Income Statement Asefa

Stocks

ASEFA

TH6650010007

Electrical Components & Equipment

End-of-day quote Thailand S.E. Other stock markets 2026-07-31			5-day change	1st Jan Change
5.900 ^THB	+1.72%		-2.48%	+67.61%

05-13	Asefa posts qtrly profit attributable 116.2 million baht	RE
05-13	Asefa says establishment of a new unit	RE

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Published financial data: ASEFA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.6B	3.09B	3.43B	3.15B	3.31B
Total Revenues	2.6B	3.09B	3.43B	3.15B	3.31B
Cost of Goods Sold, Total	2.12B	2.56B	2.8B	2.49B	2.48B
Gross Profit	480M	532M	637M	662M	822M
Selling General & Admin Expenses, Total	344M	426M	454M	613M	582M
Other Operating Expenses	-33.09M	-27.85M	-33.22M	-49.09M	-60.63M
Other Operating Expenses, Total	311M	398M	420M	564M	522M
Operating Income	170M	133M	217M	98.03M	300M
Interest Expense, Total	-831K	-3.17M	-14.3M	-21.02M	-25.55M
Net Interest Expenses	-831K	-3.17M	-14.3M	-21.02M	-25.55M
Income (Loss) On Equity Invest.	-	-757K	4.76M	11.54M	-1.2M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	169M	129M	207M	88.55M	274M
Gain (Loss) On Sale Of Investments	-	-	-	-	12.17M
EBT, Incl. Unusual Items	169M	129M	207M	88.55M	286M
Income Tax Expense	31.96M	24.36M	38.95M	14.3M	60.15M
Earnings From Continuing Operations	137M	105M	168M	74.25M	226M
Net Income to Company	137M	105M	168M	74.25M	226M
Minority Interest	1.53M	-1.68M	232K	-3.85M	-6.33M
Net Income - (IS)	138M	103M	168M	70.4M	219M
Net Income to Common Incl Extra Items	138M	103M	168M	70.4M	219M
Net Income to Common Excl. Extra Items	138M	103M	168M	70.4M	219M
Per Share Items
Net EPS - Basic	0.25	0.19	0.31	0.13	0.42
Basic EPS - Continuing Operations	0.25	0.19	0.31	0.13	0.42
Basic Weighted Average Shares Outstanding	546M	546M	537M	530M	523M
Net EPS - Diluted	0.25	0.19	0.31	0.13	0.42
Diluted EPS - Continuing Operations	0.25	0.19	0.31	0.13	0.42
Diluted Weighted Average Shares Outstanding	546M	546M	537M	530M	523M
Normalized Basic EPS	0.2	0.15	0.24	0.1	0.31
Normalized Diluted EPS	0.2	0.15	0.24	0.1	0.31
Dividend Per Share	0.22	0.18	0.19	0.14	0.35
Payout Ratio	110.44	116.17	57.89	143.03	33.66
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	210M	169M	254M	135M	367M
EBITA	170M	133M	217M	98.05M	304M
EBIT	170M	133M	217M	98.03M	300M
Effective Tax Rate - (Ratio)	18.94	18.83	18.8	16.15	21.06
Normalized Net Income	107M	79.17M	130M	51.49M	165M
Interest on Long-Term Debt	-	-	270K	235K	305K
Non-Cash Pension Expense	1.7M	1.67M	2.62M	3.05M	3.14M
Supplemental Operating Expense Items
Advertising Expense	54.19M	59.06M	52.14M	44.71M	65M
Selling and Marketing Expenses	203M	229M	255M	247M	305M
