43.0% due to Q3–2021, the Company paid for goods and services according to the credit term. Therefore, the trade accounts payable decreased while the short-term loans from financial institutions

non-current assets 4,604 2% 1,698 1% 275 0% Total non-current assets 242,664 87% 233,242 91% 213,791 88% Total assets 278,792 100% 255,439 100% 243,955 100% Trade accounts payable 2,945 1% 1,135 0

ratio (times) 1.7 2.1 1.7 2.1 Number of days of inventory 48 30 41 32 Collection period (days) 53 43 49 43 Accounts payable (days) 57 42 50 42 Profitability Ratios Gross profit margin (%) 33.6 35.3 34.5

million or 23.74% up from 2017. In 2018, account payable turnover was 18.03 times, decreased from 2017 at 20.43 times. The consolidated average payment period in 2018 was 20 days, slightly increased from 18

and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2019, Thailand’s chicken meat export was about 954,010 tons, 6.93% up from 2018 and

Inventory Turnover 6 (times) 66.93 70.56 70.75 Average Inventory Turnover Period 7 (days) 5 5 5 Account payable Turnover 8 (times) 23.35 22.54 20.43 Average Payment Period 9 (days) 15 16 18 Cash Cycle 10

628,680 7% 590,385 7% 939,431 13% 1,222,789 26% Trade accounts payable 108,345 1% 133,706 2% 99,264 1% 109,366 2% Current portion of digital television licences payable 473,800 6% 556,204 7% 584,069 8

liabilities 181,074 26,703 154,371 578.1 Accounts payable to clearing house and broker - dealers 152,425 614,271 (461,846) (75.2) Securities and derivative business payables 8,604,981 3,868,461 4,736,520 122.4

) Provisions 1,109,764 1,066,255 43,509 4.1 Deferred tax liabilities 12,707 13,556 (849) (6.3) Accounts payable to clearing house and broker - dealers 291,361 588,026 (296,665) (50.5) Securities and derivative

. Provisions 1,152,931 844,037 308,894 36.6 Deferred tax liabilities 181,074 26,703 154,371 578.1 Accounts payable to clearing house and broker - dealers 152,425 614,271 (461,846) (75.2) Securities and