 or 16.1%

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 WHA Corporation Public Company Limited is using its assets to generate profit.

Above 5% is considered healthy but always compare WHA Corporation Public Company Limited to the Real Estate Services industry mean.
0.3% Return on Assets means that WHA Corporation Public Company Limited generated ฿0.00 profit for each $1 in assets.

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

The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.3%	TTM	0.9%	-0.6%
TTM	0.9%	YOY	0.7%	+0.2%
TTM	0.9%	5Y	0.9%	+0.0%
5Y	0.9%	10Y	1.2%	-0.3%

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	0.3%	0.7%	-0.4%
TTM	0.9%	0.9%	+0.0%
YOY	0.7%	0.8%	-0.1%
5Y	0.9%	0.8%	+0.1%
10Y	1.2%	0.9%	+0.3%

Shows how efficient WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 WHA Corporation Public Company Limited is using its resources to generate profit. If the return on assets (0.3%) from WHA Corporation Public Company Limited are higher than the Real Estate Services mean (0.7%) that means WHA Corporation 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 WHA Corporation Public Company Limited is 0.3%. This means the company generated ฿0.00 for each ฿1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Real Estate Services industry is 0.7%.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited

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

Income statement
Balance sheet

Net income MRQ (income statement) from WHA Corporation Public Company Limited = 289,644
Total assets MRQ (balance sheet) from WHA Corporation Public Company Limited = 86,370,870
289,644 / 86,370,870 = 0.00 or 0.3%

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

Above 15%-20% is considered healthy but always compare WHA Corporation Public Company Limited to the Real Estate Services industry mean.
1.0% Return on Equity means WHA Corporation Public Company Limited generated ฿0.01 for each ฿1 the owners (shareholders) invested.

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

The MRQ is 1.0%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.0%	TTM	2.6%	-1.6%
TTM	2.6%	YOY	2.0%	+0.6%
TTM	2.6%	5Y	2.6%	0.0%
5Y	2.6%	10Y	3.8%	-1.2%

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	1.0%	1.6%	-0.6%
TTM	2.6%	2.0%	+0.6%
YOY	2.0%	1.6%	+0.4%
5Y	2.6%	1.7%	+0.9%
10Y	3.8%	1.9%	+1.9%

Shows how efficient WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 Real Estate Services 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 WHA Corporation Public Company Limited is 1.0%. This means WHA Corporation Public Company Limited generated ฿0.01 for each ฿1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Real Estate Services industry is 1.6%.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation Public Company Limited up to 10 years back (depending if WHA Corporation 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 WHA Corporation Public Company Limited

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) WHA Corporation Public Company Limited = 289,644
Shareholders equity (balance sheet) MRQ WHA Corporation Public Company Limited = 29,761,819
289,644 / 29,761,819 = 0.01 or 1.0%

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 WHA Corporation Public Company Limited.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient WHA Corporation Public Company Limited is operating .

Measures how much profit WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services industry mean.
An Operating Margin of 21.0% means the company generated ฿0.21 for each ฿1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of WHA Corporation Public Company Limited:

The MRQ is 21.0%. The company is operating efficient. +1
The TTM is 27.3%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	21.0%	TTM	27.3%	-6.3%
TTM	27.3%	YOY	31.1%	-3.8%
TTM	27.3%	5Y	41.0%	-13.7%
5Y	41.0%	10Y	24.2%	+16.8%

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	21.0%	13.2%	+7.8%
TTM	27.3%	9.0%	+18.3%
YOY	31.1%	9.1%	+22.0%
5Y	41.0%	11.1%	+29.9%
10Y	24.2%	10.1%	+14.1%

Measures how efficient WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 WHA Corporation 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 WHA Corporation Public Company Limited is 21.0%. This means that WHA Corporation Public Company Limited earned ฿0.21 for each ฿1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Real Estate Services industry is 13.2%.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ WHA Corporation Public Company Limited = 389,600
Total revenue MRQ WHA Corporation Public Company Limited = 1,803,025
฿389,600 / ฿1,803,025 = 0.21 or 21.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient WHA Corporation Public Company Limited is keeping operating costs low.

Below 1 is considered healthy (always compare to Real Estate Services industry mean).
An Operation Ratio of 1.36 means that the operating costs are ฿1.36 for each ฿1 in net sales.

Let's take a look of the Operating Ratio trends of WHA Corporation Public Company Limited:

The MRQ is 1.362. The company is inefficient in keeping operating costs low. -1
The TTM is 1.185. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.362	TTM	1.185	+0.177
TTM	1.185	YOY	1.329	-0.144
TTM	1.185	5Y	1.194	-0.009
5Y	1.194	10Y	0.714	+0.480

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	1.362	0.840	+0.522
TTM	1.185	0.764	+0.421
YOY	1.329	0.693	+0.636
5Y	1.194	0.698	+0.496
10Y	0.714	0.686	+0.028

Measures how efficient WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 WHA Corporation Public Company Limited is 136.2%. This means that WHA Corporation Public Company Limited earned ฿1.36 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 Real Estate Services industry is 0.84.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation 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
(1,042,609 +1,413,425) \ 1,803,025 = 1.36

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 WHA Corporation Public Company Limited.

1.3. Liquidity

1.3.1. Current Ratio

Measures if WHA Corporation Public Company Limited is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Real Estate Services industry mean).
A Current Ratio of 1.20 means the company has ฿1.20 in assets for each ฿1 in short-term debts.

Let's take a look of the Current Ratio trends of WHA Corporation Public Company Limited:

The MRQ is 1.205. The company is just able to pay all its short-term debts.
The TTM is 1.126. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.205	TTM	1.126	+0.079
TTM	1.126	YOY	1.220	-0.095
TTM	1.126	5Y	1.495	-0.370
5Y	1.495	10Y	0.912	+0.584

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	1.205	1.525	-0.320
TTM	1.126	1.580	-0.454
YOY	1.220	1.612	-0.392
5Y	1.495	1.690	-0.195
10Y	0.912	1.528	-0.616

Measures if WHA Corporation 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 Real Estate Services 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 WHA Corporation 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 WHA Corporation Public Company Limited is 1.20. This means WHA Corporation Public Company Limited has ฿1.20 in assets for each ฿1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Real Estate Services industry is 1.53.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
21,085,893 \ 17,501,756) = 1.20

The current ratio measures if WHA Corporation 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 WHA Corporation 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 WHA Corporation 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 WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services industry mean.
A Quick Ratio of 0.06 means the company can pay off ฿0.06 for each ฿1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of WHA Corporation Public Company Limited:

The MRQ is 0.065. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.048. 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	0.065	TTM	0.048	+0.017
TTM	0.048	YOY	0.047	+0.001
TTM	0.048	5Y	0.085	-0.037
5Y	0.085	10Y	0.054	+0.031

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	0.065	0.623	-0.558
TTM	0.048	0.620	-0.572
YOY	0.047	0.717	-0.670
5Y	0.085	0.722	-0.637
10Y	0.054	0.640	-0.586

Measures if WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 WHA Corporation Public Company Limited can pay off its short term debts. This shows if WHA Corporation 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 WHA Corporation Public Company Limited is 0.06. This means that WHA Corporation Public Company Limited can pay off ฿0.06 for each ฿1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Real Estate Services industry is 0.62.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited: ( + 10,016 +1,126,985) / 17,501,756 = 0.06

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 WHA Corporation Public Company Limited.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of WHA Corporation Public Company Limited assets are financed with debt.

Below 1 (100%) is considered healthy but always compare WHA Corporation Public Company Limited to Real Estate Services industry mean.
A Debt to Asset Ratio of 0.61 means that WHA Corporation Public Company Limited assets are financed with 61.4% credit (debt) and the remaining percentage (100% - 61.4%) is financed by its owners/shareholders.

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

The MRQ is 0.614. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.607. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.614	TTM	0.607	+0.007
TTM	0.607	YOY	0.613	-0.006
TTM	0.607	5Y	0.609	-0.002
5Y	0.609	10Y	0.656	-0.047

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	0.614	0.521	+0.093
TTM	0.607	0.523	+0.084
YOY	0.613	0.516	+0.097
5Y	0.609	0.514	+0.095
10Y	0.656	0.506	+0.150

Measures how much % of WHA Corporation Public Company Limited assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake WHA Corporation 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 WHA Corporation Public Company Limited to Real Estate Services 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 WHA Corporation Public Company Limited is 0.61. This means means that WHA Corporation Public Company Limited is financed with 61.4% 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 Real Estate Services industry is 152.5%.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited

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

Balance sheet
Debt to asset ratio = total debt \ total assets
53,066,457 \ 86,370,870 = 61.4% or 0.61.

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 WHA Corporation Public Company Limited is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare WHA Corporation Public Company Limited to the Real Estate Services industry mean.
A Debt to Equity ratio of 178.3% means that company has ฿1.78 debt for each ฿1 in shareholders equity.

