Hi,
Thank you I did look at CFO to PAT in particular:
I was specifically referring to the recent trend, it is clear that there is lumpiness in the flows when we look at it on a year on year basis as opposed to a cumulative 4 or 5 year period. Perhaps it will mean revert as the next few years roll on. I haven’t checked the peers and if it does comparatively better on cash generation then that’s great. I am not invested and this was just an observation.
I personally use CFO to sales as a starting point to dig for any variations.
Thanks and all the best!
Subscribe To Our Free Newsletter |