Balance Sheet Thai Stanley Electric

Equities

STANLY

TH0233010Z07

Auto, Truck & Motorcycle Parts

End-of-day quote Thailand S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
218.00 ^THB	-0.46%		0.00%	+17.52%

07-26	Thai Stanley Electric Public Company Limited Reports Earnings Results for the First Quarter Ended June 30, 2024	CI
07-09	Thai Stanley Electric Public Company Limited Approves Dividend Payment with Condition in Special Occasion for Operating Period 1 April 2023 to 31 March 2024, Payable on July 26, 2024	CI

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Published financial data: THAI STANLEY ELECTRIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	15.15B	11.73B	13.58B	14.45B	14.38B
Total Revenues	15.15B	11.73B	13.58B	14.45B	14.38B
Cost of Goods Sold, Total	12.34B	9.95B	11.09B	11.84B	11.83B
Gross Profit	2.81B	1.78B	2.49B	2.61B	2.55B
Selling General & Admin Expenses, Total	948M	883M	1.02B	1.09B	1.13B
Other Operating Expenses	-97.04M	-53.73M	-74.89M	-101M	-90.02M
Other Operating Expenses, Total	851M	830M	949M	992M	1.04B
Operating Income	1.96B	946M	1.54B	1.62B	1.51B
Interest And Investment Income	140M	80.85M	43.84M	144M	251M
Net Interest Expenses	140M	80.85M	43.84M	144M	251M
Income (Loss) On Equity Invest.	319M	242M	282M	387M	378M
Currency Exchange Gains (Loss)	16.61M	24.09M	20.3M	940K	30.7M
EBT, Excl. Unusual Items	2.44B	1.29B	1.89B	2.15B	2.17B
Gain (Loss) On Sale Of Investments	-	-	-	1.92M	2.71M
Gain (Loss) On Sale Of Assets	10.12M	3.34M	4.09M	3.11M	4.95M
EBT, Incl. Unusual Items	2.45B	1.3B	1.89B	2.15B	2.18B
Income Tax Expense	448M	235M	369M	408M	422M
Earnings From Continuing Operations	2B	1.06B	1.52B	1.75B	1.76B
Net Income to Company	2B	1.06B	1.52B	1.75B	1.76B
Net Income - (IS)	2B	1.06B	1.52B	1.75B	1.76B
Net Income to Common Incl Extra Items	2B	1.06B	1.52B	1.75B	1.76B
Net Income to Common Excl. Extra Items	2B	1.06B	1.52B	1.75B	1.76B
Per Share Items
Net EPS - Basic	26.07	13.85	19.85	22.78	22.93
Basic EPS - Continuing Operations	26.07	13.85	19.85	22.78	22.93
Basic Weighted Average Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Net EPS - Diluted	26.07	13.85	19.85	22.78	22.93
Diluted EPS - Continuing Operations	26.07	13.85	19.85	22.78	22.93
Diluted Weighted Average Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Normalized Basic EPS	19.87	10.55	15.38	17.52	17.71
Normalized Diluted EPS	19.87	10.55	15.38	17.52	17.71
Dividend Per Share	8.25	5.5	8.5	20	20
Payout Ratio	31.62	59.56	27.71	37.31	87.23
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	3.16B	2.22B	2.84B	2.89B	2.78B
EBITA	1.96B	946M	1.54B	1.62B	1.51B
EBIT	1.96B	946M	1.54B	1.62B	1.51B
Effective Tax Rate - (Ratio)	18.33	18.13	19.54	18.94	19.38
Current Domestic Taxes	421M	199M	339M	373M	388M
Total Current Taxes	421M	199M	339M	373M	388M
Deferred Domestic Taxes	27.05M	35.7M	30.39M	35.21M	34.52M
Total Deferred Taxes	27.05M	35.7M	30.39M	35.21M	34.52M
Normalized Net Income	1.52B	808M	1.18B	1.34B	1.36B
Non-Cash Pension Expense	90.53M	13.33M	6.41M	9.21M	10.05M
Supplemental Operating Expense Items
Selling and Marketing Expenses	584M	558M	686M	743M	777M
General and Administrative Expenses	364M	326M	338M	350M	353M
Research And Development Expense From Footnotes	228M	261M	255M	246M	263M
Maintenance & Repair Expenses, Total	333M	307M	312M	329M	270M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.18B	2.66B	2.66B	2.08B	2B
Short Term Investments	1.17B	2.26B	3.48B	5.89B	6.84B
Total Cash And Short Term Investments	4.34B	4.92B	6.14B	7.98B	8.84B
Accounts Receivable, Total	2.43B	2.43B	2.48B	2.47B	2.3B
Other Receivables	147M	59.46M	79.34M	47.32M	50.99M
Notes Receivable	31.76M	44.38M	54.96M	32.71M	63.01M
