Income Statement Thai Steel Cable

Stocks

TSC

TH0847010004

Auto, Truck & Motorcycle Parts

End-of-day quote Thailand S.E. 2026-09-30			5-day change	1st Jan Change
14.90 ^THB	-0.67%		-1.32%	-3.25%

08-28	Thai Sugar Terminal Public Company Limited Announces Management Changes, Effective August 28, 2026	CI
08-04	Thai Steel Cable Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2026	CI

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Published financial data: THAI STEEL CABLE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Revenues	2.59B	2.64B	2.91B	2.68B	2.52B
Other Revenues, Total	18.22M	-	-	-	-
Total Revenues	2.61B	2.64B	2.91B	2.68B	2.52B
Cost of Goods Sold, Total	2.12B	2.24B	2.38B	2.14B	1.95B
Gross Profit	489M	401M	525M	539M	570M
Selling General & Admin Expenses, Total	251M	244M	254M	292M	255M
Other Operating Expenses	-	-58.16M	-	-	-
Other Operating Expenses, Total	251M	185M	254M	292M	255M
Operating Income	237M	215M	271M	247M	315M
Interest Expense, Total	-1.57M	-1.28M	-704K	-158K	-86K
Interest And Investment Income	3.05M	2.18M	-	7.13M	6.32M
Net Interest Expenses	1.47M	900K	-704K	6.97M	6.23M
Currency Exchange Gains (Loss)	-	-	6.32M	5.88M	745K
Other Non Operating Income (Expenses)	-	-	7.11M	36.88M	29.36M
EBT, Excl. Unusual Items	239M	216M	283M	297M	352M
Gain (Loss) On Sale Of Assets	-	-	-	3.15M	-5.16M
EBT, Incl. Unusual Items	239M	216M	283M	300M	346M
Income Tax Expense	1.77M	7.46M	4.78M	4.47M	-47K
Earnings From Continuing Operations	237M	209M	279M	295M	346M
Net Income to Company	237M	209M	279M	295M	346M
Net Income - (IS)	237M	209M	279M	295M	346M
Net Income to Common Incl Extra Items	237M	209M	279M	295M	346M
Net Income to Common Excl. Extra Items	237M	209M	279M	295M	346M
Per Share Items
Net EPS - Basic	0.91	0.8	1.07	1.14	1.33
Basic EPS - Continuing Operations	0.91	0.8	1.07	1.14	1.33
Basic Weighted Average Shares Outstanding	260M	260M	260M	260M	260M
Net EPS - Diluted	0.91	0.8	1.07	1.14	1.33
Diluted EPS - Continuing Operations	0.91	0.8	1.07	1.14	1.33
Diluted Weighted Average Shares Outstanding	260M	260M	260M	260M	260M
Normalized Basic EPS	0.57	0.52	0.68	0.71	0.84
Normalized Diluted EPS	0.57	0.52	0.68	0.71	0.84
Dividend Per Share	1	1	1.2	1.2	1.2
Payout Ratio	98.61	124.54	93.25	105.6	89.99
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	350M	322M	377M	360M	412M
EBITA	237M	215M	271M	247M	315M
EBIT	237M	215M	271M	247M	315M
EBITDAR	357M	330M	384M	369M	416M
Total Revenues (As Reported)	2.61B	2.7B	-	-	-
Effective Tax Rate - (Ratio)	0.74	3.45	1.69	1.49	-0.01
Current Domestic Taxes	9.95M	7.87M	6.33M	4.4M	1.35M
Total Current Taxes	9.95M	7.87M	6.33M	4.4M	1.35M
Deferred Domestic Taxes	-8.18M	-404K	-1.56M	74K	-1.4M
Total Deferred Taxes	-8.18M	-404K	-1.56M	74K	-1.4M
Normalized Net Income	149M	135M	177M	185M	220M
Interest on Long-Term Debt	273K	179K	-	-	-
Non-Cash Pension Expense	-7K	164K	2.23M	1.96M	1.37M
Supplemental Operating Expense Items
Selling and Marketing Expenses	39.48M	38.27M	37.59M	34.4M	29.96M
General and Administrative Expenses	212M	205M	216M	257M	225M
Net Rental Expense, Total	7M	8.37M	7.68M	8.54M	3.44M
Imputed Operating Lease Interest Expense	856K	810K	797K	3.7M	1.34M
Imputed Operating Lease Depreciation	6.14M	7.56M	6.89M	4.84M	2.1M
Maintenance & Repair Expenses, Total	-	-	-	31.52M	34.14M

