An outlier but good observation in the times when focus is on earnings growth and price momentum. It’s a big jump and does raise curiosity.
- Might be a Typo.
- Might be selling-off receivables to a 3rd party (Factoring) to manage working capital. However, increase in the current assets on the balance sheet excluding Inventory is way lesser than the amount shown under other receivables. So, it can’t be all from the working capital.
I think management should have provided some disclosure in the results. However, It’s best to ask for clarification from the investor relations spoc.
Disc: No position.
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