Thai Vegetable Oil Public Company Limited (BKK: TVO)

TVO Income Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	30,601	34,195	39,107	31,307	24,963	23,587
Other Revenue	-	-	-	-	-	131.49
Revenue	30,601	34,195	39,107	31,307	24,963	23,719
Revenue Growth (YoY)	-21.12%	-12.56%	24.91%	25.42%	5.24%	-5.04%
Cost of Revenue	28,384	32,765	36,226	28,366	22,117	21,229
Gross Profit	2,216	1,430	2,882	2,942	2,845	2,490
Selling, General & Admin	789.58	817.55	894.4	795.77	798.48	761.06
Other Operating Expenses	-	-	-	-	10.16	-
Operating Expenses	774.17	800.22	888.92	804.77	808.64	761.06
Operating Income	1,442	629.35	1,993	2,137	2,037	1,729
Interest Expense	-14.38	-19.72	-5.81	-4.19	-3.42	-3.12
Interest & Investment Income	55.99	45.54	50.19	24.16	18.07	25.09
Currency Exchange Gain (Loss)	73.97	-24.72	40.72	168.81	17	56.05
Other Non Operating Income (Expenses)	256.84	299.01	123.9	299.62	67.06	-
EBT Excluding Unusual Items	1,815	929.45	2,202	2,625	2,135	1,807
Asset Writedown	-0.77	-0.77	-167.07	-	-	-
Pretax Income	1,814	928.69	2,035	2,625	2,135	1,807
Income Tax Expense	348.94	179.44	402.7	520.01	412.7	351.8
Earnings From Continuing Operations	1,465	749.25	1,632	2,105	1,723	1,455
Minority Interest in Earnings	-40.14	-19.69	-27.69	-37.65	-66.96	-44.9
Net Income	1,425	729.56	1,604	2,068	1,656	1,411
Net Income to Common	1,425	729.56	1,604	2,068	1,656	1,411
Net Income Growth	831.75%	-54.52%	-22.41%	24.87%	17.39%	-24.47%
Shares Outstanding (Basic)	889	889	889	889	889	889
Shares Outstanding (Diluted)	889	889	889	889	889	889
Shares Change (YoY)	-	-	0.00%	-0.00%	-	-
EPS (Basic)	1.60	0.82	1.80	2.32	1.86	1.59
EPS (Diluted)	1.60	0.82	1.80	2.32	1.86	1.59
EPS Growth	831.76%	-54.52%	-22.41%	24.87%	17.39%	-24.47%
Free Cash Flow	-253.59	292.53	1,993	474.1	1,862	716.92
Free Cash Flow Per Share	-0.29	0.33	2.24	0.53	2.09	0.81
Dividend Per Share	1.450	0.810	1.050	2.000	1.546	1.318
Dividend Growth	41.02%	-22.86%	-47.50%	29.41%	17.24%	-23.68%
Gross Margin	7.24%	4.18%	7.37%	9.40%	11.40%	10.50%
Operating Margin	4.71%	1.84%	5.10%	6.83%	8.16%	7.29%
Profit Margin	4.66%	2.13%	4.10%	6.60%	6.63%	5.95%
Free Cash Flow Margin	-0.83%	0.86%	5.10%	1.51%	7.46%	3.02%
EBITDA	1,730	913.71	2,305	2,467	2,383	2,094
EBITDA Margin	5.65%	2.67%	5.89%	7.88%	9.55%	8.83%
D&A For EBITDA	287.42	284.36	311.93	330.21	346.1	364.67
EBIT	1,442	629.35	1,993	2,137	2,037	1,729
EBIT Margin	4.71%	1.84%	5.10%	6.83%	8.16%	7.29%
Effective Tax Rate	19.24%	19.32%	19.79%	19.81%	19.33%	19.47%
Revenue as Reported	30,911	34,536	39,321	31,799	25,062	23,797
Advertising Expenses	-	18.92	38.29	33.68	61.88	43.39

Source: S&P Capital IQ. Standard template. Financial Sources.