had a number of duration of carrying goods that was 103 days, decreasing from last year. For the six-month period of 2017, Inventory Turnover higher than last year that was from 1.65 times to 1.74 times

. Inventory Turnover in the third quarter of 2017 higher than the third quarter of 2016 was from 0.86 times to 0.91 times and had a number of duration of carrying goods that was 98 days, decreasing from last

some problems incurred in collection of receivables, the individual allowance for doubtful accounts is provided with monthly payments which are made on a monthly basis. Inventory Turnover in this

remains high, and gross refinery margin improved from the increase of crack spread for all products, along with a record of inventory gain from rising average crude oil price during the quarter. Marketing

million (-14% QoQ, -5% YoY). EBITDA was recorded THB -2,546 million (-205% QoQ, -230% YoY), whereas Operating EBITDA was THB 1,173 million. With Inventory Loss recorded at THB 3,434 million [including

from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging

to an inventory gain of THB 856 million. However, there was a loss from crude and product oil price hedging contract at THB 75 million. Furthermore, the refinery planned to manage the stocks of

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

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

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