Fiscal Period: September	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Assets
Cash And Equivalents	178M	198M	234M	346M	198M
Short Term Investments	359M	296M	185M	180M	370M
Total Cash And Short Term Investments	536M	494M	420M	525M	568M
Accounts Receivable, Total	422M	549M	535M	448M	409M
Other Receivables	6.29M	1.66M	2.2M	4.7M	5.2M
Total Receivables	428M	551M	537M	453M	414M
Inventory	196M	203M	202M	158M	190M
Other Current Assets, Total	18.08M	12.78M	9.88M	7.46M	7.06M
Total Current Assets	1.18B	1.26B	1.17B	1.14B	1.18B
Gross Property Plant And Equipment	2.33B	2.37B	2.32B	2.34B	2.27B
Accumulated Depreciation	-1.4B	-1.47B	-1.44B	-1.49B	-1.47B
Net Property Plant And Equipment	931M	895M	884M	849M	802M
Long-term Investments	40.24M	35.74M	29.68M	26.53M	26.53M
Other Intangibles, Total	6.79M	13.69M	6.86M	4.8M	4.72M
Deferred Tax Assets Long-Term	8.5M	8.67M	9.52M	9.45M	11.59M
Other Long-Term Assets, Total	156M	166M	191M	181M	174M
Total Assets	2.32B	2.38B	2.29B	2.22B	2.2B
Liabilities
Accounts Payable, Total	364M	465M	448M	354M	309M
Accrued Expenses, Total	92.15M	89.67M	99.95M	126M	146M
Short-term Borrowings	100M	100M	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	2.26M	2.21M	1.49M	1.01M	387K
Current Income Taxes Payable	4.06M	5.89M	3.82M	395K	-
Other Current Liabilities	35.7M	42.27M	31.95M	32.8M	38.72M
Total Current Liabilities	598M	705M	585M	515M	494M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	3.03M	3.18M	1.69M	1.65M	488K
Pension & Other Post Retirement Benefits	50.63M	49.99M	56.84M	57.82M	54.32M
Deferred Tax Liability Non Current	2.91M	2.01M	-	-	-
Other Non Current Liabilities	74.23M	74.5M	86.24M	101M	74.9M
Total Liabilities	729M	834M	730M	676M	624M
Common Stock, Total	260M	260M	260M	260M	260M
Additional Paid In Capital	465M	465M	465M	465M	465M
Retained Earnings	855M	813M	831M	815M	849M
Comprehensive Income and Other	11.63M	8.03M	3.18M	29K	660K
Total Common Equity	1.59B	1.55B	1.56B	1.54B	1.57B
Total Equity	1.59B	1.55B	1.56B	1.54B	1.57B
Total Liabilities And Equity	2.32B	2.38B	2.29B	2.22B	2.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	260M	260M	260M	260M	260M
ECS Total Common Shares Outstanding	260M	260M	260M	260M	260M
Book Value / Share	6.13	5.95	6	5.93	6.06
Tangible Book Value	1.58B	1.53B	1.55B	1.53B	1.57B
Tangible Book Value Per Share	6.1	5.9	5.98	5.91	6.04
Total Debt	105M	105M	3.18M	2.66M	875K
Net Debt	-431M	-389M	-416M	-523M	-567M
Debt Equivalent of Unfunded Proj. Benefit Obligation	50.62M	49.99M	56.84M	57.82M	54.32M
