Cash flow I-Tail Corporation

Equities

ITC

THB056010002

Food Processing

End-of-day quote Thailand S.E. Other stock markets 18/09/2024			5-day change	1st Jan Change
19.60 ^THB	0.00%		+1.55%	-7.11%

08-06	I-Tail Corporation Public Company Limited Announces Cash Dividend for the Operating Period from 01 January 2024 to 30 June 2024, Payable on 03 September 2024	CI
08-06	I-Tail Corporation Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: I-TAIL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	11.67B	12.22B	14.53B	22.53B	15.58B
Total Revenues	11.67B	12.22B	14.53B	22.53B	15.58B
Cost of Goods Sold, Total	10.02B	9.05B	11.17B	17.1B	12.54B
Gross Profit	1.64B	3.18B	3.36B	5.42B	3.04B
Selling General & Admin Expenses, Total	570M	699M	940M	1.27B	1.18B
Provision for Bad Debts	-	-	-	18.73M	-1.49M
Other Operating Expenses	-164M	-135M	-406M	-211M	-35.77M
Other Operating Expenses, Total	407M	564M	534M	1.07B	1.15B
Operating Income	1.24B	2.61B	2.82B	4.35B	1.89B
Interest Expense, Total	-82.13M	-36.69M	-31.77M	-59.53M	-2.8M
Interest And Investment Income	68K	-	-	7.5M	205M
Net Interest Expenses	-82.07M	-36.69M	-31.77M	-52.03M	202M
Currency Exchange Gains (Loss)	66.63M	-	-	229M	-68.37M
Other Non Operating Income (Expenses)	-9.82M	-	-	-26.47M	390M
EBT, Excl. Unusual Items	1.21B	2.58B	2.79B	4.5B	2.41B
Restructuring Charges	-	-	-10.6M	-	-
Other Unusual Items	-	-	-31.4M	-	-
EBT, Incl. Unusual Items	1.21B	2.58B	2.75B	4.5B	2.41B
Income Tax Expense	134M	27.08M	27.74M	70.12M	132M
Earnings From Continuing Operations	1.08B	2.55B	2.72B	4.43B	2.28B
Earnings Of Discontinued Operations	-	-	-	39.44M	-
Net Income to Company	1.08B	2.55B	2.72B	4.47B	2.28B
Minority Interest	-4.91M	-	-	509K	-1.45M
Net Income - (IS)	1.07B	2.55B	2.72B	4.47B	2.28B
Net Income to Common Incl Extra Items	1.07B	2.55B	2.72B	4.47B	2.28B
Net Income to Common Excl. Extra Items	1.07B	2.55B	2.72B	4.43B	2.28B
Per Share Items
Net EPS - Basic	2.98	7.08	7.56	2.52	0.76
Basic EPS - Continuing Operations	2.98	7.08	7.56	2.5	0.76
Basic Weighted Average Shares Outstanding	360M	360M	360M	1.77B	3B
Net EPS - Diluted	2.98	7.08	7.56	2.52	0.76
Diluted EPS - Continuing Operations	2.98	7.08	7.56	2.5	0.76
Diluted Weighted Average Shares Outstanding	360M	360M	360M	1.77B	3B
Normalized Basic EPS	2.09	4.47	4.84	1.59	0.5
Normalized Diluted EPS	2.09	4.47	4.84	1.59	0.5
Dividend Per Share	1.7	2.8	6	0.2	0.6
Payout Ratio	77.05	35.24	46.2	171.59	59.15
Supplemental Items
EBITDA	1.71B	3.09B	3.34B	4.89B	2.41B
EBITA	1.24B	2.61B	2.82B	4.35B	1.89B
EBIT	1.24B	2.61B	2.82B	4.35B	1.89B
EBITDAR	1.72B	-	-	-	2.43B
Effective Tax Rate - (Ratio)	11.04	1.05	1.01	1.56	5.46
Total Current Taxes	139M	-	-	-	129M
Total Deferred Taxes	-5.63M	-	-	-	2.73M
Normalized Net Income	752M	1.61B	1.74B	2.81B	1.51B
Interest on Long-Term Debt	2.17M	-	-	1.46M	2.14M
Non-Cash Pension Expense	47.46M	6.44M	9.94M	8.04M	14.28M
Supplemental Operating Expense Items
Marketing Expenses	600K	10.9M	13M	-	-
Selling and Marketing Expenses	184M	306M	463M	548M	455M