General and Administrative Expenses	141M	198M	199M	366M	277M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	73.93M	160M	247M	272M	485M
Total Cash And Short Term Investments	73.93M	160M	247M	272M	485M
Accounts Receivable, Total	844M	1.12B	1.21B	649M	837M
Other Receivables	7.9M	23.77M	9.5M	11.64M	19.11M
Notes Receivable	-	52.45M	62.76M	111M	76.58M
Total Receivables	852M	1.19B	1.29B	771M	933M
Inventory	584M	703M	730M	649M	860M
Prepaid Expenses	2.73M	2.99M	2.71M	4.05M	7.02M
Other Current Assets, Total	72.62M	34.57M	40.48M	40.32M	77.58M
Total Current Assets	1.59B	2.09B	2.31B	1.74B	2.36B
Gross Property Plant And Equipment	1.04B	637M	1.15B	1.87B	2.59B
Accumulated Depreciation	-434M	-38M	-480M	-504M	-870M
Net Property Plant And Equipment	605M	599M	671M	1.37B	1.72B
Long-term Investments	-	6.87M	57.24M	105M	6.76M
Goodwill	-	-	-	-	66.21M
Other Intangibles, Total	8.7M	10.92M	13.3M	10.1M	38.83M
Accounts Receivable Long-Term	13.93M	22.86M	4.14M	14.63M	4.62M
Loans Receivable Long-Term	115M	25.52M	6.01M	10.17M	9.1M
Deferred Tax Assets Long-Term	42.77M	58.79M	69.04M	27.29M	8.47M
Other Long-Term Assets, Total	102M	101M	204M	173M	229M
Total Assets	2.47B	2.92B	3.33B	3.44B	4.44B
Liabilities
Accounts Payable, Total	438M	593M	463M	374M	736M
Accrued Expenses, Total	93.47M	87.97M	173M	126M	121M
Short-term Borrowings	150M	429M	849M	677M	708M
Current Portion of Long-Term Debt	-	-	-	18.54M	98.73M
Current Portion of Leases	2.6M	1.99M	2.69M	2.07M	8.18M
Current Income Taxes Payable	13.83M	15.4M	14.54M	22.64M	528K
Unearned Revenue Current, Total	59.85M	79.23M	96.93M	96.72M	361M
Other Current Liabilities	39.91M	52.22M	59.15M	60.69M	62.68M
Total Current Liabilities	798M	1.26B	1.66B	1.38B	2.1B
Long-Term Debt	-	-	-	51.9M	129M
Long-Term Leases	5.53M	3.54M	3.51M	1.39M	18.44M
Pension & Other Post Retirement Benefits	54.31M	69.97M	89.3M	109M	159M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.69M	4.31M	1.1M	25.36M	23.33M
Total Liabilities	860M	1.34B	1.75B	1.57B	2.43B
Common Stock, Total	550M	550M	546M	546M	546M
Additional Paid In Capital	387M	387M	387M	387M	387M
Retained Earnings	712M	685M	734M	695M	816M
Treasury Stock	-13.5M	-13.5M	-59.86M	-59.86M	-103M
Comprehensive Income and Other	1.98M	1.98M	1.7M	338M	338M
Total Common Equity	1.64B	1.61B	1.61B	1.91B	1.98B
Minority Interest	-24.54M	-26.84M	-30.06M	-27.39M	32.95M
Total Equity	1.61B	1.58B	1.58B	1.88B	2.02B
Total Liabilities And Equity	2.47B	2.92B	3.33B	3.44B	4.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	546M	546M	530M	530M	517M
ECS Total Common Shares Outstanding	546M	546M	530M	530M	517M
Book Value / Share	3	2.95	3.04	3.6	3.84
Tangible Book Value	1.63B	1.6B	1.6B	1.9B	1.88B
Tangible Book Value Per Share	2.98	2.93	3.01	3.58	3.63