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

The MRQ is 1.783. The company is just able to pay all its debts with equity.
The TTM is 1.729. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.783	TTM	1.729	+0.054
TTM	1.729	YOY	1.773	-0.044
TTM	1.729	5Y	1.769	-0.040
5Y	1.769	10Y	2.217	-0.448

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	1.783	1.104	+0.679
TTM	1.729	1.107	+0.622
YOY	1.773	1.091	+0.682
5Y	1.769	1.165	+0.604
10Y	2.217	1.214	+1.003

Measures if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited is 1.78. This means that WHA Corporation Public Company Limited can pay off ฿1.78 for each ฿1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Real Estate Services industry is 1.10.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation Public Company Limited

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
53,066,457 \ 29,761,819 = 1.78 or 178.3%

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 WHA Corporation 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 WHA Corporation Public Company Limited generates.

Above 15 is considered overpriced but always compare WHA Corporation Public Company Limited to the Real Estate Services industry mean.
A PE ratio of 157.91 means the investor is paying ฿157.91 for every ฿1 in earnings.

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

The EOD is 200.224. Seems overpriced? -1
The MRQ is 157.909. Seems overpriced? -1
The TTM is 137.916. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	200.224	MRQ	157.909	+42.315
MRQ	157.909	TTM	137.916	+19.993
TTM	137.916	YOY	174.888	-36.972
TTM	137.916	5Y	134.429	+3.487
5Y	134.429	10Y	5,534.941	-5,400.512

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
EOD	200.224	20.560	+179.664
MRQ	157.909	25.717	+132.192
TTM	137.916	28.875	+109.041
YOY	174.888	33.530	+141.358
5Y	134.429	31.222	+103.207
10Y	5,534.941	30.215	+5,504.726

Measures how much money you pay for each share for every ฿1 in earnings WHA Corporation 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 WHA Corporation Public Company Limited to the Real Estate Services 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 WHA Corporation Public Company Limited is 157.91. This means the investor is paying ฿157.91 for every ฿1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Real Estate Services industry is 25.72.
What is the trend?
The trend is important because it shows you how WHA Corporation Public Company Limited is performing over time. The most recent quarter might be important if WHA Corporation 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 WHA Corporation 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 WHA Corporation 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
289,644 \ 14,946,835 = EPS
PE ratio MRQ = 157.91

* 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 WHA Corporation 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 WHA Corporation Public Company Limited:

The MRQ is -124.820. Very Bad. -2
The TTM is -150.058. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-124.820	TTM	-150.058	+25.238
TTM	-150.058	YOY	3.666	-153.724
TTM	-150.058	5Y	19.491	-169.549
5Y	19.491	10Y	-449.498	+468.989

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
MRQ	-124.820	0.084	-124.904
TTM	-150.058	0.009	-150.067
YOY	3.666	0.009	+3.657
5Y	19.491	0.031	+19.460
10Y	-449.498	0.041	-449.539

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 WHA Corporation Public Company Limited is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Real Estate Services industry mean).
A PB ratio of 1.37 means the investor is paying ฿1.37 for each ฿1 in book value.

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

The EOD is 1.741. Good. +1
The MRQ is 1.373. Good. +1
The TTM is 1.457. Good. +1

Trends

Current period		Compared to		+/-
EOD	1.741	MRQ	1.373	+0.368
MRQ	1.373	TTM	1.457	-0.084
TTM	1.457	YOY	1.455	+0.002
TTM	1.457	5Y	1.736	-0.279
5Y	1.736	10Y	37.595	-35.859

Compared to industry (Real Estate Services)

Period	Company	Industry (mean)	+/-
EOD	1.741	0.844	+0.897
MRQ	1.373	0.952	+0.421
TTM	1.457	1.106	+0.351
YOY	1.455	1.073	+0.382
5Y	1.736	1.040	+0.696
10Y	37.595	0.952	+36.643

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.077	0.020	-488%	0.009	-933%	0.022	-444%	0.056	-237%
Book Value Growth	-	-	0.970	0.972	0%	0.971	0%	0.972	0%	0.973	0%
Book Value Per Share	-	-	2.228	2.244	-1%	2.153	+3%	2.096	+6%	1.458	+53%
Book Value Per Share Growth	-	-	-0.035	0.009	-503%	0.004	-928%	0.011	-426%	0.059	-159%
Current Ratio	-	-	1.205	1.126	+7%	1.220	-1%	1.495	-19%	0.912	+32%
Debt To Asset Ratio	-	-	0.614	0.607	+1%	0.613	+0%	0.609	+1%	0.656	-6%
Debt To Equity Ratio	-	-	1.783	1.729	+3%	1.773	+1%	1.769	+1%	2.217	-20%
Dividend Per Share	-	-	0.087	0.031	+181%	0.031	+177%	0.034	+156%	0.022	+298%
Dividend Per Share Growth	-	-	0.990	-24.374	+2563%	-99.525	+10157%	-4545.390	+459405%	-3952.427	+399487%
Eps	-	-	0.019	0.053	-63%	0.038	-49%	0.048	-60%	0.040	-52%
Eps Growth	-	-	-1.265	-0.767	-39%	-2.218	+75%	-1.329	+5%	-3.267	+158%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Net Profit Margin	-	-	0.161	0.256	-37%	0.289	-44%	0.278	-42%	0.219	-26%
Operating Margin	-	-	0.210	0.273	-23%	0.311	-33%	0.410	-49%	0.242	-13%
Operating Ratio	-	-	1.362	1.185	+15%	1.329	+3%	1.194	+14%	0.714	+91%
Pb Ratio	1.741	+21%	1.373	1.457	-6%	1.455	-6%	1.736	-21%	37.595	-96%
Pe Ratio	200.224	+21%	157.909	137.916	+14%	174.888	-10%	134.429	+17%	5534.941	-97%
Peg Ratio	-	-	-124.820	-150.058	+20%	3.666	-3505%	19.491	-740%	-449.498	+260%
Price Per Share	3.880	+21%	3.060	3.270	-6%	3.135	-2%	3.617	-15%	10.705	-71%
Price To Total Gains Ratio	419.570	+21%	330.898	164.438	+101%	221.264	+50%	938.440	-65%	-131.597	+140%
Profit Growth	-	-	93.499	94.928	-2%	90.766	+3%	93.315	+0%	88.029	+6%
Quick Ratio	-	-	0.065	0.048	+35%	0.047	+38%	0.085	-24%	0.054	+21%
Return On Assets	-	-	0.003	0.009	-64%	0.007	-51%	0.009	-63%	0.012	-73%
Return On Equity	-	-	0.010	0.026	-62%	0.020	-51%	0.026	-62%	0.038	-74%
Revenue Growth	-	-	0.975	0.952	+2%	0.959	+2%	0.960	+2%	0.924	+6%
Total Gains Per Share	-	-	0.009	0.051	-82%	0.040	-77%	0.056	-84%	0.078	-88%
Total Gains Per Share Growth	-	-	-2.206	-1.479	-33%	-6.576	+198%	-29.699	+1246%	-18.079	+720%
Usd Book Value	-	-	955836670.808	962432910.231	-1%	923715032.399	+3%	900972434.028	+6%	626320275.238	+53%
Usd Book Value Change Per Share	-	-	-0.002	0.001	-488%	0.000	-933%	0.001	-444%	0.002	-237%
Usd Book Value Per Share	-	-	0.064	0.064	-1%	0.062	+3%	0.060	+6%	0.042	+53%
Usd Dividend Per Share	-	-	0.002	0.001	+181%	0.001	+177%	0.001	+156%	0.001	+298%
Usd Eps	-	-	0.001	0.002	-63%	0.001	-49%	0.001	-60%	0.001	-52%
Usd Price Per Share	0.111	+21%	0.088	0.094	-6%	0.090	-2%	0.104	-15%	0.307	-71%
Usd Profit	-	-	8312794.452	22535748.485	-63%	16339973.299	-49%	20676747.484	-60%	17259929.942	-52%
Usd Revenue	-	-	51746804.700	80759183.184	-36%	51154714.530	+1%	71622736.386	-28%	73701078.759	-30%
Usd Total Gains Per Share	-	-	0.000	0.001	-82%	0.001	-77%	0.002	-84%	0.002	-88%
	EOD	+2 -3	MRQ	TTM	+9 -26	YOY	+17 -18	5Y	+13 -22	10Y	+18 -17

3.2. Fundamental Score

Let's check the fundamental score of WHA Corporation 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	200.224
Price to Book Ratio (EOD)	Between	0-1	1.741
Net Profit Margin (MRQ)	Greater than	0	0.161
Operating Margin (MRQ)	Greater than	0	0.210
Quick Ratio (MRQ)	Greater than	1	0.065
Current Ratio (MRQ)	Greater than	1	1.205
Debt to Asset Ratio (MRQ)	Less than	1	0.614
Debt to Equity Ratio (MRQ)	Less than	1	1.783
Return on Equity (MRQ)	Greater than	0.15	0.010
Return on Assets (MRQ)	Greater than	0.05	0.003
Total			4/10 (40.0%)

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 WHA Corporation Public Company Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	3.920
Total			1/1 (100.0%)

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 2022-06-30. Currency in THB. All numbers in thousands.

