Usually they can choose whether to use market value or actual cost. It sounds like they were using actual cost before and switching to market value. So if the valuation of closing stock is lower, they have a higher COGS and less margin. Vice Versa. Sound like they are being conservative usually stocks are unlikely to value up.
Usually they can choose whether to use market value or actual...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.942M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138880 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 649122 | 4 |
View Market Depth
| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| SP3 (ASX) Chart |
Day chart unavailable