Debt Equivalent Oper. Leases	55.99M	66.93M	61.48M	68.3M	27.54M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	102M	107M	87.09M	73.56M	82.87M
Inventories - Work In Process, Total	37.06M	31.88M	35.06M	31.36M	39.48M
Inventories - Finished Goods, Total	59.55M	63.59M	78.93M	51.13M	62.55M
Inventories - Others	2.35M	4.85M	4.4M	4.94M	8.53M
Land - (BS)	143M	143M	142M	142M	142M
Buildings, Total	626M	678M	678M	687M	687M
Machinery, Total	1.44B	1.47B	1.45B	1.49B	1.41B
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Net Income	237M	209M	279M	295M	346M
Depreciation & Amortization - CF	116M	109M	108M	115M	97.79M
Depreciation & Amortization, Total	116M	109M	108M	115M	97.79M
Amortization of Deferred Charges, Total - (CF)	3.42M	2.24M	2.76M	-	-
(Gain) Loss From Sale Of Asset	-163K	-260K	9.65M	-3.15M	5.16M
Asset Writedown & Restructuring Costs	-	-	-	-	5.65M
Provision and Write-off of Bad Debts	-	-	-	-	199K
Other Operating Activities, Total	35.25M	9.66M	11.91M	-9.34M	-4.86M
Change In Accounts Receivable	-46.96M	-122M	15.11M	83.9M	37.71M
Change In Inventories	-49.5M	-5.58M	1.51M	44.49M	-32.44M
Change In Accounts Payable	69.57M	101M	-10.32M	-64.32M	-46.14M
Change in Other Net Operating Assets	-15.18M	-37.68M	2.94M	21.96M	-2.87M
Cash from Operations	349M	265M	420M	484M	407M
Capital Expenditure	-67.86M	-60.13M	-65.63M	-67.14M	-58.35M
Sale of Property, Plant, and Equipment	311K	21.24M	4.06M	4.24M	1.49M
Sale (Purchase) of Real Estate properties	-	-	-68.55M	-5.82M	-
Sale (Purchase) of Intangible assets	-	-9.14M	-5.33M	-949K	-1.53M
Investment in Marketable and Equity Securities, Total	-344M	62.47M	111M	5.72M	-191M
Other Investing Activities, Total	798K	3.47M	2.71M	5.38M	7.24M
Cash from Investing	-410M	17.91M	-21.92M	-58.58M	-242M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-100M	-	-
Long-Term Debt Repaid, Total	-3.4M	-2.45M	-2.4M	-1.81M	-890K
Total Debt Repaid	-3.4M	-2.45M	-102M	-1.81M	-890K
Common Dividends Paid	-234M	-260M	-260M	-312M	-312M
Common & Preferred Stock Dividends Paid	-234M	-260M	-260M	-312M	-312M
Cash from Financing	-237M	-262M	-362M	-314M	-313M
Net Change in Cash	-298M	20.41M	36.24M	112M	-148M
Supplemental Items
Cash Interest Paid	1.57M	1.27M	516K	-	-
Cash Income Tax Paid (Refund)	5.89M	6.04M	8.41M	7.82M	1.74M
Levered Free Cash Flow	183M	157M	208M	262M	219M
Unlevered Free Cash Flow	184M	158M	208M	262M	219M
Change In Net Working Capital	15.36M	18.78M	854K	-60.8M	15.85M
Net Debt Issued / Repaid	-3.4M	-2.45M	-102M	-1.81M	-890K

