Very good question Disagree. [ATTACH] Like I said, Shine is best...

Very good question Disagree.




Like I said, Shine is best analysed with last year's cost to this year's revenue. Since they perform the cases now and receive the payment 24 months later. While most businesses that you listed only have a little of accrue versus Shine, for example Woolworths pretty much settles most of their accounts payable in days with credit card, and also their inventory turns very fast, way faster than 24 months.

Tell me, do you see any problems with those numbers in the final row that you wanted?

I am the first to point out that those cash revenue is slightly inflated by acquisitions that added some cash collection to every year while the acquisition cost is not accounted for in operation, but rather in investments. However, cash cost is also inflated for the previous year if they are growing organically. All this logics I pointed out in my long post responding to Kyn.