delay. Inventory increased by THB 973 million, mainly due to petroleum products inventories, of which its average cost rose with respect to the rising oil price in the global market, especially the
million. 3.) Oil trading business had a less transaction volume by THB 945 million. Inventory increased by THB 1,755 million, mainly from the higher oil product reserves to prepare for the turnaround
buying VAT amount was higher than selling VAT amount by THB 378 million. Inventory increased by THB 5,937 million, mainly from the higher crude oil and oil product reserves volume, as well as their
cost following the widened average DTD/DB spread. Further, crude oil price significantly drop during the year end, led to the refinery business to record Inventory Loss of THB 1,489 million Management
spread between finished product and crude oil in every product category, and from the higher average crude oil price; resulting in an Inventory Gain of THB 834 million, exceeding 2016’s. Moreover, there
Baht appreciating against the US Dollar affecting the value of the company’s inventory, resulted in this quarter’s Inventory Loss of THB 1,163 million, negatively affecting the refinery’s business
a result, the refinery business recorded an Inventory Loss of THB 1,253 million (including a reversion of lower of cost or market (LCM) THB 689 million) in 2019, which adversely affected the
low net debt to EBITDA of 0.8x and decent interest coverage ratio of 16x. Asset turnover: Inventory was well-managed with inventory days declined from 44 days to 22 days due to lower handset stock
times and manageable level of inventory. Regarding commercial business, to partially help our tenants in both office and retail space to sustain and grow business in the future, a short-term rental
inventory on lower- margins from sales. Total expenses were Baht 450.0 million, decreased by 5.9% compared to same quarter last year due to measures taken up to control expenses. As a result, the Company