Total Receivables	2.61B	2.54B	2.61B	2.55B	2.41B
Inventory	942M	477M	718M	591M	504M
Prepaid Expenses	57.47M	56.39M	62.66M	37.03M	38.81M
Other Current Assets, Total	39.65M	7.52M	9.91M	8.47M	30.24M
Total Current Assets	7.99B	8B	9.54B	11.17B	11.83B
Gross Property Plant And Equipment	23.24B	23.9B	24.59B	24.7B	24.9B
Accumulated Depreciation	-13.72B	-14.5B	-15.51B	-16.23B	-17.01B
Net Property Plant And Equipment	9.52B	9.4B	9.08B	8.47B	7.9B
Long-term Investments	1.75B	3.07B	3.39B	3.73B	4.1B
Other Intangibles, Total	76.66M	56.96M	989M	940M	41.47M
Loans Receivable Long-Term	12.81M	18.74M	41.49M	10.54M	59.8M
Deferred Charges Long-Term	1.01B	971M	-	-	831M
Other Long-Term Assets, Total	15.75M	23.09M	16.2M	14.93M	15.58M
Total Assets	20.37B	21.54B	23.06B	24.33B	24.78B
Liabilities
Accounts Payable, Total	1.07B	1.04B	1.05B	1B	964M
Accrued Expenses, Total	527M	600M	541M	536M	584M
Current Income Taxes Payable	219M	153M	177M	198M	196M
Other Current Liabilities	651M	178M	293M	258M	192M
Total Current Liabilities	2.47B	1.97B	2.07B	1.99B	1.94B
Pension & Other Post Retirement Benefits	383M	385M	410M	415M	426M
Deferred Tax Liability Non Current	195M	472M	555M	632M	714M
Total Liabilities	3.05B	2.82B	3.03B	3.04B	3.08B
Common Stock, Total	383M	383M	383M	383M	383M
Additional Paid In Capital	504M	504M	504M	504M	504M
Retained Earnings	16.63B	17.06B	18.16B	19.26B	19.48B
Comprehensive Income and Other	-200M	767M	977M	1.14B	1.33B
Total Common Equity	17.32B	18.72B	20.03B	21.29B	21.7B
Total Equity	17.32B	18.72B	20.03B	21.29B	21.7B
Total Liabilities And Equity	20.37B	21.54B	23.06B	24.33B	24.78B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	76.62M	76.62M	76.62M	76.62M	76.62M
ECS Total Common Shares Outstanding	76.62M	76.62M	76.62M	76.62M	76.62M
Book Value / Share	226.06	244.28	261.36	277.8	283.22
Tangible Book Value	17.25B	18.66B	19.04B	20.35B	21.66B
Tangible Book Value Per Share	225.06	243.53	248.46	265.53	282.68
Total Debt	0	0	0	0	0
Net Debt	-4.34B	-4.92B	-6.14B	-7.98B	-8.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	383M	385M	410M	415M	426M
Equity Method Investments, Total	1.62B	1.73B	1.91B	2.02B	2.2B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	233M	239M	285M	209M	221M
Inventories - Work In Process, Total	517M	84.14M	293M	222M	127M
Inventories - Finished Goods, Total	196M	156M	161M	163M	171M
Land - (BS)	1.35B	1.35B	1.35B	1.35B	1.35B
Buildings, Total	2.1B	2.75B	2.79B	2.79B	2.82B
Machinery, Total	14.51B	15.03B	15.77B	16.03B	15.94B
Accumulated Allowance for Doubtful Accounts (Supple)	20.45M	20.45M	20.45M	20.45M	2.01M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	2B	1.06B	1.52B	1.75B	1.76B
Depreciation & Amortization - CF	1.2B	1.27B	1.3B	1.28B	1.27B
Depreciation & Amortization, Total	1.2B	1.27B	1.3B	1.28B	1.27B
Amortization of Deferred Charges, Total - (CF)	245M	283M	278M	270M	285M
(Gain) Loss From Sale Of Asset	-10.12M	-3.34M	-4.09M	-3.11M	-4.95M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	5
(Income) Loss On Equity Investments - (CF)	-319M	-242M	-282M	-387M	-378M
Provision and Write-off of Bad Debts	-	-	-	-	-18.44M
Other Operating Activities, Total	28.52M	-55.85M	77.96M	-47.09M	-134M
Change In Accounts Receivable	-88.34M	76.35M	-66.33M	71.48M	206M
Change In Inventories	159M	467M	-260M	145M	75.5M
Change In Accounts Payable	-78.22M	-36.65M	18.05M	-53.62M	-41.9M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-59.99M	49.73M	-6.04M	-23.95M	-1.35M
Cash from Operations	3.08B	2.87B	2.57B	3B	3.02B
Capital Expenditure	-3.3B	-1.6B	-927M	-677M	-749M
Sale of Property, Plant, and Equipment	10.18M	4.22M	4.41M	3.3M	6.92M
Sale (Purchase) of Intangible assets	-351M	-231M	-226M	-233M	-219M
