reach specific target audiences rather than bluntly and broadly communicating to the masses. As a result, advertisers can meet their objectives in creating awareness, engagement and conversion more

significantly higher conversion rate of 3-5%, compared to the industry norm of 0.5%. Delivering More Than 70,000 Pieces of Smart Sampling EQUITY AND OTHERS  On 11 September 2018, VGI issued and allocated

per warrant and a conversion ratio of 1 warrant for 0.01 ordinary share (from THB 0.06 and 1 warrant for 1 ordinary share previously). MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q

components of THB 176.83 million. Furthermore, the Company registered the increase of the Company‘s registered share capital with from THB 324 million to THB 399 million to support the conversion rights of

& Analysis 2022 8 I 9 Unit December 31, 2021 December 31, 2022 Days sales outstanding days 1.52 1.83 Days of inventory outstanding days 28.90 34.44 Days payable outstandings days 39.41 43.80 Cash conversion

payable outstanding days 47 41 Cash conversion cycle days (6) 4

% Current ratio 0.81 1.09 1.10 1.16 Days sales outstanding days 2 3 3 3 Days of inventory outstanding days 39 42 44 40 Days payable outstanding days 47 41 50 46 Cash conversion cycle days (6) 4 (3) (3) The

) วงจรเงินสด (Cash Conversion Cycle) (วัน) ระยะเวลาขายสินค้า + ระยะเวลาเก็บหนี้ - ระยะเวลาชำระหนี้ 7 - ภาระหนี้สิน หรือภาระผูกพันทางการเงิน เช่น อัตราส่วนทางการเงิน สูตรการคำนวณ (1) ความสามารถในการชำระ

intervention of the government to determine the CPO pricing policy, economic change, climate change, and demand and supply. In the past 2 years, CPO’s world and Thai’s market had been highly volatilized. The

under trademark “Wuttisak Clinic” the Company has change the business strategy for appropriate with the business environment by closed 7 departments which have accumulate loss in July 2019 and decreased