Fiscal Period: September	2021 (THB)	2022 (THB)	2023 (THB)	2024 (THB)	2025 (THB)
Profitability
Return on Assets	6.6	5.72	7.25	6.85	8.93
Return on Total Capital	8.8	8.03	10.53	9.94	12.64
Return On Equity %	14.98	13.3	17.95	19.05	22.25
Return on Common Equity	14.98	13.3	17.95	19.05	22.25
Margin Analysis
Gross Profit Margin %	18.7	15.15	18.05	20.07	22.66
SG&A Margin	9.62	9.21	8.73	10.88	10.14
EBITDA Margin %	13.4	12.17	12.96	13.42	16.37
EBITA Margin %	9.09	8.14	9.31	9.2	12.52
EBIT Margin %	9.09	8.14	9.31	9.2	12.52
Income From Continuing Operations Margin %	9.07	7.89	9.58	11	13.76
Net Income Margin %	9.07	7.89	9.58	11	13.76
Net Avail. For Common Margin %	9.07	7.89	9.58	11	13.76
Normalized Net Income Margin	5.71	5.11	6.09	6.91	8.73
Levered Free Cash Flow Margin	7.02	5.93	7.15	9.76	8.7
Unlevered Free Cash Flow Margin	7.05	5.96	7.17	9.76	8.7
Asset Turnover
Asset Turnover	1.16	1.13	1.25	1.19	1.14
Fixed Assets Turnover	2.77	2.9	3.27	3.1	3.05
Receivables Turnover (Average Receivables)	6.5	5.45	5.36	5.46	5.88
Inventory Turnover (Average Inventory)	12.38	11.25	11.76	11.91	11.18
Short Term Liquidity
Current Ratio	1.97	1.79	2	2.22	2.39
Quick Ratio	1.61	1.48	1.63	1.9	1.99
Operating Cash Flow to Current Liabilities	0.58	0.38	0.72	0.94	0.82
Days Sales Outstanding (Average Receivables)	56.15	66.99	68.04	67.02	62.12
Days Outstanding Inventory (Average Inventory)	29.49	32.43	31.05	30.73	32.65
Average Days Payable Outstanding	58.96	67.2	69.97	69.9	61.2
Cash Conversion Cycle (Average Days)	26.68	32.22	29.12	27.84	33.57
Long Term Solvency
Total Debt/Equity	6.62	6.82	0.2	0.17	0.06
Total Debt / Total Capital	6.21	6.38	0.2	0.17	0.06
LT Debt/Equity	0.19	0.21	0.11	0.11	0.03
Long-Term Debt / Total Capital	0.18	0.19	0.11	0.11	0.03
Total Liabilities / Total Assets	31.42	35.06	31.89	30.51	28.39
EBIT / Interest Expense	150.77	168.66	384.44	1.56K	3.67K
EBITDA / Interest Expense	224.27	253.97	538.14	2.29K	4.8K
(EBITDA - Capex) / Interest Expense	181.18	206.84	444.92	1.86K	4.12K
Total Debt / EBITDA	0.3	0.33	0.01	0.01	0
Net Debt / EBITDA	-1.22	-1.2	-1.1	-1.44	-1.37
Total Debt / (EBITDA - Capex)	0.37	0.4	0.01	0.01	0
Net Debt / (EBITDA - Capex)	-1.51	-1.47	-1.33	-1.77	-1.6
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.72	1.61	9.9	-7.69	-6.18
Gross Profit, 1 Yr. Growth %	62.49	-16.22	19.76	2.68	5.9
EBITDA, 1 Yr. Growth %	73.66	-8.15	25.16	-5.2	14.45
EBITA, 1 Yr. Growth %	179.92	-9.37	39.23	-8.98	27.72
EBIT, 1 Yr. Growth %	179.92	-9.37	39.23	-8.98	27.72
Earnings From Cont. Operations, 1 Yr. Growth %	187.89	-12.02	33.55	5.96	17.35
Net Income, 1 Yr. Growth %	187.89	-12.02	33.55	5.96	17.35
Normalized Net Income, 1 Yr. Growth %	175.89	-9.55	31.15	1.2	18.55
Diluted EPS Before Extra, 1 Yr. Growth %	187.89	-12.02	34.04	5.96	16.67
Accounts Receivable, 1 Yr. Growth %	11.85	30.27	-2.65	-16.18	-8.76
Inventory, 1 Yr. Growth %	32.37	3.92	-0.55	-21.79	20.4
Net Property, Plant and Equip., 1 Yr. Growth %	-2.32	-3.87	-1.25	-3.9	-5.58
Total Assets, 1 Yr. Growth %	6.55	2.57	-3.74	-3.23	-0.76
Tangible Book Value, 1 Yr. Growth %	1.36	-3.32	1.33	-1.14	2.28
Common Equity, 1 Yr. Growth %	1.14	-2.87	0.88	-1.26	2.26
Cash From Operations, 1 Yr. Growth %	110.69	-24.2	58.78	15.08	-15.94
Capital Expenditures, 1 Yr. Growth %	-9.53	-11.39	9.15	2.3	-13.1
Levered Free Cash Flow, 1 Yr. Growth %	222.48	-14.52	44.6	25.78	-17.24
Unlevered Free Cash Flow, 1 Yr. Growth %	221.27	-14.54	44.1	25.56	-17.25
Dividend Per Share, 1 Yr. Growth %	100	0	20	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.76	13.69	5.68	0.72	-6.94
Gross Profit, 2 Yr. CAGR %	-8.35	15.41	4.74	10.89	4.28
