Income Statement Ratchaphruek Hospital

Stocks

RPH

TH7757010007

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 2026-10-01			5-day change	1st Jan Change
4.880 ^THB	+0.83%		-0.41%	-1.61%

08-09	Ratchaphruek Hospital Public Company Limited Declares Interim Cash Dividend for the Operating Period from 01 January 2026 to 30 June 2026, Payable on 07 September 2026	CI
08-07	Ratchaphruek Hospital Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: RATCHAPHRUEK HOSPITAL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	1.41B	1.33B	1.16B	1.13B	1.16B
Total Revenues	1.41B	1.33B	1.16B	1.13B	1.16B
Cost of Goods Sold, Total	747M	827M	751M	751M	772M
Gross Profit	666M	499M	410M	374M	390M
Selling General & Admin Expenses, Total	168M	150M	191M	181M	185M
Other Operating Expenses	-	-	-	-	-21.6M
Other Operating Expenses, Total	168M	150M	191M	181M	163M
Operating Income	498M	350M	219M	193M	227M
Interest Expense, Total	-6.69M	-5.55M	-2.11M	-570K	-513K
Interest And Investment Income	350K	811K	2.78M	6.58M	4.14M
Net Interest Expenses	-6.34M	-4.74M	672K	6.01M	3.63M
Other Non Operating Income (Expenses)	11.54M	13.26M	14.16M	17.85M	-
EBT, Excl. Unusual Items	503M	358M	233M	216M	231M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	503M	358M	233M	216M	231M
Income Tax Expense	100M	71.73M	48.92M	43.84M	48.66M
Earnings From Continuing Operations	403M	286M	184M	173M	182M
Net Income to Company	403M	286M	184M	173M	182M
Net Income - (IS)	403M	286M	184M	173M	182M
Net Income to Common Incl Extra Items	403M	286M	184M	173M	182M
Net Income to Common Excl. Extra Items	403M	286M	184M	173M	182M
Per Share Items
Net EPS - Basic	0.74	0.52	0.34	0.32	0.34
Basic EPS - Continuing Operations	0.74	0.52	0.34	0.32	0.34
Basic Weighted Average Shares Outstanding	546M	546M	546M	546M	533M
Net EPS - Diluted	0.74	0.52	0.34	0.32	0.34
Diluted EPS - Continuing Operations	0.74	0.52	0.34	0.32	0.34
Diluted Weighted Average Shares Outstanding	546M	546M	546M	546M	533M
Normalized Basic EPS	0.58	0.41	0.27	0.25	0.27
Normalized Diluted EPS	0.58	0.41	0.27	0.25	0.27
Dividend Per Share	0.3	0.35	0.3	0.29	0.28
Payout Ratio	20.25	85.53	76.75	94.72	81.49
Supplemental Items
EBITDA	584M	440M	303M	267M	302M
EBITA	498M	350M	219M	193M	227M
EBIT	498M	350M	219M	193M	227M
EBITDAR	587M	443M	306M	269M	303M
Effective Tax Rate - (Ratio)	19.89	20.02	20.96	20.26	21.06
Current Domestic Taxes	105M	67.85M	49.85M	44.48M	49.11M
Total Current Taxes	105M	67.85M	49.85M	44.48M	49.11M
Deferred Domestic Taxes	-5.29M	3.88M	-927K	-641K	-454K
Total Deferred Taxes	-5.29M	3.88M	-927K	-641K	-454K
Normalized Net Income	314M	224M	146M	135M	144M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	392K	341K	755K	570K	513K
Non-Cash Pension Expense	519K	767K	1.03M	1.12M	1.05M
Supplemental Operating Expense Items
Marketing Expenses	2.1M	6.16M	11.23M	5.44M	3.97M
Selling and Marketing Expenses	5.7M	9.68M	15.83M	10.23M	9.23M
General and Administrative Expenses	162M	140M	176M	171M	175M
Net Rental Expense, Total	2.63M	3.18M	2.11M	2.07M	449K
Imputed Operating Lease Interest Expense	530K	786K	474K	1.93M	476K
Imputed Operating Lease Depreciation	2.1M	2.39M	1.63M	138K	-27.67K
