I have not bothered to indulge in any arithmetic, but conceptually what NWH paid for the shares is only one aspect of the profit recognised. Other accounting conventions apply too - for instance, earlier years provisioning for doubtful debts. If such a provision were reversed in FY24, then it adds to EBITDA for Fy24.
That type of accounting tactic is what I call time shifting - where a debit or a credit for a transaction made in one year is reversed in a later year, or when a debit or a credit should have been made in one year, but was made in a later year. Over or under depreciating is a form of time shifting, because they do not match the timing of the benefit to the expense.
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- Ann: NRW Holdings FY24 Results Update
I have not bothered to indulge in any arithmetic, but...
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Last
$3.18 |
Change
0.060(1.92%) |
Mkt cap ! $1.447B |
Open | High | Low | Value | Volume |
$3.15 | $3.23 | $3.10 | $6.524M | 2.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2773 | $3.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.19 | 7160 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 54458 | 3.170 |
4 | 14749 | 3.160 |
1 | 13216 | 3.150 |
1 | 13216 | 3.140 |
4 | 36828 | 3.130 |
Price($) | Vol. | No. |
---|---|---|
3.200 | 68951 | 6 |
3.210 | 25745 | 4 |
3.220 | 13630 | 2 |
3.230 | 28016 | 6 |
3.240 | 11778 | 2 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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