Have a look at how the company provided their adjustment. They removed the payments to merchants and calculated receivables minus expenses. You apply the same formula for year to date. There's no double dipping. The figures in the year to date column are accumulated totals. Meaning the payments to merchants figure includes the $5.2m that you're talking about.
Don't treat the payments to merchants as a loss because this money comes in as receivables at the agreed repayment timeframe with the customer less any bad debts. You should be looking at receipts minus operating expenses.
It doesn't take an accountant to work that out. For some reason it seems you're crossing over the figures from the December quarter and subtracting them from the year to date column which is incorrect. The December figures are already in the year to date. Payments to merchants is an accumulated total. It's only a temporary loss until paid back.
- Forums
- ASX - By Stock
- Ann: December 2021 Quarterly Report and Business Update
Have a look at how the company provided their adjustment. They...
-
- There are more pages in this discussion • 87 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $3.720M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $103 | 34.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 17553344 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1539491 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
45 | 17553344 | 0.003 |
17 | 21143887 | 0.002 |
18 | 49490073 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1539491 | 5 |
0.005 | 8419195 | 13 |
0.006 | 3562302 | 6 |
0.007 | 5730864 | 14 |
0.008 | 6547535 | 13 |
Last trade - 10.49am 31/07/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online