Maintenance & Repair Expenses, Total	10.41M	13.58M	17.53M	22.18M	23.89M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	238M	317M	325M	291M	280M
Short Term Investments	-	-	50M	150M	100M
Total Cash And Short Term Investments	238M	317M	375M	442M	380M
Accounts Receivable, Total	395M	174M	109M	82.8M	95.64M
Other Receivables	536K	1.1M	840K	1.57M	3.82M
Notes Receivable	-	-	568K	965K	975K
Total Receivables	395M	175M	110M	85.33M	100M
Inventory	29.68M	22.64M	26.9M	24.16M	26.39M
Prepaid Expenses	1.54M	5.11M	5M	5.24M	6.89M
Other Current Assets, Total	52.73M	-	-	-	-
Total Current Assets	717M	520M	518M	557M	514M
Gross Property Plant And Equipment	1.86B	1.92B	1.93B	1.96B	1.99B
Accumulated Depreciation	-394M	-485M	-558M	-630M	-669M
Net Property Plant And Equipment	1.46B	1.44B	1.37B	1.33B	1.32B
Other Intangibles, Total	5.48M	26.04M	22.62M	19.44M	16.11M
Loans Receivable Long-Term	-	1.15M	1.49M	1.35M	1M
Deferred Tax Assets Long-Term	10.74M	6.3M	7.61M	9.22M	10.54M
Other Long-Term Assets, Total	17.68M	16.04M	15.21M	15.05M	49.47M
Total Assets	2.21B	2.01B	1.93B	1.93B	1.91B
Liabilities
Accounts Payable, Total	65.89M	39.04M	42.85M	39.27M	44.47M
Accrued Expenses, Total	34.39M	43.82M	34.58M	32.36M	48.09M
Short-term Borrowings	20M	20M	-	-	-
Current Portion of Long-Term Debt	105M	106M	-	-	-
Current Portion of Leases	2.24M	2.78M	1.59M	1.18M	1.34M
Current Income Taxes Payable	91.2M	3.44M	23.43M	20.79M	21.09M
Unearned Revenue Current, Total	6.68M	9.58M	13.57M	12.88M	858K
Other Current Liabilities	93.26M	15.48M	13.71M	13.38M	25.89M
Total Current Liabilities	418M	240M	130M	120M	142M
Long-Term Debt	81.87M	11.37M	-	-	-
Long-Term Leases	5.15M	5.33M	3.74M	3.26M	1.94M
Pension & Other Post Retirement Benefits	29.06M	29.01M	34.1M	42.38M	49.03M
Other Non Current Liabilities	360K	360K	360K	380K	360K
Total Liabilities	535M	286M	168M	166M	193M
Common Stock, Total	546M	546M	546M	546M	546M
Additional Paid In Capital	679M	679M	679M	679M	679M
Retained Earnings	455M	498M	539M	544M	574M
Treasury Stock	-	-	-	-6.75M	-83.77M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	1.68B	1.72B	1.76B	1.76B	1.72B
Total Equity	1.68B	1.72B	1.76B	1.76B	1.72B
Total Liabilities And Equity	2.21B	2.01B	1.93B	1.93B	1.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	546M	546M	546M	545M	530M
ECS Total Common Shares Outstanding	546M	546M	546M	545M	530M
Book Value / Share	3.08	3.16	3.23	3.24	3.23
Tangible Book Value	1.67B	1.7B	1.74B	1.74B	1.7B
Tangible Book Value Per Share	3.07	3.11	3.19	3.2	3.2
Total Debt	214M	145M	5.33M	4.44M	3.29M
Net Debt	-23.88M	-172M	-370M	-437M	-377M
Debt Equivalent of Unfunded Proj. Benefit Obligation	29.06M	29.01M	34.1M	42.38M	49.03M
Debt Equivalent Oper. Leases	21.08M	25.41M	16.86M	16.55M	3.59M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Finished Goods, Total	30.4M	23M	27.22M	24.64M	26.82M
Land - (BS)	214M	214M	214M	214M	214M
Buildings, Total	806M	806M	807M	817M	786M
Machinery, Total	815M	879M	876M	897M	908M
Accumulated Allowance for Doubtful Accounts (Supple)	3.33M	4.58M	14.05M	8.83M	5.22M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	403M	286M	184M	173M	182M
