Page 79 - ACC One Report 2567-En

Management Discussion and Analysis: MD&A
Operating result
Key financial ratios
Revenue structure
Unit: Thousand Baht
13
Items
2024
2023
2022
Total revenue
129,544
152,369
43,396
Net income (loss)
(82,902)
(81,690)
161,837
Current assets to current liabilities (times)
0.92
10.44
18.89
Debt to equity (times)
1.36
0.12
0.09
Return on equity (%)
(10.72)
(11.73)
27.32
Return on sales (%)
(69.72)
(49.83)
427.68
Return on total income (%)
(66.25)
(47.25)
397.23
Unit: Thousand Baht
List
Consolidated Financial Statement (verify) Yearly, as on 31 December
2024
Percent
2023
Percent
2022
Percent
1. Renting property
4,885
3.77
-
-
-
-
2. Revenue from renewable energy
19,856
15.33
999
0.66
1,094
2.52
3. Revenue from financing
35,196
27.17
21,641
14.20
6,563
15.12
4. Contracted construction
25,146
19.41
23,500
15.42
14,360
33.09
5. Cannabis and hemp
1,438
1.11
3,538
2.32
478
1.10
6. Revenue from distribution
35,728
27.58
93,754
61.53
17,141
39.50
7. Other revenues
6,408
4.95
7,834
5.14
3,039
7.00
8. Financial revenues
887
0.68
1,103
0.72
721
1.66
Total revenues from sale of products and services
129,544
100.00
152,369
100.00
43,396
100.00
In the fiscal year ended December 31, 2024 and December 31, 2023, the company had total income of 129.54 million baht and 152.67 million baht respectively. Decrease of 22.83 million baht or decrease 14.98 from the same period of prior year due to;
• Revenue from renewable energy in amount of 19.86 million baht, increase of 18.86 million baht or increase 8.68% from the same period of prior year due to the Company expanded the business of Private PPA.
• Construction revenue in amount of 25.15 million baht, increase of 1.65 million baht or increase 7% from
the same period of prior year due to realize more construction revenue
• Lending revenue amount of 35.20 million baht, increased from the same period of prior year in the amount
of 13.56 million baht or increase 62.64 from the Company has increased in lending business.
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
79