EBITDA, 2 Yr. CAGR %	-0.76	26.3	3.7	9.4	4.16
EBITA, 2 Yr. CAGR %	0.66	59.28	6.77	12.68	7.82
EBIT, 2 Yr. CAGR %	0.66	59.28	6.77	12.68	7.82
Earnings From Cont. Operations, 2 Yr. CAGR %	3.83	59.15	8.4	18.96	11.51
Net Income, 2 Yr. CAGR %	3.83	59.15	8.4	18.96	11.51
Normalized Net Income, 2 Yr. CAGR %	1.23	57.97	8.92	17.15	9.53
Diluted EPS Before Extra, 2 Yr. CAGR %	3.83	59.15	8.4	19.18	11.37
Accounts Receivable, 2 Yr. CAGR %	-6.09	20.71	12.61	-9.67	-12.55
Inventory, 2 Yr. CAGR %	1.16	17.28	1.66	-11.81	-2.96
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.97	-3.1	-2.57	-2.59	-4.75
Total Assets, 2 Yr. CAGR %	-0.43	4.54	-0.68	-3.48	-2
Tangible Book Value, 2 Yr. CAGR %	-1.41	-1.01	-1.02	0.09	0.55
Common Equity, 2 Yr. CAGR %	-1.62	-0.89	-1.01	-0.2	0.48
Cash From Operations, 2 Yr. CAGR %	-5.73	26.37	9.71	35.17	-1.65
Capital Expenditures, 2 Yr. CAGR %	-26.77	-10.46	-1.66	5.67	-5.71
Levered Free Cash Flow, 2 Yr. CAGR %	-3.66	66.03	6.48	34.96	2.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.58	65.69	6.31	34.61	2.47
Dividend Per Share, 2 Yr. CAGR %	0	41.42	9.54	9.54	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.94	-4.87	12.42	1.02	-1.63
Gross Profit, 3 Yr. CAGR %	-8.18	-11.7	20.37	4.05	9.2
EBITDA, 3 Yr. CAGR %	-4.8	-3.29	23.15	0.93	11.06
EBITA, 3 Yr. CAGR %	-4.54	-2.8	47.22	1.3	17.48
EBIT, 3 Yr. CAGR %	-4.54	-2.8	47.22	1.3	17.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.86	-1.75	50.11	7.58	18.42
Net Income, 3 Yr. CAGR %	-1.86	-1.75	50.11	7.58	18.42
Normalized Net Income, 3 Yr. CAGR %	-3.17	-2.5	48.47	7.47	17.62
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.86	-1.75	50.11	7.58	18.46
Accounts Receivable, 3 Yr. CAGR %	-7.61	4.74	12.36	2.06	-9.37
Inventory, 3 Yr. CAGR %	-7.4	2.07	11.01	-6.85	-2.17
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.53	-3.27	-2.49	-3.02	-3.6
Total Assets, 3 Yr. CAGR %	-2.29	0.56	1.68	-1.53	-2.58
Tangible Book Value, 3 Yr. CAGR %	-1.7	-2.05	-0.23	-1.06	0.81
Common Equity, 3 Yr. CAGR %	-1.87	-2.04	-0.3	-1.1	0.62
Cash From Operations, 3 Yr. CAGR %	-3.86	-12.34	36.36	11.47	15.38
Capital Expenditures, 3 Yr. CAGR %	-3.08	-21.97	-4.35	-0.35	-1
Levered Free Cash Flow, 3 Yr. CAGR %	-10.47	-7.42	54.06	12.62	15.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	-11.02	-7.38	53.7	12.43	14.86
Dividend Per Share, 3 Yr. CAGR %	0	0	33.89	6.27	6.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.06	-2.09	-1.53	-2.67	4.23
Gross Profit, 5 Yr. CAGR %	-0.66	-6.28	-3.64	-1.53	13.65
EBITDA, 5 Yr. CAGR %	2.46	-1.44	-1.49	0.25	15.37
EBITA, 5 Yr. CAGR %	7.96	1.1	-0.17	1.05	30.03
EBIT, 5 Yr. CAGR %	7.96	1.1	-0.17	1.05	30.03
Earnings From Cont. Operations, 5 Yr. CAGR %	11.56	3.46	2.12	6.06	33.28
Net Income, 5 Yr. CAGR %	11.56	3.46	2.12	6.06	33.28
Normalized Net Income, 5 Yr. CAGR %	10.49	2.78	1.49	4.93	32.35
Diluted EPS Before Extra, 5 Yr. CAGR %	11.56	3.46	2.12	6.06	33.22
Accounts Receivable, 5 Yr. CAGR %	-1.69	1.08	0	-1.28	1.64
Inventory, 5 Yr. CAGR %	-3.69	-0.78	-3.88	-3.73	5.19
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.35	-2.58	-1.95	-3	-3.4
Total Assets, 5 Yr. CAGR %	-3.35	-3.07	-1.65	-1.09	0.19
Tangible Book Value, 5 Yr. CAGR %	-0.36	-1.65	-1.43	-1.2	0.08
Common Equity, 5 Yr. CAGR %	-0.58	-1.71	-1.53	-1.31	0.01
Cash From Operations, 5 Yr. CAGR %	5.99	-2.93	1.35	4.24	19.66
Capital Expenditures, 5 Yr. CAGR %	8.99	6.81	-2.52	-11.9	-4.9
Levered Free Cash Flow, 5 Yr. CAGR %	-0.4	-6.34	-4.04	5.8	30.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1.37	-7.05	-4.45	5.73	30.73
Dividend Per Share, 5 Yr. CAGR %	14.87	4.56	3.71	3.71	19.14