Cash flow Inoue Rubber (Thailand)

Stocks

IRC

TH0437010Z04

Tires & Rubber Products

End-of-day quote Thailand S.E. 14/08/2026			5-day change	1st Jan Change
12.20 ^THB	-0.81%		+0.83%	+3.39%

05-14	Inoue Rubber Thailand passes resolution to approve transaction for providing professional services and other services	RE
05-14	Inoue Rubber Public Company Limited Announces Board Changes	CI

5e63375fb.iNHjjTn7Jz5gocIQaTcC3EkZyFknAfN2LvD2rEPBi5Y.zYmkyFyPcnJN5qNPEXtOjjFhvgBQY6EOFqi4yAH4-vi-laa7FKtieRfyiw

Published financial data: INOUE RUBBER (THAILAND)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	5.3B	5.88B	5.42B	4.58B	4.62B
Gain (Loss) on Sale of Assets, Total (Rev)	-	-	-	1.69M	268K
Other Revenues, Total	52.15M	54.75M	59.75M	29.62M	28.89M
Total Revenues	5.35B	5.94B	5.48B	4.61B	4.65B
Cost of Goods Sold, Total	4.58B	5.44B	4.93B	4.03B	4.06B
Gross Profit	772M	495M	550M	581M	589M
Selling General & Admin Expenses, Total	353M	365M	358M	386M	382M
Other Operating Expenses, Total	353M	365M	358M	386M	382M
Operating Income	419M	130M	192M	195M	207M
Interest Expense, Total	-60.45K	-49.71K	-39.12K	-27.87K	-15.92K
Interest And Investment Income	21.56M	13.18M	-	181M	35.18M
Net Interest Expenses	21.5M	13.13M	-39.12K	181M	35.17M
Currency Exchange Gains (Loss)	-	-	-	2.8M	7.89M
Other Non Operating Income (Expenses)	-19.26M	-20.55M	-21.82M	-16.74M	-20.97M
EBT, Excl. Unusual Items	421M	122M	170M	362M	229M
Gain (Loss) On Sale Of Investments	-	-	-56.56K	191K	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	421M	122M	170M	362M	229M
Income Tax Expense	80.97M	12.39M	10.33M	50.82M	45.24M
Earnings From Continuing Operations	340M	110M	160M	312M	184M
Net Income to Company	340M	110M	160M	312M	184M
Minority Interest	-256	-20	-101	249	1.18K
Net Income - (IS)	340M	110M	160M	312M	184M
Net Income to Common Incl Extra Items	340M	110M	160M	312M	184M
Net Income to Common Excl. Extra Items	340M	110M	160M	312M	184M
Per Share Items
Net EPS - Basic	1.77	0.57	0.83	1.62	0.96
Basic EPS - Continuing Operations	1.77	0.57	0.83	1.62	0.96
Basic Weighted Average Shares Outstanding	192M	192M	192M	192M	192M
Net EPS - Diluted	1.77	0.57	0.83	1.62	0.96
Diluted EPS - Continuing Operations	1.77	0.57	0.83	1.62	0.96
Diluted Weighted Average Shares Outstanding	192M	192M	192M	192M	192M
Normalized Basic EPS	1.37	0.4	0.55	1.18	0.75
Normalized Diluted EPS	1.37	0.4	0.55	1.18	0.75
Dividend Per Share	0.88	0.29	0.42	0.87	0.49
Payout Ratio	32.21	154.64	35.01	25.78	90.55
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	771M	482M	527M	503M	504M
EBITA	419M	130M	192M	195M	207M
EBIT	419M	130M	192M	195M	207M
EBITDAR	773M	485M	529M	506M	507M
Total Revenues (As Reported)	5.37B	5.95B	5.48B	4.8B	4.69B
Effective Tax Rate - (Ratio)	19.23	10.13	6.07	14.03	19.71
Total Current Taxes	87.83M	19.1M	16.64M	52.41M	51.34M
Total Deferred Taxes	-6.85M	-6.72M	-6.31M	-1.6M	-6.1M