Summary

Total Assets	86,370,870
Total Liabilities	53,066,457
Total Stockholder Equity	29,761,819

	As reported
Total Liabilities	53,066,457
Total Stockholder Equity	+ 29,761,819
Total Assets	= 86,370,870

Assets

Total Assets	86,370,870
Total Current Assets	21,085,893
Long-term Assets	21,085,893

Total Current Assets

Total Current Assets (as reported)	21,085,893
Cash And Cash Equivalents	5,894,235
Short-term Investments	10,016
Net Receivables	1,126,985
Inventory	12,388,154
Other Current Assets	1,676,519
Total Current Assets (calculated)	21,095,909
+/-	10,016

Long-term Assets

Long-term Assets (as reported)	65,284,123
Property Plant Equipment	18,869,113
Goodwill	17,575,046
Long Term Investments	22,999,408
Intangible Assets	4,118,660
Other Assets	1,721,896
Long-term Assets (calculated)	65,284,123
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	17,501,756
Long-term Liabilities	35,564,701
Total Stockholder Equity	29,761,819

Total Current Liabilities

Total Current Liabilities (as reported)	17,501,756
Short Long Term Debt	14,165,021
Accounts payable	2,930,643
Other Current Liabilities	384,298
Total Current Liabilities (calculated)	17,479,962
+/-	21,795

Long-term Liabilities

Long-term Liabilities (as reported)	35,564,701
Long term Debt	28,610,205
Capital Lease Obligations Min Short Term Debt	348,979
Other Liabilities	6,627,311
Long-term Liabilities Other	359,262
Long-term Liabilities (calculated)	35,945,757
+/-	381,057

Total Stockholder Equity

Total Stockholder Equity (as reported)	29,761,819
Common Stock	1,494,683
Retained Earnings	10,162,324
Other Stockholders Equity	2,665,457
Total Stockholder Equity (calculated)	14,322,465
+/-	15,439,354

Other

Capital Stock	1,494,683
Common Stock Shares Outstanding	14,946,835
Net Debt	36,880,991
Net Invested Capital	72,537,044
Net Tangible Assets	8,068,113
Net Working Capital	3,584,992

Balance Sheet

Currency in THB. All numbers in thousands.

Trend

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

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> Total Assets

742,579
0
5,188,000
4,618,218
5,356,117
6,271,417
8,297,512
7,215,310
8,678,326
12,005,881
11,048,858
11,580,131
13,255,387
16,628,024
15,952,033
82,117,786
82,288,362
79,258,987
79,095,081
78,198,285
78,901,777
80,519,148
74,783,636
73,627,958
74,564,233
74,147,482
73,618,960
74,320,235
76,705,407
74,782,577
78,344,948
75,115,268
80,002,300
80,381,579
82,263,831
80,637,186
82,539,562
83,154,723
82,621,108
82,710,940
84,315,048
83,024,547
82,769,493
89,556,704
86,370,870

86,370,870

89,556,704

82,769,493

83,024,547

84,315,048

82,710,940

82,621,108

83,154,723

82,539,562

80,637,186

82,263,831

80,381,579

80,002,300

75,115,268

78,344,948

74,782,577

76,705,407

74,320,235

73,618,960

74,147,482

74,564,233

73,627,958

74,783,636

80,519,148

78,901,777

78,198,285

79,095,081

79,258,987

82,288,362

82,117,786

15,952,033

16,628,024

13,255,387

11,580,131

11,048,858

12,005,881

8,678,326

7,215,310

8,297,512

6,271,417

5,356,117

4,618,218

5,188,000

742,579

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,951,133
21,546,689
22,304,250
20,263,238
18,798,000
19,424,925
18,658,226
17,190,168
18,209,521
18,983,746
21,135,760
18,745,365
17,114,311
19,242,476
18,825,162
18,916,508
17,361,322
20,093,537
20,897,211
19,077,427
17,843,122
25,482,016
21,085,893

21,085,893

25,482,016

17,843,122

19,077,427

20,897,211

20,093,537

17,361,322

18,916,508

18,825,162

19,242,476

17,114,311

18,745,365

21,135,760

18,983,746

18,209,521

17,190,168

18,658,226

19,424,925

18,798,000

20,263,238

22,304,250

21,546,689

19,951,133

Cash And Cash Equivalents

29,438
0
29,473
110,870
151,392
108,545
978,730
97,905
83,630
183,169
319,823
77,210
483,543
98,272
370,938
4,093,857
2,911,818
1,048,623
2,554,719
1,122,973
1,489,338
2,557,302
2,635,396
2,698,933
3,631,252
1,757,712
1,919,711
2,930,034
2,950,365
1,375,229
3,172,221
2,438,961
3,824,482
2,962,174
2,680,760
4,229,700
3,613,747
3,706,585
3,794,448
3,111,670
4,282,541
2,204,827
3,572,749
10,021,903
5,894,235

5,894,235

10,021,903

3,572,749

2,204,827

4,282,541

3,111,670

3,794,448

3,706,585

3,613,747

4,229,700

2,680,760

2,962,174

3,824,482

2,438,961

3,172,221

1,375,229

2,950,365

2,930,034

1,919,711

1,757,712

3,631,252

2,698,933

2,635,396

2,557,302

1,489,338

1,122,973

2,554,719

1,048,623

2,911,818

4,093,857

370,938

98,272

483,543

77,210

319,823

183,169

83,630

97,905

978,730

108,545

151,392

110,870

29,473

29,438

Short-term Investments

0
0
0
0
0
0
0
0
0
0
2,530
392
3,366
17,729
6,485
0
0
49,445
0
0
0
0
0
0
0
0
0
0
0
0
0
405,269
1,532,660
125,276
247,140
718
689
700
695
735
754
815
818
822
10,016

10,016

822

818

815

754

735

695

700

689

718

247,140

125,276

1,532,660

405,269

49,445

6,485

17,729

3,366

392

2,530

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,853,358
1,490,536
1,344,102
1,440,548
1,378,707
1,367,115
1,181,558
1,310,702
1,250,232
406,569
445,733
419,439
1,173,072
761,381
963,321
996,243
431,998
869,375
669,440
804,680
727,008
867,082
1,126,985

1,126,985

867,082

727,008

804,680

669,440

869,375

431,998

996,243

963,321

761,381

1,173,072

419,439

445,733

406,569

1,250,232

1,310,702

1,181,558

1,367,115

1,378,707

1,440,548

1,344,102

1,490,536

1,853,358

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
813,927
2,435,607
3,067,017
3,045,518
1,759,218
1,585,375
1,149,257
1,091,256
422,650
371,441
404,740
404,009
471,913
1,465,984
1,671,042
1,616,132
508,800
3,138,961
3,174,269
3,183,338
907,876
1,658,094
1,676,519

1,676,519

1,658,094

907,876

3,183,338

3,174,269

3,138,961

508,800

1,616,132

1,671,042

1,465,984

471,913

404,009

404,740

371,441

422,650

1,091,256

1,149,257

1,585,375

1,759,218

3,045,518

3,067,017

2,435,607

813,927

> Long-term Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
56,131,522
58,866,540
61,636,213
64,902,381
61,394,001
63,713,717
64,237,515
65,259,091
62,616,668
63,417,083
63,946,305
64,925,553
64,073,866
65,284,123

65,284,123

64,073,866

64,925,553

63,946,305

63,417,083

62,616,668

65,259,091

64,237,515

63,713,717

61,394,001

64,902,381

61,636,213

58,866,540

56,131,522

Property Plant Equipment

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,748,671
13,255,629
12,979,312
13,470,251
13,711,570
13,126,682
13,180,878
13,328,775
14,556,343
12,494,034
13,300,326
14,632,013
15,494,067
15,773,135
17,010,148
17,961,754
18,347,396
16,202,412
17,178,570
17,843,968
17,959,790
17,481,956
18,869,113

18,869,113

17,481,956

17,959,790

17,843,968

17,178,570

16,202,412

18,347,396

17,961,754

17,010,148

15,773,135

15,494,067

14,632,013

13,300,326

12,494,034

14,556,343

13,328,775

13,180,878

13,126,682

13,711,570

13,470,251

12,979,312

13,255,629

14,748,671

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,653,502
19,653,502
19,653,502
17,335,595
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046
17,575,046

17,575,046

17,335,595

19,653,502

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,766,445
16,566,403
16,953,203
18,098,122
18,603,915
19,355,428
21,959,433
21,151,632
22,523,099
20,663,182
22,643,731
24,070,579
26,325,228
22,687,025
23,774,419
23,064,436
23,436,419
23,297,227
23,065,405
23,121,074
23,885,491
23,446,282
22,999,408

22,999,408

23,446,282

23,885,491

23,121,074

23,065,405

23,297,227

23,436,419

23,064,436

23,774,419

22,687,025

26,325,228

24,070,579

22,643,731

20,663,182

22,523,099

21,151,632

21,959,433

19,355,428

18,603,915

18,098,122

16,953,203

16,566,403

17,766,445

Intangible Assets

0
0
197,546
0
201,852
166,417
165,584
158,440
143,125
141,983
64,708
64,108
63,692
63,102
53,586
24,066,236
23,972,565
23,935,876
21,585,894
21,796,969
21,792,863
21,791,451
21,713,484
21,693,706
21,693,706
21,693,706
21,693,706
21,693,706
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660
4,118,660

4,118,660

21,693,706

21,713,484

21,791,451

21,792,863

21,796,969

21,585,894

23,935,876

23,972,565

24,066,236

53,586

63,102

63,692

64,108

64,708

141,983

143,125

158,440

165,584

166,417

201,852

197,546

Long-term Assets Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,191,936
1,109,563
1,124,136
1,085,166
1,082,241
1,076,396
1,338,384
1,164,931
991,934
1,047,526
855,881
737,868
1,006,691
1,211,830

