@madamswer
Not sure why you’re so wedded to using the carrying value of PPE to calculate revenue turn, and as the basis of your analysis.
Write-downs are purely an accounting concept and is relevant to the environment in which the impairment was taken.
You’ve also forgotten about Readi!
Outside of that, great analysis. Why are you still a holder?
Ann: Full Year Results - Investor Presentation, page-65
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