the year ended December 31, 2019 and 2018 were 31.8% and 16.2%, respectively, mainly due to the improved overall performance as mentioned above. 4. Return on assets Return on assets as of December 31
opened in 2019. • Selling expense to total revenue in 2019 was 27.3% which improved by 3.5% from 2018. The decrease was mainly from significant increase in sales from dessert café in every quarters, while
Finance Costs The Company and its subsidiaries recorded finance costs of Baht 5 million, down 22% YoY, as a result of better interest rate as well as improved management of revolving loan. 6M/2017 Finance
ratio, however, decreased from 41.1% to 39.6% primarily as a result of improved operational efficiency and cost management especially in Outdoor media business. Consequently, the gross profit was up 26.7
order to meet long-term future demand. For 9M/2017 the liquidity analysis; current ratio, quick ratio, and cash flow ratio improved. Debt to equity ratio improved to 0.93 times due to the repayment of
increases by 5% every 5 years since May 2015), full quarter consolidation of COMASS by MACO. Cost-to-sales ratio, however, decreased from 42.8% to 39.4% primarily as a result of higher sales, improved
, quick ratio, and cash flow ratio improved. Debt to equity ratio improved to 0.88 times due to the repayment of long term debt. Debt service coverage ratio (DSCR) remained strong at 2.26 times
improved profitability from 36.1% to 51.1%. The significant improvement of such GPM was as a result of the increase in land sale price. The gross profit margin from the asset monetization to WHART increase
, Rajthanee- Rojana Hospital’ s operation has improved substantially from the previous year. Going forward, business outlook is promising with the capacity expansion plan and significant growth of registered