Balance Sheet Jubilee Enterprise

Equities

JUBILE

TH1022010009

Apparel & Accessories Retailers

End-of-day quote Thailand S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
13.70 ^THB	+1.48%		0.00%	-23.03%

Aug. 14	Jubilee Enterprise Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Aug. 14	Jubilee Enterprise Public Company Limited Announces Interim Cash Dividend for the Operating from January 1, 2024 to June 30, 2024, Payable on September 13, 2024	CI

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Published financial data: JUBILEE ENTERPRISE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.81B	1.7B	1.53B	1.79B	1.56B
Total Revenues	1.81B	1.7B	1.53B	1.79B	1.56B
Cost of Goods Sold, Total	964M	890M	810M	897M	802M
Gross Profit	842M	814M	721M	889M	757M
Selling General & Admin Expenses, Total	529M	474M	441M	498M	505M
Other Operating Expenses	-	-3.26M	-8.67M	-9.13M	-20.49M
Other Operating Expenses, Total	529M	470M	432M	489M	485M
Operating Income	313M	344M	289M	400M	272M
Interest Expense, Total	-29.27K	-5.56M	-4.36M	-4.69M	-4.73M
Net Interest Expenses	-29.27K	-5.56M	-4.36M	-4.69M	-4.73M
Other Non Operating Income (Expenses)	13.72M	-	-	-	-
EBT, Excl. Unusual Items	327M	338M	285M	396M	268M
Gain (Loss) On Sale Of Investments	-	-	-	-	-15M
EBT, Incl. Unusual Items	327M	338M	285M	396M	253M
Income Tax Expense	64.89M	71.39M	59.52M	81.18M	49.31M
Earnings From Continuing Operations	262M	267M	225M	314M	203M
Net Income to Company	262M	267M	225M	314M	203M
Net Income - (IS)	262M	267M	225M	314M	203M
Net Income to Common Incl Extra Items	262M	267M	225M	314M	203M
Net Income to Common Excl. Extra Items	262M	267M	225M	314M	203M
Per Share Items
Net EPS - Basic	1.5	1.53	1.29	1.8	1.17
Basic EPS - Continuing Operations	1.5	1.53	1.29	1.8	1.17
Basic Weighted Average Shares Outstanding	174M	174M	174M	174M	174M
Net EPS - Diluted	1.5	1.53	1.29	1.8	1.17
Diluted EPS - Continuing Operations	1.5	1.53	1.29	1.8	1.17
Diluted Weighted Average Shares Outstanding	174M	174M	174M	174M	174M
Normalized Basic EPS	1.17	1.21	1.02	1.42	0.96
Normalized Diluted EPS	1.17	1.21	1.02	1.42	0.96
Dividend Per Share	0.91	0.62	0.52	0.73	0.5
Payout Ratio	50.51	43.76	45.64	41.57	51.45
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	332M	360M	304M	407M	289M
EBITA	313M	344M	289M	400M	272M
EBIT	313M	344M	289M	400M	272M
EBITDAR	-	361M	306M	408M	296M
Effective Tax Rate - (Ratio)	19.84	21.11	20.9	20.52	19.53
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	65.43M	70.11M	58.23M	79.94M	52.69M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-537K	1.28M	1.29M	1.24M	-3.37M
Normalized Net Income	204M	211M	178M	247M	167M
Interest on Long-Term Debt	-	5.54M	4.36M	5.18M	4.73M
Non-Cash Pension Expense	1.8M	246K	288K	327K	373K
Supplemental Operating Expense Items
Advertising Expense	154M	134M	133M	143M	139M
Selling and Marketing Expenses	383M	327M	301M	351M	357M
General and Administrative Expenses	146M	146M	140M	147M	148M
Net Rental Expense, Total	-	1.02M	1.62M	1.54M	7.25M
Imputed Operating Lease Interest Expense	-	-	149K	175K	1M
Imputed Operating Lease Depreciation	-	-	1.47M	1.36M	6.25M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	119M	41.55M	36.96M	49.81M	42M
Short Term Investments	938K	945K	37.99M	948K	36.2M
Trading Asset Securities, Total	416M	609M	855M	831M	780M
Total Cash And Short Term Investments	535M	652M	930M	882M	859M
Accounts Receivable, Total	118M	141M	118M	98.49M	91.98M
Other Receivables	1.8M	6.05M	10.3M	11.26M	10.38M
