238.24 million as at December 31, 2019 due to impairment of dead stock and could not to use.. • Intangible assets decreased from THB 172.47 million from December 31, 2018 to THB 1.79 million in December 31
decreasing in total revenue. • Inventories decreased from THB 369.33 million as at December 31, 2018 to THB 238.24 million as at December 31, 2019 due to impairment of dead stock. • Intangible assets decreased
544.13 million as at December 31, 2018 to THB 326.96 million as at September 30, 2019 due to impairment of dead stock. Non-current assets classified as held for sale decreased THB 152.17 million from
was impacted from increase in methyl ester supply in Thailand which pressured to the profitability of methyl ester, Stock Loss & NRV due to dropped in crude palm oil price, and the declining of
of 2018 for THB 1.71 million due to realized stock loss that had set the allowance for devaluation of inventories (NRV) as of March 31, ท่ีตั้ง 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลองมะเด่ือ อ.กระทุ่มแบน
growth in domestic market at 3.4%, was due to last year forward stock into Q1’18 to prepare for the company name change from private to public company. Joint-scheme with BNK 48 helped uplifting Twelve Plus
mandatory diesel to gradually replace B7 since January 2020. Comparison with 1Q2020, CPO price plummeted, pressured by a high level of CPO stock in Thailand due to high seasonal palm production in this
was 46.3% increasing from 2Q18, due to net profit and treasury stock. 5 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis 2019 Management Outlook The Company
efficiently. Return on equity was 44.5% increasing YoY, due to net profit and treasury stock. Quarter Quarter Quarter 1/2018 4/2018 1/2019 Current ratio 0.59 0.58 0.63 Debt to Equity ratio 1.77 2.13 1.75
: Inventory was well-managed with inventory days increased from 22 days to 27 days due to increased stock handset after a supply shortage in FY21. Account payable days maintained at 73 days, stable from FY21