Financial Ratio

Comparative Financial Ratios
Ratios 2014 2015 2016
Liquidity Ratios      
Current Ratio (Times) 1.51 1.47 1.01
Quick Ratio (Times) 0.43 0.48 0.29
Leverage Ratios      
Gearing Ratio (Times) 1.43 1.29 2.00
Debt to Equity (Times)* 0.98 0.81 1.39
Net Debt to Equity (Times)* 0.85 0.75 1.37
Time Interest Earned (Times) 5.07 5.55 5.66
Efficiency Activity Ratios      
Total Assets Turnover (Times) 1.09 1.11 1.06
Inventory Turnover (Times) 2.75 2.91 3.06
Accounts Receivable Turnover (Times) 8.42 8.09 8.83
Accounts Payable Turnover (Times) 12.65 11.66 10.77
Inventory Days (Days) 131 124 118
Account Receivable Days (Days) 43 44 41
Account Payable Days (Days) 28 31 33
Profitability Ratios      
Gross Profit Margin (%) 15.7 15.6 14.8
EBITDA margin (%) 9.1 9.2 8.3
Net Profit Margin (%) 4.2 4.2 3.9
Return on Average Equity (%) 12.2 11.9 11.8
Return on Assets (%)** 7.6 7.8 6.4
Return on Capital Employed (%) 12.5 12.0 10.5
Per Share Data      
Earnings per Share (Thai Baht) 1.099*** 1.11 1.10
Dividend per Share (Thai Baht) 0.54 0.63 0.63
Book Value per Share (Thai Baht) 9.42 9.60 9.06
Remark: 2015 ratios were based on financial statement reported on 23 February 2016
* Debt = Interest bearings debt only
** Pre-tax ROA = EBIT / Average total assets
*** Restated for par change to THB 0.25 (from THB 1.00) in December 2014