1,211,830

1,006,691

737,868

855,881

1,047,526

991,934

1,164,931

1,338,384

1,076,396

1,082,241

1,085,166

1,124,136

1,109,563

1,191,936

> Total Liabilities

488,565
0
4,148,449
3,394,316
4,101,481
4,985,775
5,255,528
4,231,538
5,740,415
9,084,371
6,895,065
7,406,481
9,711,084
13,043,683
11,471,961
65,581,087
65,336,430
62,564,698
57,436,351
58,683,506
59,130,974
60,686,602
52,821,367
51,592,090
47,979,262
46,724,313
45,085,552
44,640,352
48,319,099
45,618,091
47,330,855
44,795,460
48,740,180
46,718,687
49,163,250
49,766,311
50,979,591
51,567,740
50,453,942
49,839,222
52,200,145
50,681,203
48,739,721
55,097,243
53,066,457

53,066,457

55,097,243

48,739,721

50,681,203

52,200,145

49,839,222

50,453,942

51,567,740

50,979,591

49,766,311

49,163,250

46,718,687

48,740,180

44,795,460

47,330,855

45,618,091

48,319,099

44,640,352

45,085,552

46,724,313

47,979,262

51,592,090

52,821,367

60,686,602

59,130,974

58,683,506

57,436,351

62,564,698

65,336,430

65,581,087

11,471,961

13,043,683

9,711,084

7,406,481

6,895,065

9,084,371

5,740,415

4,231,538

5,255,528

4,985,775

4,101,481

3,394,316

4,148,449

488,565

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,413,736
16,495,442
10,445,801
9,506,883
8,007,305
7,249,764
9,563,106
10,370,295
9,245,200
8,723,894
16,417,488
16,367,765
17,837,121
15,900,723
18,639,144
15,597,262
14,707,178
15,139,396
18,012,981
19,049,702
18,635,927
19,039,709
17,501,756

17,501,756

19,039,709

18,635,927

19,049,702

18,012,981

15,139,396

14,707,178

15,597,262

18,639,144

15,900,723

17,837,121

16,367,765

16,417,488

8,723,894

9,245,200

10,370,295

9,563,106

7,249,764

8,007,305

9,506,883

10,445,801

16,495,442

15,413,736

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,995,095
40,663,108
37,481,503
3,235,895
3,058,716
2,859,184
5,448,491
4,143,504
4,505,013
5,293,413
12,337,237
13,531,237
14,070,457
0
0
0
0
0
0
0
0
0
0

14,070,457

13,531,237

12,337,237

5,293,413

4,505,013

4,143,504

5,448,491

2,859,184

3,058,716

3,235,895

37,481,503

40,663,108

41,995,095

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
41,995,095
40,663,108
37,481,503
3,235,895
3,058,716
2,859,184
5,448,491
4,143,504
4,505,013
5,293,413
12,337,237
13,531,237
14,070,457
12,615,791
15,225,887
12,739,137
11,720,945
12,345,671
15,169,541
16,564,914
15,428,748
16,058,707
14,165,021

14,165,021

16,058,707

15,428,748

16,564,914

15,169,541

12,345,671

11,720,945

12,739,137

15,225,887

12,615,791

14,070,457

13,531,237

12,337,237

5,293,413

4,505,013

4,143,504

5,448,491

2,859,184

3,058,716

3,235,895

37,481,503

40,663,108

41,995,095

Accounts payable

39,142
0
464,220
518,549
561,869
691,989
542,945
657,686
1,096,231
1,229,253
819,165
1,035,080
793,399
433,891
231,131
773,694
1,347,836
1,159,564
1,172,302
1,166,479
680,447
390,581
367,186
532,508
439,525
473,449
343,061
338,529
283,769
334,059
506,634
3,080,498
3,756,860
2,584,306
456,453
2,840,818
2,936,732
2,538,278
732,742
2,320,378
2,412,517
2,119,502
728,378
2,496,999
2,930,643

2,930,643

2,496,999

728,378

2,119,502

2,412,517

2,320,378

732,742

2,538,278

2,936,732

2,840,818

456,453

2,584,306

3,756,860

3,080,498

506,634

334,059

283,769

338,529

343,061

473,449

439,525

532,508

367,186

390,581

680,447

1,166,479

1,172,302

1,159,564

1,347,836

773,694

231,131

433,891

793,399

1,035,080

819,165

1,229,253

1,096,231

657,686

542,945

691,989

561,869

518,549

464,220

39,142

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,450,294
2,721,290
2,393,524
2,351,915
2,277,918
2,209,594
1,815,518
1,707,051
2,156,356
100,754
125,646
109,286
2,741,324
365,022
396,199
243,929
1,828,888
400,332
360,209
294,945
2,022,132
459,377
384,298

384,298

459,377

2,022,132

294,945

360,209

400,332

1,828,888

243,929

396,199

365,022

2,741,324

109,286

125,646

100,754

2,156,356

1,707,051

1,815,518

2,209,594

2,277,918

2,351,915

2,393,524

2,721,290

2,450,294

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,071,566
32,322,692
30,350,922
31,326,128
33,865,588
32,340,446
35,970,477
35,746,764
34,699,825
34,187,164
31,631,501
30,103,794
36,057,534
35,564,701

35,564,701

36,057,534

30,103,794

31,631,501

34,187,164

34,699,825

35,746,764

35,970,477

32,340,446

33,865,588

31,326,128

30,350,922

32,322,692

36,071,566

Capital Lease Obligations Min Short Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-41,995,095
-40,663,108
-37,481,503
-3,235,895
-3,058,716
-2,859,184
-5,448,491
-4,143,504
-4,505,013
-5,293,413
-12,157,177
-13,531,237
-14,070,457
386,851
407,803
390,871
372,192
350,133
604,297
589,552
368,380
357,395
348,979

348,979

357,395

368,380

589,552

604,297

350,133

372,192

390,871

407,803

386,851

-14,070,457

-13,531,237

-12,157,177

-5,293,413

-4,505,013

-4,143,504

-5,448,491

-2,859,184

-3,058,716

-3,235,895

-37,481,503

-40,663,108

-41,995,095

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
416,587
409,155
392,329
274,485
81,533
83,545
87,322
84,888
86,029
92,922
70,620
70,878
81,861
359,262

359,262

81,861

70,878

70,620

92,922

86,029

84,888

87,322

83,545

81,533

274,485

392,329

409,155

416,587

> Total Stockholder Equity

254,014
254,014
1,039,551
1,223,902
1,254,636
1,285,642
3,041,985
2,983,772
2,937,911
2,921,510
4,153,793
4,173,650
3,544,303
3,584,341
4,480,071
13,433,253
13,773,914
13,473,377
18,655,767
18,931,439
19,132,629
19,156,379
21,429,401
21,489,009
20,395,931
21,056,900
25,243,733
26,099,281
25,057,183
25,616,171
27,225,729
26,851,314
27,805,063
30,068,191
29,477,631
27,735,108
28,672,841
28,249,473
28,805,186
29,341,131
28,750,205
28,878,618
30,594,107
30,885,599
29,761,819

29,761,819

30,885,599

30,594,107

28,878,618

28,750,205

29,341,131

28,805,186

28,249,473

28,672,841

27,735,108

29,477,631

30,068,191

27,805,063

26,851,314

27,225,729

25,616,171

25,057,183

26,099,281

25,243,733

21,056,900

20,395,931

21,489,009

21,429,401

19,156,379

19,132,629

18,931,439

18,655,767

13,473,377

13,773,914

13,433,253

4,480,071

3,584,341

3,544,303

4,173,650

4,153,793

2,921,510

2,937,911

2,983,772

3,041,985

1,285,642

1,254,636

1,223,902

1,039,551

254,014

Common Stock

170,000
0
380,600
380,600
380,600
380,600
510,000
510,000
611,999
917,993
917,993
917,993
963,892
963,892
963,892
1,314,398
1,314,398
1,314,398
1,432,234
1,432,243
1,432,243
1,432,243
1,432,243
1,432,243
1,432,243
1,432,243
1,432,243
1,432,630
1,432,630
1,433,427
1,433,427
1,439,142
1,439,142
1,470,910
1,470,910
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683
1,494,683

1,494,683

1,470,910

1,439,142

1,433,427

1,432,630

1,432,243

1,432,234

1,314,398

963,892

917,993

611,999

510,000

380,600

170,000

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
779,812
758,642
893,122
1,048,246
4,226,568
4,286,376
4,240,636
4,404,017
4,552,737
5,246,584
6,347,211
6,741,529
6,148,632
2,804,090
3,999,409
3,147,483
2,797,866
3,199,103
3,297,076
3,265,176
3,344,898
2,980,320
2,665,457

