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
|
|||||
Last
$21.92 |
Change
-1.090(4.74%) |
Mkt cap ! $4.845B |
Open | High | Low | Value | Volume |
$21.65 | $22.42 | $20.98 | $82.68M | 3.785M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 124 | $21.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.99 | 1740 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7472 | 21.900 |
1 | 1424 | 21.890 |
1 | 6953 | 21.880 |
1 | 1284 | 21.870 |
1 | 1115 | 21.860 |
Price($) | Vol. | No. |
---|---|---|
21.990 | 1740 | 1 |
22.030 | 1028 | 2 |
22.050 | 2843 | 2 |
22.090 | 6953 | 2 |
22.130 | 6953 | 1 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
FLT (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online