General and Administrative Expenses	386M	394M	476M	719M	729M
Research And Development Expense From Footnotes	57.4M	-	-	-	-
Net Rental Expense, Total	4.85M	-	-	-	16.41M
Imputed Operating Lease Interest Expense	874K	-	-	-	8.24M
Imputed Operating Lease Depreciation	3.97M	-	-	-	8.17M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	14.22M	2.11B	703M	10.8B	9.31B
Short Term Investments	-	-	-	738M	1.76B
Trading Asset Securities, Total	-	-	-	-	17.02M
Total Cash And Short Term Investments	14.22M	2.11B	703M	11.54B	11.08B
Accounts Receivable, Total	1.91B	2.12B	2.21B	3.49B	3.56B
Other Receivables	26.96M	-	58.72M	254M	405M
Notes Receivable	-	-	556M	-	-
Total Receivables	1.94B	2.12B	2.82B	3.74B	3.97B
Inventory	3.07B	2.23B	3.5B	4.46B	3.24B
Prepaid Expenses	11.74M	-	-	9.85M	21.92M
Other Current Assets, Total	76.49M	115M	12.88M	580M	255M
Total Current Assets	5.11B	6.57B	7.03B	20.32B	18.57B
Gross Property Plant And Equipment	8.7B	-	6.75B	8.01B	8.95B
Accumulated Depreciation	-4.96B	-	-2.55B	-3.07B	-3.42B
Net Property Plant And Equipment	3.74B	3.98B	4.2B	4.93B	5.53B
Long-term Investments	71K	-	-	-	878M
Other Intangibles, Total	23.01M	9.79M	8.82M	31.73M	35.51M
Deferred Tax Assets Long-Term	22.32M	5.87M	36.47M	43.14M	44.21M
Other Long-Term Assets, Total	190M	182M	225M	418M	373M
Total Assets	9.09B	10.75B	11.51B	25.75B	25.43B
Liabilities
Accounts Payable, Total	807M	1.17B	1.58B	1.42B	1.01B
Accrued Expenses, Total	168M	-	-	605M	341M
Short-term Borrowings	3.13B	1.16B	-	-	-
Current Portion of Long-Term Debt	64.33M	-	2.3B	-	-
Current Portion of Leases	17.52M	8.54M	9.63M	13.84M	13.79M
Current Income Taxes Payable	75.7M	23.19M	46.99M	22.88M	80.2M
Other Current Liabilities	162M	13.97M	132M	466M	264M
Total Current Liabilities	4.42B	2.37B	4.06B	2.53B	1.71B
Long-Term Debt	591M	2.3B	-	-	-
Long-Term Leases	37.01M	10.33M	22.48M	28.46M	33M
Pension & Other Post Retirement Benefits	421M	478M	578M	559M	508M
Other Non Current Liabilities	13.57M	10.67M	25.68M	28.86M	61.11M
Total Liabilities	5.49B	5.17B	4.69B	3.14B	2.31B
Common Stock, Total	360M	360M	360M	3B	3B
Additional Paid In Capital	240M	240M	240M	18.39B	18.39B
Retained Earnings	3.32B	5.11B	6.55B	1.08B	1.97B
Comprehensive Income and Other	-330M	-129M	-332M	128M	-247M
Total Common Equity	3.59B	5.58B	6.82B	22.61B	23.12B
Minority Interest	7.44M	-	-	-1.08M	599K
Total Equity	3.6B	5.58B	6.82B	22.61B	23.12B
Total Liabilities And Equity	9.09B	10.75B	11.51B	25.75B	25.43B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	360M	360M	360M	3B	3B
ECS Total Common Shares Outstanding	360M	360M	360M	3B	3B
Book Value / Share	9.98	15.51	18.94	7.54	7.71
Tangible Book Value	3.57B	5.57B	6.81B	22.58B	23.08B
Tangible Book Value Per Share	9.91	15.48	18.91	7.53	7.69
Total Debt	3.84B	3.48B	2.33B	42.3M	46.78M
Net Debt	3.83B	1.37B	1.63B	-11.49B	-11.04B
Debt Equivalent of Unfunded Proj. Benefit Obligation	421M	443M	578M	559M	508M
Debt Equivalent Oper. Leases	38.79M	-	-	-	131M
Minority Interest, Total (Incl. Fin. Div)	7.44M	-	-	-1.08M	599K