Total Debt	158M	435M	855M	751M	963M
Net Debt	84.2M	274M	608M	479M	478M
Debt Equivalent of Unfunded Proj. Benefit Obligation	54.31M	69.97M	89.3M	109M	159M
Minority Interest, Total (Incl. Fin. Div)	-24.54M	-26.84M	-30.06M	-27.39M	32.95M
Equity Method Investments, Total	-	6.87M	57.24M	105M	6.76M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	470M	536M	535M	517M	620M
Inventories - Work In Process, Total	111M	170M	177M	147M	263M
Inventories - Finished Goods, Total	50.94M	44.09M	64.3M	42.14M	63.78M
Inventories - Others	47.41M	61.55M	67.64M	72.26M	72.06M
Land - (BS)	298M	300M	304M	-	-
Buildings, Total	355M	360M	362M	-	-
Machinery, Total	376M	383M	407M	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	46.91M	87.46M	130M	308M	127M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	138M	103M	168M	70.4M	219M
Depreciation & Amortization - CF	42.23M	38.07M	39.57M	39.92M	69.25M
Amortization of Goodwill and Intangible Assets - (CF)	179K	133K	20K	20K	3.76M
Depreciation & Amortization, Total	42.41M	38.2M	39.59M	39.94M	73M
Amortization of Deferred Charges, Total - (CF)	2.7M	2.95M	3.83M	4.02M	4.44M
(Gain) Loss From Sale Of Asset	-497K	-72.64K	-2.18M	1.46M	-516K
(Gain) Loss on Sale of Investments - (CF)	-	2.55M	-1.74M	1.02M	-10.12M
Provision for Credit Losses	-	-	-	-	45.02M
(Income) Loss On Equity Investments - (CF)	-	757K	-4.76M	-11.54M	1.2M
Provision and Write-off of Bad Debts	5.34M	46.46M	13.79M	178M	-25.52M
Other Operating Activities, Total	4.49M	16.72M	8.72M	-24.26M	27.42M
Change In Accounts Receivable	-16.92M	-334M	-105M	381M	-94.33M
Change In Inventories	16.82M	-132M	-33.48M	66.01M	-233M
Change In Accounts Payable	-2.94M	162M	-36.92M	-119M	309M
Change in Unearned Revenues	-23.03M	19.38M	17.69M	-206K	263M
Change in Other Net Operating Assets	301K	20.06M	10.39M	-6.16M	16.99M
Cash from Operations	167M	-52.53M	78.28M	581M	595M
Capital Expenditure	-18.32M	-36.22M	-181M	-263M	-192M
Sale of Property, Plant, and Equipment	961K	983K	3.07M	4M	1.23M
Cash Acquisitions	-	-	-270K	-	-46.06M
Sale (Purchase) of Real Estate properties	-	-	-	-	-460K
Sale (Purchase) of Intangible assets	-3.84M	-5.29M	-6.23M	-831K	-7.98M
Investment in Marketable and Equity Securities, Total	-	-10.18M	-46.72M	-45.9M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-112M	37.03M	9.2M	-51.9M	-9.52M
Other Investing Activities, Total	-27.01K	-15.51K	-26.32M	8.03M	-28.87M
Cash from Investing	-133M	-13.69M	-248M	-350M	-284M
Short Term Debt Issued, Total	1B	279M	420M	-	-
Long-Term Debt Issued, Total	-	-	-	85.89M	170M
Total Debt Issued	1B	279M	420M	85.89M	170M
Short Term Debt Repaid, Total	-960M	-	-	-172M	-66.42M
Long-Term Debt Repaid, Total	-2.23M	-2.6M	-2.66M	-18.13M	-80.44M
