I don't think we'll see the 4C until after market close this Friday.
IMO the remaining prepaid inventory is sold into this quarter reducing the cost of goods sold, increasing gross profit margins on paper.
Prepaid inventory has already been accounted as an expense in previous quarters. Possibly these costs are overlooked in the 4C if inventory is sold into the current quarter puffing the June quarter margins.
As of December 2020 prepaid inventory was $579,982
EN1 has ceased purchases of prepaid inventory since December quarterly 2020.
All in my opinion of course DYOR
- Forums
- ASX - By Stock
- CTV
- EN1 Renaissance
EN1 Renaissance, page-50
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)