Pattanamas, proceeded GGC to purchase raw materials and pay the distributors for the purchase in full without receiving all of the raw materials or receiving only part of it. However, GGC recorded in its
, proceeded GGC to purchase raw materials and pay the distributors for the purchase in full without receiving all of the raw materials or receiving only part of it. However, GGC recorded in its accounting
accordance with lower sales. Gross profit margin decreased from 11.24% in Q3 2020 to 9.34% in Q3 202, mainly caused by lower sales, delayed price adjustment of raw material price increases in our Portugal
/ 2021. The reason for the decrease in income because the main raw material, which is Sweet corn can be harvested late due to inclement weather making it unable to operate at full capacity and fully
and management of raw material (CPO) and biodiesel’s stocks by trying to maintain inventories turnover rate between 30 – 45 days, enough for the production and delivery in each month under quarterly and
determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked during 15-20 days in the
years, the price of crude palm oil, which is the main raw material, accounted for 90% of raw materials for the production of the Company's products, has been continuously fluctuated and decreased. It was