Normalized Net Income	263M	76.45M	106M	226M	143M
Interest on Long-Term Debt	60.45K	49.71K	39.12K	27.87K	15.92K
Non-Cash Pension Expense	5.66M	5.98M	7.64M	7.77M	8.21M
Supplemental Operating Expense Items
Advertising Expense	17.56M	15.54M	21.01M	32.69M	24.75M
Selling and Marketing Expenses	93.35M	97.77M	100M	108M	101M
General and Administrative Expenses	260M	268M	258M	278M	281M
Net Rental Expense, Total	1.25M	2.95M	2.9M	2.78M	2.93M
Imputed Operating Lease Interest Expense	-	1.33M	1.29M	1.2M	1.17M
Imputed Operating Lease Depreciation	-	1.62M	1.61M	1.58M	1.76M
Maintenance & Repair Expenses, Total	101M	118M	112M	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1B	897M	1.15B	687M	823M
Short Term Investments	217M	444M	566M	1.42B	1.22B
Total Cash And Short Term Investments	1.22B	1.34B	1.71B	2.11B	2.04B
Accounts Receivable, Total	876M	1.03B	848M	719M	761M
Other Receivables	1.83M	2.02M	3.78M	13.05M	7.35M
Total Receivables	878M	1.03B	852M	732M	769M
Inventory	790M	838M	642M	633M	645M
Prepaid Expenses	6.68M	15.3M	11.01M	37.75M	8.29M
Other Current Assets, Total	12.01M	7.82M	5.68M	8.84M	5.87M
Total Current Assets	2.91B	3.23B	3.22B	3.52B	3.47B
Gross Property Plant And Equipment	6.71B	6.93B	7.08B	7.15B	7.07B
Accumulated Depreciation	-5.01B	-5.29B	-5.56B	-5.69B	-5.69B
Net Property Plant And Equipment	1.69B	1.64B	1.52B	1.46B	1.39B
Long-term Investments	550M	235M	108M	123M	286M
Other Intangibles, Total	44.87M	49.09M	39.6M	36.14M	31.4M
Deferred Tax Assets Long-Term	44.25M	51.98M	59.53M	57.71M	77.53M
Other Long-Term Assets, Total	56.44M	66.37M	78.59M	82.4M	59.74M
Total Assets	5.3B	5.27B	5.03B	5.28B	5.31B
Liabilities
Accounts Payable, Total	836M	907M	639M	512M	530M
Accrued Expenses, Total	129M	153M	96.71M	128M	158M
Current Portion of Leases	217K	217K	217K	215K	217K
Current Income Taxes Payable	20.08M	1.92M	5.99M	35.29M	26.29M
Unearned Revenue Current, Total	2.08M	2.98M	1.9M	1.65M	2.61M
Other Current Liabilities	63.32M	87.86M	60.42M	123M	104M
Total Current Liabilities	1.05B	1.15B	804M	800M	821M
Long-Term Leases	748K	577K	396K	205K	-
Pension & Other Post Retirement Benefits	350M	286M	297M	306M	354M
Deferred Tax Liability Non Current	280K	703K	315K	-	-
Other Non Current Liabilities	-	-	956K	851K	856K
Total Liabilities	1.4B	1.44B	1.1B	1.11B	1.18B
Common Stock, Total	200M	200M	192M	192M	192M
Additional Paid In Capital	298M	298M	298M	298M	298M
Retained Earnings	3.46B	3.4B	3.4B	3.63B	3.65B
Treasury Stock	-114M	-114M	-	-	-
Comprehensive Income and Other	49.02M	46.65M	40.11M	52.51M	-2.32M
Total Common Equity	3.89B	3.83B	3.93B	4.17B	4.14B
Minority Interest	4.64K	4.59K	4.43K	3.62K	2.41K
Total Equity	3.89B	3.83B	3.93B	4.17B	4.14B
Total Liabilities And Equity	5.3B	5.27B	5.03B	5.28B	5.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	192M	192M	192M	197M	192M
ECS Total Common Shares Outstanding	192M	192M	192M	197M	192M
