Nothing to do with ALC....Just for pure accounting purposes @composer
# "Adjusted Free cash flow"
Free cash flow is surplus to the company's needs & can be used for any purpose like returning cash to shareholders.....This is not the case because there more than corresponding increase in deferred revenues to the tune of $3.77m which is even higher than the business total cash holding, let alone its "free cash flow".
# You adjusted/removed the equity component from current liabilities which is not correct......Equity has a cost to the business often higher than the cost of debt......A quick read about WACC will explain.
I am not an accountant btw & could be wrong.
I'll butt out of this forum......I was merely responding to a poster's request looking for explanation of the market's reaction to the quarterly & I had previously looked at ALC & thought to share.
Completely neutral......Not for or against ALC.....Sincerely hope that it will be a huge success story.
Cheerio.
Ann: Appendix 4C - quarterly, page-93
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Last
6.9¢ |
Change
0.013(23.2%) |
Mkt cap ! $92.63M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 7.1¢ | 5.5¢ | $570.3K | 8.840M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 100394 | 6.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 6.9¢ | 50000 | 1 |
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| Last trade - 15.59pm 03/05/2024 (20 minute delay) ? |
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6.5¢ |
Change
0.013 ( 16.1 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 7.1¢ | 5.5¢ | 2505773 | ||
| Last updated 15.54pm 03/05/2024 ? | |||||
| ALC (ASX) Chart |