Depreciation & Amortization - CF	88.24M	92.1M	86.76M	75.81M	76.02M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	88.24M	92.1M	86.76M	75.81M	76.02M
Amortization of Deferred Charges, Total - (CF)	1.02M	1.82M	3.75M	3.79M	3.27M
(Gain) Loss From Sale Of Asset	-	-	296K	10.48M	986K
Asset Writedown & Restructuring Costs	175K	288K	6.58M	-	-
Provision and Write-off of Bad Debts	22.87M	-4.5M	9.47M	-5.22M	-1.87M
Other Operating Activities, Total	84.68M	-74.48M	25.15M	-4.3M	1.62M
Change In Accounts Receivable	-416M	274M	52.58M	20.29M	-15.2M
Change In Inventories	-6.63M	7.4M	-4.22M	2.58M	-2.18M
Change In Accounts Payable	112M	-94.3M	-2.94M	-8.18M	6.62M
Change in Other Net Operating Assets	1.3M	-4.86M	-433K	-630K	-2.83M
Cash from Operations	291M	484M	361M	267M	249M
Capital Expenditure	-20.06M	-63.34M	-16.47M	-36.52M	-84.13M
Sale of Property, Plant, and Equipment	513K	107K	83.26K	74.74K	85.44K
Sale (Purchase) of Intangible assets	-430K	-19.05M	-2.98M	-834K	-861K
Investment in Marketable and Equity Securities, Total	-	-	-50M	-100M	50M
Other Investing Activities, Total	-	-	-	6.22M	4.44M
Cash from Investing	-19.97M	-82.29M	-69.37M	-131M	-30.46M
Short Term Debt Issued, Total	-	50M	-	-	-
Long-Term Debt Issued, Total	-	33.84M	-	-	-
Total Debt Issued	-	83.84M	-	-	-
Short Term Debt Repaid, Total	-	-50M	-20M	-	-
Long-Term Debt Repaid, Total	-105M	-106M	-121M	-1.62M	-1.15M
Total Debt Repaid	-105M	-156M	-141M	-1.62M	-1.15M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-4.38M	-79.39M
Common Dividends Paid	-81.62M	-245M	-142M	-163M	-149M
Common & Preferred Stock Dividends Paid	-81.62M	-245M	-142M	-163M	-149M
Other Financing Activities, Total	-6.3M	-5.2M	-1.38M	-570K	-513K
Cash from Financing	-193M	-322M	-283M	-170M	-230M
Net Change in Cash	78.82M	79.08M	8.61M	-33.9M	-11.32M
Supplemental Items
Cash Interest Paid	6.3M	5.2M	1.38M	570K	513K
Cash Income Tax Paid (Refund)	26.56M	156M	29.87M	47.11M	48.82M
Levered Free Cash Flow	167M	323M	284M	180M	139M
Unlevered Free Cash Flow	171M	326M	285M	181M	139M
Change In Net Working Capital	208M	-96.11M	-77.74M	-18.02M	-2.72M
Net Debt Issued / Repaid	-105M	-72.07M	-141M	-1.62M	-1.15M

Fiscal Period: December	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	15.49	10.35	6.93	6.23	7.41
Return on Total Capital	17.45	11.62	7.51	6.81	8.16
Return On Equity %	26.56	16.84	10.58	9.79	10.49
Return on Common Equity	26.56	16.84	10.58	9.79	10.49
Margin Analysis
Gross Profit Margin %	47.12	37.64	35.33	33.22	33.6
SG&A Margin	11.87	11.27	16.5	16.11	15.89
EBITDA Margin %	41.38	33.2	26.15	23.72	26
EBITA Margin %	35.25	26.37	18.83	17.11	19.57
EBIT Margin %	35.25	26.37	18.83	17.11	19.57
Income From Continuing Operations Margin %	28.53	21.6	15.89	15.33	15.69
Net Income Margin %	28.53	21.6	15.89	15.33	15.69
Net Avail. For Common Margin %	28.53	21.6	15.89	15.33	15.69
Normalized Net Income Margin	22.26	16.88	12.57	12.02	12.43
Levered Free Cash Flow Margin	11.84	24.33	24.48	16.02	11.95
Unlevered Free Cash Flow Margin	12.14	24.6	24.59	16.05	11.98
Asset Turnover
Asset Turnover	0.7	0.63	0.59	0.58	0.61
Fixed Assets Turnover	0.94	0.91	0.83	0.84	0.88
Receivables Turnover (Average Receivables)	6.27	4.66	8.2	11.74	13.33
