Reform Priorities in Asia: Taking Corporate Governance to a Higher Level Taking Corporate Governance to a Higher Level reform priorities in Asia 2011 REFORM PRIORITIES IN ASIA: TAKING CORPORATE
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balance of short-term loan was Baht 575 million versus 556 million as of Q1/2018 or equivalent to 3.28% decreased resulting from the lower level in both average trade accounts receivable and inventory. The
equivalent to 7.11% decreased resulting from the lower level in both average trade accounts receivable and inventory. The trade accounts payable as of Q2/2018 was Baht 271 million, an increase of Baht 92
% decreased resulting from the lower level in inventory. The trade accounts payable as of Q1/2019 was Baht 233 million, an increase of Baht 60 million from Baht 173 million of ending 2018 or 34.63% increased
, due to an increase in mobile phone inventory in preparation for the growing handset sale. Inventory turnover day stood at 51 days, same level as last year. Net trade receivable amounted to Bt16,277mn
for doubtful accounts in amount of THB 35.36 million, slightly increased from THB 34.41 million in 2017. The allowance for doubtful accounts was at acceptable level of 3.68% of total trade receivables
allowance for doubtful accounts was at acceptable level of 3.95% of total trade receivables. The average collection period of the Company and its subsidiaries was 19 days in 2019, decreased from 21 days in
acceptable level of 3.49% of total trade receivables. The average collection period of the Company and its subsidiaries was 20 days in 2017, slightly decreased from 21 days in 2016. The account receivable
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could