stocked for 30 days just enough for monthly delivery plan within quarter and/or year contracts. Besides, the Company emphasis on efficiently control the loss rate from production but cannot completely

30 – 45 days, enough for the production and delivery in each month under quarterly and yearly contracts. Also, the Company is controlling and improving the rate of loss from production process. However

กดั (มหำชน) AI Energy Public Company Limited ทะเบียนเลขที่ 0107556000311 and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that prevent

THB as compared to US dollar. There would be the material change in Q3 for the Balance Sheet structure of which expecting to see the improvement of DE and Current ratio. However, the Balance Sheet

company has high cash and current investments from IPO proceeds. As a result, debt to equity ratio drop to 0.28 times. Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27

confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak

declined from the contractions in vehicle sales in line with the weakened household income from lower income, employment and consumer confidence coupled with the already high household debt level

follows; Financial ratio Y2018 Y2017 Liquidity (times) 11.02 11.81 Debt to Equity (times) 0.11 0.10 Return on Equity (%) 2.40% 5.81% Return on Assets (%) 2.18% 5.15% Gross Profit Margin (%) 15.38% 15.00

ratio Y2019 Y2018 Liquidity (times) 9.68 11.02 Debt to Equity (times) 0.12 0.11 Return on Equity (%) 3.84% 2.40% Return on Assets (%) 3.44% 2.18% Gross Profit Margin (%) 11.13% 15.38% EBIT Margin (%) 4.51

Company’s return on equity (ROE) ratio has improved to 10.2%, compared to 6.6% in Q1 2016. Return on assets (ROA) ratio improved to 5.5%, compared to 3.3% in Q1 2016. The interest bearing debt to equity (D/E