SHL 6.83% $27.99 sonic healthcare limited

Ann: Half Yearly Report and Accounts, page-16

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  1. 17,063 Posts.
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    "I assumed the NPAT/EBITDA ratio for H1FY24 and H2FY24 will be the same."

    That's flawed financial logic.


    "Are you saying that NPAT/EBITDA ratio will be higher in the second half vs first half?"

    Yes, obviously.

    Due to operating and financial leverage; the items in the P&L between EBITDA and NPAT (i.e., D&A and Interest Expense) don't all also increase by a factor of 2.3x between DH2023 and JH2024.

    .
 
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