This is interesting:
Column 1 Column 2 Column 3 0 ('000) SHJ SGH 1 WIP Current 135,809 116186 2 WIP Non Current 111,801 120954 3 Total WIP assets 247610 237140 4 Shares 173,162 69,527 5 Per share WIP assets $1.43 $3.41
As Ashley mentioned in theory Slater is also using a more conservative method of accounting for WIP. Though we might ask if Slater can realize these assets (win all these cases) with a workforce about to be downsized? Or will it need to write off some of this?
An optimist might overlook Slater's terrible stats if only looking at book.
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This is interesting: ('000)| SHJ| SGH WIP Current| 135,809|...
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