employee expenses. Expenses from research & development, and innovation In compliance to NSTDA’s guideline, the Company reported research and development, and innovation expenses at Baht 1.19 million
controls. For the administrative expense increased by 1.98 million baht or 5.57% due to increased investment in research and development from the previous year and vehicles repairing as their useful life
million baht 1,247 1,247 1,247 Key financial ratios Liquidity ratios Current ratio times 3.07 3.11 3.14 Quick ratio times 2.22 2.38 2.43 Cash ratio times 0.36 0.38 0.45 Receivable turnover times 4.82 4.70
capital-Paid million baht 1,247 1,247 1,247 Key financial ratios Liquidity ratios Current ratio times 2.99 3.07 3.09 Quick ratio times 2.04 2.22 2.35 Cash ratio times 0.45 0.37 0.38 Receivable turnover
Page 4/ 6 Management’s Discussion and Analysis Ocean Glass Public Company Limited Management’s Discussion and Analysis Performance for the Period Ended December 31, 2017 Expenses from research
, Thailand Tel. 66 2323 1085..96 Fax. 66 2323 9283 4.3 Liquidity adequacy Description units As of 31 December 2018 2017 Current Ratio times 5.54 7.63 Quick ratio times 3.38 4.47 Inventory turn over times 4.20
adequacy Description units As of 31 December 2017 2016 Current Ratio times 7.63 4.27 Quick ratio times 4.47 2.82 Inventory turn over times 4.71 4.76 Average debt collection days 79 80 Current ratio was
. However, the company's research and development team has continued to develop the products made of natural rubber to have an equal of level of the product quality with the competitors. The market share of
administrative expenses increased by Baht 5.77 million or 7.64 per cent from the previous year, due to the annual compensation of employees and executives, Research expenses for investment in CLMV countries
million baht 1,247 1,247 1,247 ratios Key financial Liquidity ratios Current ratio times 3.09 3.14 3.31 Quick ratio times 2.35 2.47 2.67 Cash ratio times 0.37 0.45 0.68 Receivable turnover times 4.71 4.67