OTCPK:ERILF - Post by User
Comment by
poneon May 27, 2015 4:19pm
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Post# 23771133
RE:I contact company regarding A/R
RE:I contact company regarding A/Rkeepitrealhomie wrote:
The increase in older receivables is driven by the increase in revenues of the steel business, which historically has longer payment terms than manufacturing or media based attractions. (Steel revenues increased by 82%year-over-year – from $20.6 million in 2013 to $37.5 million in 2014.)
One of the great things about this explanation is that as coasters/media attractions starts to grow substantially and overtake the lousy commodity steel fabrication business, there should be a dramatic reversal of the receivables situation. If that doesn't materialize then I would start to worry again.