Perhaps it's too soon to judge. Here is a quote from the Feb'22 interim report.
"This is only a temporary change and Comvita
stands by its view that optimum inventory levels would be circa $85m by 2025"
Printable View
It'll be OK says David so no worries about the cash flow trend
I take back my words of a couple of years ago when I said that David has at least told them '.... that cash generation is important'
Never mind as David still hoping that they'll be taken over and we'll never know if inventory reduced to $85m and they collected all those unpaid bills
what happens when the seasons are lean and the inventory on hand is headed towards bare warehouse ? :)
Wonder if MEE might have some deeply discounted written off surplus they might want to quit ? ;)
might even be some spare imitation stock hiding out in the land of the large Red Rock over yonder ..