2023/24 Revenue Structure
Fiscal year ended 31 March 2024
| Consolidated (THB mn) | 2020/21 | 2021/22 | 2022/23 | 2023/24 |
|---|---|---|---|---|
| Revenue from services and sales(1) | 2,480 | 4,193 | 4,873 | 4,813 |
| Cost of services and sales | 1,544 | 3,209 | (3,515) | (3,359) |
| Gross profit | 936 | 984 | 1,357 | 1,454 |
| EBITDA | 1,582 | 345 | 274 | (3,309) |
| EBIT | 1,113 | (141) | (224) | (3,952) |
| Net profit (loss) (excl. non-controlling interests) | 980 | (120) | (65) | (3,489) |
| Total assets | 20,970 | 40,792 | 33,627 | 28,401 |
| Total liabilities | 3,907 | 10,809 | 2,976 | 3,267 |
| Total shareholders' equity | 17,063 | 29,983 | 30,651 | 25,134 |
| Key Financial Ratios | 2020/21 | 2021/22 | 2022/23 | 2023/24 |
| Profitability Ratios(2) | ||||
| Gross profit margin (%) | 62.3% | 23.5% | 27.9% | 30.2% |
| EBITDA margin (%) | 37.7% | 8.2% | 6.0% | -10.7% |
| EBIT margin (%) | 63.8% | -3.4% | -4.6% | -82.1% |
| Net profit (loss) margin (%) | 44.9% | -2.9% | -1.1% | -63.9% |
| ROE (%) | 6.7% | -0.5% | -0.2% | -13.6% |
| Liquidity Ratios | ||||
| Current ratio (times) | 1.0X | 1.6X | 4.3X | 4.9X |
| Efficiency Ratios | ||||
| ROA (%) | 5.1% | -0.4% | -0.2% | -11.2% |
| Asset turnover (times) | 0.2X | 0.1X | 0.2X | 0.2X |
| Leverage Ratios | ||||
| Liability to equity (times) | 0.2X | 0.4X | 0.1X | 0.1X |
| Debt to equity (times) | 0.1X | 0.3X | - | - |
Remark:
- Currently, VGI business comprised of Advertising, Digital Services and Distribution business. The categorisation of accounting for each of these platforms is different, with Advertising recorded under the Advertising segment; Digital Services under the Digital Services
(1) Excludes other income
(2) Calculated using total operating revenue
4Q 23/24 Revenue Structure
Fiscal year ended 31 March
| Consolidated (THB mn) | 4Q 22/23 | 1Q 23/24 | 2Q 23/24 | 3Q 23/24 | 4Q 23/24 |
|---|---|---|---|---|---|
| Revenue from services and sales(1) | 1,246 | 1,123 | 1,083 | 1,331 | 1,275 |
| Cost of services and sales | (923) | (772) | (784) | (861) | (908) |
| Gross profit | 323 | 352 | 299 | 470 | 367 |
| EBITDA(2) | (212) | (297) | 390 | (3,235) | (166) |
| EBIT(2) | (363) | (435) | 235 | (3,409) | (343) |
| Net profit (loss) (excl. NCI)(2) | (260) | (367) | 166 | (3,339) | 51 |
| Total assets | 33,635 | 33,324 | 32,788 | 28,454 | 28,401 |
| Total liabilities | 2,985 | 3,389 | 3,021 | 3,221 | 3,267 |
| Total shareholders' equity | 30,651 | 29,935 | 29,767 | 25,233 | 25,134 |
| Key Financial Ratios | 4Q 22/23 | 1Q 23/24 | 2Q 23/24 | 3Q 23/24 | 4Q 23/24 |
| Profitability Ratios | |||||
| Gross profit margin (%) | 25.9% | 31.3% | 27.6% | 35.3% | 28.8% |
| EBITDA margin (%) | -17.0% | -26.5% | 36.0% | -243.1% | -24.8% |
| EBIT margin (%) | -29.1% | -38.7% | 21.7% | -256.1% | -26.9% |
| Net profit (loss) margin (%) | -20.9% | -32.6% | 15.3% | -250.9% | 4.3% |
| ROE (%) | -0.2% | -1.7% | -1.3% | -14.7% | -13.6% |
| Liquidity Ratios | |||||
| Current ratio (times) | 4.9 | 4.1 | 4.6 | 3.7 | 4.3 |
| Efficiency Ratios | |||||
| ROA (%) | -0.2% | -1.4% | -1.1% | -12.2% | -11.2% |
| Asset turnover (times) | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 |
| Leverage Ratios | |||||
| Liability to equity (times) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Debt to equity (times) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Remark:
- Currently, VGI business comprised of Advertising, Digital Services and Distribution business. The categorisation of accounting for each of these platforms is different, with Advertising recorded under the Advertising segment; Digital Services under the Digital Services segment, and Distribution under Distribution segment and the equity method.
(1) Excludes other income
(2) Calculated using total revenue from services and sales
