You don't understand the model trivedi07 - they operate on negative working capital. They get paid for the goods before they pay suppliers for the goods. As they grow their sales, their trade creditors grows quicker than their receivables - they don't hold inventory - its a beautiful thing.
Ann: H1 FY23 Results Presentation, page-13
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Last
$1.06 |
Change
-0.270(20.3%) |
Mkt cap ! $404.1M | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.26 | $1.06 | $16.73M | 14.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 74743 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 17000 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| CTT (ASX) Chart |