It’s worth noting, too, that the trend in cash receipts remains very favourable. While any review of the cash receipts number this time around might seem a bit redundant given the disclosure of revenue growth for the quarter (of +46.1% y/y), cash receipts are quite a good proxy for sales in Kogan’s case, worth keeping an eye on. Check out the green-highlighted line below showing ongoing acceleration in quarterly receipts – no slowdown there.
The very last column estimates Jun-2018 quarter receipts (using my conservative +45% y/y assumption) and calculates cash flow from operations for the same Jun quarter using the company's own forecasts (pulled from today's announcement).
Ann: Kogan.com quarterly Cash Flow Statement and Trading Update, page-24
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