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0.8¢ rectifier technologies ltd

@Pete2019 I agree , but one has to question the practice of...

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31/08/23

14:32

Post #: 69664863
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Originally posted by Pete2019: ↑

Nothing unusual in the reporting of change in inventory. In simple terms this is partly offset by in part by raw materials(just the next line item).
As an example: if you buy a bolt for $10 that you plan to sell again, then your raw meterial cost would show -$10 and your inventory would be +$10. You haven't made a profit or loss yet as you haven't sold it.
Finished goods are valued at cost(parts, consumables plus labour). Inventory is just valued at cost. The change is very noticeable for RFT due to the size of the change in finished goods(not yet shipped) plus work in progress/inventory.

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@Pete2019
I agree , but one has to question the practice of including change in inventories in the P&L statement if it is a completely neutral entry ( change in inventory cancelled by raw material cost & direct labour)
Some shady outfits (not our Rectifier) may manipulate the figures.
Regardless , it is rather problematic to have such a large level of inventories & I think that is why the market is giving the cold shoulder to a fantastic effort by RFT.

RFT Price at posting: 5.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $11.05M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$1.985K	255K

Buyers (Bids)

No.	Vol.	Price($)
1	71571	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	17156032	11

View Market Depth

No.	Vol.	Price($)
1	71571	0.007
21	4099714	0.006
13	2277962	0.005
2	1000000	0.004
2	765001	0.003

Price($)	Vol.	No.
0.008	17156032	11
0.009	501930	2
0.010	178211	4
0.011	359000	3
0.012	72003	2

Last trade - 13.58pm 31/07/2024 (20 minute delay)

RFT (ASX) Chart