Total Receivables	120M	147M	129M	110M	102M
Inventory	639M	674M	574M	667M	711M
Other Current Assets, Total	9.34M	-	-	-	-
Total Current Assets	1.3B	1.47B	1.63B	1.66B	1.67B
Gross Property Plant And Equipment	209M	708M	716M	736M	702M
Accumulated Depreciation	-145M	-255M	-358M	-406M	-444M
Net Property Plant And Equipment	63.62M	453M	358M	329M	258M
Long-term Investments	67.13M	97.48M	60.21M	116M	140M
Other Intangibles, Total	14.73M	16.58M	11.61M	7.96M	21.22M
Deferred Tax Assets Long-Term	3.58M	2.31M	1.02M	662K	4.03M
Other Long-Term Assets, Total	36.42M	35.15M	34.72M	47.25M	37.68M
Total Assets	1.49B	2.08B	2.1B	2.16B	2.13B
Liabilities
Accounts Payable, Total	241M	270M	246M	153M	141M
Accrued Expenses, Total	76.13M	72.93M	63.28M	63.9M	48.7M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	92.52M	99.9M	86.74M	91.16M
Current Income Taxes Payable	35.51M	47.44M	34.34M	37.43M	23.9M
Unearned Revenue Current, Total	29.79M	3.84M	4.51M	393K	556K
Other Current Liabilities	32.68M	47.99M	52.78M	59.64M	46.34M
Total Current Liabilities	415M	535M	501M	401M	352M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	317M	250M	225M	146M
Pension & Other Post Retirement Benefits	8.77M	10.18M	10.79M	17.32M	19.03M
Other Non Current Liabilities	4.91M	4.93M	4.93M	4.93M	4.93M
Total Liabilities	429M	867M	766M	648M	522M
Common Stock, Total	174M	174M	174M	174M	174M
Additional Paid In Capital	92.27M	92.27M	92.27M	92.27M	92.27M
Retained Earnings	793M	943M	1.07B	1.25B	1.34B
Total Common Equity	1.06B	1.21B	1.33B	1.51B	1.61B
Total Equity	1.06B	1.21B	1.33B	1.51B	1.61B
Total Liabilities And Equity	1.49B	2.08B	2.1B	2.16B	2.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	174M	174M	174M	174M	174M
ECS Total Common Shares Outstanding	174M	174M	174M	174M	174M
Book Value / Share	6.08	6.94	7.64	8.68	9.24
Tangible Book Value	1.04B	1.19B	1.32B	1.5B	1.59B
Tangible Book Value Per Share	6	6.85	7.58	8.63	9.12
Total Debt	0	410M	350M	312M	237M
Net Debt	-535M	-242M	-580M	-570M	-622M
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.77M	10.18M	10.79M	17.32M	19.03M
Debt Equivalent Oper. Leases	-	8.16M	12.95M	12.31M	57.98M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	45.47M	56.35M	40.4M	53.53M	56.13M
Inventories - Work In Process, Total	21M	28.85M	45.26M	20.83M	21.68M
Inventories - Finished Goods, Total	562M	579M	478M	583M	623M
Inventories - Others	9.78M	10.48M	9.92M	10.13M	9.82M
Buildings, Total	79.27M	80.19M	80.19M	85.15M	92.02M
Machinery, Total	129M	131M	134M	143M	153M
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.04M	1.04M	1.04M	1.04M	1.04M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	262M	267M	225M	314M	203M
Depreciation & Amortization - CF	18.49M	92.16M	82.96M	103M	108M
Amortization of Goodwill and Intangible Assets - (CF)	9.99K	10.02K	9.99K	9.99K	9.99K
Depreciation & Amortization, Total	18.5M	92.17M	82.97M	103M	108M
Amortization of Deferred Charges, Total - (CF)	2.98M	3.89M	5.06M	3.71M	3.78M
(Gain) Loss From Sale Of Asset	81	-	-	292	-935K
(Gain) Loss on Sale of Investments - (CF)	-2.71M	-1.36M	-2.99M	-2.68M	-13.46M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision and Write-off of Bad Debts	-114K	11.08K	12.9K	29.36K	15.02M
Other Operating Activities, Total	12.6M	16.46M	-2.05M	12.09M	-18.46M
Change In Accounts Receivable	-96.85K	-17.76M	18.02M	19.28M	8.14M
Change In Inventories	-51.86M	-35.64M	101M	-93.69M	-43.27M
Change In Accounts Payable	109M	15.46M	-29.15M	-85.02M	-40.08M
