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Ann: 3Q21 Business Update, page-42

  1. 506 Posts.
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    Invariably a strong AUD gets us a lot of emphasis on USD earnings, while a downtrending AUD will give us "quarter-to-quarter improvements on AUD". There's always data mining to extract the best outcome - compare to last Q? Compare to the same quarter from last year? AUD? USD? Don't even get me started on the ridiculous number of metrics that they fill their reports with ("average contest revenue in Botswana growth"), often without a label on the y axis.

    Then there was the thing where they showed adjusted revenue to account for some late payments, but failed to apply the same adjustment to the quarter that followed, with unpleasant consequences for their revenue trend the next quarter.

    Last Q they felt moved to tell us how many times all the kms travelled by Freightlancer trucks would go back and forth from the moon (!) but didn't tell us how much the division earned.
 
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