Actually, just before you sent that, I did a quick number crunch. Working capital (at Dec 2020) was sitting at about -17.3m (I think). This equates to about -2.4% of the HY revenue (annualized). Years ago, the WC sat at close to -6% of the annual revenue, with some seasonal variation (though not much). It has been trending up over the last few years, and I think it now sits roughly where the trend would indicate.
Bottom line, WC is not only negative (which makes it easier to service on a turnaround - if that's what is happening), but it is also small (in magnitude) relative to revenues. Frankly, it's a non issue - and where it sits today poses no problem in terms of it being serviced by forthcoming revenues.
SKT Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)