.,LTD. - BANG KAPI, HUAI KHWANG, Bangkok 10310 Tel.0-2022-1499 Fax.0-2251-5078 36 SCB-JULIUS BAER SECURITIES CO.,LTD. 801, SUKHUMVIT ROAD, KHLONG TAN NUEA, WATTHANA, Bangkok 10110 Tel.0-2098-9999 Fax.0

LIMITED SUPER: SUPER ENERGY CORPORATION PUBLIC COMPANY LIMITED SWC: SHERWOOD CORPORATION (THAILAND) PUBLIC COMPANY LIMITED TAN: Tanachira Retail Corporation Public Company Limited TBN: TBN Corporation

SUPER: SUPER ENERGY CORPORATION PUBLIC COMPANY LIMITED SWC: SHERWOOD CORPORATION (THAILAND) PUBLIC COMPANY LIMITED TAN: Tanachira Retail Corporation Public Company Limited TBN: TBN Corporation Public

, 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

the annual dividend payment. Analysis of Liquidity. Transaction For the Year ended 31st December (Unit: Time) 2019 2018 Current Ratio 6.27 5.86 Quick Ratio 3.64 2.81 Inventory Turnover 3.22 2.91

Baht. 9. Key Financial Ratios Key Financial Ratios As of 30 Jun 2016 As of 30 Jun 2017 Liquidity Ratio Current ratio (time) 0.35 0.30 Quick ratio (time) 0.34 0.29 Cash flow ratio (time) 0.82 0.65

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

5.90 5.83 Quick Ratio 3.08 3.17 Inventory Turnover 3.37 3.26 • Current ratio was 5.90 times, increased from the year 2016 which was equivalent to 5.83 times because current assets and current liabilities

, 2019 Liquidity and capital adequacy As at 30 September 2019 and 31 December 2018, the current ratio of the Company and its subsidiaries are 2.72 times and 4.58 times, respectively, and the quick ratio

December 2018, the current ratio of the Company and its subsidiaries are 1.47 times and 4.58 times, respectively, and the quick ratio are 1.41times and 4.30 times, respectively. The main reason of the