Dan McCrum
@mccrum.bsky.social
Do investigations for the FT, into dubious accounting and dodgy characters mainly. Wrote a book called Money Men about a spectacular fraud
The players don’t seem to know either
Why Thomas Frank's Tottenham STILL Isn't Working
YouTube video by The Adam Clery Football Channel
m.youtube.com
January 19, 2026 at 1:54 PM
The players don’t seem to know either
Reposted by Dan McCrum
#$RCO picture looks worse based on Cost of Sales, because of each € sales needing less inventory volume
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
January 19, 2026 at 11:18 AM
#$RCO picture looks worse based on Cost of Sales, because of each € sales needing less inventory volume
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
FY19: 1,125.9 sales, 415.1 COS, 1,245.5 inventories
FY25: 984.6 sales, 289.8 COS, 2,105.6 inventories
Inventories/Sales is up 1.9x but Inventories/COS 2.4x
Yeah, cost of goods sold is only about 30 per cent, so that’s assuming the €1.8bn of stuff in casks would retail for c€6bn.
Obviously, prices could come down
Obviously, prices could come down
January 19, 2026 at 10:10 AM
Yeah, cost of goods sold is only about 30 per cent, so that’s assuming the €1.8bn of stuff in casks would retail for c€6bn.
Obviously, prices could come down
Obviously, prices could come down
Reposted by Dan McCrum
Reposted by Dan McCrum
