Financial INFO

(Unit: M. Baht)

1Q 2020/21 Revenue Structure

(Unit: M. Baht)

Total operating revenue

-16% QoQ
-26% YoY

Net profit (excl. non-controlling interests)

-39% QoQ
-571% YoY

EBITDA

10% QoQ
-153% YoY

(Unit: M. Baht)
Consolidated (THB mn) 1Q 2019/20
(Restated)
2Q 2019/20 3Q 2019/20 4Q 2019/20 1Q 2020/21
Total operating revenue 690 748 806 612 512
Cost of sales 429 482 525 465 453
Gross profit 261 265 281 147 58
EBITDA 112 116 113 -65 -59
EBIT 65 40 37 -248 -236
Net profit (excl. non-controlling interests) 38 42 39 -129 -179
Total assets 4,762 4,801 4,879 9,187 8,776
Total liabilities 1,710 1,926 1,855 4,883 4,817
Total shareholders' equity 3,052 2,875 3,024 4,304 3,959
Key Financial Ratios 1Q 2019
(Restated)
2Q 2019 3Q 2019 4Q 2019 1Q 2020
Profitability Ratios 
Gross profit margin (%) 37.9% 35.5% 34.9% 24.0% 11.4%
EBITDA margin (%) 16.2% 15.5% 15.5% -10.7% -11.5%
EBIT margin (%) 9.4% 5.4% 4.6% -40.5% -46.1%
Net profit margin (%) 5.5% 5.6% 4.8% -21.0% -35.0%
ROE1 (%) 10.5% 7.3% 6.1% -0.2% -6.7%
Liquidity Ratios
Current ratio (times) 1.5X 1.1X 1.3x 0.8x 0.8x
Efficiency Ratios
ROA2 (%) 9.1% 6.5% 5.1% -1.5% -6.1%
Asset turnover (times) 0.8X 0.7X 0.7x 0.4x 0.4x
Leverage Ratios
Liability to equity (times) 0.6X 0.7X 0.6X 1.1X 1.2x
Debt to equity (times) 0.1X 0.2X 0.2X 0.3X 0.3x

1 Net Profit (Annualised) / Average Total Shareholders’ equity (average of outstanding at end of the same period in the previous year and at end of this quarter)
2 Net Profit (Annualised) / Average Total Assets (average of outstanding at end of the same period in the previous year and at end of this quarter)

Remark: In April 2020, MACO has changed its fiscal year to start from April to March (Previous: January to December), following to the approval of shareholders’ meeting held on 24 April 2019. Hence, the Company has changed the fiscal year of financial highlight in each quarter to 2019/20 and 2020/21.