Bullshit. That’s what community college business majors believe. These companies are in massive debt with horrible EBIT numbers. Exactly why Buffet pulled out.
The company posted revenue of $108.1 billion and net profit of $5.6 billion, growing 29 per cent and 34 per cent year-on-year respectively. However, behind the impressive numbers lies a growing concern about how BYD is managing its finances, particularly its rising accounts payables and the increasing use of supply chain financing.
Accounts payable (part of profit calculation) rose by less than sales. Normal for it to rise equal to sales. Also why would EV sales go down? EVs are a fad or something?
EVs are simply better cars, that provide opportunity to power your house, and profit from electricity arbitrage. In case of BYD dolphin, where whole car costs $300/kwh for just a mobile battery, the car would pay for itself at just 3c/kwh arbitrage profit.
Bullshit. That’s what community college business majors believe. These companies are in massive debt with horrible EBIT numbers. Exactly why Buffet pulled out.
Can BYD Survive An EV Downturn With Its Risky Debt Strategy? - BW Businessworld https://share.google/OzaaHfOnCoiOBaLya
They already are not paying their suppliers.
BYD (1211 HK) Supply Chain Financing Masks Ballooning Debt, GMT Says - Bloomberg https://share.google/CW3XsJQDESe396K82
So if we sell these cars in Canada, they will be in dumps within 5 years with no parts support.
GrEeN rEvOlUtIoN
complete nothing burger
Accounts payable (part of profit calculation) rose by less than sales. Normal for it to rise equal to sales. Also why would EV sales go down? EVs are a fad or something?
EVs are simply better cars, that provide opportunity to power your house, and profit from electricity arbitrage. In case of BYD dolphin, where whole car costs $300/kwh for just a mobile battery, the car would pay for itself at just 3c/kwh arbitrage profit.