Book Value / Share	20.26	19.94	20.44	21.16	21.52
Tangible Book Value	3.85B	3.78B	3.89B	4.14B	4.1B
Tangible Book Value Per Share	20.03	19.68	20.24	20.98	21.35
Total Debt	964K	794K	613K	421K	217K
Net Debt	-1.22B	-1.34B	-1.71B	-2.11B	-2.04B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	9.99M	23.59M	23.19M	22.22M	23.42M
Minority Interest, Total (Incl. Fin. Div)	4.64K	4.59K	4.43K	3.62K	2.41K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	464M	497M	325M	306M	345M
Inventories - Work In Process, Total	143M	146M	140M	152M	139M
Inventories - Finished Goods, Total	140M	154M	139M	142M	129M
Inventories - Others	47.31M	46.4M	42.6M	37.72M	37.38M
Land - (BS)	214M	215M	215M	218M	242M
Buildings, Total	990M	1.01B	1.03B	1.04B	1.08B
Machinery, Total	5.42B	5.62B	5.7B	5.73B	5.62B
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	340M	110M	160M	312M	184M
Depreciation & Amortization - CF	353M	353M	335M	308M	297M
Depreciation & Amortization, Total	353M	353M	335M	308M	297M
Amortization of Deferred Charges, Total - (CF)	8.39M	8.24M	8.12M	8.56M	7.83M
(Gain) Loss From Sale Of Asset	-	-	-754K	-	-
(Gain) Loss on Sale of Investments - (CF)	130K	1.61M	56.56K	-191K	-
Asset Writedown & Restructuring Costs	210K	1.66M	341K	5.11M	6.87M
Provision and Write-off of Bad Debts	-	-	-	-	2.62M
Other Operating Activities, Total	11.98M	-3.74M	26.85M	-97.03M	9.31M
Change In Accounts Receivable	-65.36M	-162M	183M	94.91M	-7.77M
Change In Inventories	-330M	-50.69M	193M	5.36M	-13.55M
Change In Accounts Payable	315M	106M	-333M	-43.5M	27.09M
Change in Other Net Operating Assets	-22.75M	-23.45M	-35.27M	-38.17M	8.3M
Cash from Operations	610M	340M	536M	554M	522M
Capital Expenditure	-226M	-283M	-232M	-242M	-241M
Sale of Property, Plant, and Equipment	4.28M	3.86M	4.8M	5.83M	12.97M
Sale (Purchase) of Intangible assets	-2.89M	-12.46M	-2.24M	-5.1M	-2.49M
Investment in Marketable and Equity Securities, Total	-198M	2.41M	-1.68M	-837M	11.39M
Other Investing Activities, Total	21.56M	13.18M	-	146M	-
Cash from Investing	-402M	-276M	-231M	-932M	-220M
Long-Term Debt Repaid, Total	-220K	-163K	-173K	-184K	-195K
Total Debt Repaid	-220K	-163K	-173K	-184K	-195K
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-110M	-170M	-55.93M	-80.3M	-167M
Common & Preferred Stock Dividends Paid	-110M	-170M	-55.93M	-80.3M	-167M
Other Financing Activities, Total	-392	-247	-259	-553	-30
Cash from Financing	-110M	-170M	-56.11M	-80.49M	-167M
Net Change in Cash	98.22M	-106M	249M	-459M	135M
Supplemental Items
Cash Interest Paid	-	57.3K	47.18K	36.43K	25.01K
Cash Income Tax Paid (Refund)	77.9M	34.89M	12.59M	22.67M	60.14M
Levered Free Cash Flow	328M	41.7M	262M	287M	195M
Unlevered Free Cash Flow	328M	41.73M	262M	287M	195M
Change In Net Working Capital	65.37M	104M	-34.04M	-95.1M	-4.96M
Net Debt Issued / Repaid	-220K	-163K	-173K	-184K	-195K

