Cash flow is just that. Receipt of sales monies would be after sale agreement.
A timing difference. Given sales of $267m versus receipts of $226m, If the cash flow receipts at the beginning of the period were for sales signed towards the end of the previous period, then sales at the end of the reporting period would have been quite a bit higher than the end of the previous year. So cash flow receipts would have got a good boost at the beginning of the current period. Have I interpreted that correctly?
A timing difference. Given sales of $267m versus receipts of $226m, If the cash flow receipts at the beginning of the period were for sales signed towards the end of the previous period, then sales at the end of the reporting period would have been quite a bit higher than the end of the previous year. So cash flow receipts would have got a good boost at the beginning of the current period. Have I interpreted that correctly?
Thought of that but working through F22, F23 and F24 the differences have been $14m, $$33m and then the $41m
If we assume that the F22 $14m was sales made in F22 and not paid until F23 then the F23 difference is $47m (22% of sales outstanding at balance date) ……assume this paid in F24 then the difference between F24 report sales and cash collected in F24 is now $88m (33% of sales) …probably higher as the starting F22 difference doesn’t include a carry over from F21
Must be using wrong logic/methodology as the 33% carried over can’t be the case but then they show $93.8m as still receivable from licence agreements so it might be right after all.
My gut feel is they’ve changed how they report sales …assuming the Cash Flow Statement doesn’t lie.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Not wishing to stray too much off topic, but a poster now banned had asked ChatGPT what was the meaning of the expression “out of the money”. They posted the result on this thread.
I asked the question of ChatGPT “what does ‘out of the money’ mean in every sense?” It came up with an answer that was quite different from the original poster’s result. The answer I got included four definitions for 1. Options trading 2. Betting and gambling 3. Investment and business and 4.Metaphorical usage.
My conclusion is that currently ChatGPT is a useful tool. However much can depend on the wording of a question. So caution is needed before definitively relying on responses.
Not wishing to stray too much off topic, but a poster now banned had asked ChatGPT what was the meaning of the expression “out of the money”. They posted the result on this thread.
I asked the question of ChatGPT “what does ‘out of the money’ mean in every sense?” It came up with an answer that was quite different from the original poster’s result. The answer I got included four definitions for 1. Options trading 2. Betting and gambling 3. Investment and business and 4.Metaphorical usage.
My conclusion is that currently ChatGPT is a useful tool. However much can depend on the wording of a question. So caution is needed before definitively relying on responses.
Said poster was very critical of GPT until it gave him an answer he liked lol.
Then the output was absolute truth and not to be questioned! Ha!
Bookmarks