RFX redflow limited

0.00%

9.7¢

Have a read of all ofI'm not an accountant either but it seems...

First 3 Last

Treed

4,005 Posts.

1349

07/03/24

11:04

Post #: 72789470

Originally posted by market1: ↑
I am not anaccountant which could explain the difficulty I have in understanding some ofthe numbers in the half-yearly report.
TheDirectors’ report says that “… production being significantly interrupted formost of the half-year period. This is also born out by the modest “revenue fromcustomers” of $62,827.
Againstthis is the consumption of $6,561,503 in “Materials and Consumables”. Thereport does not show any credit for “finished or semi-finished” goods. Thissuggests that some $6 million have gone up in smoke or gone to the tip.
Withlimited production, the payroll has still increased year on year by 7.5%. Aconsiderable share of the payroll would be on the manufacturing side – but thiscost again shows no tangible result.
I hopeothers can make more sense out of this than I manage.

1
Inventories - 30.06.2023
2,727,488

2
Inventories - 31.06.2023
3,294,275

3
Change in Inventories

566,787
4
Raw materials and consumables used

-7,128,290
5
Actual materials and consumables used

-6,561,503
6

7
Total Payroll

4,750,549
8
Total Manufacturing Payroll

?
9

10
Total manufacturing cost @ 50% of payroll

8936777.5
11
Revenue from customers

62,827
12

Expand
Have a read of all of

I'm not an accountant either but it seems to make more sense than what you have seen, it offers more clarity in the text about where the $ probably went. Pretty sure we had a chat about it at the time.

Last edited by Treed: 07/03/24

RFX Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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Have a read of all ofI'm not an accountant either but it seems...

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1	Inventories - 30.06.2023	2,727,488
2	Inventories - 31.06.2023	3,294,275
3	Change in Inventories		566,787
4	Raw materials and consumables used		-7,128,290
5	Actual materials and consumables used		-6,561,503
6
7	Total Payroll		4,750,549
8	Total Manufacturing Payroll		?
9
10	Total manufacturing cost @ 50% of payroll		8936777.5
11	Revenue from customers		62,827
12

Have a read of all ofI'm not an accountant either but it seems...

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What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

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Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

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