Thai Beverage Public Company Limited’s 2016 Annual Report: 20 Key Numbers Investors Should Know

Thai Beverage Public Company Limited  (SGX: Y92) released its 2016 annual report last month.

Investors may be familiar with Thai Beverage’s signature Chang brand of beers. But there is much more to learn about the company’s business. With this in mind, here’re 20 figures from Thai Beverage’s latest annual report that investors may want to know:

  1. The fiscal year 2016 (FY2016) consisted of nine months, that is, from January 2016 to September 2016. Thai Beverage elected to shift its financial year end from December to September. The shift was facilitated by a shorter reporting period in 2016. The figures below correspond to the nine months ended 30 September 2016.
  2. Thai Beverage is the leader in Thailand’s beverage market. The Thai brewer has a route-to-market reach of over 400,000 outlets in Thailand and more than 7,000 delivery trucks. In 2016, Thai Beverage was able to move into the luxury hotel and restaurant market. The brewer was able to distribute its premium brown spirits to over 1,000 luxury hotels and restaurants.
  3. Thai Beverage’s Spirits segment is the biggest revenue contributor. The segment accounted for over 55% of Thai Beverage’s THB 139 billion in revenue for FY2016. The Beer segment was in second place with 32% of total sales. Elsewhere, the Non-alcoholic beverages segment made up 9% of sales while Food contributed the remaining 4% of total revenue.
  4. Although it’s not a big revenue contributor, the Non-alcoholic beverages segment tops the list in sales volume. The segment had delivered 1.27 billion litres in FY2016. In comparison, the Spirits and Beer segments had recorded sales volumes of 417 million litres and 669 million litres, respectively.
  5. The fulfilment dynamics of the different business segments also vary. The Spirits business had an inventory turnover of 56 days in FY2016 while the Beer segment had an inventory turnover of just 8 days. Non-alcoholic beverages had a turnover of 24 days, while Food’s turnover was just 2 days.
  6. Next up, financial figures. Thai Beverage also shared some financial ratios in its annual report. The Thai brewer’s current ratio was 1.53 times while its interest bearing debt to equity ratio was 0.36 times. The beverage maker also had an accounts receivable turnover of just 8.5 days.
  7. Chairman Charoen Sirivadhanabhakdi continues to own almost 66% of Thai Beverage’s shares. This gives him the majority vote on matters related to the company.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.