Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-29

Fair enough. I overlooked that. My bad.

So, those $525.486 prepayments (i.e. a little less than 1% of annual turnover) would have been recognised in the pertaining previous C4s as cash receipts. Right? If so, than the C4s kind of overstate the success of the company, since product has not yet been made; i.e. overstate the 'gross margin' on the C4, hence the booking as a liability in the AR.

Would I be right to assume that more than 99% of their turnover is NOT prepaid as per annual report?

But maybe, just maybe, this amount might rise in the future - April '23 will tell us. At current level - 1% -, I would deem it as irrelevant for the SP, let alone HLF's overall financial health.

All the best for your holding.