days (days) 138 126 Efficiency Ratios Leverage Ratios Return on assets4 (%) 10.2% 5.1% Liability to Equity (times) 0.4 0.6 Return on fixed assets5 (%) 58.4% 29.7% Debt to equity (times) 0.0 0.2 Asset
RECEIVABLES (THB mn) 31 MARCH 2017 (Restated) 30 SEPTEMBER 2017 Not yet due 577 585 Up to 6 months 93 99 Over 6 months 39 47 Total 709 731 % of total receivables 93.0% 85.9% Allowance for doubtful debt 34 33
(%) 11.5% 15.6% Liability to Equity (times) 0.4 0.4 Return on fixed assets5 (%) 87.1% 87.6% Debt to equity (times) 0.0 0.2 Asset turnover (times) 0.6 0.5 8 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2017
assets* (%) 12.2% 8.6% Liability to equity (times) 1.6 0.6 Return on fixed assets* (%) 75.8% 68.5% Debt to equity (times) 1.0 0.4 Assets turnover* (times) 0.5 0.4 Remark: - Financial ratios were calculated
2019 Not yet due 273 262 Up to 3 months 145 130 3 - 6 months 67 30 6 - 12 months 13 29 Over 12 months 11 18 Total 509 469 Allowance for doubtful debt 6 7 MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST
assets (%) 12.2% 9.6% Liability to equity (times) 1.6 0.6 Return on fixed assets (%) 75.8% 75.2% Debt to equity (times) 1.0 0.3 Assets turnover (times) 0.5 0.5 Remark: - Financial ratios were calculated
30 JUNE 2018 Not yet due 124 112 Up to 3 months 89 15 3 - 6 months 0 8 6 - 12 months 0 1 Over 12 months 13 8 Total 227 145 Allowance for doubtful debt 11 7 8 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD
% Payable days (days) 97.6 107.2 Efficiency Ratios Leverage Ratios Return on assets (%) 8.5% 7.4% Liability to equity (times) 0.6 0.3 Return on fixed assets (%) 60.1% 72.7% Debt to equity (times) 0.3 0.1
(Restated) 30 SEPTEMBER 2018 Not yet due 647 693 Up to 6 months 164 392 Over 6 months 22 54 Total 833 1,139 % of total trade and other receivables 77.3% 72.5% Allowance for doubtful debt 36 30 % of total
Efficiency Ratios Efficiency Ratios Return on assets4 (%) 10.3% -1.5% Liability to Equity (times) 0.6 1.1 Return on fixed assets5 (%) 50.3% -12.3% Debt to equity (times) 0.2 0.3 Asset turnover (times) 0.7 0.4