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.
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.