You need to adjust for typical levels of working capital. In particular, payables have been way out of proportion for 2 years. Adjust the payables to be roughly in line with receivables (as a way of making the adjustment). That is, adjust so that ratio of payables to receivables is roughly typical.
This is mainly due to advance customee payments in FY17 ('unearned revenues'). It can hardly be reasonable to deem current cashflow generation to be poor, because the company managed to acquire a monster advance payment in FY17.
I love advance payments!
You need to adjust for typical levels of working capital. In...
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.04 |
Change
0.230(1.67%) |
Mkt cap ! $557.9M | |||
| Open | High | Low | Value | Volume |
| $14.12 | $14.27 | $13.98 | $736.6K | 52.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 141 | $14.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.11 | 3323 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| LYL (ASX) Chart |