Change in Unearned Revenues	-	1.02M	667K	-4.12M	162K
Change in Other Net Operating Assets	-13.52M	793K	429K	-12.67M	9.24M
Cash from Operations	337M	342M	399M	255M	232M
Capital Expenditure	-8.34M	-6.84M	-3.75M	-13.63M	-20.18M
Sale of Property, Plant, and Equipment	12.62K	-	-	4K	935K
Sale (Purchase) of Intangible assets	-8.69M	-5.75M	-94.5K	-81K	-17.05M
Investment in Marketable and Equity Securities, Total	-111M	-223M	-242M	7.22M	-9.8M
Other Investing Activities, Total	2.54M	2.9M	3.59M	4.41M	5.37M
Cash from Investing	-125M	-232M	-243M	-2.08M	-40.73M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-64.16M	-53.68M	-104M	-89.44M
Total Debt Repaid	-	-64.16M	-53.68M	-104M	-89.44M
Common Dividends Paid	-132M	-117M	-103M	-131M	-105M
Common & Preferred Stock Dividends Paid	-132M	-117M	-103M	-131M	-105M
Other Financing Activities, Total	-138	-5.54M	-4.36M	-4.69M	-4.73M
Cash from Financing	-132M	-186M	-161M	-240M	-199M
Net Change in Cash	78.89M	-76.96M	-4.59M	12.85M	-7.81M
Supplemental Items
Cash Interest Paid	138	5.54M	4.36M	4.69M	4.73M
Cash Income Tax Paid (Refund)	53.59M	58.18M	71.33M	76.85M	66.22M
Levered Free Cash Flow	262M	269M	339M	179M	153M
Unlevered Free Cash Flow	262M	272M	342M	182M	156M
Change In Net Working Capital	-61.94M	25.88M	-76.84M	161M	89.32M
Net Debt Issued / Repaid	-	-64.16M	-53.68M	-104M	-89.44M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.36	12.05	8.66	11.75	7.93
Return on Total Capital	19.69	16.04	10.95	14.27	9.27
Return On Equity %	26.36	23.51	17.72	22.11	13.01
Return on Common Equity	26.36	23.51	17.72	22.11	13.01
Margin Analysis
Gross Profit Margin %	46.63	47.77	47.11	49.77	48.56
SG&A Margin	29.29	27.79	28.79	27.87	32.41
EBITDA Margin %	18.37	21.13	19.87	22.77	18.53
EBITA Margin %	17.35	20.17	18.88	22.41	17.46
EBIT Margin %	17.35	20.17	18.88	22.41	17.46
Income From Continuing Operations Margin %	14.51	15.65	14.71	17.6	13.03
Net Income Margin %	14.51	15.65	14.71	17.6	13.03
Net Avail. For Common Margin %	14.51	15.65	14.71	17.6	13.03
Normalized Net Income Margin	11.32	12.4	11.62	13.84	10.72
Levered Free Cash Flow Margin	14.52	15.78	22.14	10.04	9.79
Unlevered Free Cash Flow Margin	14.52	15.98	22.32	10.21	9.98
Asset Turnover
Asset Turnover	1.32	0.96	0.73	0.84	0.73
Fixed Assets Turnover	26.34	6.6	3.78	5.19	5.31
Receivables Turnover (Average Receivables)	15.42	13.19	11.82	16.47	16.37
Inventory Turnover (Average Inventory)	1.57	1.36	1.3	1.45	1.16
Short Term Liquidity
Current Ratio	3.14	2.75	3.26	4.14	4.75
Quick Ratio	1.58	1.49	2.11	2.47	2.73
Operating Cash Flow to Current Liabilities	0.81	0.64	0.8	0.63	0.66
Days Sales Outstanding (Average Receivables)	23.67	27.75	30.88	22.17	22.29
Days Outstanding Inventory (Average Inventory)	232	269.94	281.22	252.45	313.5
Average Days Payable Outstanding	75.92	101.05	132.84	73.45	63.53
Cash Conversion Cycle (Average Days)	179.75	196.63	179.26	201.17	272.26
Long Term Solvency
Total Debt/Equity	-	33.88	26.24	20.61	14.71
Total Debt / Total Capital	-	25.3	20.79	17.09	12.83
LT Debt/Equity	-	26.23	18.74	14.88	9.05
Long-Term Debt / Total Capital	-	19.59	14.85	12.34	7.89
Total Liabilities / Total Assets	28.8	41.76	36.51	30.01	24.47
EBIT / Interest Expense	10.71K	61.83	66.29	85.35	57.55
EBITDA / Interest Expense	11.34K	78.4	85.32	107.37	80.44
(EBITDA - Capex) / Interest Expense	11.05K	77.17	84.46	104.46	76.18
Total Debt / EBITDA	-	0.94	0.94	0.62	0.62
Net Debt / EBITDA	-1.61	-0.56	-1.56	-1.13	-1.63
Total Debt / (EBITDA - Capex)