There seems to be a lot of discontent with the 90 day finance terms . Interest free periods are an integral part of our society and many companies offer these terms despite them being in a competitive environment. We all take advantage of 55 day interest free credit cards, Harvey Norman repeatedly offers 4 years interest free etc.
Now the "cost" to us for offering these terms is minimal - however the benefit to companies like Tempura is massive. For Tempura to have all their suppliers grant them 90 day terms means they have a real opportunity to sell their product prior to or at about the same time their invoices are due. This reduces the "float " required to enable them to operate on a day to day basis.
Now I am certain our directors are fully aware of how much this means to them and will have easily "factored " this into the negotiating price. Its not to hard to change the markup margin from lets say 30% to 35% when no one else has a comparable product.
So sure we might see the amazing results 3 months later than we perhaps might like ideally but heck I am more than happy to accept that situation if it keeps our potentially huge customers happy.
- Forums
- ASX - By Stock
- Quarterly - expectations
There seems to be a lot of discontent with the 90 day finance...
-
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJX (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.74M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 84317 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 84317 | 0.011 |
5 | 4722035 | 0.010 |
3 | 511210 | 0.009 |
2 | 182600 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 100000 | 1 |
0.013 | 1758914 | 3 |
0.014 | 363311 | 2 |
0.015 | 1036316 | 3 |
0.017 | 106500 | 2 |
Last trade - 16.12pm 04/07/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |
Day chart unavailable