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Post# of 94785
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GorillaGorilla

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GorillaGorilla

Re: Rames post# 47898

Wednesday, 08/11/2010 3:11:23 PM

Wednesday, August 11, 2010 3:11:23 PM

Post# of 94785
YONG - A/R is what the recent buying of the sales list is about.

2009 Q2
Revenue 46,271,544
Receivable 36,591,544


2010
Revenue 89,414,388 (+93% Y/Y)
Receivable 54,318,725 (+48% Y/Y)

So, it has improved but nothing impressive by any means. The jump is just symptomatic with the seasonality of the quarter (Big Q2 & Q3, Small Q4 & Q1). In previous years they catch up the receivables in Q4 ready for the next year - however clearly this is not sustainable and they are trying to improve the situation with buying the list.

rich

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