to internal control and compliance. Furthermore, collaboration has been established with external agencies as well as international organizations ranging from collection of evidence to criminal
during the past 5 months since the Phuket boat incident partly due to the exemption of visa on arrival fee which started from November 15, 2018 resulting in the number of Chinese tourist arrivals to total
of tourist arrivals exhibited a slow growth, increasing 2.8% from the same period last year resulting from 1) low base effect of last year from the Phuket boat incident 2) exemption of visa on arrival
tourist arrivals exhibited a slow growth, increasing 3.5% from the same period last year resulting from 1) low base effect of last year from the Phuket boat incident 2) exemption of visa on arrival fee and
better year on year trend towards the end of the quarter. In addition, the government policy on extending the Visa On Arrival period to the end of April 2020 should help support domestic tourism industry
to increased cash and cash equivalents prepared for investment in subsidiary and joint ventures. Trade receivables were also higher due to higher sales contribution of domestic whose collection period
Liquidity Ratios Current ratio (times) 2.0 0.6 2.0 0.6 Number of days of inventory (days) 29 38 31 37 Collection period (days) 44 44 45 44 Accounts payable (days) 43 45 44 42 Profitability Ratios Gross profit
THB 847mn, an increase of 19.3% or THB 137mn from THB 710mn as of 31 December 2018. The Company gives 90 days credit terms to customers. The average collection period as at the end of this year was 96
. Financial Ratio Analysis Q4'19 Q4'18 2019 2018 Liquidity Ratios Current ratio (times) 1.8 2.7 1.8 2.7 Number of days of inventory 30 35 33 36 Collection period (days) 46 42 47 45 Accounts payable (days) 45 43