2,665,457

2,980,320

3,344,898

3,265,176

3,297,076

3,199,103

2,797,866

3,147,483

3,999,409

2,804,090

6,148,632

6,741,529

6,347,211

5,246,584

4,552,737

4,404,017

4,240,636

4,286,376

4,226,568

1,048,246

893,122

758,642

779,812

Balance Sheet

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Accounts Payable	728,378	732,742	456,453	506,634	343,060	367,186	1,172,302	231,131	819,165	542,945	464,220	39,142
Capital Lease Obligations	368,380	372,192	-	-	-	-	-	-	-	-	-	-
Capital Stock	1,494,683	1,494,683	1,470,910	1,433,427	-	-	-	-	-	-	-	-
Cash	3,572,749	3,794,448	2,680,760	3,172,221	1,919,711	2,635,395	2,554,719	370,938	319,823	978,730	29,473	29,438
Common Stock	1,494,683	1,494,683	1,470,910	1,433,427	1,432,243	1,432,243	1,432,234	963,892	917,992	510,000	380,600	170,000
Common Stock Shares Outstanding	14,946,835	14,946,835	14,709,098	14,334,267	14,322,430	-	-	-	-	-	-	-
Deferred Long Term Liab	-	-	-	-	-	-	-	4,111	5,047	-	-	-
Good Will	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	-	-	-	-	-
Intangible Assets	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,138,439	4,235,877	53,586	64,708	165,583	197,546	-
Inventory	12,635,489	12,626,076	12,788,566	13,364,419	13,740,364	14,648,453	15,425,268	-	-	-	-	-
Long Term Debt	22,986,238	29,532,723	25,153,819	30,259,458	29,555,580	30,003,822	31,005,180	8,368,984	4,201,656	2,605,394	1,340,111	280,987
Long Term Investments	23,885,491	23,436,419	26,325,228	21,716,704	18,035,167	15,658,119	13,723,410	3,952,753	2,063,978	-	-	-
Net Debt	34,842,237	37,459,220	36,543,517	33,208,231	32,478,757	-	-	-	-	-	-	-
Net Invested Capital	69,009,093	70,058,854	68,701,908	63,606,181	59,642,201	-	-	-	-	-	-	-
Net Receivables	727,008	431,998	1,173,072	1,250,232	1,373,661	1,853,358	1,724,330	130,519	39,957	-	-	-
Net Tangible Assets	8,900,402	7,111,481	7,783,926	5,532,023	3,550,027	-264,305	-3,155,156	4,426,486	4,089,085	-	-	-
Net Working Capital	-791,987	2,654,840	-475,671	9,770,716	11,359,443	-	-	-	-	-	-	-
Non Current Assets Total	64,925,553	65,259,091	64,902,381	59,329,031	54,252,212	52,724,176	-	-	-	-	-	-
Non Current Liabilities Other	70,878	84,888	274,485	435,693	533,461	310,687	-	-	-	-	-	-
Non Current Liabilities Total	30,103,794	35,746,764	31,326,128	38,085,655	37,078,247	37,407,631	-	-	-	-	-	-
Non Currrent Assets Other	737,868	1,164,931	1,085,166	1,065,642	511,885	401,730	-	-	-	-	-	-
Other Assets	1,386,566	1,781,570	1,389,380	1,362,279	816,815	624,215	481,750	3,412,265	2,347,207	2,378,892	1,603,938	26,049
Other Current Assets	907,876	508,800	471,913	422,650	1,759,218	813,927	4,988,714	3,359,202	2,306,015	-	-	-
Other Current Liab	2,022,132	1,828,888	2,741,324	2,156,356	2,277,918	2,450,294	2,348,448	1,829,277	1,355,220	-	-	-
Other Liab	6,779,457	5,914,264	6,172,309	7,826,196	7,522,667	7,403,810	5,500,301	2,218,367	1,576,029	1,115,380	713,053	126,064
Other Stockholder Equity	3,344,898	2,797,866	6,148,632	4,552,737	4,226,568	779,812	904,698	-6,715	-6,152	-	-	-
Property Plant Equipment	17,959,790	18,347,396	15,494,067	14,556,343	13,711,570	14,748,137	18,357,110	8,025,488	6,210,655	-	-	-
Retained Earnings	10,315,171	9,073,283	7,751,245	8,628,170	7,020,750	6,653,175	3,755,020	1,801,290	1,520,348	692,583	479,290	73,814
Short Long Term Debt	15,428,748	11,720,945	14,070,457	6,120,994	4,842,888	11,991,273	14,889,072	391,219	4,491,495	-	-	-
Short Term Debt	-	-	14,070,457	6,120,994	4,842,888	11,991,273	14,889,072	391,219	4,491,495	-	-	-
Short Term Investments	818	695	247,140	806,395	568,748	2,108,327	-	6,485	2,530	-	-	-
Total Assets	82,769,493	82,621,108	82,263,831	78,344,948	73,618,960	74,783,636	79,066,224	15,952,032	11,048,858	8,297,512	5,188,000	742,579
Total Current Assets	17,843,122	17,361,322	17,114,311	18,209,521	18,792,955	19,951,133	24,693,031	3,867,143	2,668,325	-	-	-
Total Current Liabilities	18,635,927	14,707,178	17,837,121	9,245,200	8,007,305	15,413,736	20,902,013	2,931,065	2,529,753	-	-	-
Total Liab	48,739,721	50,453,942	49,163,250	47,330,855	45,085,552	52,821,367	57,407,493	11,471,961	6,895,065	5,255,528	4,148,449	488,565
Total Stockholder Equity	30,594,107	28,805,186	29,477,631	27,225,729	25,243,733	21,429,401	18,655,767	4,480,071	4,153,793	3,041,985	1,039,551	254,014

