TWE 0.54% $11.15 treasury wine estates limited

Thanks for this post, great analysis.Whilst we're talking about...

  1. 45 Posts.
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    Thanks for this post, great analysis.

    Whilst we're talking about the potential impact of China on TWE, I was looking in the 2020 Annual Report and noticed that Asia's EBIT contribution is sizeable but Net Sales are almost half. I'm not experienced with balance sheets/accounting but trying to learn more, what's the implication? Does it mean because of tax and other costs in the region, regardless of the huge sales volume it doesn't end up being as dominant to TWE's futures as all the articles we've seen this year suggest?

    https://hotcopper.com.au/data/attachments/2648/2648484-0e7252032aff0c2722e33e4c7ab70805.jpg
 
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