Rich Sport PCL

Rich Sport maintains a strong liquidity position with cash and equivalents of 479.8 million THB, which is significantly higher than its long-term debt of 495.1 million THB. The company's current ratio of 6.91 indicates a robust ability to meet short-term obligations. However, the company's price-to-book ratio of 0.42 suggests that the market values the company below its book value, which may reflect concerns about its profitability or future growth prospects [doc:HA-latest]. Profitability metrics for Rich Sport are weak, with a net loss of 15.8 million THB and an operating income of only 1.24 million THB. The return on equity is negative at -1%, and the return on assets is also negative at -0.72%. These figures are below the industry median for footwear companies, indicating that Rich Sport is underperforming its peers in terms of generating returns for shareholders and utilizing its assets efficiently [doc:HA-latest]. The company's revenue is primarily concentrated in Thailand and Cambodia, with distribution through department stores, retail chains, and online channels. While the company has a diverse portfolio of brands, the lack of geographic diversification could expose it to regional economic downturns or regulatory changes. The company's reliance on a few key brands may also pose a risk if consumer preferences shift or if any of these brands face supply chain disruptions [doc:HA-latest]. Rich Sport's growth trajectory appears to be stagnant, with a net loss in the latest reporting period. The company's free cash flow is negative at -52.8 million THB, which may limit its ability to invest in new opportunities or pay dividends. The company's capital expenditure of -30.9 million THB suggests that it is not significantly investing in new assets, which could hinder its long-term growth potential. Analysts have noted a last actual revenue of 967.47 million THB, which is lower than the company's reported revenue of 1.28 billion THB, indicating a possible decline in sales [doc:HA-latest]. The company faces several risk factors, including a negative net cash position after subtracting total debt, which could impact its financial flexibility. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 0.31 is relatively low, suggesting that it is not heavily leveraged. However, the negative net income and weak profitability metrics may lead to increased financial stress if the company is unable to improve its performance [doc:HA-latest]. Recent events and filings indicate that the company has not issued new shares or raised additional capital in the near term. The company's diluted shares outstanding remain unchanged at 743 million, suggesting that there is no immediate pressure for dilution. The company's financial statements and risk factors do not mention any significant upcoming events or regulatory changes that could impact its operations [doc:HA-latest].