Perfect thank you!
From what I gathered contract assets, largely made up of volume incentive receivables are forecasted, i.e. they may not materialise if customers cancel their flights. This will be reflected in a larger loss allowance as the contra account. Thus, I conservatively discounted it from my calculation given these are unprecedented times.
You’re welcome.
I see your point with regard to volume incentives receivables, which represent ~22% of Total Current Assets.
On the other hand, most flight cancellations (unless contracted otherwise) would entail cash inflows from cancellation fees, for which there isn’t a “probability-weighted” receivable in the Balance Sheet.
So, I would expect the two things to offset one another to some extent, from a cash perspective.
Cheers
- Forums
- ASX - By Stock
- FLT
- Favorite Stock to Short
Favorite Stock to Short, page-282
-
-
- There are more pages in this discussion • 200 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLT (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.74 |
Change
0.410(2.12%) |
Mkt cap ! $4.352B |
Open | High | Low | Value | Volume |
$19.76 | $20.06 | $19.32 | $31.38M | 1.590M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 1651 | $19.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.74 | 309 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 888 | 19.730 |
6 | 923 | 19.720 |
13 | 1896 | 19.710 |
14 | 13657 | 19.700 |
4 | 1230 | 19.690 |
Price($) | Vol. | No. |
---|---|---|
19.750 | 513 | 11 |
19.760 | 1301 | 6 |
19.770 | 1820 | 10 |
19.780 | 1019 | 7 |
19.790 | 986 | 8 |
Last trade - 13.34pm 28/08/2024 (20 minute delay) ? |
Featured News
FLT (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
SPONSORED BY The Market Online