PGC 1.15% 43.0¢ paragon care limited

Ann: FY23 Results Announcement, page-14

  1. 355 Posts.
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    Cash conversion on my numbers is less than 60% with only $17.7m in operating cashflow or $23.7m in gross operating cashflow.

    Cashflow seems way too low relative to EBITDA considering working capital (receivables + inventory - payables) actually fell by $4m which should have increased operating cashflow even further?!

    Cashflow is real, EBITDA is just an opinion.
 
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