Investment in Marketable and Equity Securities, Total	2.44B	-1.09B	-1.22B	-2.43B	-949M
Other Investing Activities, Total	258M	160M	213M	423M	338M
Cash from Investing	-939M	-2.76B	-2.16B	-2.91B	-1.57B
Common Dividends Paid	-632M	-632M	-421M	-651M	-1.53B
Common & Preferred Stock Dividends Paid	-632M	-632M	-421M	-651M	-1.53B
Cash from Financing	-632M	-632M	-421M	-651M	-1.53B
Foreign Exchange Rate Adjustments	1.37M	7.79M	1.95M	-4.29M	3.85M
Net Change in Cash	1.51B	-514M	-7.39M	-572M	-84.01M
Supplemental Items
Cash Income Tax Paid (Refund)	421M	265M	315M	352M	389M
Levered Free Cash Flow	-1.3B	378M	1.16B	1.79B	1.68B
Unlevered Free Cash Flow	-1.3B	378M	1.16B	1.79B	1.68B
Change In Net Working Capital	323M	-65.41M	224M	-138M	-145M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.18	2.82	4.32	4.26	3.85
Return on Total Capital	7.36	3.28	4.97	4.89	4.4
Return On Equity %	12	5.89	7.85	8.45	8.17
Return on Common Equity	12	5.89	7.85	8.45	8.17
Margin Analysis
Gross Profit Margin %	18.55	15.14	18.33	18.06	17.74
SG&A Margin	6.25	7.53	7.54	7.57	7.85
EBITDA Margin %	20.86	18.93	20.88	20.03	19.36
EBITA Margin %	12.94	8.07	11.34	11.19	10.51
EBIT Margin %	12.94	8.07	11.34	11.19	10.51
Income From Continuing Operations Margin %	13.18	9.05	11.2	12.08	12.22
Net Income Margin %	13.18	9.05	11.2	12.08	12.22
Net Avail. For Common Margin %	13.18	9.05	11.2	12.08	12.22
Normalized Net Income Margin	10.05	6.89	8.68	9.29	9.44
Levered Free Cash Flow Margin	-8.59	3.22	8.54	12.37	11.68
Unlevered Free Cash Flow Margin	-8.59	3.22	8.54	12.37	11.68
Asset Turnover
Asset Turnover	0.76	0.56	0.61	0.61	0.59
Fixed Assets Turnover	1.76	1.24	1.47	1.65	1.76
Receivables Turnover (Average Receivables)	6.3	4.82	5.58	5.84	6.02
Inventory Turnover (Average Inventory)	12.09	14.03	18.57	18.1	21.61
Short Term Liquidity
Current Ratio	3.24	4.07	4.62	5.6	6.11
Quick Ratio	2.8	3.77	4.21	5.27	5.78
Operating Cash Flow to Current Liabilities	1.25	1.46	1.25	1.5	1.56
Days Sales Outstanding (Average Receivables)	58.07	75.67	65.45	62.51	60.75
Days Outstanding Inventory (Average Inventory)	30.28	26.02	19.65	20.17	16.93
Average Days Payable Outstanding	33.42	40.58	33.67	32.03	30.61
Cash Conversion Cycle (Average Days)	54.94	61.11	51.43	50.65	47.07
Long Term Solvency
Total Liabilities / Total Assets	14.96	13.11	13.14	12.49	12.41
Net Debt / EBITDA	-1.37	-2.22	-2.16	-2.76	-3.18
Net Debt / (EBITDA - Capex)	31.48	-7.99	-3.22	-3.6	-4.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.52	-22.59	15.81	6.37	-0.47
Gross Profit, 1 Yr. Growth %	1.47	-36.82	40.21	4.78	-2.21
EBITDA, 1 Yr. Growth %	6.52	-29.76	27.77	2.05	-3.8
EBITA, 1 Yr. Growth %	0.72	-51.73	62.8	4.94	-6.47
EBIT, 1 Yr. Growth %	0.72	-51.73	62.8	4.94	-6.47
Earnings From Cont. Operations, 1 Yr. Growth %	1	-46.87	43.29	14.79	0.64
Net Income, 1 Yr. Growth %	1	-46.87	43.29	14.79	0.64
Normalized Net Income, 1 Yr. Growth %	0.36	-46.91	45.87	14.02	1.08
Diluted EPS Before Extra, 1 Yr. Growth %	1	-46.87	43.29	14.79	0.64
Accounts Receivable, 1 Yr. Growth %	2.08	0.24	3.35	-0.1	-6.97
Inventory, 1 Yr. Growth %	-14.34	-49.4	50.59	-17.71	-14.68
Net Property, Plant and Equip., 1 Yr. Growth %	23.55	-1.2	-3.47	-6.7	-6.73
Total Assets, 1 Yr. Growth %	5.79	5.76	7.03	5.5	1.86
Tangible Book Value, 1 Yr. Growth %	8.38	8.21	2.02	1.93	2.02
Common Equity, 1 Yr. Growth %	8.49	8.06	6.99	6.29	1.95
Cash From Operations, 1 Yr. Growth %	22.82	-6.57	-10.44	16.41	0.71
Capital Expenditures, 1 Yr. Growth %	24.58	-51.37	-42.2	-27.01	10.65
Levered Free Cash Flow, 1 Yr. Growth %	181.5	-129	207.2	54.05	-5.99
Unlevered Free Cash Flow, 1 Yr. Growth %	181.5	-129	207.2	54.05	-5.99
Dividend Per Share, 1 Yr. Growth %	0	-33.33	54.55