Those are some tough numbers for another full year. From this 4c… $21.7m cash loss from operating activities for the 20/21 year from $26.8m in cash receipts. Last years 4c for full 19/20 it was an $8.7m operating loss from $32.2m cash receipts. Lower receipts, bigger cash loss when comparing this year to last.
The 4c is purely based on actual cash received or spent so it’s an excellent indicator of what a company is doing with the cash it has and one way to judge a company’s health. It’s part of the bigger picture and a good disclosure to sit alongside management graphs and commentary
This will of course differ from the official financials released by a company which are typically on an accrual basis and also include forward sales and non cash items like depreciation or changes in goodwill. From memory BUD produced a total loss in 19/20 of about $45m. It’ll be interesting to see what looks like for 20/21.
BUD Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
