TRS 1.60% $3.17 the reject shop limited

TRS downgrade and outlook, page-33

  1. 20 Posts.
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    I am running numbers for this sucker.


    Any one can tell me why TRS spends 75% of proift in FY18 to accumulate its inventory.


    https://hotcopper.com.au/data/attachments/1333/1333350-5e1b6bd349259fed8825d84e7e0ab0ca.jpg

    This figure is unusual as you can see inventory investments are negative in previous two year.


    The poor management of stock and the subsequent write-off can well be the reason why a slight decline of sales will cause a share drop of profit.


    Who's directing the merchadise for this company?




 
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