Tritium DCFC Ltd (DCFCQ)

[pauly3]

Tritium directly make money by buying parts, assembling a charger and selling the charger at a profit. Which can be measured in "inventory turnover time", the lower the turnover time, the less cash constraints. Tritium currently needs cash to grow (build production capacity). A assembly line in Tenesee plant cost costs only 2m$ to build, which will pay its self back after 1000 unites produced (or more or less 5 months).
With scale Tritium will also be able to get to a close to negative cash convertion cycle alowing them to scale without needing to raise additional funds. Also, Tritium currently has enough cash 70m$ and another 75m$ convertable enough cash to get to positive cash flow.
Tritium has huge clients, all waiting for chargers, Selling to a single party like Shell would be blocked by BP or Enel X.
Volta had many red flags (ceo leave, cash issues, intrest rates, high roi on investments)
Tritium suffering from Gilbarco (Vontier) getting rid of their shares on open market.