Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Amiri I asked you to learn to read a basic balance sheet before trying to decipher Swedish. Never mind. Let’s find a different source for you rather than Adverty's public accounts that are obviously causing you difficulty due to their Swedish nature.
Could you please tell me what Bloomberg have noted down as Adverty's total revenue for 2019 (rounded up to the nearest 10K SEK) is?
https://www.bloomberg.com/quote/ADVT:SS
Morning mate, I'm going to bed now but we've all made peace here today. Hope you enjoy the interview. Let's all enjoy the breather.
Oh this is gona be a long evening. Take a screen break then have a look at the below.
https://bidlievers.com/viewtopic.php?f=18&t=126
What was advertys revenue for year ending 31/12/2019?
Sorry what was I corrected on?
Give up fella. Your post was completely wrong just thank the long term holders for correcting you. Give a man a fish or Teach a man to fish ? How many SEK is that knowledge worth
MG It is an accounting policy NOT a rule - wrong way round. You can break the standard if you wish if the accounts will show a more true and fair view of the substance of the transations. Yes risk and reward is the most important aspect here. A static gross profit margin points to the fact that this is not the case with bids. They're not taking on risk in selling the inventory - this is by far the most important aspect.
It is not a policy.
It is a rule.
"An entity is acting as a principal when it has exposure to the significant risks and rewards associated with the sale of goods or the rendering of services. Features that indicate that an entity is acting as a principal include:
(a)the entity has the primary responsibility for providing the goods or services to the customer or for fulfilling the order, for example by being responsible for the acceptability of the products or services ordered or purchased by the customer; - TICK - Bidstack is doing the leg work
(b)the entity has inventory risk before or after the customer order, during shipping or on return; TICK although the nature of the service makes this low risk.
(c)the entity has latitude in establishing prices, either directly or indirectly, for example by providing additional goods or services; and BIG TICK - Bidstack sets the prices of the inventory not the games developer.
(d)the entity bears the customer’s credit risk for the amount receivable from the customer. TICK - the receivables balance sits on Bidstack's balance sheet."
MG - yes I spotted that 'raw material heading' before but its not the same unfortunately as for some periods the revenue share would have to be negative which is illogical. This points to the revenue recognition policy being different to Bids. But i agree further research is really needed for a better understanding.
Advery Gross margin is 23%.... the revenue recognition is the same because it's required by revenue recognition rules! It' s not some BS that Bidstack has made up. Go and speak to the accounting bodies. Note, Adverty gross margins are 2 pips lower than Bidstack's interim GM %.
Google translate RÅVAROR OCH FORNODENHETER to get your COGS.
Come on Amirich just admit that your original de-ramp has backfired and made you look silly. If you were using that to de-ramp, maybe you should turn it on it's head to ramp Bidstack.. that would be fair wouldn't it?