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.3	1.53	2.33	2.37	2.45
Return on Total Capital	7.03	2.1	3.09	3.01	3.12
Return On Equity %	9.14	2.85	4.12	7.69	4.44
Return on Common Equity	9.14	2.85	4.12	7.69	4.44
Margin Analysis
Gross Profit Margin %	14.43	8.34	10.05	12.6	12.68
SG&A Margin	6.6	6.15	6.54	8.36	8.22
EBITDA Margin %	14.42	8.12	9.61	10.9	10.84
EBITA Margin %	7.83	2.18	3.51	4.24	4.46
EBIT Margin %	7.83	2.18	3.51	4.24	4.46
Income From Continuing Operations Margin %	6.36	1.85	2.92	6.75	3.96
Net Income Margin %	6.36	1.85	2.92	6.75	3.96
Net Avail. For Common Margin %	6.36	1.85	2.92	6.75	3.96
Normalized Net Income Margin	4.92	1.29	1.94	4.91	3.08
Levered Free Cash Flow Margin	6.14	0.7	4.79	6.22	4.2
Unlevered Free Cash Flow Margin	6.14	0.7	4.79	6.22	4.2
Asset Turnover
Asset Turnover	1.08	1.12	1.06	0.89	0.88
Fixed Assets Turnover	3.05	3.57	3.47	3.09	3.27
Receivables Turnover (Average Receivables)	6.28	6.17	5.77	5.84	6.24
Inventory Turnover (Average Inventory)	7.33	6.69	6.66	6.33	6.36
Short Term Liquidity
Current Ratio	2.77	2.8	4.01	4.4	4.23
Quick Ratio	2	2.06	3.19	3.55	3.42
Operating Cash Flow to Current Liabilities	0.58	0.3	0.67	0.69	0.64
Days Sales Outstanding (Average Receivables)	58.12	59.12	63.29	62.63	58.48
Days Outstanding Inventory (Average Inventory)	49.81	54.59	54.82	57.85	57.4
Average Days Payable Outstanding	50.64	57.92	59.66	52.38	46.7
Cash Conversion Cycle (Average Days)	57.29	55.79	58.46	68.1	69.18
Long Term Solvency
Total Debt/Equity	0.02	0.02	0.02	0.01	0.01
Total Debt / Total Capital	0.02	0.02	0.02	0.01	0.01
LT Debt/Equity	0.02	0.02	0.01	0	-
Long-Term Debt / Total Capital	0.02	0.02	0.01	0	-
Total Liabilities / Total Assets	26.46	27.32	21.92	20.97	22.14
EBIT / Interest Expense	6.93K	2.61K	4.91K	7.01K	13.03K
EBITDA / Interest Expense	12.76K	9.7K	13.47K	18.05K	31.68K
(EBITDA - Capex) / Interest Expense	9.02K	4K	7.53K	9.38K	16.51K
Total Debt / EBITDA	0	0	0	0	0
Net Debt / EBITDA	-1.58	-2.78	-3.25	-4.19	-4.05
Total Debt / (EBITDA - Capex)	0	0	0	0	0
Net Debt / (EBITDA - Capex)	-2.24	-6.73	-5.81	-8.06	-7.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.26	11	-7.76	-15.49	0.82
Gross Profit, 1 Yr. Growth %	26	-35.87	11.15	9.54	1.43
EBITDA, 1 Yr. Growth %	27.32	-37.49	9.2	-0.75	0.22
EBITA, 1 Yr. Growth %	59.2	-69.02	47.99	13.45	6.18
EBIT, 1 Yr. Growth %	59.2	-69.02	47.99	13.45	6.18
Earnings From Cont. Operations, 1 Yr. Growth %	55.22	-67.67	45.32	94.97	-40.85
Net Income, 1 Yr. Growth %	55.22	-67.67	45.32	94.97	-40.85
Normalized Net Income, 1 Yr. Growth %	59.28	-70.94	37.28	112.83	-36.63
Diluted EPS Before Extra, 1 Yr. Growth %	58.03	-67.67	45.32	94.97	-40.85
Accounts Receivable, 1 Yr. Growth %	7.91	17.64	-17.64	-15.23	5.85
Inventory, 1 Yr. Growth %	71.91	6.13	-23.45	-1.42	1.91
Net Property, Plant and Equip., 1 Yr. Growth %	-6.81	-3.46	-6.82	-4.06	-5.16
Total Assets, 1 Yr. Growth %	15.4	-0.43	-4.55	4.92	0.59
Tangible Book Value, 1 Yr. Growth %	10.03	-1.73	2.82	6.35	-0.79
Common Equity, 1 Yr. Growth %	9.73	-1.6	2.54	6.2	-0.9
Cash From Operations, 1 Yr. Growth %	5.08	-44.18	57.51	3.36	-5.87
Capital Expenditures, 1 Yr. Growth %	-42.5	25.13	-18.05	4.04	-0.05
Levered Free Cash Flow, 1 Yr. Growth %	174.24	-87.3	529.41	14.7	-31.92
Unlevered Free Cash Flow, 1 Yr. Growth %	174.27	-87.29	529	14.7	-31.92
Dividend Per Share, 1 Yr. Growth %	55.2	-67.1	43.57	107.75	-43.2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.21	16.01	1.18	-11.87	-7.69
Gross Profit, 2 Yr. CAGR %	11.99	-10.11	-15.57	8.34	5.41
EBITDA, 2 Yr. CAGR %	20.92	-10.79	-17.38	2.12	-0.26
EBITA, 2 Yr. CAGR %	39.54	-29.77	-32.29	22.7	9.76
