., Ltd.’s logistic cost in accordance with increased sales volume, (4) lease payment for oil depot and land for service station expansion, and (5) office expenses. 5. Gains from crude and product oil price
Analysis | 2 Executive Summary In 2018, palm oil production and crude palm oil (CPO) inventory have remained high in both domestic and international market, which resulted in the decreasing price of crude
gross refinery margin was 6.37 $/BBL, a decrease of 1.59 $/BBL from Q1/2017, due to Market GRM in Q1/2018 decreasing by 0.36 $/BBL, as DTD Brent/DB spread widened, essentially increasing the crude cost
product cost within Q1/2020 lowering significantly in accordance to the crude oil price in the global market. This allowed the company to determine retail price that optimally coincides with product cost
previous year; B100 product sales volume rose, as the mandated mixture of B100 product in Diesel fuel was at 7% throughout the quarter, as well as gross profit was better as the crude palm oil cost used in
, combined with crude oil price declining during the quarter leading to retail price at service stations remain optimal relative to the finished product cost. Power Plant Business, increased in total
of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly
oil in the Company was unable to catch up with the price of crude palm oil in the market Therefore, the company has a selling price of biodiesel oil that is lower than the cost of sales. Along with
material’s cost higher than the selling price. Eventhough, the Company has tried to manage the inventory turnover and the period of sale as the following; The price of crude palm oil for Bangkok Jan Feb Mar
100.62%. The Company’s ratio of cost of sales to total revenue in the 3rd quarter of 2018 has increased in the 3rd quarter of 2017 by 1.45%. Due to the price of crude palm oil was continuously decreased