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18-10-2012, 10:13 PM
Base on cash flow statement, PBT increases by almost 100%, while OCF is only approx 30% of FY2011
The main culprit is the working capital, mainly accumulating of receivable (both trade and others), and depleting of payable (both trade and other). It seems as Kopikat highlighted, the collection terms are getting longer, while paying terms are getting shorter
The main culprit is the working capital, mainly accumulating of receivable (both trade and others), and depleting of payable (both trade and other). It seems as Kopikat highlighted, the collection terms are getting longer, while paying terms are getting shorter
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