EBIT, 2 Yr. CAGR %	39.54	-29.77	-32.29	22.7	9.76
Earnings From Cont. Operations, 2 Yr. CAGR %	42.89	-29.16	-31.45	68.33	7.39
Net Income, 2 Yr. CAGR %	42.89	-29.16	-31.45	68.33	7.39
Normalized Net Income, 2 Yr. CAGR %	46.21	-31.97	-36.43	70.93	16.14
Diluted EPS Before Extra, 2 Yr. CAGR %	45.76	-28.52	-31.45	68.33	7.39
Accounts Receivable, 2 Yr. CAGR %	-6.6	12.67	-1.57	-16.44	-5.27
Inventory, 2 Yr. CAGR %	17.91	35.08	-9.86	-13.13	0.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.09	-5.15	-5.16	-5.45	-4.61
Total Assets, 2 Yr. CAGR %	4.5	7.19	-2.51	0.07	2.73
Tangible Book Value, 2 Yr. CAGR %	4.3	3.98	0.52	4.57	2.72
Common Equity, 2 Yr. CAGR %	4.28	3.91	0.45	4.35	2.59
Cash From Operations, 2 Yr. CAGR %	25.11	-23.42	-6.23	27.6	-1.36
Capital Expenditures, 2 Yr. CAGR %	-28.04	-15.17	1.27	-7.66	1.98
Levered Free Cash Flow, 2 Yr. CAGR %	34.23	-40.98	-10.58	162.27	-11.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	34.24	-40.96	-10.59	162.18	-11.63
Dividend Per Share, 2 Yr. CAGR %	45.74	-28.54	-31.27	72.71	8.63
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.6	2.7	7.48	-4.83	-7.83
Gross Profit, 3 Yr. CAGR %	-2.21	-7	-3.52	-9.04	5.99
EBITDA, 3 Yr. CAGR %	1.16	-2.96	-4.57	-13.29	1.49
EBITA, 3 Yr. CAGR %	-2.35	-15.5	-9.96	-22.45	16.93
EBIT, 3 Yr. CAGR %	-2.35	-15.5	-9.96	-22.45	16.93
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.76	-12.93	-9.99	-2.88	18.78
Net Income, 3 Yr. CAGR %	-1.76	-12.93	-9.99	-2.88	18.78
Normalized Net Income, 3 Yr. CAGR %	-0.89	-14.68	-13.66	-4.9	22.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.45	-11.77	-9.45	-2.88	18.78
Accounts Receivable, 3 Yr. CAGR %	-4.08	0.87	1.5	-6.35	-9.59
Inventory, 3 Yr. CAGR %	7.19	13.85	11.78	-7.13	-8.38
Net Property, Plant and Equip., 3 Yr. CAGR %	-1.09	-3.22	-5.71	-4.79	-5.36
Total Assets, 3 Yr. CAGR %	1.54	2.83	3.13	-0.1	0.25
Tangible Book Value, 3 Yr. CAGR %	2.61	2.25	3.6	2.43	2.75
Common Equity, 3 Yr. CAGR %	2.69	2.28	3.45	2.33	2.57
Cash From Operations, 3 Yr. CAGR %	-3.29	-4.4	-2.61	-3.14	15.29
Capital Expenditures, 3 Yr. CAGR %	-18.63	-13.46	-16.14	2.18	-5.19
Levered Free Cash Flow, 3 Yr. CAGR %	6.59	-38.83	29.91	-4.4	67.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.59	-38.82	29.92	-4.4	67.26
Dividend Per Share, 3 Yr. CAGR %	-0.45	-11.26	-9.83	-0.63	19.21
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.35	2.35	-0.49	-3.39	1.06
Gross Profit, 5 Yr. CAGR %	-4.54	-9.59	-7.79	-1.15	-0.77
EBITDA, 5 Yr. CAGR %	-4.58	-9.52	-6.71	-0.95	-3.61
EBITA, 5 Yr. CAGR %	-8.47	-23.17	-15.65	-1.91	-4.64
EBIT, 5 Yr. CAGR %	-8.47	-23.17	-15.65	-1.91	-4.64
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.92	-23.65	-14.93	13.34	-3.4
Net Income, 5 Yr. CAGR %	-7.92	-23.65	-14.93	13.34	-3.4
Normalized Net Income, 5 Yr. CAGR %	-7.59	-24.84	-17.02	12.96	-2.79
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.18	-23.04	-14.25	14.25	-3.05
Accounts Receivable, 5 Yr. CAGR %	0.04	0.27	-3.08	-6.45	-1.27
Inventory, 5 Yr. CAGR %	11.68	10.67	0.01	2.17	7.01
Net Property, Plant and Equip., 5 Yr. CAGR %	1.15	0.38	-2.74	-4.12	-5.27
Total Assets, 5 Yr. CAGR %	4.39	2.62	-0.1	1.72	2.97
Tangible Book Value, 5 Yr. CAGR %	4	2.27	1.77	3.17	3.24
Common Equity, 5 Yr. CAGR %	4	2.32	1.79	3.11	3.11
Cash From Operations, 5 Yr. CAGR %	-8.34	-11.77	-4.48	7.3	-2.11
Capital Expenditures, 5 Yr. CAGR %	-4.68	-2.28	-11.19	-11.19	-9.32
Levered Free Cash Flow, 5 Yr. CAGR %	-8.73	-30.19	-0.64	9.5	10.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.76	-30.2	-0.64	9.5	10.28
Dividend Per Share, 5 Yr. CAGR %	-2.95	-19.25	-14.16	15.82	-2.86