Total Debt Repaid	-962M	-2.6M	-2.66M	-191M	-147M
Repurchase of Common Stock	-	-	-59.86M	-	-43.23M
Common Dividends Paid	-153M	-120M	-97.49M	-101M	-73.78M
Common & Preferred Stock Dividends Paid	-153M	-120M	-97.49M	-101M	-73.78M
Other Financing Activities, Total	-2.5M	-3.98M	-3M	-1.19M	-3.69M
Cash from Financing	-118M	153M	257M	-206M	-98.01M
Net Change in Cash	-83.59M	86.37M	86.99M	24.83M	213M
Supplemental Items
Cash Interest Paid	833K	2.78M	13.96M	21.63M	25.56M
Cash Income Tax Paid (Refund)	38.23M	36.45M	46.79M	46.96M	55.38M
Levered Free Cash Flow	126M	-160M	-163M	319M	237M
Unlevered Free Cash Flow	126M	-158M	-154M	332M	253M
Change In Net Working Capital	2.63M	241M	146M	-491M	-188M
Net Debt Issued / Repaid	37.77M	277M	417M	-105M	22.69M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.29	3.09	4.33	1.81	4.76
Return on Total Capital	6.02	4.4	6.08	2.42	6.69
Return On Equity %	8.41	6.57	10.64	4.3	11.58
Return on Common Equity	8.39	6.36	10.46	4.01	11.27
Margin Analysis
Gross Profit Margin %	18.48	17.21	18.55	21.01	24.86
SG&A Margin	13.23	13.79	13.21	19.45	17.61
EBITDA Margin %	8.07	5.46	7.39	4.3	11.1
EBITA Margin %	6.53	4.32	6.31	3.11	9.2
EBIT Margin %	6.53	4.31	6.31	3.11	9.08
Income From Continuing Operations Margin %	5.26	3.4	4.9	2.36	6.82
Net Income Margin %	5.32	3.34	4.9	2.24	6.63
Net Avail. For Common Margin %	5.32	3.34	4.9	2.24	6.63
Normalized Net Income Margin	4.12	2.56	3.78	1.64	4.98
Levered Free Cash Flow Margin	4.84	-5.18	-4.75	10.11	7.17
Unlevered Free Cash Flow Margin	4.86	-5.12	-4.49	10.53	7.65
Asset Turnover
Asset Turnover	1.05	1.15	1.1	0.93	0.84
Fixed Assets Turnover	4.24	5.13	5.41	3.09	2.14
Receivables Turnover (Average Receivables)	3.08	3.15	2.94	3.38	4.45
Inventory Turnover (Average Inventory)	3.54	3.98	3.9	3.61	3.29
Short Term Liquidity
Current Ratio	1.99	1.66	1.39	1.26	1.13
Quick Ratio	1.16	1.03	0.89	0.68	0.64
Operating Cash Flow to Current Liabilities	0.21	-0.04	0.05	0.42	0.28
Days Sales Outstanding (Average Receivables)	118.53	115.84	123.98	108.27	82.01
Days Outstanding Inventory (Average Inventory)	103.12	91.79	93.5	101.29	110.82
Average Days Payable Outstanding	79.03	70.29	68.29	63.01	75.17
Cash Conversion Cycle (Average Days)	142.62	137.34	149.18	146.55	117.66
Long Term Solvency
Total Debt/Equity	9.81	27.45	54.19	39.97	47.77
Total Debt / Total Capital	8.93	21.54	35.15	28.55	32.33
LT Debt/Equity	0.34	0.22	0.22	2.84	7.33
Long-Term Debt / Total Capital	0.31	0.18	0.14	2.03	4.96
Total Liabilities / Total Assets	34.78	45.77	52.61	45.46	54.62
EBIT / Interest Expense	204.13	42	15.15	4.66	11.75
EBITDA / Interest Expense	255.17	54.04	17.92	6.56	14.61
(EBITDA - Capex) / Interest Expense	233.12	42.63	5.26	-5.97	7.08
