business
Reading a company like a cash machine
Revenue is not cash. Profit is not cash. Ask where money comes from, where it goes, and how long the lag is.
Section
Business
How firms make and spend money: earnings, cash machines, startups, IPOs/listings, company moves, and operating reality.
business
What an earnings report is really saying
A beat can still be weak. A miss can be less alarming than the headline. Read profit, cash, and guidance in order.
business
Dividends vs buybacks: two ways cash leaves the firm
Both return cash to owners. The tax, signalling, and share-count effects are not the same.
business
Working capital: the quiet line that keeps the lights on
Profit on paper can still leave a firm short of cash if inventory and receivables swell.
business
Order books vs revenue: why backlog is not the same as sales
A fat order book can mean future work—or slow conversion. Read both the backlog and the burn rate.