Quiet day and nearly exercise time.
I was in manufacturing for approx 20 years a couple of decades ago.
Maybe about 10 years into that period I got a call from a new NAB DH manager requesting a CF projection.First and only time ever.
I was not going to pay my accountant to do a CF 'projection' for this DH so the secretary had to go learn how to do above.
Any non DH only had to look at my customer list ,payment records etc to understand sales ,receipts,stock turnover etc etc were never an issue.
So again imo only when looking at CF 'historic' must be taken into account plus held,repeat and 'potential' contracts to understand the co's CF.
Not that I hold a grudge as this was maybe 30 years ago ,i'll just mention I never wear suites to work,jeans fine.
I can't remember if it was the same DH manager but it was the same NAB branch that had a meeting with a well dressed guy ,brief case and all the required impressive CF projections etc etc etc.
The NAB branch was so impressed with his submission,clothes ,CF's etc he got his $12 m walked out and eventually disappeared which led to NAB recording an extra $12 m bad debt.
I believe there is some relevance in above relating to a quality co like bis especially historic,current/repeat business and new potential contracts and CF.
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Ann: Contract for Australian SSN-AUKUS Hull Steel Qualification, page-38
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