Thai Steel Cable Public : Management Discussion and Analysis Quarter 3 Ending 30 Jun 2022
August 04, 2022 at 06:42 am EDT
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บริษัท ไทยสตีลเคเบิล จ ำกัด (มหำชน)
Thai Steel Cable Public Company Limited
Management Discussion and Analysis
For Q3/2022
Financial Position
Unit : Million Baht
2022
2021
As of Jun 30, 2022
As of Jun 30, 2021
Current Asset
1,106.39
1,115.68
Total Assets
2,233.63
2,261.80
Current Liabilities
630.73
590.72
Total Liabilities
765.32
719.12
Total Equity
1,468.31
1,542.68
Ratio
2022
2021
(Apr 1 - Jun 30, 2022)
(Apr 1 - Jun 30, 2021)
Gross Profit Ratio
15.62
19.10
ROE
4.03
3.87
Current Ratio
1.75
1.89
Debt/Equity Ratio
0.52
0.47
Gross Profit Ratio of Q3/2022 decreased 3.48% from the same period of last year as the affect from an increase in cost of sales.
Return on Equity of Q3/2022 increased 0.16% from the same period of last year due to sales increased, while equity decreased.
Current Ratio of Q3/2022 decreased 0.14 times, due to increase in account payables from raw material purchases.
Debt/Equity Ratio of Q3/2022 increased 0.05 times. Though the company increased in raw material purchases and reserved of legal several pay, while decreased of shareholders equity caused impact in debt/equity ratio.
Sales revenue in Q3/2022 was 620.70 million Baht, increased 15.19 million Baht or 2.51% compared to same period of last year. This is due to the current effects from car production increased 2.36% between January-May 2022 when compared with 2021. However, the global economic recession and the microchip shortages in the industry. In addition to this, the spread of COVID-19 has impacted and lowered the production in the automotive industry.
The net profit for Q3/2022 was 58.75 million Baht, decreased 4.47 million Baht. This is affected due to the increase in cost of sales.
According to data from the Federation of Thai Industries (FTI), the production of passenger cars between April - May 2022 was 76,663 units or 31.04% of total production. It was 0.12% lower from same period of 2021.
However, due to the global outbreak of COVID-19, shrinkage in consumption results from new variance of COVID-19, the continual lockdown in Shanghai did cause the shortage of microchips and parts in automobile production. This could lead to the disruption of the entire supply chain and temporarily slow down the production of some models. In addition, the fluctuation of raw material prices will remain to impact the economic recovery.
The Company continues to closely monitor these situations and accordingly adjust their strategies to pace with the changes.
Thai Steel Cable pcl published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 10:41:03 UTC.
Thai Steel Cable Public Company Limited is a Thailand-based company, which is engaged in the manufacturing and distribution of control cables for automobiles and motorcycles and window regulators for automobiles. The Company's product categories include automobile, motorcycle and window regulator. The Company's automobile products include accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables. The Company's motorcycle products include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables. The Company's products are distributed to automobile manufacturers and spare parts centers in both domestic and overseas markets under the trademarks of TSC and Hi-Lex. The Company's operations are carried out only in Thailand.
THAI STEEL CABLE 