A finished study on a fictitious company, published so you can read one before uploading anything.
Atlantis Semiconductor Ltd
CompletedHigh
FY2025
Capitalised development costs double against flat research expense
Development capitalised in the closing year is half again the charge taken to the income statement, and the research expense beside it has not moved in three years. The policy is disclosed and the useful life is stated; what changed is how much of the spend sits on the balance sheet.
“Development costs of 612 million were capitalised in the year, against research and development expense of 214 million charged to the income statement.”
Indicators: Soft Assets Ratio
Document reviewCost capitalisation policyconfidence high
High
FY2025
Inventory build outpaces sales for a third year while the provision rate falls
Inventory grew by a fifth against sales growth of six per cent, and the provision held against slow-moving parts was cut by more than two thirds in the same year. The two movements run in opposite directions.
“Inventory rose to 1,088 million from 902 million while sales grew by six per cent, and the provision held against slow-moving parts fell from 3.1 per cent of the balance to 0.9 per cent.”
Indicators: Days Inventory OutstandingProvision for Bad Debt Relative to Trade Receivables
Indicator analysisProvision or reserve judgementconfidence high
Showing 2 of 12 · a finding rests on figures this study published, a quoted passage, or bothTypologies: Provision or reserve judgement · Cash flow classification · Cash quality · Company-defined measure · Cost capitalisation policy · Governance · Margin quality · Revenue recognition policy