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-03-31	2010-12-31
Accounts Payable	2,930,643	2,496,999	728,378	2,119,502	2,412,517	2,320,378	732,742	2,538,278	2,936,732	2,840,818	456,453	2,584,306	3,756,860	3,080,498	506,634	334,059	283,769	338,529	343,061	473,449	439,525	532,508	367,186	390,581	680,447	1,166,479	1,172,302	1,159,564	1,347,836	773,694	231,131	433,891	793,399	1,035,080	819,165	1,229,253	1,096,231	657,686	542,945	691,989	561,869	518,549	464,220	-	39,142
Capital Lease Obligations	348,979	357,395	368,380	589,552	604,297	350,133	372,192	390,871	407,803	386,851	-	-	180,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	5,894,235	10,021,903	3,572,749	2,204,827	4,282,541	3,111,670	3,794,448	3,706,585	3,613,747	4,229,700	2,680,760	2,962,174	3,824,482	2,438,961	3,172,221	1,375,229	2,950,365	2,930,034	1,919,711	1,757,712	3,631,252	2,698,933	2,635,396	2,557,302	1,489,338	1,122,973	2,554,719	1,048,623	2,911,818	4,093,857	370,938	98,272	483,543	77,210	319,823	183,169	83,630	97,905	978,730	108,545	151,392	110,870	29,473	-	29,438
Common Stock	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,494,683	1,470,910	1,470,910	1,439,142	1,439,142	1,433,427	1,433,427	1,432,630	1,432,630	1,432,243	1,432,243	1,432,243	1,432,243	1,432,243	1,432,243	1,432,243	1,432,243	1,432,234	1,314,398	1,314,398	1,314,398	963,892	963,892	963,892	917,993	917,993	917,993	611,999	510,000	510,000	380,600	380,600	380,600	380,600	-	170,000
Common Stock Shares Outstanding	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,946,835	14,709,098	14,709,098	14,911,186	14,630,298	14,573,683	14,535,704	12,100,829	1,443,010	15,598,289	14,228,664	14,329,899	14,320,573	14,424,536	14,318,285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Good Will	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,575,046	17,335,595	19,653,502	19,653,502	19,653,502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	4,118,660	21,693,706	21,693,706	21,693,706	21,693,706	21,693,706	21,713,484	21,791,451	21,792,863	21,796,969	21,585,894	23,935,876	23,972,565	24,066,236	53,586	63,102	63,692	64,108	64,708	141,983	143,125	158,440	165,584	166,417	201,852	-	197,546	-	-
Inventory	12,388,154	12,934,937	12,635,489	12,884,583	12,770,961	12,973,531	12,626,076	12,597,549	12,577,047	12,720,609	12,788,566	12,946,952	13,063,802	13,448,196	13,364,419	13,412,982	13,377,045	13,542,402	13,740,364	14,019,461	14,261,878	14,921,613	14,648,453	15,413,156	15,487,975	15,474,976	15,425,268	16,649,336	16,274,911	15,585,871	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	28,610,205	29,199,622	22,986,238	25,373,178	27,815,128	28,600,364	29,532,723	29,959,915	26,155,922	27,979,051	25,153,819	24,158,770	26,269,045	30,271,743	30,259,458	27,509,153	30,984,357	29,543,680	29,555,580	29,842,754	30,361,313	27,809,246	30,003,822	32,396,891	26,570,526	24,296,847	31,005,180	42,821,248	47,636,315	45,007,883	8,368,984	9,086,542	6,746,234	4,603,153	4,201,656	4,795,508	2,442,262	1,372,603	2,605,394	2,314,023	2,204,701	1,771,120	1,340,111	-	280,987
Long Term Investments	22,999,408	23,446,282	23,885,491	23,121,074	23,065,405	23,297,227	23,436,419	23,064,436	23,774,419	22,687,025	26,325,228	24,070,579	22,643,731	20,663,182	22,523,099	21,151,632	21,959,433	19,355,428	18,603,915	18,098,122	16,953,203	16,566,403	17,766,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	36,880,991	35,236,426	34,842,237	39,733,266	38,702,128	37,834,366	37,459,220	38,992,468	37,768,062	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	72,537,044	76,143,928	69,009,093	70,816,710	71,734,874	70,287,167	70,058,854	70,948,526	70,054,650	68,329,950	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	1,126,985	867,082	727,008	804,680	669,440	869,375	431,998	996,243	963,321	761,381	1,173,072	419,439	445,733	406,569	1,250,232	1,310,702	1,181,558	1,367,115	1,378,707	1,440,548	1,344,102	1,490,536	1,853,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Tangible Assets	8,068,113	9,191,893	8,900,402	7,184,912	7,056,500	7,647,426	7,111,481	6,555,767	6,979,135	6,041,402	7,783,926	8,374,486	6,111,357	5,157,608	5,532,023	3,922,466	3,363,478	4,405,575	3,550,027	-636,805	-1,297,775	-204,697	-284,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	3,584,992	6,443,129	-791,987	28,540	2,884,984	4,954,875	2,654,840	3,319,946	186,701	3,342,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	65,284,123	64,073,866	64,925,553	63,946,305	63,417,083	62,616,668	65,259,091	64,237,515	63,713,717	61,394,001	64,902,381	61,636,213	58,866,540	56,131,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Other	359,262	81,861	70,878	70,620	92,922	86,029	84,888	87,322	83,545	81,533	274,485	392,329	409,155	416,587	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	35,564,701	36,057,534	30,103,794	31,631,501	34,187,164	34,699,825	35,746,764	35,970,477	32,340,446	33,865,588	31,326,128	30,350,922	32,322,692	36,071,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	1,211,830	1,006,691	737,868	855,881	1,047,526	991,934	1,164,931	1,338,384	1,076,396	1,082,241	1,085,166	1,124,136	1,109,563	1,191,936	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	1,721,896	1,451,921	1,386,566	1,287,557	1,479,402	1,423,324	1,781,570	1,517,620	1,235,445	1,240,136	1,389,380	1,239,916	1,228,777	1,280,600	1,362,279	1,418,295	1,213,165	2,304,869	2,570,987	3,667,683	3,700,780	3,001,139	1,417,829	8,362,837	7,789,889	7,870,138	5,286,948	8,305,484	8,298,497	6,872,382	3,412,265	3,163,972	3,329,531	3,107,235	2,347,207	2,200,925	2,053,632	1,904,395	2,378,892	1,419,175	208,186	202,737	1,603,938	-	26,049
Other Current Assets	1,676,519	1,658,094	907,876	3,183,338	3,174,269	3,138,961	508,800	1,616,132	1,671,042	1,465,984	471,913	404,009	404,740	371,441	422,650	1,091,256	1,149,257	1,585,375	1,759,218	3,045,518	3,067,017	2,435,607	813,927	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Current Liab	384,298	459,377	2,022,132	294,945	360,209	400,332	1,828,888	243,929	396,199	365,022	2,741,324	109,286	125,646	100,754	2,156,356	1,707,051	1,815,518	2,209,594	2,277,918	2,351,915	2,393,524	2,721,290	2,450,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liab	6,627,311	6,525,143	6,779,457	5,739,112	5,838,452	5,822,342	5,914,264	5,695,610	5,857,048	5,578,779	6,172,309	6,192,152	6,053,647	5,799,823	7,826,196	7,738,643	7,771,636	10,517,813	10,344,023	10,088,072	10,058,234	10,396,473	10,459,086	9,329,425	9,715,620	9,746,474	8,636,610	7,461,141	7,466,723	16,798,391	2,228,674	1,274,273	1,252,320	1,392,487	1,584,405	2,182,189	2,069,783	1,911,672	1,116,785	1,259,650	600,960	490,708	713,053	-	126,064
Other Stockholder Equity	2,665,457	2,980,320	3,344,898	3,265,176	3,297,076	3,199,103	2,797,866	3,147,483	3,999,409	2,804,090	6,148,632	6,741,529	6,347,211	5,246,584	4,552,737	4,404,017	4,240,636	4,286,376	4,226,568	1,048,246	893,122	758,642	779,812	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	18,869,113	17,481,956	17,959,790	17,843,968	17,178,570	16,202,412	18,347,396	17,961,754	17,010,148	15,773,135	15,494,067	14,632,013	13,300,326	12,494,034	14,556,343	13,328,775	13,180,878	13,126,682	13,711,570	13,470,251	12,979,312	13,255,629	14,748,671	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	10,162,324	10,971,241	10,315,171	8,679,404	8,519,091	9,207,991	9,073,283	8,167,952	7,739,395	7,996,980	7,751,245	7,592,131	7,022,524	7,169,402	8,628,170	7,167,332	6,804,307	7,800,665	7,020,750	6,012,240	5,506,395	6,733,953	6,653,175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt	14,165,021	16,058,707	15,428,748	16,564,914	15,169,541	12,345,671	11,720,945	12,739,137	15,225,887	12,615,791	14,070,457	13,531,237	12,337,237	5,293,413	4,505,013	4,143,504	5,448,491	2,859,184	3,058,716	3,235,895	37,481,503	40,663,108	41,995,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	-	-	-	-	-	-	-	14,070,457	13,531,237	12,337,237	5,293,413	4,505,013	4,143,504	5,448,491	2,859,184	3,058,716	3,235,895	37,481,503	40,663,108	41,995,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	10,016	822	818	815	754	735	695	700	689	718	247,140	125,276	1,532,660	405,269	-	-	-	-	-	-	-	-	-	-	-	-	-	49,445	-	-	6,485	17,729	3,366	392	2,530	-	-	-	-	-	-	-	-	-	-
Total Assets	86,370,870	89,556,704	82,769,493	83,024,547	84,315,048	82,710,940	82,621,108	83,154,723	82,539,562	80,637,186	82,263,831	80,381,579	80,002,300	75,115,268	78,344,948	74,782,577	76,705,407	74,320,235	73,618,960	74,147,482	74,564,233	73,627,958	74,783,636	80,519,148	78,901,777	78,198,285	79,095,081	79,258,987	82,288,362	82,117,786	15,952,033	16,628,024	13,255,387	11,580,131	11,048,858	12,005,881	8,678,326	7,215,310	8,297,512	6,271,417	5,356,117	4,618,218	5,188,000	-	742,579
Total Current Assets	21,085,893	25,482,016	17,843,122	19,077,427	20,897,211	20,093,537	17,361,322	18,916,508	18,825,162	19,242,476	17,114,311	18,745,365	21,135,760	18,983,746	18,209,521	17,190,168	18,658,226	19,424,925	18,798,000	20,263,238	22,304,250	21,546,689	19,951,133	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	17,501,756	19,039,709	18,635,927	19,049,702	18,012,981	15,139,396	14,707,178	15,597,262	18,639,144	15,900,723	17,837,121	16,367,765	16,417,488	8,723,894	9,245,200	10,370,295	9,563,106	7,249,764	8,007,305	9,506,883	10,445,801	16,495,442	15,413,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liab	53,066,457	55,097,243	48,739,721	50,681,203	52,200,145	49,839,222	50,453,942	51,567,740	50,979,591	49,766,311	49,163,250	46,718,687	48,740,180	44,795,460	47,330,855	45,618,091	48,319,099	44,640,352	45,085,552	46,724,313	47,979,262	51,592,090	52,821,367	60,686,602	59,130,974	58,683,506	57,436,351	62,564,698	65,336,430	65,581,087	11,471,961	13,043,683	9,711,084	7,406,481	6,895,065	9,084,371	5,740,415	4,231,538	5,255,528	4,985,775	4,101,481	3,394,316	4,148,449	-	488,565
Total Stockholder Equity	29,761,819	30,885,599	30,594,107	28,878,618	28,750,205	29,341,131	28,805,186	28,249,473	28,672,841	27,735,108	29,477,631	30,068,191	27,805,063	26,851,314	27,225,729	25,616,171	25,057,183	26,099,281	25,243,733	21,056,900	20,395,931	21,489,009	21,429,401	19,156,379	19,132,629	18,931,439	18,655,767	13,473,377	13,773,914	13,433,253	4,480,071	3,584,341	3,544,303	4,173,650	4,153,793	2,921,510	2,937,911	2,983,772	3,041,985	1,285,642	1,254,636	1,223,902	1,039,551	254,014	254,014

