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Craig who?

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mallcop

278 Posts.

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21/07/21

10:34

Post #: 54652674
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Originally posted by scherobi: ↑

IMO - the sanitizer sales is why Tony's perf options target was set to $38m for FY21

just a reminder that the Quarterly Reports are not accrual accounting financial statements and that means that Creditor payment terms are at play because be that 30 or 60 or 90 days those sales still within payment terms aren't reported as "Receipts from Customers"

So the YTD reported figures has both beginning of that period May / June 2020 and the Feb / March 2021 with likely payment lag effects. and also there were price increases that came into effect as of September 2020.

Whilst it is a rolling beast, in this case I think there's also a flush through effect too and a second quarterly without any of that effect should be interesting.

Anyway, we're about a week away from that being announced, hopefully Craig takes the opportunity to report some supporting information a lot more along the lines and standard becoming of a Finance package and not those dot point statements on letter head.

But we'll see I guess.

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Craig who?

FOD Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
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