XPD
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0.00% 1.3¢ xpd soccer gear group limited

From the accounts a significant item is the very high level of...

  1. Bustus
    569 Posts.
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    02/04/19
    04:27
    Post #: 37957994
    From the accounts a significant item is the very high level of trade receivables $43m. The annual sales were $89m. Hopefully this can all be collected with minimal bad debts.

    With the growth in online sales where payment is received on shipment why is there such a high receivables balance?

    By improving the debt collection rates the bank balance will only increase..

    It looks like the company needs a CFO to help improve the companies financial performance. The debtor balance is too high.
    XPD Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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