Investor Relations
Financial Ratio Unit 2019 2020 2021
Liquidity Ratios
Current ratio Times 1.89 2.42 1.73
Quick ratio Times 1.31 1.77 1.13
Account receivable turnover Times 12.74 11.33 14.43
Collection period Days 28.26 31.77 24.95
Accounts payable turnover Times 12.26 10.76 11.69
Payment period Days 29.37 33.45 30.79
Profitability Ratios
Gross profit margin % 11.36 10.46 16.67
Net profit margin % 5.50 2.47 6.73
Return on equity % 10.61 4.29 11.47
Activity Ratios
Return on asset % 5.04 1.59 5.41
Return on fixed assets % 10.11 3.09 11.19
Total asset turnover Times 0.92 0.64 0.80
Solvency Ratios
Debt to equity1/ Times 0.51 0.62 0.64
Interest coverage Times 12.97 9.74 12.54
Earnings per share
Earnings per share2/ THB/share 3.20 1.32 3.79

Remarks:

1/ Debt to equity = Interest bearing debt divided by Total shareholder’s equity

2/ Calculated by the weighted average number of ordinary shares as of December 31, 2019, December 31, 2020 and December 31, 2021 amounting to 28,563.00 million shares.