Cash Flow

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Begin Period Cash Flow	3,794,448	2,680,760	3,172,221	1,919,711	2,635,395	-	-	-	-	-
Capital Expenditures	1,292,417	1,471,436	1,040,613	514,398	716,977	250,038	0	0	0	0
Change In Cash	-221,699	1,113,688	-491,461	1,252,510	-715,684	80,676	2,183,782	51,115	-654,587	-
Change In Working Capital	79,610	-466,759	-53,254	-699,479	152,389	-	-	-	-	-
Change To Account Receivables	11,180	-100,193	17,077	-31,244	21,262	-53,101	-87,843	-62,838	-28,880	-
Change To Inventory	-67,481	65,725	202,184	572,394	512,602	673,877	53,587	53,587	53,587	-
Change To Liabilities	444,402	-295,783	-219,338	-561,120	-502,218	-216,026	2,410,230	130,260	-32,019	-
Change To Netincome	-607,505	-38,495	-1,475,327	-2,300,305	-2,113,034	-5,021,711	-660,866	-1,086,715	-1,396,746	-
Change To Operating Activities	-330,183	-136,841	-53,410	-679,508	120,125	-485,335	62,451	-140,709	21,887	-
Depreciation	619,990	592,319	459,708	496,984	472,863	597,004	763,620	179,054	137,443	-
Dividends Paid	-1,694,452	-1,733,286	-2,867,518	-1,776,977	-2,953,958	-11,524	-341,048	-651,774	-96,332	-
End Period Cash Flow	3,572,749	3,794,448	2,680,760	3,172,221	1,919,711	2,635,395	-	-	-	-
Free Cash Flow	1,381,326	1,154,523	879,714	-117,199	1,043,649	-	-	-	-	-
Investments	-562,222	-284,674	-2,865,521	-1,620,112	75,063	10,167,546	-1,277,977	-1,888,306	-1,164,572	-
Net Borrowings	-2,944,430	1,976,473	2,973,343	2,049,293	-7,533,776	-5,689,090	19,492,252	5,309,214	985,883	-
Net Income	2,590,071	2,523,750	3,229,254	2,906,810	3,266,429	3,170,267	1,953,730	978,615	1,463,458	213,293
Other Cashflows From Financing Activities	-21,395	-226,606	-88,039	-17,361	5,849,103	-2,790,574	-1	-6,709	-5,111	-
Other Cashflows From Investing Activities	-534,649	-74,478	528,799	486,275	401,451	-401,062	-134,842	-326,495	-119,980	-
Other Non Cash Items	1,089,302	1,077,377	923,817	1,110,650	1,537,936	-	-	-	-	-
Sale Purchase Of Stock	-	-	-	-	13,228	1	12,114,364	12,114,364	12,114,364	-
Total Cash From Financing Activities	-4,660,277	17,378	1,915,458	477,535	-4,625,403	-8,491,187	31,265,567	4,650,730	884,441	-
Total Cash From Operating Activities	2,673,743	2,625,959	2,177,983	422,663	1,789,401	-1,581,338	4,509,905	-136	165,538	-
Total Cashflows From Investing Activities	1,751,774	-1,528,347	-4,532,259	354,437	2,144,151	10,167,546	-33,584,416	-4,599,478	-1,704,565	-

	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	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31
Begin Period Cash Flow	10,021,903	3,572,749	2,204,827	4,282,541	3,111,670	3,794,448	3,706,585	3,613,747	4,229,700	2,680,760	2,962,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	289,587	245,781	355,245	488,151	115,878	333,143	326,153	400,458	356,734	199,364	476,689	249,335	169,913	144,676	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
Change In Cash	-4,127,668	6,449,154	1,367,922	-2,077,714	1,170,871	-682,778	87,863	92,838	-615,954	1,548,941	-281,414	-862,309	1,396,626	-721,203	1,796,992	-1,575,136	20,331	1,010,323	161,999	-1,873,540	932,320	63,537	78,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	117,682	-752,814	518,268	1,297	111,030	-550,984	450,052	-282,291	-307,507	-327,013	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-155,513	-49,357	43,110	83,400	142,381	-257,710	215,273	-29,386	-164,108	-121,972	44,984	38,465	-57,795	-8,577	35,444	-14,078	-10,396	-42,215	86,191	-89,776	147,507	-122,661	43,276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Inventory	468,437	-335,557	165,695	-78,827	171,957	-326,307	-19,914	59,327	82,809	-56,496	-76,617	120,630	196,820	-38,650	74,232	27,983	224,051	246,129	336,601	110,772	354,191	-288,962	794,582	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Liabilities	30,399	-94,655	366,654	36,765	-147,056	188,038	162	-167,638	-263,337	135,030	59,808	-132,227	-101,569	-45,350	3,074	-124,505	-447,628	7,938	-305,689	-80,247	-455,332	339,051	140,581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	64,046	-310,673	-1,304,936	-108,827	379,278	426,980	-930,044	50,768	333,192	507,589	-517,477	-431,961	-271,445	-385,258	-1,078,942	-425,308	458,723	-1,254,778	-657,921	-601,300	-364,081	-518,508	-3,966,901	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-230,711	-273,245	-57,192	-42,316	-56,252	-174,423	254,532	-144,927	37,128	-283,574	73,164	-49,259	-1,533	-75,782	-64,297	-14,457	-404,105	-196,650	3,802	249,191	-30,677	-102,191	-286,415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	147,373	151,813	156,702	157,179	157,471	148,639	156,367	150,373	144,609	140,971	133,333	102,926	99,536	123,912	126,220	124,864	119,495	126,406	95,252	118,151	122,684	136,777	172,572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1,293,269	-13,419	-514,841	-18,379	-1,159,454	-1,778	-665,758	-37,226	-1,028,302	-2,000	-1,306,984	-21,746	-1,538,787	0	-8,026	-58,601	-1,609,686	-100,664	-717,208	-4,633	-2,225,978	-6,139	-6,139	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
End Period Cash Flow	5,894,235	10,021,903	3,572,749	2,204,827	4,282,541	3,111,670	3,794,448	3,706,585	3,613,747	4,229,700	2,680,760	2,962,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	324,089	-501,386	1,062,901	-280,464	792,107	-193,218	819,576	-242,111	355,625	221,433	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-45,834	140,463	-715,042	-52,215	9,190	195,845	-595,960	-10,862	21,423	300,725	-2,222,314	-252,580	-2,035,746	109,196	-854,173	1,617,902	-2,568,069	184,228	-839,152	-431,269	-92,611	1,438,096	-3,749,096	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-2,491,017	6,720,423	-3,587,990	-1,064,692	2,032,145	-323,893	-1,463,371	1,314,068	764,449	1,361,327	1,528,177	-801,467	3,053,932	-807,299	988,293	-2,560,000	4,221,000	-600,000	-1,760,000	-1,285,000	-3,150,000	-1,310,000	-10,179,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	289,644	656,070	2,034,844	160,313	260,206	134,708	1,453,876	428,558	542,066	99,250	1,201,122	569,607	1,051,918	406,606	1,460,838	363,025	303,032	779,915	1,707,440	505,845	972,367	80,777	2,401,176	42,563	334,491	119,925	1,784,938	226,081	913,666	5,244	27,982	31,723	1,289,511	29,847	22,191	121,909	24,650	14,943	9,318	164,381	18,100	339,285	9,585	38,506
Other Cashflows From Financing Activities	-3,794	-12,998	-12,998	-6,167	-7,541	-7,687	-4,100	-10,776	-111,589	-100,140	-1,000	-2,470	-84,569	0	-4,319	-8,395	-4,647	-4,647	-4,647	4,160	5,841,723	3,220	-357,946	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	-69,217	-4,500	-246,949	-213,200	-3,000	-71,500	-36,978	-257,093	106,888	112,704	460,248	-20,000	338,935	-119,569	368,898	-75,005	233,532	-41,150	-92,310	-1,897	100,571	395,088	-426,774	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non Cash Items	273,514	259,640	265,577	279,344	287,862	256,519	277,833	257,324	292,319	249,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale Purchase Of Stock	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,228	13,228	13,228	13,228	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-3,788,080	6,694,006	-4,102,831	-1,089,239	865,150	-333,358	-2,133,228	1,266,065	-375,442	1,259,984	1,032,002	-825,684	2,516,439	-807,299	1,171,296	-2,626,996	2,633,899	-700,664	-2,463,981	-1,285,473	465,745	-1,312,919	-10,537,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Operating Activities	613,676	-255,605	1,418,146	207,687	907,985	139,925	1,145,728	347,075	712,359	420,797	936,153	218,182	915,933	-23,099	575,223	-62,476	243,173	-333,256	1,277,047	212,636	746,659	-475,717	-687,387	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cashflows From Investing Activities	-963,802	10,698	4,064,866	-1,212,811	-606,946	-493,334	1,078,357	-1,519,684	-967,584	-119,436	-2,222,314	-252,580	-2,035,746	109,196	47,004	1,138,850	-2,887,410	2,055,993	1,379,732	-810,266	-278,297	1,852,982	11,302,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Income Statement

Currency in THB. All numbers in thousands.

