When I look at SGH accounts , I m always surprised to see some adjusted figures like EBIDTAW .... accounting tricks. what a lot of investors want to see and most likely creditors is Cash flow ! Operating cash flow and free cash flow and these figures are way lower than The EBIDTAW or net profits ...
" Work in progress " to me is just a backlog , nothing else. Fantastic tool to inflate results.
I really think it s a sort of fraud or at least an abuse from Law firms to use these kind of figures.... IMO ofc.... Dirty tricks from lawyers.
Cash is king !