3 Years Financial Highlights % Growth Rate
Description Unit 2019 2018 2017* 2019 2018
Statements of Comprehensive Income (Equity method) (Baht Million)          
Sales of goods   777.6 742.6 795.4 4.7 10
Total revenues   854.8 794.5 816.4 7.6 14
Gross profit   330.8 336.2 414.7 (1.6) 14
Profit before share of income from investment in associated company, finance cost and income tax   44.0 49.2 15.5 (10.6) 218
Finance cost   0.4 1.3 2.0 (69.2) (35.1)
Profit before income tax expenses   43.6 47.9 13.5 (9.0) 256.1
Income tax expenses   7.8 8.8 1.5 (11.4) 478.3
Profit before share of income from investment in associated company   35.8 39.1 12.0 (8.4) 227.7
Share on income from the investment in associated company   52.5 90.0 66.6 (41.7) 35.1
Profit for the year   88.4 129.1 78.6 (31.5) 64.1
Total Comprehensive income for the year   86.0 127.7 77.3 (32.6) 65.2
Statements of Financial Position (Equity method) (Baht Million)          
Total assets   1,009.9 954.4 881.3 5.8 8.3
Total liabilities   230.7 217.5 245.5 6.1 (11.4)
Total shareholders’ equity   779.3 736.9 635.8 5.8 15.9
Interest bearing debt   8.1 8.7 70.3 (6.9) (87.6)
Share Capital Data            
Registered share capital issued and fully paid up (‘000 share) 168,640 168,433 165,259 0.1 1.9
Book value per share (Baht) 4.62 4.37 3.85 5.7 13.7
Par value per share (Baht) 1.00 1.00 1.00 - -
Earnings per share (Equity Method) (Baht) 0.52 0.77 0.47 (32.5) 63.8
Eanrings per share (Separate Method) (Baht) 0.35 0.35 0.18 - 94.4
Divedend per share (Baht) 0.26 0.18 0.18 44.4 -
Financial Ratios            
Gross profit margin (%) 42.5 45.3 52.1 (6.2) 3.1
Net profit margin (Equity Method) (%) 11.4 17.4 9.7 (34.5) 76.1
Dividend payout ratio (Equity Method) (%) 49.6 23.2 35.9 113.8 (35.5)
Dividend payout ratio (Separate Method) (%) 73.9 51.6 91.7 43.2 (43.8)
Return on total assets (%) 8.7 3.5 8.9 (35.5) 51.8
Return on equity (%) 11.3 17.5 12.2 (35.3) 41.9
Liquidity ratio (Times) 1.8 1.5 1.2 15.4 26.8
Collection days (Days) 100 84 80 (9.0) 5
Average number of days sales (Days) 75 79 84 (5.1) (6.0)
Debt to equity ratio (Times) 0.3 0.3 0.4 - (23.5)
Interest bearing debt to equity ratio (Times) 0.01 0.01 0.1 - (89.3)

Remark : *No adjustment as to TFRS15