Financial Ratio

Comparative Financial Ratios
Ratios 2015 2016 2017
Liquidity Ratios      
Current Ratio (Times) 1.47 1.01 1.71
Quick Ratio (Times) 0.48 0.29 0.47
Leverage Ratios
Gearing Ratio (Times) 1.29 2.00 2.03
Debt to Equity (Times)* 0.81 1.39 1.40
Net Debt to Equity (Times)* 0.75 1.37 1.38
Time Interest Earned (Times) 5.55 5.27 4.02
Efficiency Activity Ratios
Total Assets Turnover (Times) 1.11 1.06 0.95
Inventory Turnover (Times) 2.91 3.06 2.85
Accounts Receivable Turnover (Times) 8.09 8.83 9.48
Accounts Payable Turnover (Times) 11.66 10.77 9.43
Inventory Days (Days) 124 118 126
Account Receivable Days (Days) 44 41 38
Account Payable Days (Days) 31 33 38
Profitability Ratios
Gross Profit Margin (%) 15.6 14.8 13.3
EBITDA margin (%) 9.2 8.4 8.3
Net Profit Margin (%) 4.2 3.9 4.4
Return on Average Equity (%) 11.9 11.8 13.7
Return on Assets (%)** 7.8 6.5 6.0
Return on Capital Employed (%) 12.0 10.6 8.9
Per Share Data
Earnings per Share (Thai Baht) 1.11 1.10 1.26
Dividend per Share (Thai Baht) 0.63 0.63 0.66
Book Value per Share (Thai Baht) 9.60 9.06 9.32
* Debt = Interest bearing debt only
** Pre-tax ROA = EBIT/Average total assets
*** Restated for Par change to THB 0.25 (from THB 1.00) in December 2014