Total Debt / EBITDA	0.75	2.53	3.34	5.44	2.58
Net Debt / EBITDA	0.4	1.6	2.37	3.47	1.28
Total Debt / (EBITDA - Capex)	0.82	3.21	11.38	-5.98	5.33
Net Debt / (EBITDA - Capex)	0.43	2.03	8.09	-3.81	2.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.34	18.92	11.09	-8.27	4.99
Gross Profit, 1 Yr. Growth %	-16.48	10.7	19.79	3.85	24.25
EBITDA, 1 Yr. Growth %	-31.29	-21.36	45.37	-47.97	163.48
EBITA, 1 Yr. Growth %	-33.81	-21.33	62.55	-54.74	197.87
EBIT, 1 Yr. Growth %	-33.88	-21.4	62.54	-54.75	206.31
Earnings From Cont. Operations, 1 Yr. Growth %	-37.15	-23.24	60.15	-55.85	203.76
Net Income, 1 Yr. Growth %	-36.69	-25.31	62.97	-58.2	211.41
Normalized Net Income, 1 Yr. Growth %	-33.54	-26.01	63.79	-60.29	219.72
Diluted EPS Before Extra, 1 Yr. Growth %	-36.32	-25.31	65.61	-57.65	215.58
Accounts Receivable, 1 Yr. Growth %	-0	32.44	8.65	-46.59	29.05
Inventory, 1 Yr. Growth %	-4.78	20.41	3.77	-10.84	32.42
Net Property, Plant and Equip., 1 Yr. Growth %	-2.47	-0.88	11.96	103.72	25.62
Total Assets, 1 Yr. Growth %	-0.14	18.16	14.07	3.39	28.99
Tangible Book Value, 1 Yr. Growth %	-1.6	-1.74	-0.27	18.83	-0.95
Common Equity, 1 Yr. Growth %	-1.54	-1.6	-0.12	18.48	4.04
Cash From Operations, 1 Yr. Growth %	57.28	-131.45	-249.02	604.23	2.39
Capital Expenditures, 1 Yr. Growth %	28.3	97.74	399.95	42.55	-26.95
Levered Free Cash Flow, 1 Yr. Growth %	222.54	-227.36	1.89	-268.32	-25.61
Unlevered Free Cash Flow, 1 Yr. Growth %	222.8	-225.27	-2.48	-283.95	-23.74
Dividend Per Share, 1 Yr. Growth %	-21.43	-18.18	5.56	-26.32	150
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.94	7.21	14.94	0.94	-1.87
Gross Profit, 2 Yr. CAGR %	-4.98	-3.85	15.15	11.54	13.6
EBITDA, 2 Yr. CAGR %	-0.45	-25.62	8.68	-11.92	18.81
EBITA, 2 Yr. CAGR %	2.7	-27.88	13.03	-14.23	18.46
EBIT, 2 Yr. CAGR %	2.65	-27.91	13.03	-14.24	17.73
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.69	-30.54	10.87	-15.91	15.81
Net Income, 2 Yr. CAGR %	-1.85	-31.23	10.33	-17.46	14.09
Normalized Net Income, 2 Yr. CAGR %	-2	-29.88	10.08	-19.35	12.67
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.46	-31.03	11.22	-16.25	15.61
Accounts Receivable, 2 Yr. CAGR %	15.78	15.08	19.96	-23.82	-16.98
Inventory, 2 Yr. CAGR %	5	7.08	11.78	-3.92	8.66
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.1	-1.67	5.35	51.03	59.97
Total Assets, 2 Yr. CAGR %	7.44	8.62	16.09	8.6	15.48
Tangible Book Value, 2 Yr. CAGR %	1.93	-1.67	-1.01	8.87	8.49
Common Equity, 2 Yr. CAGR %	2	-1.57	-0.86	8.78	11.03
Cash From Operations, 2 Yr. CAGR %	-41.64	-29.66	-31.54	232.68	168.53
Capital Expenditures, 2 Yr. CAGR %	-39.67	59.28	214.42	169.72	2.04