Account Code - Inventory Valuation	6	-	6	6	6
Inventories - Raw Materials, Total	2.03B	1B	1.49B	2.55B	1.84B
Inventories - Work In Process, Total	205M	-	-	14K	-
Inventories - Finished Goods, Total	971M	1.26B	2.09B	1.96B	1.64B
Inventories - Others	-	30.2M	34.3M	48.76M	54.94M
Land - (BS)	304M	-	401M	461M	466M
Buildings, Total	1.73B	-	1.89B	1.97B	2.04B
Machinery, Total	5.97B	-	3.83B	4.21B	4.26B
Full Time Employees	-	-	860	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	31.51M	-	-	40.66M	7.52M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.07B	2.55B	2.72B	4.47B	2.28B
Depreciation & Amortization - CF	494M	480M	532M	551M	537M
Depreciation & Amortization, Total	494M	480M	532M	551M	537M
Amortization of Deferred Charges, Total - (CF)	-	-	3.67M	1.67M	1.94M
(Gain) Loss From Sale Of Asset	4.37M	11.34M	404K	763K	-7.7M
Asset Writedown & Restructuring Costs	3.25M	-	-	-	-
Provision and Write-off of Bad Debts	12.03M	-	11.07M	18.73M	-1.49M
Net Cash From Discontinued Operations	-	-	-	328M	-
Other Operating Activities, Total	242M	104M	113M	139M	144M
Change In Accounts Receivable	-111M	-572M	-88.6M	-2.56B	-300M
Change In Inventories	-23.58M	-685M	-1.33B	-481M	996M
Change In Accounts Payable	-385M	148M	432M	-242M	-705M
Change in Other Net Operating Assets	-5.4M	-4.32M	-31.31M	-185M	-55.9M
Cash from Operations	1.3B	2.03B	2.36B	2.04B	2.89B
Capital Expenditure	-	-655M	-754M	-1.17B	-1.31B
Sale of Property, Plant, and Equipment	-	315M	2.53M	8.81M	70.11M
Cash Acquisitions	-	-	-1.43M	-2.3B	-
Sale (Purchase) of Real Estate properties	-746M	-	-	-	-
Sale (Purchase) of Intangible assets	-6.81M	-232K	-2.2M	-24.58M	-5.72M
Investment in Marketable and Equity Securities, Total	-	-	-	-738M	-1.91B
Other Investing Activities, Total	68K	310K	-555M	838M	158M
Cash from Investing	-753M	-340M	-1.31B	-3.39B	-2.99B
Short Term Debt Issued, Total	888M	255M	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	888M	255M	-	-	-
Short Term Debt Repaid, Total	-	-	-1.16B	-669M	-
Long-Term Debt Repaid, Total	-537M	-11.03M	-11.94M	-114M	-16.41M
Total Debt Repaid	-537M	-11.03M	-1.17B	-783M	-16.41M
Issuance of Common Stock	-	-	-	20.79B	-
Common Dividends Paid	-826M	-898M	-1.26B	-7.67B	-1.35B
Common & Preferred Stock Dividends Paid	-826M	-898M	-1.26B	-7.67B	-1.35B
Other Financing Activities, Total	-89.57M	-40.17M	-33.82M	-208M	-8.64M
Cash from Financing	-564M	-694M	-2.46B	12.13B	-1.37B
Foreign Exchange Rate Adjustments	-2.39M	-3.09M	-2K	-1.74M	-16.44M
Miscellaneous Cash Flow Adjustments	-	-	-	9.47M	-
Net Change in Cash	-16.37M	993M	-1.41B	10.8B	-1.49B
Supplemental Items
Cash Interest Paid	89.57M	39.84M	32.37M	58.64M	678K
Cash Income Tax Paid (Refund)	89.14M	17.84M	29.3M	61.82M	77.99M
Levered Free Cash Flow	881M	2.06B	207M	-2.97B	881M
Unlevered Free Cash Flow	932M	2.08B	226M	-2.93B	882M
Change In Net Working Capital	328M	-628M	1.32B	5.01B	-477M
Net Debt Issued / Repaid	351M	244M	-1.17B	-783M	-16.41M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.68	16.46	15.85	13.37	4.62
