I think....
I am thinking of basic POA aka just theory first.
And, then from the theory, derive what D2/HBC did.
BTW, sidetrack a little bit.
2007 $1m experiments by D2 turn out to be an excellent investment - beyond my imagination.
Thank you HBC.
Thanks for your hardwork...
and lots of drinking and singing session I imagine.
1. inventory - can not be recognise as revenue
2. shipment (standalone) - could be
2.1 - trigger due to sales order by customers, or
2.2 - no sales order yet, just ship to keep as inventory (aka stock piling. no sales and can't recognise as revenue).
3. Export model revenue recognition - upon shipment refers to #2.1 (aka not #2.2)
4. Q1FY17 Export sales to China is about $6m more than Q4FY16
4.1 I derived that $6m of DR's Secret was sold
4.2 $6m of Dr's Secret includes back order, stock piling by Export agent
5. Increase in inventory of about $0.8 in Q1FY17 is not part of #4
5.1 Increase in inventory for expected higher demand from both Export agent and subsidiaries.
(Side tracked)
6. Out of $6m Export sales, about $5m is kept as receivable
7. Export sales for 2QFY17 will be similar if not better result than 1QFY17.
Good morning valuebuddies.
Yet another beautiful day started with birds chirping happily.
I'm still learning.
Enjoy a relaxing weekend.