Gulf Development Public Company Limited(TH:GULF)
฿63.25+2.00 (+3.27%)
TH:GULF
Gulf Development Public Company Limited financials statements
฿63.25
At close:+2.00 (+3.27%)
Gulf Development Public Company Limited (GULF) Ratios
Gulf Development Public Company Limited Ratios
TH:GULF's free cash flow for Q2 2026 was ฿32.17B. For the 2026 fiscal year, TH:GULF's free cash flow was decreased by ฿-4.63B and operating cash flow was ฿36.80B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Mar 25 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.03 | 1.00 | 1.11 | 1.35 | 1.11 |
| Quick Ratio | 0.99 | 0.95 | 1.06 | 1.32 | 1.07 |
| Cash Ratio | 0.48 | 0.48 | 0.59 | 0.76 | 0.57 |
| Solvency Ratio | 0.21 | 0.07 | 0.06 | 0.06 | 0.05 |
| Operating Cash Flow Ratio | 0.37 | 0.28 | 0.28 | 0.22 | 0.40 |
| Short-Term Operating Cash Flow Coverage | 0.53 | 0.35 | 0.43 | 0.38 | 0.72 |
| Net Current Asset Value | ฿ -309.15B | ฿ -270.92B | ฿ -242.72B | ฿ -212.12B | ฿ -216.35B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.47 | 0.64 | 0.62 | 0.60 | 0.62 |
| Debt-to-Equity Ratio | 1.09 | 2.55 | 2.44 | 2.26 | 2.31 |
| Debt-to-Capital Ratio | 0.52 | 0.72 | 0.71 | 0.69 | 0.70 |
| Long-Term Debt-to-Capital Ratio | 0.47 | 0.68 | 0.67 | 0.66 | 0.68 |
| Financial Leverage Ratio | 2.31 | 4.00 | 3.94 | 3.77 | 3.75 |
| Debt Service Coverage Ratio | 0.25 | 0.58 | 0.45 | 0.55 | 0.76 |
| Interest Coverage Ratio | 1.61 | 2.16 | 2.06 | 3.07 | 2.18 |
| Debt to Market Cap | 0.58 | 0.45 | 0.54 | 0.38 | 0.42 |
| Interest Debt Per Share | 25.14 | 27.94 | 25.11 | 22.01 | 19.53 |
| Net Debt to EBITDA | 16.07 | 7.19 | 10.09 | 9.68 | 10.45 |
| Profitability Margins | |||||
| Gross Profit Margin | 19.77% | 19.64% | 19.32% | 20.65% | 27.55% |
| EBIT Margin | 16.15% | 28.77% | 17.72% | 17.83% | 30.58% |
| EBITDA Margin | 20.13% | 32.55% | 21.38% | 23.20% | 41.09% |
| Operating Profit Margin | 16.15% | 19.18% | 17.72% | 24.99% | 25.75% |
| Pretax Profit Margin | 86.64% | 19.91% | 18.12% | 16.41% | 20.04% |
| Net Profit Margin | 80.90% | 15.03% | 13.03% | 12.13% | 16.16% |
| Continuous Operations Profit Margin | 85.33% | 19.34% | 17.55% | 8.27% | 13.23% |
| Net Income Per EBT | 93.37% | 75.50% | 71.87% | 73.89% | 80.62% |
| EBT Per EBIT | 536.52% | 103.79% | 102.31% | 65.68% | 77.83% |
| Return on Assets (ROA) | 10.34% | 3.66% | 3.23% | 2.73% | 2.11% |
| Return on Equity (ROE) | 23.83% | 14.63% | 12.74% | 10.31% | 7.94% |
| Return on Capital Employed (ROCE) | 2.36% | 5.46% | 5.13% | 6.42% | 3.73% |
| Return on Invested Capital (ROIC) | 2.11% | 4.69% | 4.48% | 5.42% | 3.39% |
| Return on Tangible Assets | 10.47% | 3.70% | 3.28% | 2.76% | 2.23% |
| Earnings Yield | 12.83% | 2.60% | 2.81% | 1.76% | 1.43% |
| Efficiency Ratios | |||||