Return on Total Capital	10.83	19.79	19.37	19.57	5.16
Return On Equity %	30.83	55.51	43.88	32.89	9.98
Return on Common Equity	30.74	55.56	43.88	32.9	9.98
Margin Analysis
Gross Profit Margin %	14.08	25.98	23.1	24.08	19.5
SG&A Margin	4.89	5.72	6.47	5.62	7.6
EBITDA Margin %	14.67	25.29	23.01	21.7	15.49
EBITA Margin %	10.6	21.37	19.43	19.31	12.14
EBIT Margin %	10.6	21.37	19.43	19.31	12.14
Income From Continuing Operations Margin %	9.23	20.85	18.73	19.66	14.66
Net Income Margin %	9.19	20.85	18.73	19.84	14.65
Net Avail. For Common Margin %	9.19	20.85	18.73	19.67	14.65
Normalized Net Income Margin	6.45	13.17	12.01	12.49	9.68
Levered Free Cash Flow Margin	7.55	16.86	1.42	-13.19	5.65
Unlevered Free Cash Flow Margin	7.99	17.05	1.56	-13.02	5.66
Asset Turnover
Asset Turnover	1.31	1.23	1.31	1.11	0.61
Fixed Assets Turnover	3.27	3.17	3.55	4.93	2.98
Receivables Turnover (Average Receivables)	6.24	6.07	6.72	9.94	4.42
Inventory Turnover (Average Inventory)	3.23	3.41	3.9	4.12	3.26
Short Term Liquidity
Current Ratio	1.16	2.77	1.73	8.04	10.86
Quick Ratio	0.44	1.78	0.73	6.05	8.8
Operating Cash Flow to Current Liabilities	0.29	0.86	0.58	0.81	1.69
Days Sales Outstanding (Average Receivables)	58.52	60.3	54.32	36.7	82.61
Days Outstanding Inventory (Average Inventory)	113.15	107.3	93.58	88.58	112.06
Average Days Payable Outstanding	36.66	44.02	40.23	33.56	39.17
Cash Conversion Cycle (Average Days)	135	123.59	107.67	91.73	155.5
Long Term Solvency
Total Debt/Equity	106.68	62.3	34.21	0.19	0.2
Total Debt / Total Capital	51.62	38.38	25.49	0.19	0.2
LT Debt/Equity	17.44	41.38	0.33	0.13	0.14
Long-Term Debt / Total Capital	8.44	25.5	0.25	0.13	0.14
Total Liabilities / Total Assets	60.39	48.08	40.76	12.21	9.09
EBIT / Interest Expense	15.05	71.2	88.83	73.08	676.46
EBITDA / Interest Expense	21.06	84.27	105.59	82.34	868.41
(EBITDA - Capex) / Interest Expense	21.06	66.41	81.86	62.66	400.08
Total Debt / EBITDA	2.22	1.12	0.7	0.01	0.02
Net Debt / EBITDA	2.21	0.44	0.49	-2.35	-4.55
Total Debt / (EBITDA - Capex)	2.22	1.43	0.9	0.01	0.04
Net Debt / (EBITDA - Capex)	2.21	0.56	0.63	-3.08	-9.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.31	4.78	18.85	216.95	-30.86
Gross Profit, 1 Yr. Growth %	28.1	93.3	5.67	409.45	-44
EBITDA, 1 Yr. Growth %	27.73	80.68	8.14	521.65	-48.28
EBITA, 1 Yr. Growth %	39.53	111.3	8.05	672.11	-53.98
EBIT, 1 Yr. Growth %	39.53	111.3	8.05	672.11	-53.98
Earnings From Cont. Operations, 1 Yr. Growth %	39.98	136.55	6.77	538.44	-48.47
Net Income, 1 Yr. Growth %	39.82	137.63	6.77	179.62	-48.96
Normalized Net Income, 1 Yr. Growth %	43.33	114.07	8.35	519.8	-46.41
Diluted EPS Before Extra, 1 Yr. Growth %	39.82	137.63	6.77	23.86	-69.57
Accounts Receivable, 1 Yr. Growth %	4.43	10.79	4.24	233.45	2.28
Inventory, 1 Yr. Growth %	-2.1	-27.44	56.8	15.93	-27.24
Net Property, Plant and Equip., 1 Yr. Growth %	10.05	6.56	5.6	17.41	12.01
Total Assets, 1 Yr. Growth %	4.21	18.35	7.03	72.42	-1.24
Tangible Book Value, 1 Yr. Growth %