Page 82 - ACC One Report 2567-En

Statement of cash flows of the company and its subsidiaries for the year ended 31 December 2024, the company used such cash in the following activities;
The company had operating profit before changes in assets and liabilities of 88.80 million baht and paid net assets and liabilities from operating activities of 36.54 million baht, with changes in cash flow as follows
1. The company's net cash used in operating activities totaled 33.95 million baht, increase of 174.67 million baht from the same period of prior year.
2. The company had net cash used in investing activities in the amount of 166.15 million baht, due to the Company lends to related persons and the capital increase in a subsidiary company in the amount of 340.00 million baht.
3. The company's net cash used in financing activities in the amount of 112.34 million baht, due to the Company issued additional shares in the amount of 56.89 million baht and cash received from the sold of a subsidiary company in the amount of 40.15 million baht.
Current assets to current liabilities
As of 31 December 2024 and 31 December 2023, the company's liquidity ratio was 0.92 times and 10.44 times, respectively. And the quick ratio was 0.83 times and 8.15 times, respectively. However, at the end of 2024, the Company's liquidity ratio and quick ratio decreased due to Because the company has cash paid from investment in the amount of 166.15 million baht.
Debt to Equity
On 31 December 2024, the Company's debt to equity ratio was 1.36 times while the same period of prior year the debt to equity ratio was 0.12 times due to the increase of account payable from the recognition of the financial statements of RTS (2003) Company Limited, a subsidiary company
Gross profit
Gross profit margin in 2024, the company had a gross profit of 32.19%, but in the same period prior year the company's gross profit was 15.70%, gross profit increased 16.49 % due to the rental business of the new subsidiary company, which began recognizing revenue on December 12, 2024, the trading business, and the lending business had increased gross profit.
Net profit to total assets ratio
Net profit to total assets ratio in 2024 was -6.12 %, but in the same period of prior year, net profit to total assets ratio was 9.79, net profit to total assets ratio decreased by 3.66% due to total assets increased.
Company's capital structure
Capital structure of the company as of 31 December 2024 and 31 December 2023, the company's debt to equity ratio was 1.36 times and 0.12 times, respectively. In 2024, the Company's debt to equity ratio increased. Since the company has increased its use of loans from financial institutions.
From the debt-to-equity ratio mentioned above. It can be seen that the company still has a good capital structure and financial position. This is because the funds used for investment and internal management come from shareholders' equity and the company's leverage remains at a reasonable level. The company does not have a policy to incur debt more than necessary in order to hedge the organization's financial risks and to prevent crisis that may occur to the group company. These factors will help the business to have good performance leading to increase the value of the business and sustainable survival. The company has determined the capital structure of the company not more than 2.5 times which will be a financial tool for the management to support the impact of the country's economic volatility as well.
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
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