| Receivables Turnover | 2.33 | 4.48 | 4.40 | 4.03 | 3.78 |
| Payables Turnover | 5.42 | 16.00 | 9.80 | 9.98 | 11.16 |
| Inventory Turnover | 21.06 | 30.55 | 31.11 | 47.87 | 26.40 |
| Fixed Asset Turnover | 0.89 | 1.27 | 1.24 | 0.90 | 0.35 |
| Asset Turnover | 0.13 | 0.24 | 0.25 | 0.23 | 0.13 |
| Working Capital Turnover Ratio | 72.53 | 35.04 | 8.96 | 8.49 | 21.07 |
| Cash Conversion Cycle | 106.63 | 70.64 | 57.44 | 61.57 | 77.72 |
| Days of Sales Outstanding | 156.67 | 81.50 | 82.95 | 90.51 | 96.59 |
| Days of Inventory Outstanding | 17.33 | 11.95 | 11.73 | 7.62 | 13.83 |
| Days of Payables Outstanding | 67.37 | 22.81 | 37.25 | 36.56 | 32.70 |
| Operating Cycle | 174.00 | 93.45 | 94.69 | 98.13 | 110.42 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.35 | 1.69 | 1.56 | 0.96 | 1.19 |
| Free Cash Flow Per Share | 1.41 | -0.73 | -0.16 | -0.54 | -0.70 |
| Dividend Paid and CapEx Coverage Ratio | 1.20 | 0.51 | 0.67 | 0.50 | 0.53 |
| Capital Expenditure Coverage Ratio | 2.50 | 0.70 | 0.91 | 0.64 | 0.63 |
| Operating Cash Flow Coverage Ratio | 0.10 | 0.06 | 0.06 | 0.05 | 0.06 |
| Operating Cash Flow to Sales Ratio | 0.35 | 0.16 | 0.16 | 0.12 | 0.30 |
| Free Cash Flow Yield | 3.37% | -1.22% | -0.36% | -0.97% | -1.52% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 7.80 | 38.39 | 35.43 | 56.96 | 70.38 |
| Price-to-Sales (P/S) Ratio | 6.31 | 5.77 | 4.63 | 6.89 | 11.31 |
| Price-to-Book (P/B) Ratio | 1.86 | 5.62 | 4.53 | 5.85 | 5.56 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 29.66 | -82.05 | -277.11 | -103.20 | -65.61 |
| Price-to-Operating Cash Flow Ratio | 17.79 | 35.23 | 28.86 | 57.48 | 38.30 |
| Price-to-Earnings Growth (PEG) Ratio | 0.03 | 1.74 | 1.15 | 1.16 | 4.38 |
| Enterprise Value Multiple | 47.40 | 24.93 | 31.74 | 39.35 | 37.97 |
| Enterprise Value | 943.64B | 981.07B | 774.12B | 859.62B | 740.50B |
| EV to EBITDA | 47.40 | 24.93 | 31.74 | 39.35 | 37.97 |
| EV to Sales | 9.54 | 8.12 | 6.79 | 9.13 | 15.60 |
| EV to Free Cash Flow | 44.87 | -115.30 | -406.29 | -136.85 | -90.51 |
| EV to Operating Cash Flow | 26.91 | 49.51 | 42.31 | 76.22 | 52.84 |
| Tangible Book Value Per Share | 23.83 | 12.64 | 11.77 | 11.24 | 7.55 |
| Shareholders’ Equity Per Share | 22.47 | 10.58 | 9.94 | 9.44 | 8.23 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.02 | 0.03 | 0.03 | 0.09 | 0.04 |
| Revenue Per Share | 6.62 | 10.30 | 9.72 | 8.02 | 4.05 |
| Net Income Per Share | 5.35 | 1.55 | 1.27 | 0.97 | 0.65 |
| Tax Burden | 0.93 | 0.75 | 0.72 | 0.74 | 0.81 |
| Interest Burden | 5.37 | 0.69 | 1.02 | 0.92 | 0.66 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.04 | 0.03 | 0.03 | 0.03 | 0.05 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 0.44 | 0.85 | 1.23 | 0.80 | 1.53 |
Currency in THB