Inventory Turnover (Average Inventory)	28.14	31.61	30.3	29.43	30.52
Short Term Liquidity
Current Ratio	1.71	2.17	3.99	4.64	3.63
Quick Ratio	1.51	2.05	3.74	4.39	3.39
Operating Cash Flow to Current Liabilities	0.7	2.02	2.79	2.23	1.76
Days Sales Outstanding (Average Receivables)	58.18	78.32	44.53	31.18	27.38
Days Outstanding Inventory (Average Inventory)	12.97	11.55	12.05	12.44	11.96
Average Days Payable Outstanding	24.55	23.35	19.8	20.07	19.75
Cash Conversion Cycle (Average Days)	46.6	66.52	36.78	23.54	19.59
Long Term Solvency
Total Debt/Equity	12.73	8.42	0.3	0.25	0.19
Total Debt / Total Capital	11.29	7.77	0.3	0.25	0.19
LT Debt/Equity	5.18	0.97	0.21	0.18	0.11
Long-Term Debt / Total Capital	4.6	0.89	0.21	0.18	0.11
Total Liabilities / Total Assets	24.14	14.23	8.69	8.6	10.12
EBIT / Interest Expense	74.42	62.99	103.46	337.76	443.55
EBITDA / Interest Expense	87.61	79.58	144.53	470.77	591.83
(EBITDA - Capex) / Interest Expense	84.61	68.17	136.73	406.69	427.74
Total Debt / EBITDA	0.36	0.33	0.02	0.02	0.01
Net Debt / EBITDA	-0.04	-0.39	-1.21	-1.63	-1.24
Total Debt / (EBITDA - Capex)	0.38	0.38	0.02	0.02	0.01
Net Debt / (EBITDA - Capex)	-0.04	-0.45	-1.28	-1.89	-1.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	76.72	-6.12	-12.49	-3.05	3.27
Gross Profit, 1 Yr. Growth %	186.04	-25	-17.86	-8.85	4.48
EBITDA, 1 Yr. Growth %	195.42	-24.67	-31.08	-12.04	6.1
EBITA, 1 Yr. Growth %	348.08	-29.77	-37.5	-11.91	8.1
EBIT, 1 Yr. Growth %	348.08	-29.77	-37.5	-11.91	8.1
Earnings From Cont. Operations, 1 Yr. Growth %	329.43	-28.91	-35.61	-6.46	5.7
Net Income, 1 Yr. Growth %	329.43	-28.91	-35.61	-6.46	5.7
Normalized Net Income, 1 Yr. Growth %	331.87	-28.8	-34.85	-7.29	6.78
Diluted EPS Before Extra, 1 Yr. Growth %	329.43	-28.91	-35.61	-6.46	8.22
Accounts Receivable, 1 Yr. Growth %	612.28	-55.85	-37.53	-23.97	21.51
Inventory, 1 Yr. Growth %	26.81	-23.73	18.84	-10.2	9.24
Net Property, Plant and Equip., 1 Yr. Growth %	-4.89	-1.67	-4.99	-2.98	-0.71
Total Assets, 1 Yr. Growth %	22.75	-9.29	-3.82	-0.19	-1.02
Tangible Book Value, 1 Yr. Growth %	24.06	1.34	2.62	0.09	-2.5
Common Equity, 1 Yr. Growth %	23.95	2.56	2.38	-0.09	-2.66
Cash From Operations, 1 Yr. Growth %	56.53	66.03	-25.27	-25.56	-6.86
Capital Expenditures, 1 Yr. Growth %	-63.02	215.83	-74	121.76	130.36
Levered Free Cash Flow, 1 Yr. Growth %	225.84	92.91	-11.98	-36.55	-27.46
Unlevered Free Cash Flow, 1 Yr. Growth %	204.9	90.23	-12.51	-36.72	-27.43
Dividend Per Share, 1 Yr. Growth %	130.77	16.67	-14.29	-3.33	-3.45
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	31.52	28.81	-9.36	-7.89	0.06
Gross Profit, 2 Yr. CAGR %	64.83	46.47	-21.51	-13.47	-2.41
EBITDA, 2 Yr. CAGR %	69.93	49.18	-27.95	-22.14	-0.22
EBITA, 2 Yr. CAGR %	106.51	77.4	-33.75	-25.8	2.01
EBIT, 2 Yr. CAGR %	106.61	77.4	-33.75	-25.8	2.01
Earnings From Cont. Operations, 2 Yr. CAGR %	104.45	74.72	-32.35	-22.39	-0.57
Net Income, 2 Yr. CAGR %	104.45	74.72	-32.35	-22.39	-0.57
Normalized Net Income, 2 Yr. CAGR %	104.64	75.36	-31.89	-22.28	-0.5
Diluted EPS Before Extra, 2 Yr. CAGR %	104.45	74.72	-32.35	-22.39	0.62
Accounts Receivable, 2 Yr. CAGR %	188.45	77.32	-47.48	-31.08	-6.28
Inventory, 2 Yr. CAGR %	17.04	-1.65	-4.79	3.3	-0.96
