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Non-Tech : Radica Games (RADA)

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To: Skywatcher who wrote (6472)12/15/1998 10:48:00 AM
From: swedelo  Read Replies (1) of 7111
 
Chris,

These figure simply reflect the result of larger production capability brought on by 70% plant expansion.

Accounts Recieveable = 48 day payment lag compared to 42 day payment lag in Q4 '97...Nope, nothing wrong there.
Inventory = Increased production capacity and build up for Christmas demand . Remember report is effective October 31. Remember RADAF put on a huge media blitz the last month and a half. It would have been stupid not to build for the demand they expect this to bring in December. Good signs of growth. Nope, no problem here either!

Best Wishes,
Swedelo
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