This is from Far Fetch annual report, they carry a tonne of risk and costs with their inventory which is terrible for their financial report. Cettire is a far better business model as a drop shipper with 20% margins."The total cost of inventory recognized as an expense in the consolidated statement of operations was $590.7 million for the year ended December 31, 2022 (2021: $516.2 million, 2020: $411.7 million). The total provision against inventory in order to write down the balance to net recoverable value was $34.2 million for the year ended December 31, 2022 (2021: $22.7 million)"
This is from Far Fetch annual report, they carry a tonne of risk...
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Last
$3.05 |
Change
-0.035(1.14%) |
Mkt cap ! $1.168B | |||
| Open | High | Low | Value | Volume |
| $3.07 | $3.10 | $3.02 | $2.370M | 777.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 8499 | $3.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 28333 | 36 |
View Market Depth
| Last trade - 15.56pm 13/05/2024 (20 minute delay) ? |
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Last
$3.03 |
Change
-0.035 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| $3.07 | $3.10 | $3.02 | 742381 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| CTT (ASX) Chart |