because retail is cyclical and christmas is the biggest period of the year for anything related to it. APT would have experienced a large surge in sales towards the end of the half, yet not started collecting those receivables until the next half. this is pretty standard and not worrying (to me, at least) considering it lines up with what one would expect given their financing model.
APT Price at posting:
$7.80 Sentiment: Buy Disclosure: Held