	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31
Cost Of Revenue	5,663,046	3,841,280	6,400,805	4,631,781	5,001,536	11,414,643	7,430,608	3,269,115	5,140,765	-	-	-
Ebit	3,475,330	2,986,404	4,277,049	4,712,830	4,773,126	6,883,851	3,911,095	1,327,698	1,811,666	-	-	-
Ebitda	5,278,687	4,829,759	5,691,434	5,796,435	6,109,557	-	-	-	-	-	-	-
Gross Profit	4,754,166	3,073,025	4,062,200	3,690,147	4,512,047	6,405,939	5,044,402	1,611,034	1,943,425	-	-	-
Income Before Tax	3,551,391	3,157,693	4,267,776	4,203,328	4,089,487	3,982,896	2,253,924	1,202,669	1,712,320	252,971	430,274	112,112
Income Tax Expense	678,584	292,929	305,062	325,241	253,820	812,629	87,025	224,053	248,862	39,679	2,543	34,392
Interest Expense	1,107,305	1,079,747	963,950	1,096,123	0	0	0	0	0	0	0	0
Interest Income	-	-	-	82,557	91,847	109,212	-	-	-	-	-	-
Minority Interest	-282,737	3,361,980	3,622,950	3,788,364	3,289,675	532,868	3,002,963	3,002,963	3,002,963	-	22,255	-
Net Income	2,590,071	2,523,750	3,229,254	2,906,810	3,266,429	3,170,267	1,953,730	978,615	1,463,458	213,293	-	-
Net Income Applicable To Common Shares	2,590,071	2,523,750	3,229,254	2,906,810	3,266,429	2,898,156	1,953,730	978,615	1,463,458	213,293	-	-
Net Income From Continuing Ops	2,872,808	2,864,764	3,962,713	3,878,087	3,835,667	3,170,267	2,166,899	978,615	1,463,458	-	-	-
Net Interest Income	-1,145,549	-1,112,285	-986,383	-1,096,777	-1,524,681	-2,322,940	-	-	-	-	-	-
Operating Income	3,150,261	1,769,033	2,331,356	2,193,021	2,981,352	5,022,138	3,911,095	1,563,161	1,951,619	440,044	165,860	3,748
Reconciled Depreciation	619,990	592,319	459,708	496,984	472,863	-	-	-	-	-	-	-
Selling General Administrative	1,603,905	1,303,991	1,730,844	1,607,761	1,702,413	1,495,279	1,133,307	283,335	131,759	-	-	-
Tax Provision	678,584	292,929	305,062	325,241	253,820	812,629	-	-	-	-	-	-
Total Operating Expenses	7,266,951	5,145,272	8,131,649	6,128,907	6,532,232	12,798,444	8,563,914	3,552,450	5,272,524	-	-	-
Total Other Income Expense Net	1,546,679	2,500,945	2,922,803	3,107,085	2,632,816	1,283,697	-1,657,171	-125,030	-99,346	-	-	-
Total Revenue	10,417,212	6,914,305	10,463,005	8,321,928	9,513,583	17,820,582	12,475,009	5,115,611	7,224,143	2,251,206	240,177	43,339

	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31
Cost Of Revenue	1,042,609	799,832	3,703,283	574,584	821,535	563,644	2,120,480	486,359	688,006	546,435	1,989,317	916,286	881,006	2,614,196	1,751,010	492,568	859,768	1,528,434	2,542,222	691,701	1,248,593	519,020	9,341,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebit	379,018	456,581	2,685,292	216,330	460,621	113,088	1,862,810	301,067	736,320	561,843	1,839,166	1,049,622	1,798,169	975,981	1,845,722	704,515	598,741	1,476,028	2,039,866	810,025	1,540,424	382,811	3,816,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Ebitda	920,739	1,184,918	3,049,205	710,707	846,314	672,461	2,135,136	1,008,059	1,124,722	561,843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	760,416	775,215	3,065,285	534,412	673,528	480,941	1,523,418	459,672	558,202	531,732	1,413,372	756,241	1,141,322	751,265	2,407,409	1,052,331	981,686	1,791,341	2,636,733	1,121,605	2,007,981	709,220	4,484,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Tax	478,482	765,653	2,653,649	264,316	390,640	242,787	1,722,307	594,906	674,922	165,557	1,474,738	799,014	1,420,159	573,865	1,846,883	623,725	442,798	1,289,922	2,009,902	740,113	1,272,630	66,842	3,403,463	92,823	331,743	154,866	1,905,450	25,340	314,835	8,299	1,133,571	6,669	29,269	33,160	1,510,868	31,939	24,956	144,557	19,566	18,035	12,347	203,023	26,264	346,612	16,665	40,733
Income Tax Expense	99,720	65,454	556,601	29,286	39,593	53,103	163,488	86,475	299	42,667	127,785	72,561	34,547	70,169	138,097	39,687	31,160	116,297	173,162	38,556	66,811	-24,708	825,726	12,267	-	-	32,433	35,188	14,181	5,223	219,905	1,425	1,287	1,437	221,357	2,092	2,765	22,648	-	3,092	3,029	38,642	2,310	234	-	-
Interest Expense	294,883	267,453	238,854	289,213	298,203	281,035	244,355	262,780	305,190	255,315	231,094	147,682	278,473	278,205	147,149	292,808	337,909	313,395	256,440	406,116	418,919	452,858	462,098	628,164	616,888	610,542	548,774	650,827	730,050	204,940	117,066	79,001	50,132	59,493	62,997	47,277	35,664	41,990	48,301	36,354	29,010	35,637	43,230	14,796	22,257	5,388
Minority Interest	-89,118	-44,129	-62,203	-74,717	3,364,698	3,530,587	3,361,980	3,337,510	2,887,130	3,135,766	3,622,950	3,594,700	3,457,057	3,468,495	3,788,364	3,548,315	3,329,125	393,711	129,301	195,712	233,452	10,773	176,561	37,993	14,592	42,966	88,078	42,894	74,573	7,624	-	-	-	-	-	-	-	-	-	-	-	-	5,854	7,094	7,080	2,226
Net Income	289,644	656,070	2,034,844	160,313	260,206	134,708	1,453,876	428,558	542,066	99,250	1,201,122	569,607	1,051,918	406,606	1,460,838	363,025	303,032	779,914	1,707,440	505,845	972,367	80,777	2,401,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Applicable To Common Shares	289,644	656,070	2,034,844	160,313	260,206	134,708	1,453,876	428,558	542,066	99,250	1,201,122	569,607	1,051,918	406,606	1,460,838	363,025	303,032	779,914	1,707,440	505,845	972,367	80,777	2,401,176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	378,762	700,199	2,097,047	235,030	351,047	189,684	1,558,819	508,431	674,623	122,890	1,346,953	726,453	1,385,612	503,695	1,708,786	584,038	411,638	1,173,626	1,836,741	701,557	1,205,819	91,550	2,577,737	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income	-294,883	-267,453	-277,098	-289,213	-298,203	-281,035	-289,000	-262,780	-305,190	-255,315	-282,024	-147,682	-278,473	-278,205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	389,600	1,002,443	2,460,164	216,642	310,793	162,661	1,100,507	193,668	251,192	223,667	895,042	374,921	646,874	414,519	1,845,722	704,515	598,741	1,476,028	2,039,866	810,025	1,540,424	382,811	3,816,813	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciled Depreciation	147,373	151,813	156,702	157,179	157,471	148,639	156,367	150,373	144,609	140,971	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling General Administrative	370,816	349,296	605,121	317,770	362,734	318,279	422,911	266,005	307,010	308,066	518,330	381,320	494,448	336,747	561,687	347,816	382,945	315,313	596,867	311,580	467,557	326,409	667,559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax Provision	99,720	65,454	556,601	29,286	39,593	53,103	163,488	86,475	299	42,667	127,785	72,561	34,547	70,169	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	1,413,425	572,604	4,308,404	892,354	1,184,269	881,923	2,543,392	752,363	995,016	854,501	2,507,647	1,297,606	1,375,454	2,950,942	2,312,697	840,385	1,242,714	1,843,746	3,139,089	1,003,281	1,716,150	845,428	10,008,919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Other Income Expense Net	383,766	30,663	470,583	336,887	378,050	361,161	910,800	664,018	728,920	197,206	861,719	571,775	1,051,759	437,551	1,161	-80,790	-155,943	-186,106	-29,964	-69,913	-267,794	-315,969	-413,350	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Revenue	1,803,025	1,575,046	6,768,568	1,108,996	1,495,062	1,044,585	3,643,898	946,031	1,246,208	1,078,167	3,402,689	1,672,527	2,022,328	3,365,461	4,158,419	1,544,900	1,841,455	3,447,064	5,597,376	2,149,509	3,407,699	1,365,129	14,137,364	1,628,477	1,984,090	1,723,463	9,042,393	1,335,649	1,922,066	548,006	4,573,980	178,830	150,197	157,705	4,720,011	157,793	125,419	2,169,549	132,338	95,494	85,627	1,899,976	105,138	62,285	50,910	21,846

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

Gross Profit (+$)
totalRevenue	10,417,212
Cost of Revenue	-5,663,046
Gross Profit	4,754,166	4,754,166

Operating Income (+$)
Gross Profit	4,754,166
Operating Expense	-7,266,951
Operating Income	3,150,261	-2,512,785

Operating Expense (+$)
Research Development	-
Selling General Administrative	1,603,905
Selling And Marketing Expenses	-
Operating Expense	7,266,951	1,603,905

Net Interest Income (+$)
Interest Income	-
Interest Expense	-1,107,305
Net Interest Income	-1,145,549	-1,107,305

Pretax Income (+$)
Operating Income	3,150,261
Net Interest Income	-1,145,549
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	3,551,391	1,603,582 EBIT - interestExpense = 2,368,025 3,268,655 3,697,376
Interest Expense	1,107,305
Earnings Before Interest and Taxes (ebit)	3,475,330	4,658,697
Earnings Before Interest and Taxes (ebitda)	5,278,687

After tax Income (+$)
Income Before Tax	3,551,391
Tax Provision	-678,584
Net Income From Continuing Ops	2,872,808	2,872,808
Net Income	2,590,071
Net Income Applicable To Common Shares	2,590,071

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	-
Total Other Income/Expenses Net	1,546,679	1,145,549