Performance Highlights

Presenting key metrics and figures for a financial snapshot overview of a company's financial performance.

Financial Highlights in FY24

Overall Operating Revenue
THB mn
(Flat YoY)
Gross Profit
THB mn
representing 50.5% of operating revenue
SG&A Expenses
THB mn
representing 28.6% of operating revenue
Adjusted Net Profit
THB mn
(down by 3.9% YoY)
Reported Net Profit
THB mn
(up by 1.0%)

Financial Highlights

Total Operating Revenue
(Unit: THB mn)
THB mn
Total Assets
(Unit: THB mn)
THB mn
Total Profits
(Unit: THB mn)
THB mn
Adjusted Total Profits
(Unit: THB mn)
THB mn
Consolidated Income Statement
Figures in THB mn
2019 2020 2021 2022 2023 2024
Operating Revenue 11,130 12,589 14,136 15,686 15,681 15,344
Gross profit 4,578 4,986 5,911 7,040 7,095 7,754
Selling and Admin. exp (SGA) 3,176 3,299 3,769 4,359 4,191 4,385
SGA (% to revenue) 28.5% 26.2% 26.7% 27.8% 26.7% 28.6%
Net Profit (Adjusted) of core business1 1,293 1,462 1,882 2,290 2,327 2,236
(% to revenue) 11.6% 11.6% 13.3% 14.6% 14.8% 14.6%
Net foreign exchange gain/(loss)2 (78) 18 119 2 (325) (188)
Long term employee benefit charge (41) - - - - -
Normalizing tax expense - - - - 31 -
Net losses from new businesses (36) (91) (60) (52) (41) (36)
Net profits-Reported 1,139 1,388 1,941 2,240 1,993 2,013
Operating cash inflow 1,495 1,629 2,727 1,997 1,926 2,401
% to net profits 131.3% 117.4% 140.5% 89.1% 96.7% 119.0%
Cash cycle (days) 129 126 124 119 132 140
Revenue by Segments
Mega We Care  business 5,476 5,848 6,909 8,053 8,005 8,371
Maxxcare business 5,414 6,502 6,906 7,319 7,397 6,667
OEM 239 239 320 314 279 306
Consolidated Balance Sheet
Figures in THB mn
2019 2020 2021 2022 2023 2024
Cash and bank balances3 1,455 1,218 2,531 2,789 2,712 3,813
Trade accounts receivable 2,539 2,507 2,557 3,107 3,314 2,975
Inventories 2,856 3,489 3,823 4,109 3,377 3,033
Property, plant and equipment4 1,802 1,985 1,874 1,936 2,010 1,978
Intangible assets5 992 1,312 1,353 1,329 1,319 1,319
Other assets 889 1,046 1,134 1,376 1,383 1,092
Total Assets 10,533 11,557 13,272 14,646 14,115 14,210
Bank overdrafts & short-term Loans 888 499 168 229 76 288
Trade Payables 2,020 2,048 2,527 2,793 1,925 1,685
Other Liabilities 1,450 2,031 2,552 2,847 2,812 2,361
Total Outside Liabilities 4,358 4,578 5,247 5,870 4,813 4,333
Shareholder Equity 6,175 6,979 8,025 8,777 9,302 9,877
Total Liabilities and Equity 10,533 11,557 13,272 14,646 14,115 14,210
Key Balance Sheet Elements
Net cash/(debt) 567 718 2,363 2,560 2,636 3,525
Net cash used in / (generated) from investing activities6 540 646 142 279 230 4
Net debt/Equity (times) (0.10) (0.11) (0.32) (0.30) (0.29) (0.36)
Remark:
  1. Adjusted net profits are net profit adjusted for losses from newly started businesses including startups, net foreign exchange gains or losses and non-recurring material income or expenses or taxes, based on best estimates, to reflect normal business performance.
  2. Excluding Dual currency rate effect in Myanmar impact, based on best estimates, is due to difference between bank rate of exchange by Central bank of Myanmar adopted for financial reporting per International Financial Reporting Standards vs Actual transacted market rates, resulting in inflated sales, gross margins, SG&A and forex losses, not materially impacting the overall profitability.
  3. Cash and bank balances as at balance sheet dates include non-restricted term deposits with banks
  4. Includes asset classified as investment property
  5. Includes goodwill
  6. Net cash used in / (generated) from investing activities includes investment in property plant and equipments, business acquisitions and investment / refund in joint ventures and associates.