Levered Free Cash Flow, 2 Yr. CAGR %	-44.17	102.68	13.91	41	11.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-44.12	101.09	10.52	44.78	18.44
Dividend Per Share, 2 Yr. CAGR %	4.88	-19.82	-7.07	-11.81	35.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.89	6.6	8.49	6.61	2.28
Gross Profit, 3 Yr. CAGR %	-12.43	-0.02	3.46	11.26	15.62
EBITDA, 3 Yr. CAGR %	-18.66	-7.25	-5.98	-14.26	28.15
EBITA, 3 Yr. CAGR %	-20.41	-6.06	-5.47	-16.69	31.64
EBIT, 3 Yr. CAGR %	-20.44	-6.09	-5.47	-16.7	31.09
Earnings From Cont. Operations, 3 Yr. CAGR %	-21.31	-8.86	-8.24	-18.43	29.02
Net Income, 3 Yr. CAGR %	-21.42	-10.39	-8.32	-20.16	28.49
Normalized Net Income, 3 Yr. CAGR %	-21.65	-10.77	-6.96	-21.64	27.64
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.21	-10.15	-7.64	-19.38	30.33
Accounts Receivable, 3 Yr. CAGR %	-2.65	21.09	12.9	-8.4	-9.19
Inventory, 3 Yr. CAGR %	-5.46	9.91	5.96	3.59	6.93
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.64	-3.04	2.68	31.25	42.03
Total Assets, 3 Yr. CAGR %	-1	10.9	10.41	11.69	15.01
Tangible Book Value, 3 Yr. CAGR %	0.45	0.69	-1.21	5.21	5.49
Common Equity, 3 Yr. CAGR %	0.46	0.78	-1.09	5.21	7.18
Cash From Operations, 3 Yr. CAGR %	45.63	-52.51	-9.66	51.56	124.62
Capital Expenditures, 3 Yr. CAGR %	-19.79	-10.38	133.21	143.21	74.51
Levered Free Cash Flow, 3 Yr. CAGR %	-8.07	-26.5	61.16	36.3	13.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	-7.59	-26.87	57.98	37.96	16.93
Dividend Per Share, 3 Yr. CAGR %	-12.64	-3.45	-12.12	-13.99	24.81
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.48	1.93	2.59	4.3	4.22
Gross Profit, 5 Yr. CAGR %	-7.35	-4.11	-2.29	4.45	7.4
EBITDA, 5 Yr. CAGR %	-11.56	-14.16	-8.23	-8.55	3.77
EBITA, 5 Yr. CAGR %	-13.1	-15.54	-8.44	-9.44	3.46
EBIT, 5 Yr. CAGR %	-13.12	-15.56	-8.44	-9.44	3.2
Earnings From Cont. Operations, 5 Yr. CAGR %	-13.15	-16.34	-9.74	-11.75	0.71
Net Income, 5 Yr. CAGR %	-13.65	-16.42	-9.99	-13.29	0.07
Normalized Net Income, 5 Yr. CAGR %	-14.1	-16.4	-10.23	-14.31	0.44
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.52	-16.29	-9.56	-12.64	1.04
Accounts Receivable, 5 Yr. CAGR %	6.92	11.47	5.83	0.6	-0.16
Inventory, 5 Yr. CAGR %	-0.53	0.66	1.09	4.15	6.99
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.97	-2.43	0.48	15.77	22.6
Total Assets, 5 Yr. CAGR %	1.9	4.51	5.51	9.97	12.41
Tangible Book Value, 5 Yr. CAGR %	2.7	1.3	-0.13	3.89	2.57
Common Equity, 5 Yr. CAGR %	2.71	1.33	-0.07	3.91	3.59
Cash From Operations, 5 Yr. CAGR %	-11.43	-36.39	7.68	3.46	41.17
Capital Expenditures, 5 Yr. CAGR %	-31.2	-3.76	38.53	39.25	68.25
Levered Free Cash Flow, 5 Yr. CAGR %	3.25	-16.95	0.17	-4.62	43.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.24	-17.29	-0.73	-3.89	45.24
Dividend Per Share, 5 Yr. CAGR %	-7.22	-10.87	-10.45	-6.88	4.56