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.47	-3.29	-3.34	-3.99	-1.85
Total Assets, 2 Yr. CAGR %	12.45	5.52	-6.6	-2.02	-0.61
Tangible Book Value, 2 Yr. CAGR %	13.1	12.13	1.98	1.35	-1.21
Common Equity, 2 Yr. CAGR %	12.92	12.75	2.47	1.14	-1.38
Cash From Operations, 2 Yr. CAGR %	19.7	61.21	11.39	-25.68	-16.73
Capital Expenditures, 2 Yr. CAGR %	-66.53	8.08	-9.38	-24.07	126.02
Levered Free Cash Flow, 2 Yr. CAGR %	3.53	150.71	30.31	-25.27	-30.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	7.02	140.84	29.01	-25.59	-30.17
Dividend Per Share, 2 Yr. CAGR %	46.38	64.08	0	-8.97	-3.39
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	38.4	17.54	13.24	-7.3	-4.31
Gross Profit, 3 Yr. CAGR %	65.54	26.78	20.78	-17.5	-7.86
EBITDA, 3 Yr. CAGR %	83.86	29.57	15.32	-22.99	-11.8
EBITA, 3 Yr. CAGR %	108.44	44.15	25.29	-27.15	-13.36
EBIT, 3 Yr. CAGR %	108.56	44.2	25.29	-27.15	-13.36
Earnings From Cont. Operations, 3 Yr. CAGR %	102.64	43.76	25.26	-24.63	-13.97
Net Income, 3 Yr. CAGR %	102.64	43.76	25.26	-24.63	-13.97
Normalized Net Income, 3 Yr. CAGR %	103.73	43.93	26.07	-24.52	-13.6
Diluted EPS Before Extra, 3 Yr. CAGR %	102.64	43.76	25.26	-24.63	-13.29
Accounts Receivable, 3 Yr. CAGR %	130.93	54.29	25.24	-40.59	-18.13
Inventory, 3 Yr. CAGR %	22.16	1.47	4.75	-6.63	5.25
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.73	-3.54	-3.86	-3.22	-2.91
Total Assets, 3 Yr. CAGR %	6.82	4.68	2.31	-4.51	-1.69
Tangible Book Value, 3 Yr. CAGR %	9.69	9.03	8.87	1.35	0.05
Common Equity, 3 Yr. CAGR %	9.54	9.35	9.18	1.61	-0.14
Cash From Operations, 3 Yr. CAGR %	49.16	33.49	24.77	-2.85	-19.87
Capital Expenditures, 3 Yr. CAGR %	-68.61	-29.27	-32.78	22.11	9.92
Levered Free Cash Flow, 3 Yr. CAGR %	-37.22	27.4	76.87	2.52	-24.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	-36.6	29.64	71.85	1.74	-24.72
Dividend Per Share, 3 Yr. CAGR %	52.73	35.72	32.15	-1.12	-7.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	28.08	26.28	16.84	6.62	7.77
Gross Profit, 5 Yr. CAGR %	37.33	30.84	22.82	8.81	10.91
EBITDA, 5 Yr. CAGR %	43.88	40.41	26.4	5.69	8.84
EBITA, 5 Yr. CAGR %	43.81	38.37	31.79	10.52	15.4
EBIT, 5 Yr. CAGR %	43.81	38.37	31.83	10.54	15.4
Earnings From Cont. Operations, 5 Yr. CAGR %	42.79	35.36	30.66	12.34	14.21
Net Income, 5 Yr. CAGR %	42.79	35.36	30.66	12.34	14.21
Normalized Net Income, 5 Yr. CAGR %	42.83	35.8	31.44	12.49	14.68
Diluted EPS Before Extra, 5 Yr. CAGR %	32.03	34.23	30.66	12.34	14.75
Accounts Receivable, 5 Yr. CAGR %	81.9	56.26	27.7	11.78	11.53
Inventory, 5 Yr. CAGR %	23.08	16.79	10.57	2.2	2.43
Net Property, Plant and Equip., 5 Yr. CAGR %	23.97	5.36	-3.58	-3.72	-3.06
Total Assets, 5 Yr. CAGR %	25.15	3.52	1.23	1.94	1.13
Tangible Book Value, 5 Yr. CAGR %	26.96	5.75	6.54	5.89	4.72
Common Equity, 5 Yr. CAGR %	26.69	5.97	6.66	5.99	4.83
Cash From Operations, 5 Yr. CAGR %	27.56	41.69	32.72	5.61	5.98
Capital Expenditures, 5 Yr. CAGR %	-35.06	-32	-52.04	-27.23	9.18
Levered Free Cash Flow, 5 Yr. CAGR %	33.54	11.22	-15.92	2.92	22.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.39	11.65	-15.77	3.82	19.87
Dividend Per Share, 5 Yr. CAGR %	44.27	27.23	28.93	15.68	16.59