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| Shell sets new profit record | |
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| Tweet Topic Started: Jan 31 2008, 09:18 AM (340 Views) | |
| timmadigan | Jan 31 2008, 05:19 PM Post #16 |
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Chief Engineer
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Looking at the numbers in detail (being an accountant and such...) Revenue grew by 12% year-over-year and 41% 4Q06-4Q07 Cost of Goods Sold increased comparibly - 13% and 44% Gross Margin - Revenue - the Direct Cost of producing them increased 6% & 27%, respectively - good but not great, compared to growth in revenue -- costs increased faster than revenue grew. Overall GM% dropped from 17% to 15% Quarter-to-quarter and from 17.5% to 16.6%, year-over-year -- another not-so-great sign. What happed was that period-over-period G&A/basic operating costs held steady and there was a gain in profits from equity investments period-over-period, which offset this. What's also missing is what their reserves look like? Did they rob Peter to pay Paul? Are they going to take a future hit to either replenish their reserve tanks or did they jack-up pumping to run their numbers and are going to take the hits either in expense (replenish the tanks) or lower future output/lower revenue? We also see a large jump in both their outstanding AR (money owed to them) and AP (money they owe). Both increased by over 20%, which is not good since revenue/expenses didn't increase accordingly. |
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| timmadigan | Jan 31 2008, 05:23 PM Post #17 |
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Chief Engineer
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One other thing - even with the increase in revenue, Cash Flow from Operating Activities (pre-tax) stayed flat year-over-year. |
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| SaveOurSilverstone | Jan 31 2008, 07:10 PM Post #18 |
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Chief Engineer
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i was going to say that.....
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8:41 AM Jul 11